- Chalice Mining (CHN) is set to acquire four additional properties at the Julimar nickel–copper platinum group element project in Western Australia
- The new properties cover a combined area of around 723 hectares and are in addition to three properties purchased in November last year
- Including these other recent acquisitions, Chalice has now secured a combined 17 square kilometres of private land at the southern end of the project, which hosts the company’s major platinum group element-nickel-copper-cobalt discovery
- Total consideration for the new land comprises $11.25 million in cash and just over one million fully paid ordinary shares
- The company states that the settlement is not subject to any material conditions precedent
- Shares last traded 0.47 per cent lower at $6.41 apiece
Chalice Mining (CHN) is set to acquire four additional properties at the Julimar project in Western Australia.
The new properties cover a combined 723 hectares and are in addition to three properties purchased in November last year.
Including these other recent acquisitions, Chalice has now secured a combined 17 square kilometres of private land at the southern end of the Julimar nickel-copper platinum group element (PGE) project.
This part of the project is said to cover all of the known mineralisation at the Gonneville intrusion ,which is the geological host to Chalice’s recent significant PGE–nickel–copper–cobalt–gold discovery.
Total consideration for the new land comprises $11.25 million in cash and just over one million fully paid ordinary shares.
The company states that the settlement is not subject to any material conditions.
Shares last traded 0.47 per cent lower at $6.41 apiece.