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Why the Chalice (ASX:CHN) share price hit an all-time high



Chalice Mining Ltd (ASX: CHN) shares were on fire yesterday. At one point during intraday trade, shares in the mining company were trading at a record $6.73. By the market’s close, however, the Chalice Mining share price had retreated to $6.65 — still up 8.13% on the prior session.

By comparison, the S&P/ASX 200 Index (ASX: XJO) closed Thursday’s session 0.83% higher.

Yesterday’s record-breaking day came after the company reported “significant new results” from one of its mines.

Let’s take a closer look at the news.

What boosted the Chalice share price?

In a statement to the ASX, Chalice Mining advised it has made further major finds at its Julimar Nickel-Copper, Platinum Group Element (PGE) Project in Western…

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