CHALICE MINING LTD (CHN.AU) saw its stock price surge by 7.71% during the intraday session on Monday, reflecting strong investor confidence following the release of a pre-feasibility study for its Gonneville Palladium-Nickel-Copper Project.

The study positions the Gonneville Project as one of the largest and lowest-cost undeveloped palladium-nickel-copper reserves in the western world, with an initial open-pit mine life of 23 years and projected free cash flow of approximately A$4.7 billion. The project's rapid payback period of around 2.7 years and significant exploration potential across a 7,000 km² holding in the West Yilgarn region have further bolstered investor optimism. The company's strong financial position and the project's leverage to long-term palladium demand, particularly for hybrid vehicles, have also contributed to the positive market reaction.