Chalice Mining Limited (AU:CHN)
ASX:CHN
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Chalice Mining
(Sydney:CHN)
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Rating:44Neutral
Price Target:
AU$1.50
▲(7.14% Upside)
Action:ReiteratedDate:03/17/26
The score is driven down primarily by weak operating fundamentals (minimal revenue, ongoing losses, and negative free cash flow) and a bearish technical trend (price below all key moving averages with negative momentum). A low-debt balance sheet provides some offset, but valuation remains hard to assess favorably with a negative P/E and no dividend support.
Positive Factors
Conservative balance sheet / Low leverage
Very low leverage materially reduces refinancing and interest-rate risk for a pre‑production miner. A conservative capital structure preserves optionality to fund exploration, withstand commodity cycles and pursue development milestones without large fixed debt burdens, improving long‑term resilience.
Negative Factors
No revenue and persistent net losses
Absence of operating revenue and recurring net losses mean the business cannot self‑fund exploration or development. Continued negative profitability erodes equity value and leaves project progression contingent on external financing or partnerships, representing a fundamental execution and solvency risk until production or JV cashflows arise.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / Low leverage
Very low leverage materially reduces refinancing and interest-rate risk for a pre‑production miner. A conservative capital structure preserves optionality to fund exploration, withstand commodity cycles and pursue development milestones without large fixed debt burdens, improving long‑term resilience.
Read all positive factors
Chalice Mining (CHN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$533.61M
Dividend YieldN/A
Average Volume (3M)3.26M
Price to Earnings (P/E)―
Beta (1Y)2.28
Revenue GrowthN/A
EPS Growth38.72%
CountryAU
Employees19
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding389,499,730
10 Day Avg. Volume3,369,228
30 Day Avg. Volume3,257,418
Financial Highlights & Ratios
PEG Ratio0.73
Price to Book (P/B)4.97
Price to Sales (P/S)0.00
P/FCF Ratio-35.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.08Price Target Upside120.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.04
Revenue Forecast (FY)AU$26.35K
Chalice Mining Business Overview & Revenue Model
Company Description
Chalice Mining Limited operates as a mineral exploration and evaluation company. The company explores for gold, copper, cobalt, palladium, platinum group element, and nickel deposits. Its flagship properties include the Julimar Nickel-Copper-Plati...
How the Company Makes Money
As a pre-production mineral explorer/developer, Chalice Mining does not typically generate recurring revenue from product sales, and specific revenue streams from operations are not publicly evident in the absence of mining/processing sales. Accor...
Chalice Mining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
74
Positive
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 118.00K | 181.00K | 634.00K | 520.00K |
| Gross Profit | -680.00K | -534.00K | 118.00K | 181.00K | -37.00K | 246.00K |
| EBITDA | -27.03M | -21.60M | -43.74M | -65.81M | -64.85M | -45.95M |
| Net Income | -23.48M | -24.21M | -39.50M | -65.60M | -18.30M | -43.19M |
Balance Sheet | ||||||
| Total Assets | 128.91M | 135.98M | 170.67M | 199.06M | 186.78M | 162.66M |
| Cash, Cash Equivalents and Short-Term Investments | 71.26M | 77.76M | 111.03M | 148.18M | 134.53M | 115.45M |
| Total Debt | 1.78M | 1.88M | 2.11M | 1.73M | 2.14M | 349.00K |
| Total Liabilities | 6.43M | 6.56M | 7.88M | 12.01M | 10.45M | 13.44M |
| Stockholders Equity | 122.48M | 129.42M | 162.79M | 187.05M | 176.33M | 149.22M |
Cash Flow | ||||||
| Free Cash Flow | -21.10M | -17.99M | -48.66M | -60.37M | -69.65M | -59.65M |
| Operating Cash Flow | -21.06M | -17.76M | -44.09M | -59.93M | -61.80M | -37.63M |
| Investing Cash Flow | 2.12M | -116.00K | -11.58M | -826.00K | -3.45M | -20.26M |
| Financing Cash Flow | -191.00K | -241.00K | -596.00K | 74.28M | 96.93M | 112.03M |
Chalice Mining Technical Analysis
Negative
1.40
Price Trends
1.91
Negative
1.93
Negative
1.91
Negative
Market Momentum
-0.17
Positive
36.57
Neutral
37.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CHN, the sentiment is Negative. The current price of 1.4 is below the 20-day moving average (MA) of 1.64, below the 50-day MA of 1.91, and below the 200-day MA of 1.91, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 36.57 is Neutral, neither overbought nor oversold. The STOCH value of 37.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CHN.
