Whole shire pegged as Julimar find sends shares skyrocketing

By Ieva Tomsons and Michael Sinclair-Jones

TOODYAY townsite and most of the shire has been blanket pegged for nickel after “spectacular” results from test drilling on a Julimar cattle farm (marked with red dot on map, left) 30km west of the town.

Chalice Gold Mines shares skyrocketed 700 per cent last month amid claims that Julimar could become a major new nickel province of significant strategic importance for Australia.

The Julimar find includes high-grade nickel, cobalt and copper which Chalice said were “very important” in batteries for Tesla and other electric cars, and palladium which is used to manufacture hydrogen fuel cells and control vehicle pollution – all highly valuable metals on world markets.

Read more