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- Last 2026-11-06
- A$1.06
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
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- Mkt cap
- A$413.6M
- EV
- A$362.4M
- Cash
- A$44.7M
- Debt
- A$0
1 newer ASX announcement not yet reflected in this valuation
- Corporate Presentation - November 2026Latest Operating Presentation
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Sign in or enter a guest codeAnnouncements
Latest 12 of 4All sources ▸Event calendar · next 12 months
7 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Q4 CY26 (company guided) | ERD and PER lodged with the WA EPA and Commonwealth; s43A and s156A decision | Permitting | Company Guided | High | Starts the critical path to FID; a delay moves FID. |
| Commissioning Nov 2026; results Q1 CY27 | Eight-week full-flowsheet pilot plant results and final concentrate specifications | Study | Company Guided | High | Flowsheet de-risking step required by project financiers. |
| 20 November 2026 | 2026 AGM: new independent Chair Ross Carroll and directors Gerard Rheinberger and Soolim Carney join; Derek La Ferla retires | Governance | Confirmed | Medium | Board renewal ahead of financing; sign-on options subject to shareholder approval. |
| Q1 CY27 (company guided) | Mining lease and miscellaneous licence applications lodged | Permitting | Company Guided | Medium | Tenure step required before construction. |
| First production early CY27 (operator guided) | Nyanzaga commercial production (triggers A$5m contingent payment to Chalice) | Economic Arrangement | Company Guided | Medium | Cash inflow of A$5m if commercial production is achieved. |
| Q3 CY27 (company guided) | Definitive Feasibility Study completed | Study | Company Guided | High | Updated capex, schedule and economics before the FID decision. |
| H2 CY27 (company guided) | Offtake agreements executed for copper-PGM and nickel-cobalt concentrates | Transaction | Company Guided | High | Needed for project finance. |
Executive roster
As of 2026-09-30Background checks ▸Executives as disclosed in the FY26 annual report (KMP and Joint Company Secretaries), the 27 October 2026 quarterly (new appointments) and the 12 October 2026 Board announcement. Non-executive directors are excluded from this roster.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Alex Dorsch | Managing Director and Chief Executive Officer | Chief Executive · Executive Director | 2018-11-13 | Chalice Mining Annual Report 2026 (year ended 30 June 2026) |
| Chris MacKinnon | Chief Financial Officer · Joint Company Secretary | Finance · Company Secretary | 2020-07-01 | Chalice Mining Annual Report 2026 (year ended 30 June 2026) |
| Paul De Ponte | Gonneville Project Director | Operations | 2026-07-01 | Chalice Mining Annual Report 2026 (year ended 30 June 2026) · September 2026 Quarterly Activities and Cashflow Report |
| Tim Langmead | General Manager Corporate Affairs | Senior Management | — | September 2026 Quarterly Activities and Cashflow Report |
| Leanne Stevens | Finance Manager · Joint Company Secretary | Company Secretary | 2025-02-20 | Chalice Mining Annual Report 2026 (year ended 30 June 2026) |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Gonneville PGM-Ni-Cu-Co Project (open-pit phase, two stages)
AU
PFS Developer100% ownedPlatinum Group MetalsNickelCopperCobalt
Pre-FID: definitive feasibility study (FS) underway (completion Q3 CY27); ERD/PER due Q4 CY26; FID targeted H1 CY28; first production targeted 2030.
- Study
- Pre-feasibility study (PFS), two-stage open-pit phases
- Post-tax NPV (study prices, attributable)
- A$1.0bd
- NPV restated at our deck (attributable)
- Locked
- IRR
- 2,300.0%s
- Initial capex (100%)
- A$820.0ms
- Capital intensity
- A$3,680,431/(koz/yr)d
- LoM AISC
- A$17,911,538/ts
- Mine life
- 23.0 yrss
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVA$1B8% discount
IRR21%Published return
Initial capexA$820MPublished capital estimate
Operating cost370USD/oz 3E AISC
PFS base case, real 2025 AUD, unleveraged, post-tax NPV8 and post-tax IRR, open-pit phase
Resources & reserves4
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | measured | 2.9 Mt | 3E 0.99+0.21+0.03 g/t (Pd, Pt, Au); Ni 0.21%; Cu 0.167%; Co 0.018% | Platinum Group Metals · Nickel · Copper · Cobalt | 2026-06-30 |
| Mineral Resource | indicated | 400 Mt | 3E 0.63+0.14+0.02 g/t; Ni 0.15%; Cu 0.087%; Co 0.015% | Platinum Group Metals · Nickel · Copper · Cobalt | 2026-06-30 |
| Mineral Resource | inferred | 250 Mt | 3E 0.63+0.14+0.02 g/t; Ni 0.14%; Cu 0.076%; Co 0.014% | Platinum Group Metals · Nickel · Copper · Cobalt | 2026-06-30 |
| Ore Reserve | proved and probable (open pit) | 260 Mt | 0.86 g/t 3E (Pd 0.68, Pt 0.15, Au 0.026); Ni 0.16%; Cu 0.098%; Co 0.017% | Platinum Group Metals · Nickel · Copper · Cobalt | 2026-06-30 |
Tenements1
Milestones5
- Lodge ERD (WA EPA) and PER (Commonwealth)
Pending · High materiality
- Eight-week full-flowsheet pilot plant commissioning (Nov 2026), results Q1 CY27
Pending · Medium materiality
- Offtake agreements executed (copper-PGM and nickel-cobalt concentrates)
Pending · High materiality
- Definitive Feasibility Study completed
Pending · High materiality
- Final Investment Decision (funding secured, major environmental approvals)
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| WA EP Act environmental review (PER level) and Commonwealth EPBC assessment (controlled action) | WA and Commonwealth | Required | — | Yes |
| Mining lease and miscellaneous licences for power and water corridors (Mining Act 1978) | WA | Required | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Pre-Feasibility Study, open-pit phase (two stages, 5 and 14 Mtpa) | PFS | Current | 2025-12-08 | Base case prices (Pd US$1,300/oz, Pt US$1,300/oz, Au US$2,900/oz, Ni US$18,750/t, Cu US$10,500/t, Co US$39,000/t, AUD/USD 0.65); post-tax NPV8 A$1.0bn, pre-tax A$1.4bn; development capex A$820m stage 1 and A$840m stage 2; AISC US$370/oz 3E. |
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Cash of A$44.7m plus listed investments of about A$8.2m covers roughly 7 quarters of current spending, including pre-FID study and approvals cost. It does not fund the A$1.66bn development capex; the funding package (ECA, sovereign debt, grants, byproduct streams, offtake-linked finance, strategic equity) is not yet committed. No borrowings; lease liabilities A$1.7m.
