Miner Tops Index After Striking Palladium on City’s Doorstep
- Chalice Mining MD says ‘amazing’ find not made in ‘60s, ‘70s
- Deficit, low supply sees UBS raise forecasts for the metal
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Sometimes buried treasure can be hiding right under your nose. Just ask Alex Dorsch, whose company found what could be Australia’s first major palladium resource on the fringes of Perth, the nation’s mining hub.
“It’s a fascinating bit of serendipity,” said Dorsch, managing director of Chalice Mining Ltd., which confirmed the Julimar discovery just over 12 months ago and has been the best performer this year on the S&P/ASX 300 Metals and Mining Index. “It is quite amazing that it wasn’t found in the 1960s or 70s to be honest,” he said in a phone interview.