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    Street Talk

    Andrew Forrest eyes Tim Goyder’s Chalice stake; Jarden in tow

    Anthony Macdonald, Sarah Thompson and Kanika Sood
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    Iron ore billionaire Andrew Forrest likes the look of nickel developer Chalice Mining and is trying to get his hands on a sizeable chunk.

    Fortescue Metals Group executive chairman Andrew Forrest. Trevor Collens

    Street Talk can reveal Forrest has bid for Chalice shares owned by its former chairman Tim Goyder. Sources said Jarden was the broker behind Forrest’s approach.

    That would be 8.8 per cent of the company, a nice toehold stake should Forrest choose to push for more. At $5.71 per Chalice share, Goyder’s shareholding is worth $189 million.

    Goyder last chipped off his stake August, when he trimmed his holding by nearly two per cent to the 8.8 per cent it is currently at.

    Chalice has a $2.1 billion market capitalisation. It has pitched its Julimar project in Western Australia as one of the largest recent nickel sulphide discoveries in the world as well as the largest PGE (platinum group elements) discovery in Australia.

    Goyder popped on the Rich List this year, thanks to lithium developer Liontown Resources and nickel play Chalice Mining.

    Goyder owns 15 per cent of Liontown, which has a $4.4 billion market capitalisation, in addition to the Chalice stake.

    Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
    Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
    Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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