Capital structure
Ownership and dilution
- Ordinary shares
- 390.2M
- Fully diluted
- 398.1M
30 June 2026 count 389,499,731 (AR note 20) plus 662,808 shares issued to the employee trust on 7 July 2026 (AR note 28) and 355,675 performance-right exercises and 850 FY22-23 rights exercised later in the quarter, reaching 390,162,539 at 30 September 2026 (Sept quarterly p.20). Prior-year balance date 30 June 2025: 389,026,788 (AR note 20). Fully diluted count adds all performance and retention rights (7,942,116); options are excluded because all strikes exceed the valuation.
Security classes12
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Performance rights, FY2022-23 vested, unexercised (1,510) and retention rights vested (101,076) | Performance Right | 102.6K | — | — |
| Performance rights FY2024-25, measurement date 30 June 2027 | Performance Right | 3.2M | — | 2027-06-30 |
| Performance rights FY2025-26, vested, unexercised | Performance Right | 307.1K | — | — |
| Performance rights FY2025-26, measurement date 30 June 2028 | Performance Right | 1.2M | — | 2028-06-30 |
| Performance rights FY2026-27, measurement date 30 June 2027 | Performance Right | 1.5M | — | 2027-06-30 |
| Performance rights FY2026-27, measurement date 30 June 2029 | Performance Right | 1.7M | — | 2029-06-30 |
| Unlisted options, exercise A$2.05, expiring 28 October 2027 | Option | 600K | A$2.05 | 2027-10-28 |
| Unlisted options, exercise A$2.96, expiring 5 November 2028 | Option | 400K | A$2.96 | 2028-11-05 |
| Unlisted options, exercise A$1.72, expiring 13 May 2028 | Option | 250K | A$1.72 | 2028-05-13 |
| Unlisted options, exercise A$2.13, expiring 7 April 2029 | Option | 1.5M | A$2.13 | 2029-04-07 |
| Unlisted options, exercise A$2.60, expiring 26 August 2028 | Option | 4.4M | A$2.6 | 2028-08-26 |
| Unlisted options, exercise A$1.78, expiring 23 July 2029 | Option | 4.6M | A$1.78 | 2029-07-23 |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY2025 (actual)A | FY2026 (actual)A |
|---|---|---|---|---|
| Profit and loss | ||||
| Revenue (metal-level PFS offtake model at our deck) | AUDm | 0.0 | 0.0 | |
| Net loss after tax (reported) | AUDm | (24.2) | (26.2) | |
| Cash flow | ||||
| Operating cash flow (after tax) | AUDm | (17.8) | (21.2) | |
| Capex (investing) | AUDm | 0.2 | 0.1 | |
| Free cash flow | AUDm | (18.0) | (21.3) | |
| Balance sheet | ||||
| Cash and cash equivalents (30 June; FY2027-FY2028 before new funding) | AUDm | 70.8 | 51.4 | |
| Borrowings | AUDm | 0.0 | 0.0 | |
| Net debt / (net cash) | AUDm | (70.8) | (51.4) | |
| Per share | ||||
| Ordinary shares on issue (30 June) | m shares | 389.0 | 389.5 | |
| Basic loss per share (reported) | AUD/share | (0.06) | (0.07) | |
| Multiples and ratios | ||||
| P / E (x, current market cap) | x | (16.8) | (15.5) | |
| FCF yield (current market cap) | % | -4.4% | -5.3% | |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| First Production (Commencement Of Operations) | gonneville | 2030 | 2,030 | 2,030 year | Current |
| Stage 1 Throughput | gonneville | Years 1-4 of operation | 5 | 5 Mtpa | Current |
| Stage 2 Throughput | gonneville | Years 5-23 of operation | 13 | 14 Mtpa | Current |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Arrangements disclosed in the FY26 annual report and the September 2026 quarterly. No royalty, stream, offtake or joint-venture agreement is signed for Gonneville; byproduct stream, offtake-linked finance and strategic investment are under discussion and are not arrangements.
