Proactiveinvestors Australia White Cliff Minerals Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia White Cliff Minerals Ltd RSS feed en Wed, 26 Jun 2019 10:01:42 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - White Cliff Minerals gains new substantial shareholder with 6.08% stake ]]> https://www.proactiveinvestors.com.au/companies/news/217804/white-cliff-minerals-gains-new-substantial-shareholder-with-608-stake-217804.html White Cliff Minerals Ltd (ASX:WCN) has a new substantial shareholder in Rookharp Investments Pty Ltd which has accumulated 28.6 million shares for a 6.08% stake.

Rookharp, which is Dubbo, New South Wales-based, reached this status by acquiring more than 21.791 million shares valued at $221,825 between November 13, 2018, and March 13, 2019.

READ: White Cliff Minerals substantial shareholder further increases stake to 12.15%

These investments follow another substantial shareholder, New Zealand-based Denman Income Limited, increasing its interest in White Cliff to 12.15% last month.

Denman participated in the company’s recent $1.15 million capital raising.

Funds raised will be used for development work at White Cliff’s Chanach Gold-Copper Project in the Kyrgyz Republic and its Coronation Dam and Ghan Well cobalt-nickel projects in WA.

READ: White Cliff Minerals lands maiden 5.7 million tonne nickel-cobalt resource at Coronation Dam

The company recently announced a maiden inferred mineral resource of 5.7 million tonnes at 1% nickel and 0.08% cobalt for the Coronation Dam Nickel-Cobalt Project in the North-Eastern Goldfields.

This resource contains 56,700 tonnes of nickel and 4,300 tonnes of cobalt and White Cliff aims to increase this through further exploration around the deposit.

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Wed, 03 Apr 2019 08:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217804/white-cliff-minerals-gains-new-substantial-shareholder-with-608-stake-217804.html
<![CDATA[News - White Cliff Minerals substantial shareholder further increases stake to 12.15% ]]> https://www.proactiveinvestors.com.au/companies/news/217080/white-cliff-minerals-substantial-shareholder-further-increases-stake-to-1215-217080.html White Cliff Minerals Ltd (ASX:WCN) substantial shareholder Denman Income Limited has further increased its stake in the company to 12.15%.

Denman bought about 6.79 million shares on-market today, bringing its total number of follow-on public offer (FPO) shares to 57,168,400.

READ: White Cliff Minerals’ substantial shareholder increases stake to 10.71%

The move follows last week’s purchase of 35.19 million shares worth $175,937 by participating in White Cliff’s rights issue and shortfall placement.

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Mon, 25 Mar 2019 17:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217080/white-cliff-minerals-substantial-shareholder-further-increases-stake-to-1215-217080.html
<![CDATA[News - White Cliff Minerals lands maiden 5.7 million tonne nickel-cobalt resource at Coronation Dam ]]> https://www.proactiveinvestors.com.au/companies/news/217071/white-cliff-minerals-lands-maiden-57-million-tonne-nickel-cobalt-resource-at-coronation-dam-217071.html White Cliff Minerals Ltd (ASX:WCN) reports a maiden inferred mineral resource of 5.7 million tonnes at 1% nickel and 0.08% cobalt for the Coronation Dam Nickel-Cobalt Project in WA’s Northeast Goldfields.

This maiden nickel and cobalt inferred mineral resource is above a cut off grade of 0.8% nickel and contains 56,700 tonnes of nickel and 4,300 tonnes of cobalt.

The drilling and resource modelling covered a 1.4-kilometre-long section of the prospective ultramafic sequence, which extends for 5.6 kilometres within the tenement.

Immediately north of the inferred mineral resource are several historical drill holes with nickel and cobalt mineralisation greater than 0.8% nickel or 0.05% cobalt.

 

Oblique view of the inferred mineral resource blocks looking northwest.

 

The main zone of mineralisation extends over 1.4 kilometres north to south and 750 kilometres east to west.

Vertical thickness of mineralisation ranges from several metres to a maximum of 70 metres with mineralisation starting at surface and dipping shallowly to the west.

The bulk of the higher-grade mineralisation is concentrated within the centre of the deposit, which has only been shallowly drilled in most areas and remains open along strike and at depth.

 

Coronation Dam, Ghan Well and Coglia Well cobalt and nickel projects.

