Chalice Mining picks a month to release | Australian Markets

A make-or-break research into Chalice Mining’s combined metals development on farmland close to Toodyay will likely be launched in three months time, the company’s boss has declared.

Alex Dorsch narrowed the anticipated timeframe for the long-awaited pre-feasibility research into the Gonneville palladium-nickel-copper project to be unveiled.

“Effectively, November it (the PFS) is going to be released,” he stated on Wednesday at Diggers & Dealers.

“The critical path there at the moment is we had to bring magnetite into our resource estimate.”

Chalice has joined forces with Japanese conglomerate Mitsubishi to work on the PFS.

Once the PFS is accomplished, Mitsubishi is set to resolve whether or not or not it needs to lock in a binding partnership with Chalice to develop the billion-dollar mine.

Mr Dorsch on Wednesday additionally lobbied for platinum group metals to be included within the Federal Government’s $1.2 billion important minerals strategic reserve.

“The benefit of PGMS is there’s very, very small volumes to store. You don’t need much,” Mr Dorsch stated.

“You probably need the size of this table (a 1.5 metre by 1 metre table) to store a significant quantity of strategic reserves for the country.

“I think if they could do that alongside some other Western nations, obviously, that would be the smart way to do it.”

Mr Dorsch expressed “surprise” the Albanese Government had opted to set up the $1.2b stockpile.

He stated the “simple thing” could be to make approvals “more rapid” and set up more infrastructure close to mining initiatives.