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Chalice Increases Size of Project by 50%

Shares in Chalice Mining are set to surge, as the company announced an upgrade to its estimated green metals mineral project by 50% this week.

The resources contain a potent mix of many key minerals, including battery metals required for EVs and the electrification of the global economy.

Chalice Mining (ASX:CHN) says it will now launch a formal process to secure a strategic partnership as it continues to receive interest in the company’s now famed Julimar Nickel-Copper-Platinum Group Element Project.

The massive CHN Gonneville deposit project, first announced in March 2020, is one of the biggest of its type in the world.

The company now needs outside partners to come to the party and start exploiting the huge deposit.

Chalice is now seeking partners “with complementary technical, marketing, and financial capability may assist with the development of Gonneville and influence the optimal development strategy to maximise shareholder value,” Mining News reported.

Shares in the company are up 4,300% since 2020 and last traded at just on $7 on the ASX.

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