 

READ: White Cliff raises up to $1.15 million to develop key WA projects

White Cliff will conduct preliminary test work on the existing drill samples including beneficiation and leaching prior to considering additional drilling.

Provided the test work is positive, the company will consider a small drilling program aimed at converting the inferred mineral resources to indicated resources.

This drilling will also target the shallow, higher-grade central area of the deposit and investigate the potential for open pit mining.

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Mon, 25 Mar 2019 12:38:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217071/white-cliff-minerals-lands-maiden-57-million-tonne-nickel-cobalt-resource-at-coronation-dam-217071.html
<![CDATA[News - White Cliff Minerals’ substantial shareholder increases stake to 10.71% ]]> https://www.proactiveinvestors.com.au/companies/news/216904/white-cliff-minerals-substantial-shareholder-increases-stake-to-1071-216904.html White Cliff Minerals Ltd’s (ASX:WCN) substantial shareholder, New Zealand-based Denman Income Limited, has increased its stake to 10.71% voting power.

Denman bought about 35.19 million shares worth $175,937 on March 13 2019 by participating in White Cliff’s rights issue and shortfall placement.

The investor now holds a total of about 50.38 million White Cliff shares.

READ: White Cliff Minerals raises up to $1.15 million to develop key WA projects

Funds from the capital raising will be used for development work at White Cliff’s Chanach Gold-Copper Project and its Coronation Dam and Ghan Well cobalt-nickel projects.

White Cliff recently began a strategic review of its projects, initiating discussions with various parties regarding joint ventures or outright sale of its non-core Western Australian projects.

A global financial advisory firm has been appointed to evaluate options to unlock value as the company shifts its focus to its three key projects.

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Thu, 21 Mar 2019 16:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216904/white-cliff-minerals-substantial-shareholder-increases-stake-to-1071-216904.html
<![CDATA[News - White Cliff finds visible gold in 62 of 65 samples in potential alluvial system ]]> https://www.proactiveinvestors.com.au/companies/news/216425/white-cliff-finds-visible-gold-in-62-of-65-samples-in-potential-alluvial-system-216425.html White Cliff Ltd (ASX:WCN) has received gold assays from the bulk samples collected in December 2018 from the Aucu Gold Project in the Kyrgyz Republic.

A 450-metre section of the Chanach river alluvial terraces 1 kilometre downstream from the Aucu Gold deposit was sampled to assess the gold potential of the 16-kilometre long river system.

Visible gold was detected in 62 samples out of the 65 samples collected with assays revealing gold concentrations of up to 0.104 g/t on a wet basis.

White Cliff considers the initial results very encouraging and plans to conduct further bulk sampling using a more detailed sampling method suitable for defining mineable resources.

Exploration activity is expected to recommence in March with initial work on cleaning the access road to the main drilling locations and camp area allowing field visits by potential project buyers.

Potential economic alluvial gold system

The bulk sampling was conducted from surface to a depth of 5 metres in an area where the alluvial gravels are 12-15 metres deep.

The presence of gold in the upper 5 metres of the river channel is encouraging as it indicates an active gold deposition system where gold grade generally increase with depth.

Alluvial mining has been conducted for 4 years by a neighbouring tenement holder to a depth of 15 metres right up to the Aucu lease boundary suggesting that gold grades increase with depth and may be high enough to be economic.

READ: White Cliff Minerals raises capital amid cost reductions and strategic asset review

White Cliff’s new chairman Daniel Smith and fellow board member Nicholas Ong have increased their shareholding through participation in the recent rights issue.

Smith acquired 666,667 shares increasing his total holding to 1.33 million shares and On also acquired 666,667 shares increasing his total holding to 1.33 million shares.

Under the partially underwritten rights issue, shareholders subscribed for $646,278 worth of shares and the shortfall of $508,598 will be placed resulting in over $1.1 million being raised.

Funding is earmarked for development work at its Chanach Gold-Copper Project and its Coronation Dam and Ghan Well cobalt-nickel projects in Australia.

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Thu, 14 Mar 2019 09:22:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216425/white-cliff-finds-visible-gold-in-62-of-65-samples-in-potential-alluvial-system-216425.html
<![CDATA[News - White Cliff Minerals gains new substantial shareholder with 6.57% stake ]]> https://www.proactiveinvestors.com.au/companies/news/216129/white-cliff-minerals-gains-new-substantial-shareholder-with-657-stake-216129.html White Cliff Minerals Ltd (ASX:WCN) has a new substantial shareholder in New Zealand-based Denman Income Limited, which has a 6.57% stake.

