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Chalice Mining
(Sydney:CHN)
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Rating:43Neutral
Price Target:
AU$1.00
▼(-39.76% Downside)
Action:Reiterated
Date:06/10/26
The score is primarily held down by weak financial performance (no meaningful revenue base, continued losses, and cash burn). Technicals add additional pressure given the stock is below major moving averages with soft momentum. Valuation is also constrained by negative earnings and no indicated dividend, partially offset only by the low-leverage balance sheet.
Positive Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio provides durable financial flexibility for an exploration company: it reduces bankruptcy risk, preserves the ability to fund drilling or partner projects via non-distressed routes, and makes the company a more attractive JV or offtake counterparty over months.
Negative Factors
No recurring operating revenue
Absence of operating revenue is a core structural risk: the business must convert exploration upside into a sale, JV or mine to sustain itself. Until that occurs, valuation and longevity depend on capital markets and project milestones rather than stable cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio provides durable financial flexibility for an exploration company: it reduces bankruptcy risk, preserves the ability to fund drilling or partner projects via non-distressed routes, and makes the company a more attractive JV or offtake counterparty over months.
Read all positive factors
Chalice Mining (CHN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$448.69M
Dividend YieldN/A
Average Volume (3M)3.26M
Price to Earnings (P/E)―
Beta (1Y)2.06
Revenue GrowthN/A
EPS Growth7.79%
CountryAU
Employees19
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding390,162,540
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$2.14Price Target Upside28.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.04
Revenue Forecast (FY)AU$77.47K
Chalice Mining Business Overview & Revenue Model
Company Description
Chalice Mining Limited is a firm primarily engaged in the exploration and assessment of mineral resources. The company actively seeks out deposits containing gold, copper, cobalt, palladium, nickel, and platinum group elements (PGEs). Among its ke...
How the Company Makes Money
As an exploration-stage company, Chalice Mining generally does not generate recurring operating revenue from mineral production. Instead, it typically funds operations through external capital and, where applicable, portfolio transactions. Its pri...
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 | -496.00K | 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
1.66
Price Trends
1.35
Negative
1.48
Negative
1.77
Negative
Market Momentum
-0.05
Negative
40.81
Neutral
26.98
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 1.66 is above the 20-day moving average (MA) of 1.20, above the 50-day MA of 1.35, and below the 200-day MA of 1.77, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 40.81 is Neutral, neither overbought nor oversold. The STOCH value of 26.98 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$576.38M | 5.89 | 16.49% | ― | 7.77% | 152.21% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$825.38M | -23.33 | -10.17% | ― | -100.00% | 59.85% | |
44 Neutral | AU$288.03M | -9.41 | -10.21% | ― | 294.23% | 37.64% | |
43 Neutral | AU$448.69M | -18.41 | -18.64% | ― | ― | 7.79% | |
43 Neutral | AU$254.98M | -16.19 | -39.39% | ― | ― | 25.54% | |
41 Neutral | AU$398.83M | -7.04 | -50.73% | ― | ― | -79.69% |
* Basic Materials Sector Average
AU:CHN
Chalice Mining
1.07
-0.78
-42.12%
AU:CXO
Core Lithium Ltd
0.24
0.13
118.18%
AU:SGQ
St. George Mining Ltd.
0.08
0.04
122.86%
AU:AIS
Aeris Resources Limited
0.36
0.16
86.84%
AU:ASM
Australian Strategic Materials Ltd
1.03
0.33
48.55%
AU:CTM
Centaurus Metals Limited
0.44
0.09
25.71%
Chalice Mining Corporate Events
Chalice Mining Issues New Shares on Conversion of Unquoted Securities
Jul 9, 2026
Chalice Mining Limited has issued 98,656 new ordinary fully paid shares following the exercise or conversion of previously unquoted securities. The issuance, effective 7 July 2026, marginally increases the company’s total share capital and r...
