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Chalice Mining Limited ( (AU:CHN) ) has issued an update.
Chalice Mining Limited announced its December 2024 Quarterly Activities Report, highlighting a strong financial position with approximately $90M in cash and investments and no debt. The company is advancing its Gonneville Project with a focus on a simplified, lower-risk, and higher-margin development plan, with substantial progress in metallurgical testwork and process optimization. Additionally, Chalice secured ‘Major Project Status’ from the Commonwealth Minister for Industry and Science, underscoring the project’s strategic importance. Exploration activities also continued in the West Yilgarn Province, with promising geological results awaiting assay confirmation.
More about Chalice Mining Limited
Chalice Mining Limited operates in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include platinum group elements (PGE), nickel, copper, and cobalt, with a significant focus on the Gonneville Project in Western Australia.
YTD Price Performance: 12.92%
Average Trading Volume: 10,646
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €290.2M
Learn more about CHN stock on TipRanks’ Stock Analysis page.