Denman has reached this status by accumulating shares between December 12, 2018, and March 8, 2019, with a total value of $213,040.

The investor now holds a total of 15.19 White Cliff securities with the shares last trading at 0.7 cents.

READ: White Cliff Minerals raises capital amid cost reductions and strategic asset review

White Cliff is undertaking a partially underwritten non-renounceable entitlements offer to shareholders to raise up to almost $1,155 million.

The entitlement offer is underwritten to the amount of $1 million by Perth-based CPS Capital Group Pty Ltd.

One new share for every one White Cliff share held will be issued at a price of 0.5 cents and each new share will include one free-attaching option exercisable at 1.5 cents.

READ: White Cliff Minerals takes stock of battery metals and gold assets including high-grade Aucu project

Funds raised will be used for development work at the Chanach Gold-Copper Project in the Kyrgyz Republic as well as at the Coronation Dam and Ghan Well cobalt-nickel projects in Western Australia.

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Mon, 11 Mar 2019 08:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216129/white-cliff-minerals-gains-new-substantial-shareholder-with-657-stake-216129.html
<![CDATA[News - White Cliff Minerals raises up to $1.15 million to develop key WA projects ]]> https://www.proactiveinvestors.com.au/companies/news/216141/white-cliff-minerals-raises-up-to-115-million-to-develop-key-wa-projects-216141.html White Cliff Minerals Ltd (ASX:WCN) has raised $646,278 from shareholders in a rights issue that was detailed in the company’s prospectus dated February 14, 2019.

The rights issue underwriter CPS Capital Group has advised White Cliff that it has received commitments from its clients to place all the shortfall shares, worth about $500,000.

READ: White Cliff Minerals raises capital amid cost reductions and strategic asset review

A further $45,500 (before costs) will be raised through a placement of 9.1 million ordinary shares and free-attaching options to CPS clients.

The allocation of the shortfall shares is expected to occur at the same time as the rights issue acceptances on Wednesday, March 13.

READ: White Cliff Minerals finds visible gold in trenching, shares up

Funds are to be used for development work at White Cliff’s Chanach Gold-Copper Project and its Coronation Dam and Ghan Well cobalt-nickel projects.

White Cliff recently began a strategic review of its projects, initiating discussions with various parties regarding joint ventures or outright sale of its non-core Western Australian projects.

A global finance advisory firm has been appointed to evaluate options to unlock value as the company shifts its focus to its three key projects.

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Sun, 10 Mar 2019 22:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216141/white-cliff-minerals-raises-up-to-115-million-to-develop-key-wa-projects-216141.html
<![CDATA[News - White Cliff Minerals raises capital amid cost reductions and strategic asset review ]]> https://www.proactiveinvestors.com.au/companies/news/214312/white-cliff-minerals-raises-capital-amid-cost-reductions-and-strategic-asset-review-214312.html White Cliff Minerals Ltd (ASX:WCN) has issued a partially underwritten non-renounceable entitlements offer to shareholders to raise up to $1,154,876.

The funds will be used for development work at its Chanach Gold-Copper Project and its Coronation Dam and Ghan Well cobalt-nickel projects.

The company’s managing director Todd Hibberd has stepped down from his position, remaining a director until March 31, 2019, after which he will be engaged as a consultant.

Non-executive director Daniel Smith has taken on the role of chairman, however, his renumeration will remain the same.

READ: White Cliff Minerals finds visible gold in trenching, shares up

White Cliff has also begun a strategic review of its projects, initiating discussions with various parties regarding joint ventures or outright sale its non-core Western Australian projects.

A global finance advisory firm has been appointed to evaluate options to unlock value as the company shifts its focus to the key projects of Chanach, Coronation Dam and Ghan Well.

READ: White Cliff Minerals takes stock of battery metals and gold assets including high-grade Aucu project

The entitlement offer is underwritten to the amount of $1 million by Perth-based CPS Capital Group Pty Ltd.

It will be open to all eligible shareholders with a registered address in Australia or New Zealand and who hold White Cliff shares at February 19.

One new share for every one White Cliff share held will be issued at a price of 0.5 cents and each new share will include one free-attaching option exercisable at 1.5 cents.

