Chalice Mining chairman Tim Goyder leaves explorer on a high

Outgoing Chalice Mining chairman Tim Goyder has heralded the company’s Gonneville polymetallic discovery 70km north of Perth as a find of global significance (reports The West Australian).
25th November 2021

Addressing shareholders at his last annual meeting as the company’s chairman in Perth on Wednesday, Mr Goyder said the recent announcement of a maiden resource estimate for Gonneville had justifiably attracted headlines around the world.

“It confirms that Gonneville is the largest nickel sulphide discovery worldwide in over 20 years, and the largest PGE discovery in Australian history – but exploration of the district has only just begun,” he said.

“The resource has been a game-changer not only for Chalice, but also across the broader mining and exploration industry globally.

“It is hard to recall a recent discovery which has had such profound implications for WA.”

Chalice this month unveiled a 330 million tonne maiden resource for Gonneville with an inventory of 10 million ounces of palladium, platinum and gold, 530,000t of nickel, 330,000t of copper and 53,000t of cobalt.

Mr Goyder said Chalice had been one of the best-performing stocks on the ASX over the past 18 months and noted the company’s success at Gonneville meant it had become the first explorer to join the ASX/S&P-200 index.

The mining entrepreneur, who founded Chalice in 2006, signalled his departure from the company last month but said last Thursday he would remain a major shareholder (10.7 per cent).

“I step aside knowing that your company in is very capable hands, led by our managing director and chief executive Alex Dorsch, and supported by a dynamic team with an enviable and rare mix of tenacity and experience,” he said.

“I continue to remain a major shareholder in Chalice and the company’s number one supporter – I will be paying very close attention.”

Mr Goyder will be succeeded by Derek La Ferla, while Stephen Quin is also retiring from the Chalice board after 11 years as a director.

Mr Goyder’s net worth briefly exceeded $1b this month on the back of Chalice’s surging share price and his holding in another company he chairs, aspiring lithium miner Liontown Resources.

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