Chalice Gold is a unique, well-funded exploration business with a portfolio of district-scale gold and nickel sulphide exploration projects in high-grade mining regions of Australia. The company is exploring for large scale, high-grade discoveries in greenfield provinces and is renowned for its strong track record of value creation in the sector and its strong balance sheet (currently >A$30 million in working capital).
Chalice's portfolio includes the 100%-owned Pyramid Hill Gold Project, a district-scale 5,140km2 land holding in the highly prospective and reinvigorated Bendigo gold district of Victoria a region that has produced >60Moz of high-grade gold but has seen minimal exploration under shallow cover. Chalice has been actively exploring the Project since early 2018 and has outlined several large-scale targets through shallow reconnaissance drilling to date.
The King Leopold Nickel Project is another key district-scale 1,800km2 land holding in the frontier west Kimberley region of WA. The Company is targeting new nickel sulphide discoveries along strike from an isolated high-grade Ni-Cu-Co prospect.
Chalice recently sold its two Canadian gold projects to O3 Mining Inc. (TVX:OIII) for C$12 million in shares and retained a royalty. O3 Mining is a new venture led by major Quebec based gold company Osisko Mining Inc. (TSX:OSK). The sale of the East Cadillac and Kinebik Gold Projects further strengthens the Company's balance sheet and allows the Chalice to focus on its opportunities in Australia.