New shares are attractively priced at a 68% discount to the previous market close of 1.5 cents.

Unless extended, the entitlement offer will close on March 6 and will issue nearly 230.1 million new shares together with the same number of options.

READ: White Cliff Minerals latest assays find new gold and copper zones

Funds raised will go towards:

Completion of alluvial bulk sampling for better understanding of gold distribution at the Chanach project in Kyrgyzstan, which contains a resource of 3 million tonnes at 5.1 g/t gold for 484,000 ounces;

Metallurgical assessment of recoverable gold from Chanach’s alluvial system;

Conversion of the Chanach prospecting licence to an exploration licence, providing an additional four years of tenure;

Preparation of drilling access tracks and pads;

Maiden resource estimate for the Coronation Dam and Ghan Well cobalt-nickel projects; and

General working capital.

READ: White Cliff Minerals defines large copper porphyry system

Last month White Cliff announced it had identified and implemented cost-saving measures that reduced fixed costs by about $500,000 per annum.

These included right-sizing the management and exploration team and rationalising and re-negotiating various administration expenditures.

White Cliff has identified additional savings that will be disclosed and implemented soon.

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Sun, 10 Feb 2019 20:03:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214312/white-cliff-minerals-raises-capital-amid-cost-reductions-and-strategic-asset-review-214312.html
<![CDATA[News - White Cliff Minerals enters trading halt pending capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/214132/white-cliff-minerals-enters-trading-halt-pending-capital-raising-214132.html White Cliff Minerals Ltd (ASX:WCN) has been granted a trading halt by the ASX this morning pending the release of information regarding a capital raising.

Shares in the company will remain halted until the earlier of, either the release of relevant information, or the commencement of trading on Monday 11 February 2019.

READ: White Cliff Minerals outlines plan to save $500,000 per annum

Last month, White Cliff identified visible gold in bulk samples collected in December 2018 from its Aucu Gold Project in the Kyrgyz Republic.

The company undertook a bulk sampling program along a 450-metre section of the Chanach river alluvial terraces located 1 kilometre downstream from the Aucu Gold deposit.

The objective of the sampling program was to assess the placer gold potential of the 16-kilometre long river system.

Visible gold was detected in 62 samples out of the 65 samples collected.

The samples collected have been submitted to the lab for analysis with results expected in late February.

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Thu, 07 Feb 2019 12:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214132/white-cliff-minerals-enters-trading-halt-pending-capital-raising-214132.html
<![CDATA[News - White Cliff Minerals outlines plan to save $500,000 per annum ]]> https://www.proactiveinvestors.com.au/companies/news/213654/white-cliff-minerals-outlines-plan-to-save-500000-per-annum-213654.html White Cliff Minerals Ltd (ASX:WCN) has identified and implemented savings of circa $500,000 per annum by rightsizing its management and exploration team, and lowering admin expenses.

The company secretary and CFO role will now be outsourced, the head office will also be moved once the lease expires in June 2019, and Todd Hibberd has waived his $30,000 director fees.

White Cliff’s Nicholas Ong said: “It is unfortunate that White Cliff has to let go some of its staff, however the cost reductions were necessary to reduce cash burn and enables White Cliff to re-direct its resources toward exploration work which ultimately drives value to shareholders.”

READ: White Cliff Minerals finds visible gold in trenching, shares up

The company’s exploration team and support staff in Kyrgyzstan remain unaffected.

Following the departure of a senior geologist, the Australian exploration team will now consist of Hibberd and an exploration geologist.

The reduction of headcount will not impact the Company’s ability to continue with its exploration work at the 90% owned Aucu Copper-Gold project in Kyrgyzstan and gold-cobalt-nickel projects in Western Australia.

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Thu, 31 Jan 2019 09:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213654/white-cliff-minerals-outlines-plan-to-save-500000-per-annum-213654.html
<![CDATA[News - White Cliff Minerals finds visible gold in trenching, shares up ]]> https://www.proactiveinvestors.com.au/companies/news/213297/white-cliff-minerals-finds-visible-gold-in-trenching-shares-up-213297.html White Cliff Minerals Ltd (ASX:WCN) has identified visible gold in bulk samples collected in December 2018 from its Aucu Gold Project in the Kyrgyz Republic.

The company undertook a bulk sampling program along a 450-metre section of the Chanach river alluvial terraces located 1 kilometre downstream from the Aucu Gold deposit.

