Chalice Mining ( (AU:CHN) ) has provided an update.
Chalice Mining has announced its strong financial position with A$83 million in cash and listed investments, alongside a strategic non-binding memorandum of understanding. The company highlights its unique investment opportunity, trading at approximately US$13 per ounce of 3E, with significant exploration upside not yet reflected in its valuation. This positions Chalice Mining as a compelling counter-cyclical investment, supported by a dedicated team with a proven track record of discovery and value creation.
More about Chalice Mining
Chalice Mining is a leading critical minerals explorer-developer based in Western Australia, known for its focus on palladium, nickel, and copper resources. The company is recognized for its significant asset, the Gonneville project, which is the largest palladium-nickel-copper resource in the Western World. Chalice Mining is strategically positioned in the West Yilgarn region, offering substantial exploration potential in Au-Cu and Ni-Cu-PGE terranes.
YTD Price Performance: -4.15%
Average Trading Volume: 2,926
Technical Sentiment Signal: Strong Buy
Current Market Cap: €248.6M
For a thorough assessment of CHN stock, go to TipRanks’ Stock Analysis page.