A$5m contingent payment to Chalice on commercial production at Nyanzaga; not in the Gonneville valuation except as a probability-weighted bridge item.
Other · Conditional- Counterparties
- Perseus Mining Limited (Nyanzaga Gold Project, Tanzania)
- Applies to
- Company-wide · Gold
- Economic direction
- Benefit
- Period
- From 2025-01-01; no end date stated
- Key terms
- Contingent payment on commercial production: 5,000,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sensitivity lab
Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Research has established a strong issuer-reported discovery-to-PFS and fundraising record under Alex Dorsch, a documented finance/governance career for Chris MacKinnon and Leanne Stevens, and relevant project-delivery experience for new Project Director Paul De Ponte. Dan Brearley departed Chalice on 19 December 2025 despite the selected roster still showing him current. Tim Langmead has directly relevant corporate-affairs experience; a same-name legal disclosure surfaced but cannot be attributed to him because its PDF and identity details could not be verified. Career, credential and personal adverse-record coverage remains incomplete, so the assessment is mixed/limited with low confidence.
Decision-relevant facts
Material summary
Alex Dorsch
Managing Director and Chief Executive Officer
Role FitAnalyst Inference · Medium materiality
Relevant executive experience and a major discovery-to-study record
Chalice reports Dorsch led the company from a junior explorer through the Gonneville discovery, feasibility and permitting stages, and participated in raising more than A$350 million. The company reports a completed PFS and a 17 Moz 3E resource, while construction remains unapproved and first production has not occurred. These are issuer-attributed management contributions and project milestones, not proof of personal causation or realized mine economics.
Individual involvement documented · The issuer directly attributes leadership and a role in fundraising to Dorsch; geological discovery was delivered by Chalice geologists and is not assigned solely to him.
Annual Report 2026 · Our Leadership, p. 6; Company Overview and Gonneville project status, pp. 8–14
GovernanceDocumented · Medium materiality
ABC apologized for a right-of-reply failure in Traditional Owner coverage
On 9 December 2022, the ABC acknowledged it failed to give Chalice a valid right of reply to certain claims in an article about Traditional Owner concerns and apologized to Chalice and CEO Alex Dorsch. The correction recited Chalice’s statement that it had an extensive Traditional Owner engagement program. The apology corrects the ABC’s process; it does not resolve the underlying community concerns or establish misconduct by Dorsch.
Role overlaps event; causation unproven · Dorsch was CEO and is named as an apology recipient; no personal wrongdoing or determination on the underlying heritage concerns is established.
Apology to Chalice Mining and Mr Alex Dorsch · ABC correction, lines 138–140
Annual Report 2026 · Community and stakeholder engagement, pp. 19–20
Evidence gaps · 5
- Exact dates and delivered outcomes for BHP, McKinsey and upstream oil and gas roles are not established in the sources reviewed.
- University confirmation of qualifications and comprehensive professional membership or sanctions checks were not completed.
- No full court, ASIC, sanctions, criminal-record, or person-specific regulator-register check was performed.
- The ABC apology corrected a right-of-reply failure but does not resolve the underlying Traditional Owner concerns; later independent consultation evidence was not independently assessed.
- No benchmarked shareholder-return attribution or independent audit of the issuer’s project and fundraising contribution claims was completed.
Chris MacKinnon
Chief Financial Officer; Joint Company Secretary
Role FitAnalyst Inference · Medium materiality
Accountant and lawyer with resource-sector corporate finance experience
Chalice reports MacKinnon’s progression from Business Development and Legal Manager (joined July 2020) to CFO in March 2023 and joint company secretary in February 2025. His earlier work included corporate finance and legal positions in energy and resources, investment banking and private legal practice. No independent employer-date verification was completed.
Individual involvement documented · Appointment releases directly establish his role progression; prior employer details are issuer biographies.
Annual Report 2026 · Our Leadership, p. 7
Executive Leadership Team Appointments · Executive Leadership Team Appointments, pp. 1–2
Appointment of Joint Company Secretaries · Appointment of Joint Company Secretaries, p. 1
Evidence gaps · 5
- Prior employer dates and full legal practice identity remain unspecified.
- CPA membership status and academic credentials have not been independently verified.
- The safety disclosure does not allocate responsibility to the CFO; no person-specific safety or environment check is exhaustive.
- Person-specific ASIC, court, sanctions, criminal-record and professional-disciplinary checks were not completed.
- No independent review of the company’s reported financial and project outcomes attributable to the CFO was conducted.
Leanne Stevens
Joint Company Secretary
Role FitAnalyst Inference · Medium materiality
Long-tenured finance and governance professional
Chalice reports Stevens joined in April 2010 as Finance Manager and became Joint Company Secretary in February 2025. The 2025 ASX appointment release says she has over 20 years of financial accounting and over 12 years of company-secretarial experience. A 2016 Liontown annual report also identifies her as Chalice company secretary.
Individual involvement documented · Issuer appointment and annual-report disclosures directly identify her roles; earlier career employers and complete dates remain unverified.