The objective of the sampling program was to assess the placer gold potential of the 16-kilometre long river system.

Visible gold was detected in 62 samples out of the 65 samples collected.

The samples collected have been submitted to the lab for analysis with results expected in late February.

Shares are up 37.5% to 2.2 cents intra-day.

READ: White Cliff Minerals takes stock of battery metals and gold assets including high-grade Aucu project

The company expects to re-commence exploration activity in March after it paused in December due to heavy winter snows.

The Aucu Project hosts 2.95 million tonnes grading 5.1 g/t gold for 484,000 ounces of contained gold.

The project also contains 17.2 million tonnes at 0.36% copper containing 64,000 tonnes of copper.

The drilling defining these resources has tested less than 5% of the identified mineralised structures and is currently open in all directions.

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Fri, 25 Jan 2019 10:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213297/white-cliff-minerals-finds-visible-gold-in-trenching-shares-up-213297.html
<![CDATA[News - White Cliff Minerals takes stock of battery metals and gold assets including high-grade Aucu project ]]> https://www.proactiveinvestors.com.au/companies/news/213010/white-cliff-minerals-takes-stock-of-battery-metals-and-gold-assets-including-high-grade-aucu-project-213010.html White Cliff Minerals Ltd (ASX:WCN) has a portfolio of projects, including a high-grade gold project in the Kyrgyz Republic and battery minerals projects in Western Australia.

The company is undertaking a review of its assets, hoping to determine how it can maximise value from the assets and save on costs.

READ: White Cliff Minerals latest assays find new gold and copper zones

Aucu Gold Project in the Kyrgyz Republic has been the focus of the latest series of drilling results posted by the company.

In the past fortnight, the company has shared results from a rock chip sampling program at the project which highlighted significant gold and copper mineralisation in gold assays grading up to 6.7 g/t gold and copper assays of up to 7.8% copper.

Key copper and gold results from Aucu Gold Project rock chip sampling

Aucu hosts a resource of 2.95 million tonnes grading 5.1 g/t gold for 484,000 ounces of gold.

READ: White Cliff Minerals defines large copper porphyry system

The West Perth-based company defined a large copper porphyry system at Aucu last month.

The copper porphyry core has a 1-kilometre diameter and is part of a mineralised system that extended for 8 kilometres and includes the Aucu gold resource which was upgraded by 60% in 2018.

White Cliff sitting on gold mountain in Asia https://t.co/Mvm1oF4HI9

— White Cliff Minerals (@WCMinerals) August 15, 2018

White Cliff has also identified new gold and copper anomalies to the north and east of the porphyry system in the December 2018 quarter.

READ: White Cliff Minerals rights issue raising up to $2.3 million for Asian and Australian projects

White Cliff believes the central copper porphyry is responsible for both the outlying high-grade gold mineralisation and the core copper mineralisation.

The company has previously expressed its hopes of putting Aucu into production.

Western Australian nickel-cobalt assets

White Cliff’s Kyrgyz production ambition for Aucu is part of a dual strategy at the company that also includes advancing its projects in Western Australia.

The 100%-owned nickel-cobalt exploration projects include the Coronation Dam Cobalt Project in WA’s Eastern Goldfields where the company has been defining cobalt and nickel resources.

Further Cobalt Nickel Mineralisation at Coronation Dam
Growing the next #cobalt deposit for Electric Vehicles https://t.co/58ZavbBGih pic.twitter.com/wlI2D4VXP0

— White Cliff Minerals (@WCMinerals) August 1, 2018

Drilling results have included: 40 metres grading 0.22% cobalt and 1.75% nickel from 8 metres, and 36 metres grading 0.10% cobalt and 0.88% nickel from surface.

Coronation Dam is 90 kilometres south of the Glencore (LON:GLEN) Murrin Murrin mining operation and 45 kilometres south of GME Resources Ltd’s (ASX:GME) proposed Mt Kilkenny nickel-cobalt processing facility.

Glencore is mining cobalt and nickel at Murrin East open pit which had an initial resource of 66 million tonnes grading 1.1% nickel and 0.09% cobalt.

Further Cobalt, Nickel and Copper Mineralisation Intersected at Coglia Well
Building large inventories of #cobalt for Electric Vehicles
https://t.co/SWJVovtHCF pic.twitter.com/Q9pJDlkmSV

— White Cliff Minerals (@WCMinerals) July 9, 2018

Another of White Cliff’s nickel-cobalt exploration projects in WA is Coglia Well in the Laverton region.

