White Cliff Minerals

Quarterly Activities and Cashflow Report for the quarter ended 31 December 2024

White Cliff Minerals Limited (“WCN” or the “Company”) has announced Quarterly Activities and Cashflow Report for the quarter ended 31 December 2024.


HIGHLIGHTS

  • Acquired the granted exploration licence L-2797 (“License”) which lies within the broader Rae Copper region, Nunavut, Canada and covers the historical Danvers copper deposit (“Danvers”). Acquisition of this licence bolsters the already impressive and prospective Rae Copper Project portfolio.
  • Heli supported maiden field sampling and reconnaissance programme that focused on priority areas close to existing and established infrastructure at Rae and Great Bear projects delivers extraordinary rock chip assay results across both.
  • During of the quarter, the Company successfully raised $5m (before costs) cornerstoned by the Company’s strategic advisor, Mr John Hancock, at a premium ($0.025) of 8.5% to the preceding 15-day VWAP.
  • Post quarter end, the Company received approvals from the Nunavut Impact Review Board, its Class A Land Use Permit granted by the Crown-Indigenous Relations and Northern Affairs, and Class B Water Licence from the Nunavut Water Board. Receipt of these approvals provides the Company with all required permits for its maiden drilling program scheduled to commence in March 2025.
  • Aurora Geosciences, experts in northern exploration, geology, and geophysics have been contracted to support the maiden drilling campaign at Rae in March 2025.

Danvers Copper Deposit

  • Highlights from the 1960’s resource drilling included:
    • 39.40m @ 4.9% Cu from 60.3m (S-57)
    • 47.10m @ 3.2% Cu from 42.2m (S-24)
    • 35.40m @ 3.2% Cu from 21.0m (S-21)
    • 27.5m @ 4.0% Cu from 76.7m (S-63)
    • 38.1m @ 2.8% Cu from 63.4m (S-73)
    • 31.4m @ 3.3% Cu from 15.2m (S-20)
    • 44.8m @ 2.2% Cu from 55.8m (S-18)
  • Follow up drilling in 2003 & 2005 focused mainly on expanding the known mineralised envelope which starts at surface and has dimensions of approximately 550m(L) x 200m(W) x 150m(D). Results confirmed mineralisation remains open in all directions presenting potential for further exploration success, highlights include:
    • 72.70m @ 1.6% Cu from 27m (2003-47-2)
    • 56.39m @ 1.5% Cu from 47m (2003-47-1)
    • 98.05m @ 0.9% Cu from 66m (2003-47-3)
    • 52.88m @ 1.2% Cu from 177m (2005-47-7)
  • The previously reported work and studies undertaken on the Licence will be verified by the Company as quickly as reasonably possible, with proposed work focused on drilling being planned for 2025.

Click here for the full ASX Release

This article includes content from White Cliff Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
UPS Batteries For Explosive (EX & ATEX) Environments

UPS Batteries For Explosive (EX & ATEX) Environments

Altech Batteries (ATC:AU) has announced UPS Batteries For Explosive (EX & ATEX) EnvironmentsDownload the PDF here. Keep Reading...
Blue battery with a US flag decal on a wooden surface.

Lithium Americas and GM Advance Thacker Pass with Landmark Federal Funding

Developer Lithium Americas (TSX:LAC,NYSE:LAC) has reached an agreement with General Motors (NYSE:GM) and the US Department of Energy (DOE) to unlock the first US$435 million installment of a landmark federal loan for its Thacker Pass lithium project in Nevada.The company confirmed on Wednesday... Keep Reading...
A glowing green digital battery with text overlay reading '5 Top Canadian Mining Stocks This Week.'

Top 5 Canadian Mining Stocks This Week: Lithium Americas Jumps 126 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Statistics Canada released its natural resource indicators report for the second quarter on... Keep Reading...
Closeup of battery tops with blue electric arcs above them.

Lithium Americas Shares Spike as Trump Admin Seeks Equity Stake

The Trump administration is pressing for up to a 10 percent equity stake in Lithium Americas (TSX:LAC,NYSE:LAC) as it renegotiates the terms of a US$2.26 billion loan tied to the Thacker Pass project. Two people familiar with the talks told Reuters on Tuesday (September 23) that the stake was... Keep Reading...
Livium Extends Agreement with LG Energy Solution until 2029

Livium Extends Agreement with LG Energy Solution until 2029

Livium Ltd (ASX: LIT) ("Livium" or the "Company") is pleased to announce that its wholly owned subsidiary Envirostream Australia Pty Ltd (Envirostream) - a leading battery recycler - has signed a new agreement ("Agreement") with LG Energy Solution to recycle and process lithium-ion batteries... Keep Reading...
Aerial view of a brightly lit cityscape at night, with glowing street patterns and waterways.

Landsat Data Shaping Lithium-Mining Plans at Nevada’s Thacker Pass

A Nevada lithium project central to US efforts to secure domestic mineral supply is leaning on a half-century-old satellite program for modern answers. The US Geological Survey’s (USGS) Landsat program, managed with NASA, has provided continuous Earth observations since 1972. Its freely... Keep Reading...

Latest Press Releases

Related News