Annual Report 2026 · Directors’ Report, p. 65
Appointment of Joint Company Secretaries · Appointment of Joint Company Secretaries, p. 1
Annual Report 2016 · Directors’ Report, p. 28
Evidence gaps · 4
- The name-only docket lead could not be checked against a court registry or associated with this executive; official court, jurisdiction, pleadings and disposition are unavailable in the indexed page.
- Prior employers, exact education dates and complete concurrent directorship or company-secretary history are incomplete.
- The person-specific fraud, regulator, criminal, sanctions and professional-disciplinary search is not exhaustive.
- Professional membership status and degree were not independently verified.
Dan Brearley
Former Chief Operating Officer
Role FitAnalyst Inference · Medium materiality
Project-delivery background; Chalice tenure ended in December 2025
Chalice appointed Brearley COO effective 3 March 2025 to lead Gonneville studies and development. Its 2026 annual report says he ceased KMP on 19 December 2025. Felix Gold’s 4 February 2026 ASX release states he commenced as VP Development & Operations on 16 February 2026, reports his prior Evolution, Barrick and Newcrest project work, and identifies civil-engineering qualifications from the University of Southern Queensland.
Individual involvement documented · Appointment and cessation dates are directly documented; previous-project contributions are issuer-attributed by Chalice and Felix Gold. No cause for his Chalice departure is stated in the reviewed reports.
Chalice Appoints Dan Brearley as Chief Operating Officer · Appointment announcement, p. 1
Annual Report 2026 · Directors’ Report, p. 65; KMP chronology p. 60
Senior Executive Appointments · Senior Executive Appointments, pp. 1–2
Evidence gaps · 4
- No reason for the 19 December 2025 cessation was established in the annual report reviewed.
- Dates for Evolution, Barrick and Newcrest roles and project-specific delivery benchmarks remain incomplete.
- No targeted employer-specific legal, safety or environmental regulator records were reviewed for past projects.
- No exhaustive court, regulator, sanctions, criminal-record or professional-register check was performed.
Paul De Ponte
Gonneville Project Director
Role FitAnalyst Inference · Medium materiality
Major-project and operational-readiness experience
Chalice reports more than 25 years in mining and heavy industry and prior leadership roles at Rio Tinto and CleanTeQ, including Cape Lambert Port and operational readiness/approvals. In its 2026 appointment announcement, Chalice says he led operational readiness and ramp-up of the A$2.5bn Cape Lambert Port Expansion, delivered ahead of schedule and under budget. This is an issuer-reported prior-project result, not independently benchmarked.
Individual involvement documented · The appointment issuer explicitly attributes the Cape Lambert leadership and result to De Ponte; exact employment dates and independent project verification are absent.
Annual Report 2026 · Our Leadership, p. 7
Paul De Ponte appointment announcement (issuer post) · Chalice appointment post, lines 27–30
Evidence gaps · 4
- Exact dates, outcomes and individual responsibilities across Rio Tinto and CleanTeQ roles remain incomplete.
- Project Director tenure is recent at cutoff, with no Gonneville delivery outcome yet attributable to him.
- Education and professional standing were not independently verified.
- Person-specific court, regulator, safety, environmental and governance-register checks were not exhaustive.
Tim Langmead
General Manager Corporate Affairs
Role FitAnalyst Inference · Medium materiality
Government-relations and approvals background fits corporate affairs
Chalice announced Langmead’s 1 September 2026 start, citing senior roles at Beach Energy and Fortescue and experience in government relations, regulatory approvals and stakeholder engagement. Fortescue’s 2018 report documents his progression from Group Manager Corporate Affairs (January 2013) to Director External Relations (January 2014) and later Director Community, Environment and Government. The precise Beach Energy tenure and pre-Fortescue employer dates are not established here.
Individual involvement documented · The disclosed appointments and role progression directly identify him; no specific project approval result was attributed to him in the sources reviewed.
Tim Langmead appointment announcement (issuer post) · Issuer appointment post, lines 34–37
Fortescue Annual Report 2018 · Leadership biographies, p. 19
LegalAlleged · Medium materiality
Same-name fraud and contract dispute remains an unverified lead
A search surfaced an HKEX-indexed 2026 disclosure snippet describing a Camper & Nicholsons International claim against “Tim Langmead” for fraud and service-agreement breach, followed by a €435,000 settlement agreement dated 4 February and a final arbitral award dated 7 April 2026. The HKEX PDF could not be opened in this review. A January 2024 Camper & Nicholsons yacht-sales catalogue lists a Tim Langmead as a broker and supplies a company email; Fortescue and Chalice records identify a separate career profile in Australian resources and government affairs, but no source directly establishes or excludes identity overlap. Do not treat the claim as proven or attribute it to the Chalice executive.
Responsibility unresolved · Identity cannot be resolved from the inaccessible disclosure and secondary-index extracts. A settlement and award are not proof of fraud; no admission or terms were reviewed.
Central Agency Listings, January 2024 · January 2024 company catalogue, p. 13, Tim Langmead broker contact
Fortescue Annual Report 2018 · Leadership biographies, p. 19
Evidence gaps · 4
- The HKEX disclosure letter, referenced settlement and final arbitral award could not be opened; the alleged party’s full identity, employer, case reference, terms, any admission, and disposition are not independently verified.
- The identical-name yacht-broker record has no direct identifier tying it to or separating it from the Australian corporate-affairs executive; exact-name continuity alone is inadequate.