Chalice Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$472.88M | 3.21 | 15.33% | ― | 6.70% | ― | |
51 Neutral | AU$322.09M | -4.82 | -53.29% | ― | ― | ― | |
50 Neutral | AU$445.33M | -3.13 | -50.73% | ― | ― | 22.73% | |
47 Neutral | AU$380.42M | -3.48 | -10.21% | ― | 2.00% | 8.82% | |
46 Neutral | AU$685.37M | -8.93 | -10.17% | ― | -100.00% | 89.10% | |
44 Neutral | AU$533.61M | -16.33 | -17.89% | ― | ― | 38.72% |
* Basic Materials Sector Average
AU:CHN
Chalice Mining
1.37
0.16
13.22%
AU:CXO
Core Lithium Ltd
0.24
0.16
201.28%
AU:SGQ
St. George Mining Ltd.
0.12
0.10
505.26%
AU:AIS
Aeris Resources Limited
0.40
0.21
107.89%
AU:ASM
Australian Strategic Materials Ltd
1.40
1.04
283.56%
AU:CTM
Centaurus Metals Limited
0.57
0.22
62.86%
Chalice Mining Corporate Events
Chalice Mining Files Half-Year Report for December 2025
Mar 13, 2026
Chalice Mining Limited has released its Half-Year Report for the period ended 31 December 2025, outlining its financial position, performance, and cash flows. The document includes directors’ commentary, audited financial statements, and gov...
State Street Group Exits Substantial Holder Position in Chalice Mining
Mar 6, 2026
State Street Corporation and key subsidiaries, including State Street Bank and Trust Company and SSGA Funds Management, have lodged a notice that they have ceased to be a substantial shareholder in Chalice Mining Limited as of 4 March 2026. The ch...
State Street Group Ceases to Be Substantial Holder in Chalice Mining
Mar 4, 2026
State Street Corporation and several of its subsidiaries have filed a notice that they have ceased to be substantial holders in Chalice Mining. The change follows a series of adjustments in their relevant interests in Chalice Mining shares, largel...
State Street Group Ceases to Be Substantial Holder in Chalice Mining
Feb 9, 2026
State Street Corporation and several of its subsidiaries, including State Street Bank and Trust Company and State Street Global Advisors Australia, have lodged a notice that they have ceased to be substantial holders in Chalice Mining as of 5 Febr...
Chalice Mining Announces Lapse of Options and Performance Rights
Feb 3, 2026
Chalice Mining Limited has notified the market of the cessation of certain equity-linked securities, including 335,541 options expiring in August 2028 with an exercise price of $2.60 and 692,605 performance rights, after the conditions attached to...
Chalice Mining Locks In Robust Economics for Gonneville as Low-Cost PGM-Nickel Project Advances
Jan 29, 2026
Chalice Mining reported a cash and listed investments position of about A$71.3 million with no debt at the end of December 2025 and a modest monthly expenditure rate, indicating it is funded through to a planned Final Investment Decision on its Go...
Chalice Mining MD Alexander Dorsch Sells 1.5 Million Shares at $2.30
Jan 22, 2026
Chalice Mining has disclosed a change in the indirect shareholding of Managing Director Alexander Carl Dorsch, who has sold 1.5 million fully paid ordinary shares at $2.30 per share. The transaction, involving securities held via trust, superannua...
State Street Subsidiary Drops Below Substantial Holder Threshold in Chalice Mining
Jan 19, 2026
Chalice Mining Limited has disclosed that a subsidiary of US-based financial services group State Street Corporation has ceased to be a substantial shareholder in the company as of 15 January 2026. The change in substantial holding, detailed in a ...
Chalice Mining Reports Lapse of Options and Performance Rights
Jan 13, 2026
Chalice Mining Limited has notified the market of the cessation of certain equity-linked securities, involving the lapse of 38,568 options expiring 26 August 2028 with an exercise price of $2.60 and 32,454 performance rights. The securities lapsed...
Chalice Mining Issues New Shares Following Conversion of Unquoted Securities
Jan 9, 2026
Chalice Mining Limited has notified the ASX of the issue of a total of 118,561 ordinary fully paid shares following the exercise or conversion of previously unquoted securities. The new shares, issued on 7 and 8 January 2026, represent a minor inc...
Chalice Mining Seeks ASX Quotation for Shares Issued Under Employee Incentive Scheme
Jan 5, 2026
Chalice Mining Limited has applied to the ASX for quotation of 394,140 new fully paid ordinary shares issued on 6 January 2026. The shares have been issued to CPU Share Plans Pty Limited as trustee for the Chalice Mining Share Trust to satisfy fut...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.