Our Business
Chalice is a globally recognised explorer-developer based in Western Australia with a strong track record of discovery and value creation for shareholders.
Our major greenfield discovery in early 2020, the Gonneville Resource in Western Australia, is the largest undeveloped PGM-nickel-copper-cobalt project in the western world. The 100%-owned Gonneville Project has a tier-1 scale Resource containing approximately 17 million ounces of platinum group metals (PGMs), 960 thousand tonnes of nickel, 540 thousand tonnes of copper and 96 thousand tonnes of cobalt, also making it the largest PGM discovery in Australian history.
The Project has Strategic and Major Project Status from the WA and Commonwealth governments, recognising its scale and strategic importance to the critical minerals sector as well as the dominance of Russia and South Africa in PGM production.
Chalice completed a Pre-Feasibility Study in December 2025, confirming a long life and globally competitive critical minerals mine in Western Australia, set to generate A$4.7bn in free cashflow pre-tax with a rapid payback of 2.7 years. Gonneville is expected to become the lowest cost PGM producer in the western world with an average all-in sustaining cost (AISC) of US$370/oz 3E over its 23 year modelled open pit life. Only ~50% of the current Resource is modelled in the PFS, with a transition to underground mining likely in future.
Chalice is currently completing a Feasibility Study, progressing the regulatory approvals and offtake/financing discussions for the Project in parallel. The Final Investment Decision (FID) to construct the Project is targeted in H1 2028, ahead of first production in 2030.
The transformational Gonneville discovery defined a new exploration search space, the West Yilgarn Magmatic Province in Western Australia. Chalice secured large exploration licence holdings across the province as first-mover, and has continued to explore systematically since 2021 and enter into new exploration joint ventures in search of new mineral deposits. In addition to the critical minerals potential of the West Yilgarn, Chalice has acquired several other exploration projects across WA, South Australia, Northern Territory and New Zealand, targeting both Iron-Oxide-Copper-Gold (IOCG) and orogenic gold mineral systems.
The Company maintains a strong financial position and high level of capital discipline. Chalice has a strong development and exploration team in place and has a highly institutional, long-term shareholder base.
Our History

2025
Chalice has a metallurgical breakthrough and confirms a saleable Nickel concentrate can be produced from the entire Gonneville sulphide Resource
Gonneville Project Pre-Feasibility Study released, confirming a long life and globally competitive critical minerals mine in Western Australia.
Chalice announces the appointment of Odin Partnership Limited a global independent advisory group founded by Mark Cutifani, Tony O’Neill and Omar Davis, as strategic advisors to the Company.
2024
Gonneville Resource #4 remodelled to support selective high-grade starter case, including upgrade to 660Mt @ 0.79g/t 3E, 0.20% Ni, 0.21% Cu, 0.019% Co
Acquired a strategic investment in Encounter Resources Limited (ASX:ENR) exposing Chalice to Encounter’s prospective tenements in the West Arunta Province
Submitted the Gonneville Project for State and Commonwealth environmental approvals


2023
Gonneville Resource #3 upgrade to 560Mt @ 0.88g/t 3E, 0.16% Ni, 0.09% Cu, 0.015% Co
~A$76M raised to progress Gonneville studies and regional exploration
Gonneville Scoping Study completed which outlined a potential new long-life, low-cost, low-carbon critical minerals mine in Western Australia
2022
A$100M raised to progress Gonneville studies
Gonneville Resource #2 upgrade to 350Mt @ 0.96g/t 3E, 0.16% Ni. 0.10% Cu, 0.015% Co


2021
Spin-out of 5,000km2 Pyramid Hill Gold Project in Victoria to become Falcon Metals Ltd (ASX:FAL)
Exploration drilling commences at new targets along the Julimar Complex
Tier-1 maiden Gonneville Resource of 330Mt @ 0.94g/t 3E, 0.16% Ni, 0.10% Cu, 0.016% Co
2020
Major PGE-Ni-Cu-Co-Au discovery at Julimar (now Gonneville) in first drill hole
Birth of the highly-prospective West Yilgarn Ni-Cu-PGE Province in Western Australia centred on the >30km long Julimar Complex
~A$145M raised to progress Gonneville
Staked ~8,000km2 licence holding surrounding Gonneville


2016 – 2019
Staked or acquired large greenfield exploration projects in Australia and Canada (including Gonneville) exploring for nickel, copper, gold and vanadium
2018
A$0.04ps capital return to shareholders (~A$10.6M)


2016
Cameron Gold Project sold for ~A$25M
2013
Cameron Gold Project in Ontario acquired for ~A$8M


2012
Zara sold for ~A$110M
A$0.10ps returned to shareholders (~A$25M)
2009-2011
~A$34M raised to progress Zara Project to DFS


2009
Zara Gold Project in Eritrea acquired for ~A$7M
2007
Chalice and Higginsville projects sold for ~A$12M


2006
Company formed
A$7.5M raised in IPO to explore the Chalice and Higginsville gold districts in WA