- Beach Energy tenure dates, earlier corporate-affairs employer names and education or professional memberships are not established.
- No comprehensive court, sanctions, criminal, regulator or professional-body register check was performed.
Ben Goldbloom
General Manager Corporate Development
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- Specific prior employers, qualifications, membership status, dates and transaction contributions were not established from primary sources read.
- The 2025 company presentation surfaced in search but could not be opened; no claims from it were relied on.
- No attributable capital-markets or transaction outcome analysis was completed.
- Person-specific adverse-record, safety, environmental, litigation, sanctions and regulator checks are incomplete.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-14 · 390,162,539 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 13.78% | 53,771,244 | |
| 2 | 12.67% | 49,438,001 | |
| 3 | 10.81% | 42,179,911 | |
| 4 | 4.36% | 17,014,990 | |
| 5 | 2.95% | 11,497,195 | |
| 6 | 2.03% | 7,906,612 | |
| 7 | 1.92% | 7,500,000 | |
| 8 | 1.63% | 6,362,409 | |
| 9 | 1.62% | 6,306,791 | |
| 10 | 1.61% | 6,284,286 | |
| 11 | 0.78% | 3,048,118 | |
| 12 | 0.70% | 2,724,800 | |
| 13 | 0.69% | 2,675,699 | |
| 14 | 0.63% | 2,449,447 | |
| 15 | 0.61% | 2,383,010 | |
| 16 | 0.46% | 1,796,960 | |
| 17 | 0.41% | 1,603,143 | |
| 18 | 0.33% | 1,300,000 | |
| 19 | 0.28% | 1,100,474 | |
| 20 | 0.28% | 1,100,000 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 6.35%Voting power | 2026-09-14 | |
| 6.15%Voting power | 2026-09-14 | |
| 5.01%Voting power | 2026-09-14 | |
| 5.01%Voting power | 2026-09-21 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The annual report lists the top twenty registered ordinary-share accounts but does not identify beneficial owners behind nominees. The substantial-holder group quantities are separate from and may overlap those accounts.
- The local source cache contains no later substantial-holder notice after Vanguard’s filing dated 25 September 2026; events after the cache cutoff could be unreflected.
Sources
- Annual Report to Shareholders
Chalice Mining Limited / ASX · Published 2026-09-29 · Accessed 2026-10-09
Reports 390,162,539 fully paid ordinary shares, substantial-holder notices and the top-twenty registered accounts; the additional information is applicable at 14 September 2026.
PDF pages 126 (printed page 124) and 128 (printed page 126), Additional information applicable as at 14 September 2026 / Twenty Largest Ordinary Fully Paid Shareholders
- Becoming a substantial holder
State Street Corporation and affiliates / ASX · Published 2026-09-16 · Accessed 2026-10-09
State Street Corporation and named affiliates reported 19,558,003 ordinary shares and 5.01% voting power as at 14 September 2026.
PDF page 1, Form 603 and voting power
- Becoming a substantial holder
Vanguard Group / ASX · Published 2026-09-25 · Accessed 2026-10-09
The Vanguard Group reported 19,535,721 ordinary shares and 5.007% voting power as at 21 September 2026.
PDF pages 1-2, Form 603
Disclosed activity
Insider transactions
Trading activity8 buys · 1 sell shownNet cash last 12 months −A$3.4mShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-01-20 | Alexander Carl DorschLunar Co Pty Ltd as trustee for The H & A Dorsch Family Trust
Details & evidence for Alexander Carl Dorsch on 2026-01-20Cash amount calculated as disclosed quantity multiplied by disclosed per-share consideration. As disclosed: Off-market block trade disposing of 1,500,000 fully paid ordinary shares at $2.30 per share. Shares held through Lunar Co Pty Ltd as trustee for The H & A Dorsch Family Trust; notice describes tax and margin-loan obligations.
Lunar Co Pty Ltd as trustee for The H & A Dorsch Family Trust · beneficiary of trust and director of trustee Change of Director's Interest Notice - A Dorsch ↗ Change of Director's Interest Notice - A Dorsch ↗ Change of Director's Interest Notice - A Dorsch ↗ | SaleFully paid ordinary shares | 1,500,000 | AUD 3,450,000.00 | AUD 2.3Disclosed price | 2,478,064 |
| 2025-12-10 | Richard HackerBNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund
Details & evidence for Richard Hacker on 2025-12-10Consideration excludes brokerage; calculated average uses disclosed cash and quantity. As disclosed: On-market acquisition of 59,862 fully paid ordinary shares through the Emerald Superannuation Fund for $99,566.34.
BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund · member of superannuation fund Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No. 2 · beneficiary of trust and director of trustee Scythe Investments Pty Ltd as trustee for the Hacker Family Trust · beneficiary of trust and director of trustee Change of Director's Interest Notice - R Hacker ↗ Change of Director's Interest Notice - R Hacker ↗ Change of Director's Interest Notice - R Hacker ↗ | PurchaseFully paid ordinary shares | 59,862 | AUD 99,566.34 | AUD 1.663265Calculated average | 477,893 |
| 2025-11-20 | Derek Noel La FerlaAPG Pty Ltd as trustee for Benessere Superannuation Fund
Details & evidence for Derek Noel La Ferla on 2025-11-20Vesting date 26 August 2027; expiry date 26 August 2028. As disclosed: Issue of 300,000 unlisted options following shareholder approval at the 20 November 2025 AGM; nil cash consideration.
