Chalice Gold Mines 

Primary ticker: ASX: CHN; TSX: CXN
Stage of development: Exploration
Primary minerals: Gold, Nickel
Project to promote: Pyramid Hill Gold Project and East Cadillac Gold Project

Live financials

Chalice Gold is a well-funded junior explorer with district-scale exploration projects across tier-1 mining jurisdictions in Australia and Canada. Chalice’s key projects are the 100%-owned Pyramid Hill Gold Project located in the prospective Bendigo gold district of Victoria, as well as the East Cadillac Gold Project in the equally significant Val-d’Or gold district Quebec. The Company is in a unique and strong financial position with c.A$27 million in current assets and has a proven track record of success, with prudent and well-timed asset sales generating net proceeds of c.A$107 million.

Red Cloud Research Report in March 2019

Management Profile

Alex Dorsch, Managing Director

Qualifications: BEng (Hons), BFin

Alex is an experienced consultant, engineer, project manager and corporate advisor in the resources sector. Prior to joining Chalice in late 2017, he was working as a Specialist consultant with the global management consultancy McKinsey & Company. He commenced his engineering career with resources giant BHP in Adelaide, and then spent over six years as an engineer in oil and gas exploration. Alex holds a Bachelor of Mechanical Engineering (first class Honours) and a Bachelor of Finance from the University of Adelaide.

What is your rationale for attending 121 Mining Investment?

The Company is aiming to attract new long term investors to its share register with an appetite for investing in early stage but high growth exploration opportunities. Our strategy is to explore greenfield terranes at scale in tier-1, high-grade provinces (Victoria, Quebec); aiming to address the rapid decline in tier-1 discoveries worldwide. This strategy is backed by a strong management team with a track record of success and a solid financial position (>A$20m in cash).

What recent news would you like to highlight to investors attending?

Chalice has defined several new high-priority target areas at the Pyramid Hill Gold Project, Victoria, after completing c. 15,000m of reconnaissance AC drilling. The phase 1 drill programme has now been expanded to c. 35,000m. See ASX Announcement: “Reconnaissance drilling at Pyramid Hill Gold Project continues to outline high-priority target areas” – 19 March 2019.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Complete the Phase 1 reconnaissance drill programme at the Pyramid Hill Gold Project, at the Muckleford and Mt William Areas.

Complete interpretation of results and commence phase 2 infill drilling.

Make a discovery at the East Cadillac Gold Project
Complete interpretation of results and commence planning for the next phase of drilling.

Generate drill targets at Julimar Nickel Project.

6 Months:

Make a discovery at the Pyramid Hill Gold Project.

Commence next phase of drilling at the East Cadillac Gold Project.

Drill test targets at Julimar Nickel Project.

12 Months:

Drill and define any gold discoveries.

Drill and define the previous North Contact and Lac Rapides discoveries at East Cadillac Gold Project.

Make a discovery at Julimar Nickel Project.

Continue early stage generative exploration work at other projects.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The Company is in a strong financial position, so has the benefit of being able to operate continuously even during the prevailing pooor market conditions in the junior sector. The Company’s key risks are related to movements in commodity prices and financial markets as well as geological risks in discovering an economic ore deposit.

In a sentence, what do you think makes your company such a compelling investment?

District-scale exploration projects in high-grade gold provinces within tier-1 jurisdictions; a unique, strong financial position with c. A$20M in cash; and a management team with a strong track record of value creation with ~A$100M+ generated from asset sales to date.