Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Chalice Mining ( (AU:CHN) ) has shared an announcement.
Chalice Mining has announced progress in its Gonneville Palladium-Nickel-Copper Project, with a Pre-Feasibility Study expected to complete by Q4 CY25. The project, which includes a long-life bulk open-pit mine, aims to optimize production through a simplified process flowsheet and is supported by strong local community backing. The company is fully funded for the studies and permitting phase, targeting a Final Investment Decision by late CY27. Chalice is also exploring hybrid solar/battery power solutions and has executed a Letter of Intent for sourcing process water, indicating a focus on sustainable operations. The announcement highlights the company’s strategic efforts to enhance project margins and reduce technical risks, positioning it favorably within the industry.
The most recent analyst rating on (AU:CHN) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Chalice Mining stock, see the AU:CHN Stock Forecast page.
More about Chalice Mining
Chalice Mining is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is engaged in the production of palladium, nickel, and copper, with a significant project in Western Australia known as the Gonneville Project. Chalice Mining is committed to advancing its projects through various stages of development and regulatory approvals, with a focus on optimizing production processes and engaging with potential strategic partners.
Average Trading Volume: 3,206,899
Technical Sentiment Signal: Hold
Current Market Cap: A$690.5M
See more data about CHN stock on TipRanks’ Stock Analysis page.