APG Pty Ltd as trustee for Benessere Superannuation Fund · beneficiary of fund and director of trustee Change of Director's Interest Notice - D La Ferla ↗ Change of Director's Interest Notice - D La Ferla ↗ | GrantUnlisted options, exercise price AUD 2.60, vest 2027-08-26 and expire 2028-08-26 | 300,000 | —Non Cash | — | 300,000 |
| 2025-02-21 | Richard HackerBNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund
Details & evidence for Richard Hacker on 2025-02-21Consideration excludes brokerage; calculated average uses disclosed cash and quantity. As disclosed: On-market acquisition of 68,031 fully paid ordinary shares through the Emerald Superannuation Fund for $100,332.08, excluding brokerage.
BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund · member of superannuation fund Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No. 2 · beneficiary of trust and director of trustee Scythe Investments Pty Ltd as trustee for the Hacker Family Trust · beneficiary of trust and director of trustee Change of Director's Interest Notice - R Hacker ↗ Change of Director's Interest Notice - R Hacker ↗ Change of Director's Interest Notice - R Hacker ↗ | PurchaseFully paid ordinary shares | 68,031 | AUD 100,332.08 | AUD 1.474799Calculated average | 418,031 |
| 2023-09-08 | Morgan Scott BallMachaza Pty Ltd as trustee for M & L Ball Family Trust
Details & evidence for Morgan Scott Ball on 2023-09-08Mr Ball is beneficiary of the family trust and director of its trustee. As disclosed: On-market acquisition of 3,500 fully paid ordinary shares through Machaza Pty Ltd as trustee for M & L Ball Family Trust for $11,025.
Machaza Pty Ltd as trustee for M & L Ball Family Trust · beneficiary of trust and director of trustee Change of Director's Interest Notice - M Ball ↗ Change of Director's Interest Notice - M Ball ↗ | PurchaseFully paid ordinary shares | 3,500 | AUD 11,025.00 | AUD 3.15Disclosed price | 326,711 |
| 2023-06-19 | Garret John DixonGalair Pty Ltd as trustee for Bunburra Trust
Details & evidence for Garret John Dixon on 2023-06-19Shares held by Galair Pty Ltd as trustee for Bunburra Trust; Mr Dixon is beneficiary. As disclosed: Acquisition of 2,739 fully paid ordinary shares at $7.30 per share by participating in Chalice Mining Limited’s Share Purchase Plan; filing reports $20,000 consideration.
Galair Pty Ltd as trustee for Bunburra Trust · beneficiary of trust Change of Director's Interest Notice - G Dixon ↗ | SubscriptionFully paid ordinary shares | 2,739 | AUD 20,000.00 | AUD 7.3Disclosed price | 152,739 |
| 2023-06-19 | Linda Jayne KenyonLinda Jayne Kenyon
Details & evidence for Linda Jayne Kenyon on 2023-06-19As disclosed: Acquisition of 1,369 fully paid ordinary shares at $7.30 per share by participating in Chalice Mining Limited’s Share Purchase Plan; filing reports $10,000 consideration.
Change of Director's Interest Notice - L Kenyon ↗ | SubscriptionFully paid ordinary shares | 1,369 | AUD 10,000.00 | AUD 7.3Disclosed price | 8,369 |
| 2023-06-19 | Stephen Michael McIntoshStephen Michael McIntosh
Details & evidence for Stephen Michael McIntosh on 2023-06-19As disclosed: Acquisition of 4,109 fully paid ordinary shares at $7.30 per share by participating in Chalice Mining Limited’s Share Purchase Plan; filing reports $30,000 consideration.
Change of Director's Interest Notice - S McIntosh ↗ | SubscriptionFully paid ordinary shares | 4,109 | AUD 30,000.00 | AUD 7.3Disclosed price | 37,558 |
| 2023-06-19 | Derek Noel La FerlaAPG Pty Ltd as trustee for Benessere Superannuation Fund
Details & evidence for Derek Noel La Ferla on 2023-06-19Shares held by APG Pty Ltd as trustee for Benessere Superannuation Fund. As disclosed: Acquisition of 4,109 fully paid ordinary shares at $7.30 per share by participating in Chalice Mining Limited’s Share Purchase Plan; filing reports $30,000 consideration.
APG Pty Ltd as trustee for Benessere Superannuation Fund · beneficiary of fund and director of trustee Change of Director's Interest Notice - D La Ferla ↗ | SubscriptionFully paid ordinary shares | 4,109 | AUD 30,000.00 | AUD 7.3Disclosed price | 24,961 |
| 2023-06-19 | Alexander Carl DorschLunar Co Pty Ltd as trustee for The H & A Dorsch Family Trust
Details & evidence for Alexander Carl Dorsch on 2023-06-19Shares held by Lunar Co Pty Ltd as trustee for The H & A Dorsch Family Trust. As disclosed: Acquisition of 4,109 fully paid ordinary shares at $7.30 per share by participating in Chalice Mining Limited’s Share Purchase Plan; filing reports $30,000 consideration.
