Gonneville forms part of the miner’s Julimar discovery and is thought to be home to significant nickel and paladium reserves.

Further drilling of nearby tenements is due to commence later this year after Chalice last week announced it had signed an agreement with Northam Resources to acquire a stake in an abutting exploration licence it believes is geologically similar to Gonneville.

In a quarterly update to the market on Wednesday, Chalice said it had received interest “from a range of end-user, trading and mining counterparties” keen to develop the project. That comes after the company announced its intention in April to seek a strategic partner to help develop the project.

Earlier this year, Chalice raised about $76 million to fund about two years’ worth of exploration and development.