Key Highlights

  • Chalice Mining shares rose 9.00% to $1.030 in the 3 November 2026 trading session, while the S&P/ASX 200 gained 0.14%.
  • The company's announcement, dated 2 November 2026, reports first drilling at the Kestrel prospect at Warrego North.
  • The discovery hole returned 15 metres at 8.6 grams per tonne gold and 0.54% copper from 78 metres.

During the Trading session on 3 November 2026, Chalice Mining Ltd (ASX:CHN) shares rose 9.00% to $1.030. The S&P/ASX 200 (ASX:XJO) was up 0.14%, or 12.50 points, at 8,869.00 at 2:42 pm (GMT+11) on the same day. Chalice Mining holds the Warrego North Project in the Tennant Creek Mineral Field, Northern Territory. Its ASX announcement, dated 2 November 2026, reports first drilling at the Kestrel prospect.

Discovery hole

The company describes Kestrel as a shallow, high-grade, greenfield copper-gold discovery. The discovery hole returned 15 metres at 8.6 grams per tonne gold and 0.54% copper from 78 metres, including 2 metres at 56.7 grams per tonne gold and 0.88% copper from 81 metres.

Wider zone

Subsequent wide-spaced holes indicate a copper-gold zone over about 500 metres of strike and to a depth of about 140 metres. Hole WCRC002 returned 27 metres at 0.57% copper from 120 metres, and WCRC010 returned 11 metres at 0.84% copper from 80 metres.

Location

Kestrel is about 20 kilometres from the historic Warrego mine.

Sector context

The S&P/ASX 200 gained 0.14% during the session. The announcement describes the Tennant Creek region in terms of its own exploration history.

Risks

Early drilling results are preliminary, and the wide-spaced holes do not define the size or continuity of the zone. Grades vary widely between holes, and the company will need further drilling to establish a resource.

What lies ahead

Further drilling at Kestrel is needed to define the zone and test its strike potential.

Final Word

The announcement reports first drilling results at a new prospect.