Lunar Co Pty Ltd as trustee for The H & A Dorsch Family Trust · beneficiary of trust and director of trustee Change of Director's Interest Notice - A Dorsch ↗ | SubscriptionFully paid ordinary shares | 4,109 | AUD 30,000.00 | AUD 7.3Disclosed price | 5,726,281 |
| 2023-01-16 | Garret John DixonNetwealth Investments Limited <Wrap Services A/C>
Details & evidence for Garret John Dixon on 2023-01-16Custody transfer only; not a purchase or sale. As disclosed: 150,000 fully paid ordinary shares transferred from Galair Pty Ltd as trustee for the Bunburra Trust to Netwealth Investments Limited as operator/custodian for the same trust; no consideration and no change in beneficial ownership.
Galair Pty Ltd as trustee for Bunburra Trust · beneficiary of trust Change of Director's Interest Notice - G Dixon ↗ Change of Director's Interest Notice - G Dixon ↗ | Transfer InFully paid ordinary shares | 150,000 | —Non Cash | — | 150,000 |
Disclosed holding observations8 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2024-11-21 | Richard Hacker
Details & evidence for Richard Hacker on 2024-11-21Initial director interests at appointment; fund membership disclosed.
BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund · member of superannuation fund Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No. 2 · beneficiary of trust and director of trustee Scythe Investments Pty Ltd as trustee for the Hacker Family Trust · beneficiary of trust and director of trustee Initial Director's Interest Notice - R Hacker ↗ | InitialFully paid ordinary shares | 350,000 | — |
| 2024-11-21 | Richard Hacker
Details & evidence for Richard Hacker on 2024-11-21
BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund · member of superannuation fund Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No. 2 · beneficiary of trust and director of trustee Scythe Investments Pty Ltd as trustee for the Hacker Family Trust · beneficiary of trust and director of trustee Initial Director's Interest Notice - R Hacker ↗ | InitialPerformance Rights, vested, expire 2026-06-30 | 6,880 | — |
| 2024-11-21 | Richard Hacker
Details & evidence for Richard Hacker on 2024-11-21
BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund · member of superannuation fund Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No. 2 · beneficiary of trust and director of trustee Scythe Investments Pty Ltd as trustee for the Hacker Family Trust · beneficiary of trust and director of trustee Initial Director's Interest Notice - R Hacker ↗ | InitialPerformance Rights, vest 2025-06-30, expire 2027-06-30 | 86,997 | — |
| 2024-11-21 | Richard Hacker
Details & evidence for Richard Hacker on 2024-11-21
BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund · member of superannuation fund Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No. 2 · beneficiary of trust and director of trustee Scythe Investments Pty Ltd as trustee for the Hacker Family Trust · beneficiary of trust and director of trustee Initial Director's Interest Notice - R Hacker ↗ | InitialPerformance Rights, vest 2026-06-30, expire 2028-06-30 | 51,745 | — |
| 2024-11-21 | Richard Hacker
Details & evidence for Richard Hacker on 2024-11-21
BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund · member of superannuation fund Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No. 2 · beneficiary of trust and director of trustee Scythe Investments Pty Ltd as trustee for the Hacker Family Trust · beneficiary of trust and director of trustee Initial Director's Interest Notice - R Hacker ↗ | InitialRetention Rights, vest 2025-12-31 | 80,128 | — |
| 2024-11-21 | Richard Hacker
Details & evidence for Richard Hacker on 2024-11-21Initial director interests at appointment; beneficiary and trustee-director relationship disclosed.
BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> for Emerald Superannuation Fund · member of superannuation fund Scythe Investments Pty Ltd as trustee for the Hacker Family Trust No. 2 · beneficiary of trust and director of trustee Scythe Investments Pty Ltd as trustee for the Hacker Family Trust · beneficiary of trust and director of trustee Initial Director's Interest Notice - R Hacker ↗ | InitialFully paid ordinary shares | 871,275 | — |
| 2024-03-31 | Morgan Scott Ball
Details & evidence for Morgan Scott Ball on 2024-03-31
Machaza Pty Ltd as trustee for M & L Ball Family Trust · beneficiary of trust and director of trustee Final Director's Interest Notice - M Ball ↗ | FinalFully paid ordinary shares | 31,605 | — |
| 2024-03-31 | Morgan Scott Ball
Details & evidence for Morgan Scott Ball on 2024-03-31Machaza Pty Ltd is trustee; Mr Ball is beneficiary and director of trustee.
Machaza Pty Ltd as trustee for M & L Ball Family Trust · beneficiary of trust and director of trustee Final Director's Interest Notice - M Ball ↗ | FinalFully paid ordinary shares | 326,711 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory10 documents
CHN closing price 4 November 2026 (local ASX close, reference_price command)Market Data · MediumExtracted
Latest eligible local ASX close for CHN on the cutoff date from the reference_price command (miners/asx_mining_companies.db, market data provider feed). Open 1.015, high 1.075, low 1.005, close 1.04, volume 2,000,289.
- Document ID
- chn-ref-price-2026-11-04
- Published UTC
- 2026-11-04T05:00:00Z
- Projects
- —
- Commodities
- —
Commodity spot and trailing averages to 3 November 2026 (metal_prices.db via market_snapshot)Commodity Data · HighExtracted
Spot on 3 November 2026 from the market data provider futures series in data/metal_prices.db: palladium US$930/oz (3-year average US$1,170, 5-year average US$1,413), platinum US$1,432/oz, gold US$3,940/oz, copper US$14,062/t (3-year average US$10,921). AUD/USD 0.7024 (1 / 1.4236). No nickel or cobalt daily spot in the database.