Chalice Mining Updates Director Alexander Dorsch’s Indirect Equity Interests
Jul 9, 2026
Chalice Mining has reported changes in the indirect equity interests of director Alexander Carl Dorsch, mainly involving performance rights and fully paid ordinary shares held through family and superannuation structures. The update details the ex...
Chalice Mining Updates Director Richard Hacker’s Equity Interests
Jul 9, 2026
Chalice Mining has disclosed changes in the indirect interests of director Richard Hacker in accordance with ASX listing rules. The notice details his interests held through the Emerald Superannuation Fund and two Hacker family trusts, which colle...
Chalice Mining Reports Lapse of Over 500,000 Performance Rights
Jul 8, 2026
Chalice Mining Limited has reported the lapse of 515,535 performance rights, which ceased because the specified performance conditions were not met or can no longer be satisfied. The cessation of these securities reflects an adjustment to the comp...
Vanguard Cuts Stake Below Substantial Holder Threshold in Chalice Mining
Jul 6, 2026
Vanguard Group has notified Chalice Mining Limited that it has ceased to be a substantial holder in the company. The asset manager now holds 4.845% of Chalice Mining’s voting power, down from a previously higher level of ownership.The change...
Chalice Mining Reports Lapse of 764,784 Performance Rights
Jul 6, 2026
Chalice Mining has disclosed the lapse of 764,784 performance rights, classified as CHNAI securities, after the conditions attached to these rights were not met or became incapable of being satisfied. The cessation of these rights reduces the comp...
Chalice Mining Seeks ASX Quotation for Incentive Scheme Shares
Jul 6, 2026
Chalice Mining has applied to the ASX for quotation of 662,808 new ordinary fully paid shares, to be issued on 7 July 2026 to CPU Share Plans Pty Limited as trustee for the Chalice Mining Share Trust. The shares are being created to satisfy future...
Chalice Mining Issues New Shares After Conversion of Unquoted Securities
Jul 1, 2026
Chalice Mining Limited has issued a total of 55,396 new ordinary fully paid shares following the conversion of previously unquoted securities. The new shares, which were issued on 25 May 2026 and 17 June 2026, represent the exercise of options or ...
State Street Ends Substantial Holding in Chalice Mining
Jun 26, 2026
State Street Corporation, through subsidiaries including State Street Bank and Trust Company, SSGA Funds Management, Inc. and State Street Global Advisors, Australia, Limited, has ceased to be a substantial shareholder in Chalice Mining Limited as...
Chalice Mining Director Increases Indirect Shareholding
Jun 4, 2026
Chalice Mining has disclosed a change in the indirect interests of director Alexander Carl Dorsch, reporting the on-market acquisition of 150,000 fully paid ordinary shares on 4 June 2026 for a total consideration of $220,026.24. The purchase, mad...
Chalice Mining Unveils High-Grade Copper-REE Target at Deep Blue
Jun 3, 2026
Chalice Mining has identified an exceptional copper-molybdenum-silver-rare earth target known as Deep Blue, located about 10km north of Goomalling and roughly 15km southeast of the Caravel Copper Project in Western Australia. Recent soil and rock ...
UBS Group AG Drops Below Substantial Holding Threshold in Chalice Mining
May 22, 2026
UBS Group AG and its related bodies corporate have ceased to be substantial shareholders in Chalice Mining Limited as of 20 May 2026. The change reflects a reduction in UBS’s relevant interest and voting power below the substantial holding t...
Chalice underscores Gonneville critical minerals credentials amid risk caveats
May 6, 2026
Chalice Mining used a presentation at the Macquarie Australia Conference to highlight progress on its Gonneville palladium-nickel-copper project in Western Australia, which it describes as a new globally significant critical minerals mine. The com...
Chalice Mining Ramps Up Gonneville Development as Metal Markets Strengthen
Apr 29, 2026
Chalice Mining has moved to bolster its execution and financing capabilities for the Gonneville palladium-nickel-copper project, appointing Odin Partnership as strategic advisor, Cutfield Freeman as debt advisor and adding former Anglo American le...
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.