Whats Going On With Chalice Mining Limited And Boral Limiteds Shares?

Chalice Mining Limited (ASX: CHN) has unveiled a compelling chapter in its quest for sustainable mining with the release of a positive scoping study for the Gonneville Nickel-Copper-Platinum Group Element (PGE) Project in Western Australia. The scoping study heralds the emergence of a potential long-life, low-cost, and environmentally conscious green metals mine.

Source: Kapitales Research

Meanwhile, in another market development, Boral Limited (ASX: BLD) reports a notable share transaction involving Seven Group Holdings (ASX: SVW). In a block trade, Seven Group Holdings sold 11.1 million fully paid ordinary shares at $4.90 per share. This transaction, executed without disclosure to investors under Part 6D.2 of the Corporations Act, prompts Boral to notify its adherence to pertinent sections of the Act. Boral confirms its compliance with reporting and disclosure obligations as a disclosing entity and affirms the absence of any excluded information necessitating disclosure.

Chalice Mining's Gonneville Project Shows Promise in Scoping Study

Chalice Mining Limited has unveiled a positive scoping study for its Gonneville Nickel-Copper-Platinum Group Element (PGE) Project in Western Australia. The study outlines a new large-scale, low-cost, low-carbon green metals mine. The project, located on Chalice-owned farmland approximately 70 km north-east of Perth, is expected to yield strong financial returns and regional benefits. The study includes two open-pit development options and models a tier-1 production profile, projecting positive outcomes across a 15Mtpa and 30Mtpa scenario.

The project's strategic location close to Perth offers operational advantages with access to skilled labor, established infrastructure corridors, and straightforward logistics.

Chalice's CEO, Alex Dorsch, highlighted the project's alignment with global decarbonization and urbanization trends and its potential to address the dominance of critical metals supply by other countries. The project is set to undergo a Pre-Feasibility Study with the aim of completion by mid-2025.

Chalice Mining Limited experienced a last price of AU$3.845 with a notable decrease of AU$1.194 (23.710%) and a trading volume of 15,055,087 shares.

Boral Limited Experiences Share Sale by Seven Group Holdings

Boral Limited (ASX: BLD) has reported a share sale by Seven Group Holdings (ASX: SVW). The sale involved 11.1 million fully paid ordinary shares at a rate of AU$4.90 per share. The shares were sold without disclosure to investors under Part 6D.2 of the Corporations Act. Boral has notified its compliance with relevant sections of the Corporations Act and confirmed that there is no excluded information requiring disclosure.

The latest price for Boral Limited is AU$4.620, reflecting a decrease of AU$0.410 or 8.151% in today's trading.

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