- Document ID
- chn-commodity-spot-2026-11-03
- Published UTC
- 2026-11-03T06:00:00Z
- Projects
- gonneville
- Commodities
- platinum_group_metals · copper · nickel
Local management assessment (management/CHN/summary.md and background-check.json)Leadership · MediumExtracted
Local management assessment: issuer-reported discovery-to-PFS and fundraising record under the MD&CEO; finance and governance continuity; new Project Director with project delivery experience; a former executive (Brearley) departed 19 December 2025; background checks incomplete, assessment mixed with low confidence (score 53/100). Used as an input only; not an issuer statement.
- Document ID
- chn-mgmt-summary
- Published UTC
- 2026-11-03T22:00:00Z
- Projects
- —
- Commodities
- —
Insider dealings for CHN (insider_transactions show, local database)Governance · LowExtracted
Local insider-transactions database for CHN (listing of director and KMP event types: grant, purchase, sale, subscription, transfer_in; securities include fully paid shares, performance rights, retention rights and options). The dealings themselves are not re-read in this run; the report cites the database only as a register of event types.
- Document ID
- chn-insider-dealings
- Published UTC
- 2026-11-02T00:00:00Z
- Projects
- —
- Commodities
- —
September 2026 Quarterly Activities and Cashflow ReportCorporate Action · HighExtracted
Quarterly: cash A$44.7m and listed investments about A$8.2m at 30 September 2026; pre-FEED approvals, pilot plant, FS on track for Q3 CY27, FID targeted H1 CY28, byproduct stream and offtake funding process; Nyanzaga A$5m contingent payment expected early CY27.
- Document ID
- chn-q-sep-2026
- Published UTC
- 2026-10-26T22:54:00Z
- Projects
- gonneville
- Commodities
- platinum_group_metals · nickel · copper
LME nickel reference prices, August to October 2026 (outside research, Cbonds and cnyes)Commodity Data · MediumPartial
Outside reference (search snippets only, not a verified page): LME nickel spot US$16,720/t on 12 August 2026 (Cbonds) and a 27-month contract about US$16,920/t on 16 October 2026 (cnyes). No daily nickel spot at the 4 November 2026 cutoff was available in the local database. Used only to place the base-case long-run nickel price against the study price.
- Document ID
- chn-nickel-outside-2026
- Published UTC
- 2026-10-16T00:00:00Z
- Projects
- gonneville
- Commodities
- nickel
Chalice strengthens Board with key appointments (12 October 2026)Governance · MediumExtracted
Board renewal: Ross Carroll (independent Chair from AGM 20 November 2026), Gerard Rheinberger (independent NED), Soolim Carney (NED, not independent); Derek La Ferla retires at AGM; sign-on options proposed.
- Document ID
- chn-board-2026-10
- Published UTC
- 2026-10-11T13:00:00Z
- Projects
- gonneville
- Commodities
- —
Chalice Mining Annual Report 2026 (year ended 30 June 2026)Results · HighExtracted
FY26 annual report: pre-production developer. Audited statements, Gonneville JORC resource and reserve tables (pp.53-54), the Board and executive roster and the 30 June 2026 cash, share and lease balances.
- Document ID
- chn-ar-fy26
- Published UTC
- 2026-09-28T23:00:00Z
- Projects
- —
- Commodities
- gold
Top-20 register and substantial holders (ownership/CHN/investors.json, as at 14 September 2026)Governance · LowExtracted
Top-20 ordinary register at 14 September 2026 on 390,162,539 shares: Citicorp Nominees 13.78%, HSBC Custody 12.67%, J P Morgan Nominees 10.81%, BNP Paribas 4.36%; nominee custodians hold about 37% of the register.
- Document ID
- chn-ownership-register
- Published UTC
- 2026-09-13T14:00:00Z
- Projects
- —
- Commodities
- —
Gonneville Palladium-Nickel-Copper Project Pre-Feasibility Study (8 December 2025)Study · HighExtracted
Pre-Feasibility Study for the 100%-owned Gonneville PGM-Ni-Cu-Co open-pit project: 23-year open-pit phase, two stages, base case prices, development capex and sustaining schedule, physicals by year, offtake assumptions, sensitivity table and Ore Reserve.
- Document ID
- chn-pfs-2025
- Published UTC
- 2025-12-07T22:00:00Z
- Projects
- gonneville
- Commodities
- platinum_group_metals · nickel · copper · cobalt
Evidence facts17
51439000 AUD
2026-06-30-26189000 AUD
2026-06-30-21221000 AUD
2026-06-30389499731 shares
2026-06-301.0 AUD bn
2025-12-081.4 AUD bn
2025-12-08820 AUD m
2025-12-0844706000 AUD
2026-09-30390162539 shares
2026-09-308200000 AUD
2026-09-30None None
2026-10-121.04 AUD/share
2026-11-04930 USD/oz
2026-11-0314062.19 USD/t
2026-11-031432.4 USD/oz
2026-11-0316720 USD/t
2026-08-1237.26 pct
2026-09-14