Chalice shares crash as miner announces Julimar start date

By Michael Sinclair-Jones
CHALICE Mining shares crashed 30 per cent last month after the company revealed plans for a Julimar open-cut mine worth $18 billion to start production in six years’ time.

The shock market reaction caught the Perth miner by surprise but it hasn’t stopped plans to start processing up to 30 million tonnes of ore a year, starting in early 2029.

Chalice says local groundwater will not be used but has yet to announce how it will dispose of millions of litres of waste water contaminated by mineral processing.

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