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Bullboard - Stock Discussion Forum Chalice Mining Ltd CGMLF

Chalice Mining Limited is a mineral exploration company. The Company is engaged in the exploration and evaluation of the Gonneville Nickel-Copper-PGE Project and the exploration of projects located in the West Yilgarn region of Western Australia. The Gonneville Platinum Group Element-Nickel-Copper-Cobalt (PGE-Ni-Cu-Co) is a development project located on Chalice-owned farmland, in Western... see more

OTCPK:CGMLF - Post Discussion

Chalice Mining Ltd > Chalice has a lot to like cash + Pilbara
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Post by brandy2000 on Nov 13, 2017 2:39pm

Chalice has a lot to like cash + Pilbara

Expect a report on the Pilbara activites soon.

So, Chalice has entered into a number of farmin/option agreements for a wide array of resource projects.
- Warrego North through a JV with Meteoric Resources (ASX: MEI)
- West Pilbara Gold Project through a JV with Red Hill Iron (ASX: RHI)
- Latitude Hill Ni-Cu-PGE Project through an earn-in with Traka Resources (ASX: TKL)
- Chimo Gold Project in Quebec, Canada through a binding option with Richmont Mines Inc. (TSX: RIC)

+ 24m shares or so of First Mining (FF:TSXV)

    • West Pilbara Gold and Base Metals Project:
      • Up to 6,500m of RC and Aircore drilling commenced in early October at the West Pilbara Gold Project, following encouraging results from copper and gold rock chip sampling
      • Additional tenement applications increase total project area to 2,406km2
      • Assessment of newly-secured areas underway to establish the presence of the basal conglomeratic unit of the Fortescue Group, which hosts recently reported high-profile gold discoveries in the Pilbara region, including those by Novo Resources, Artemis Resources, De Grey Mining and others
  • Chalice well positioned to expand exploration activities based on success, with cash and liquid investments of A$50m at Quarter-end.
Comment by cigarbutts on Nov 13, 2017 3:21pm
no arguement from me on this one.   Good insider ownership too. 
Comment by Hollingerboy on Nov 13, 2017 5:23pm
Bang on. One of few jr that are all cashed up in Pilbara region + great mgmt team, interested to know why someone would ditch career at Top shelf firm McKinsey and come work for a junior! Hummmm. HB
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