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Chalice Mining is progressing with the Gonneville Project in Western Australia, where the preliminary feasibility study is set to conclude by December 2025. The project is strategically significant due to its palladium, nickel, and copper resources, essential for decarbonization.

Key milestones include obtaining regulatory approvals by early 2028 and a final investment decision planned for 2029. The development strategy involves open-pit mining and processing infrastructure to establish a competitive operation.

Market discussions around government support for Western projects may further stabilize the nickel market. A quarterly report due on March 16 will clarify the company's financial status and operational preparations ahead of the planned 2028 approvals.