Highlights

  • Chalice Mining (ASX:CHN) has released its September 2026 Quarterly Cashflow Report, reflecting the company's continued Investment in the Gonneville palladium-nickel-copper project and associated exploration activities.
  • The company's exploration portfolio remains active across multiple projects in Western Australia, South Australia, and the Northern Territory, including Warrego North and the Deep Blue copper-rare earth target.
  • Drilling programs have been initiated or are planned across several high-priority targets, including the Callabonna Joint Venture in South Australia.
  • Chalice continues to advance the Gonneville Project toward a Final Investment Decision, following completion of a Pre-Feasibility Study in late 2025.

Chalice Mining Limited (ASX:CHN) has published its September 2026 Quarterly Cashflow Report, providing investors with a detailed view of the company's expenditure across its flagship Gonneville palladium-nickel-copper-cobalt project and its expanding portfolio of exploration programs. The report covers a period of active investment in both pre-development activities and multi-project drilling campaigns.

Gonneville Pre-Feasibility and Development Progress

The Gonneville Project in Western Australia remains the primary focus of Chalice Mining's development investment. Following completion of a Pre-Feasibility Study in December 2025, which followed several years of substantial geological and engineering work, the company is advancing toward a Final Investment Decision expected around 2028. The Gonneville Project is described by the company as globally significant in scale and is expected to be one of the lowest-cost primary palladium producers once in operation.

During the September quarter, Chalice continued investing in pre-development activities at Gonneville, including detailed engineering, environmental assessment, and offtake discussions. The company has also secured strategic advisory support through its Partnership with Odin Partnership Limited, and has been in dialogue with potential development partners. Mitsubishi Corporation was noted as a party involved in a memorandum of understanding regarding the project, reflecting international interest in the critical minerals asset.

Active Exploration Across Three Australian Jurisdictions

Beyond Gonneville, Chalice Mining pursued an active multi-project exploration program during the quarter. The company has identified eight new exploration targets across Western Australia, South Australia, and the Northern Territory, with drilling initiated or planned across several of these projects in the second half of 2026.

At the Deep Blue target in Western Australia, early drilling intersected broad copper zones, opening up a prospective belt of approximately 30 kilometres in length. This is a material new development for the company's exploration portfolio. In the Northern Territory, drilling at the Warrego North Iron Oxide Copper-Gold Project commenced following access agreement execution with the Central Land Council. Four multi-kilometre scale, previously untested IOCG targets are being drilled at Warrego North. In South Australia, the Callabonna Joint Venture program is also underway, adding a further dimension to the company's exploration pipeline.

Cashflow Position and Operational Expenditure

Chalice Mining maintained a position of meaningful Liquidity through the September quarter, with cash and listed investments of approximately A$59 million as reported at 30 June 2026. The quarterly cashflow reflects disciplined deployment of Capital across pre-development and exploration activities, with the company balancing the demands of advancing Gonneville toward investment decision while simultaneously expanding its exploration portfolio.

The company's capital allocation strategy is designed to preserve optionality across both development and exploration activities. By advancing Gonneville through pre-development while simultaneously drilling several high-priority exploration targets, Chalice Mining is managing a portfolio approach that could deliver multiple value catalysts over the coming periods. The company's ASX and OTCQB listings provide access to both Australian and international investor bases.

Key Takeaways

Chalice Mining's September 2026 Quarterly Cashflow Report reflects a company in an active phase of capital deployment across its development and exploration activities. The Gonneville Project remains on a structured path toward a Final Investment Decision, while the company's exploration programs at Deep Blue, Warrego North, and Callabonna add meaningful optionality to the investment case. Upcoming drilling results and Gonneville development milestones will be key areas of market focus in the periods ahead.