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Chalice Submits Second Plan to Drill Forest

IN JUNE AHMAG advised of a joint venture (JV) between Lithium Australia and as yet ASX-unlisted Charger Metals to explore for nickel, copper, gold and platinum group elements near the town of Wundowie (Coates Project).

Early last month Lithium Australia handed over the exploration reins to Charger Metals to explore for the valuable minerals which Chalice Mining is also chasing in the Julimar region west of Toodyay.

Lithium Australia retains a 30 per cent stake in the Coates Project JV but will concentrate on transitioning from explorer to lithium processor.

Chalice Mining’s discovery of the valuable Julimar ore body in 2019 is now the benchmark for all recent discoveries of nickel, copper and platinum group elements.

The Wundowie Coates Project JV referenced the similarity and Chalice flagged its own Thor Project near Manjimup as “a Julimar lookalike”.

In an ASX report on July 2 Chalice confirmed promising test results from drilling on private property which it owns in the vicinity of Keating Road in Julimar.

The company now owns seven properties in the area and has seven drill rigs operating but it is yet to gain permission to access and drill an area in Julimar State Forest where the company believes a high-grade body of ore exists.

Chalice has submitted a second Conservation Management Plan to access the forest where it intends to use track-mounted drilling rigs which have less impact on the environment than standard mounted drilling rigs.

The company has already been allowed access to the forest to conduct “non-ground disturbing exploration activities”.

Julimar, at this stage, is the southern tip of a 26k-long area of interest which runs to the north of New Norcia but Chalice has also pegged tenements as far south as Gidgegannup.

To take a three-dimensional highly technical tour of Chalice’s Julimar Project visit https://inventum3d.com/c/chalicemining/julimar .

 

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