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Chalice Mining Ltd further enhances Julimar with new high-grade zone discovered
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Chalice Mining intends to demerge certain gold assets in Australia
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ASX rises 1pc; BHP, Rio, Fortescue lead gains
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Resource Base dips on debut
William McInnes
Resource Base has dipped on its debut on the local sharemarket, despite the majority of gold miners trading higher.
Junior gold explorer had listed at 20¢ a share but inside the opening minutes of trading, was down 12.5 per cent to 17.5¢.
The company had raised $5.5 million through its initial public offering and listed with a market capitalisation of $10.7 million.
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Online broker SelfWealth to add crypto in Aussie first
Aleks Vickovich
ASX-listed share-trading platform SelfWealth will add cryptocurrencies as more than two thirds of its customer base of active traders and self-managed super investors hold or plan to invest in digital assets.
Chalice Mining moves to demerge gold assets
This follows a strategic review of Chalice’s portfolio which concluded that a demerger of the gold projects is the optimal structure to maximise value for shareholders. The assets include the district-scale Pyramid Hill Gold Project in the prolific Bendigo Zone of central Victoria.
Chalice Mining Ltd (ASX:CHN) (OTCQB:CGMLF) intends to demerge its highly prospective Australian gold assets subject to shareholder and regulatory approvals.
This follows a strategic review of the portfolio which concluded that a demerger of gold projects including the district-scale, 100%-owned Pyramid Hill Project in Victoria and Viking Project in Western Australia, is the optimal structure to maximise value for its shareholders.
Chalice Mining continues to unlock Julimar potential as resource drilling hits continuous high-grade zones
An intensive exploration campaign at Chalice’s Julimar asset is paying off, with infill and step-out drilling confirming the quality of a key multi-element deposit. Drilling is underway at the Gonneville discovery as part of an ongoing broad 160,000-metre exploration campaign.
Chalice Mining Ltd (ASX:CHN) (OTCMKTS:CGMLF) continues to grow the resource potential at its flagship Julimar Project, where an intensive drilling program has defined continuous, high-grade nickel-copper-cobalt-gold-platinum group element (PGE) zones.
Seven drill rigs are on site, executing a 160,000-metre step-out and resource definition program across Julimar’s multi-element Gonneville Intrusion in Western Australia.
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