Stock Track | Chalice Mining Plummets 5.13% Intraday as Gonneville Project Final Decision Pushed to 2028

Stock Track

01/30

CHALICE MINING LTD (CHN.AU) shares plummeted 5.13% during intraday trading on Friday, marking a significant downward movement for the mining stock.

The sharp decline followed the company's announcement that it expects a final investment decision for its Gonneville project in Western Australia in the first half of 2028. The timeline, revealed in a filing with the Australian bourse, indicates a longer wait than some investors may have anticipated, with the completion of a pre-feasibility study now allowing the start of the feasibility study, next-stage approvals, and financing discussions.

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