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Chalice Mining Limited ( (AU:CHN) ) has shared an announcement.
Chalice Mining Limited has achieved a significant metallurgical breakthrough at its Gonneville Project, producing saleable copper and nickel concentrates from low-grade composites without the need for a complex hydrometallurgical process. This development is expected to significantly reduce project costs and risks, improve project margins, and streamline the pathway to development. The optimization of the process flowsheet is anticipated to enhance the project’s economic feasibility, with ongoing pre-feasibility studies targeting completion by mid-2025. Chalice remains financially strong and continues to engage with potential strategic partners to maximize the project’s value.
More about Chalice Mining Limited
Chalice Mining Limited is a mining company focused on developing the Gonneville PGE-Ni-Cu-Co Project in Western Australia. The company is involved in the exploration and development of platinum group elements, nickel, copper, and cobalt resources, aiming to optimize and progress the project towards a feasible development plan.
YTD Price Performance: 8.92%
Average Trading Volume: 2,339
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €282.6M
Learn more about CHN stock on TipRanks’ Stock Analysis page.