White Cliff managing director Todd Hibberd spoke to Proactive Investors’ Stocktube video channel in July 2018 about the project, highlighting promising drilling results the company had intended to follow up before looking towards production.

White Cliff Minerals drills out more cobalt, nickel and copper at Coglia Well

Hibberd said: “The assays show that the Coglia projects is quite a substantial zone of mineralisation.

“We are seeing quite good cobalt numbers over about 5 kilometres of strike length and up to 500 metres wide.”

The highly anomalous copper assays were suggestive of sulphide mineralisation.

Highlights included 4 metres grading 0.11% cobalt and 3.20% nickel from 43 metres, and 2 metres grading 0.38% cobalt and 1.05% nickel from 65 metres.

 

A portfolio review

White Cliff’s current review will evaluate the portfolio for ways to extract maximum value.

Cost savings will also be a focus for the company which has a market capitalisation of about $3.7 million and raised $2.3 million in November 2018 with a renounceable entitlements offer.

Chen Chik ‘Nicholas’ Ong and Daniel Smith joined the board in mid-December 2018, with chairman John ‘Jack’ Gardner and directors Ian Hobson and Rodd Boland resigning from their directorships last month.

Both Ong and Smith have indirect stakes in White Cliff through being directors and beneficiaries of Bridge The Gap Trading Pty Ltd.

Michael Langoulant had retired from the board in November 2018.

READ: White Cliff Minerals substantial holder buys shares, brings ownership to 11.65%

Then White Cliff company secretary Hobson reported on December 14, 2018: “The board changes are part of an ongoing review by the company in extracting maximum value from its suite of high-quality assets, as well as implementing cost-saving measures.”

Ong picked up a posting as White Cliff company secretary after Hobson’s departure.

Smith and Ong are joined on the board by White Cliff managing director Hibberd.

Substantial and top three holdings

Western Australia-based Nuzeno Holdings Pty Ltd and ACXU SMSF Pty Ltd became a substantial holder in December 2018 with a collective 5.73% stake, its director Yongxiang Xu declared a notice of initial substantial holding on December 24, 2018.

Nuzeno had been White Cliff’s third-largest shareholder on November 22, 2018, sitting after Aftron Pty Ltd (the C E Vrisakis Family AC A/C) with 5.93% and Bin Liu with 4.77%.

On December 6, 2018, top holder Aftron increased its stake to 11.65% with on-market trades.

Croesus Mining Pty Ltd (Steinepreis Super Fund A/C) had sat on the share registry on November 22 as seventh largest holder with a 2.1% stake.

The company’s top 20 shareholders had held 43.48% of the company at the time.

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Mon, 21 Jan 2019 20:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213010/white-cliff-minerals-takes-stock-of-battery-metals-and-gold-assets-including-high-grade-aucu-project-213010.html
<![CDATA[News - White Cliff Minerals latest assays find new gold and copper zones ]]> https://www.proactiveinvestors.com.au/companies/news/212360/white-cliff-minerals-latest-assays-find-new-gold-and-copper-zones-212360.html White Cliff Minerals Ltd (ASX:WCN) has received new assay results from the new mineralised structures identified 2-4 kilometres east of the Aucu Gold Project in the Kyrgyz Republic.

Assays of rock samples have identified significant gold and copper mineralisation with gold assays up to 6.7 g/t gold and copper assays up to 7.8% copper.

Mapping also identified multiple new shear zones.

The sampling confirms that the scale of the Aucu gold and copper system extends over at least 8 kilometres west to east and is still untested to the south.

READ: White Cliff Minerals appoints two new directors to the board

Bulk samples to be submitted to lab

Heavy winter snows have delayed drilling on the main targets and the company has focused on testing gold potential in the main valley.

13 bulk samples have been collected which will be submitted to the lab for analysis shortly.

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Fri, 11 Jan 2019 09:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212360/white-cliff-minerals-latest-assays-find-new-gold-and-copper-zones-212360.html
<![CDATA[News - White Cliff Minerals appoints two new directors to the board ]]> https://www.proactiveinvestors.com.au/companies/news/211271/white-cliff-minerals-appoints-two-new-directors-to-the-board-211271.html White Cliff Minerals Ltd (ASX:WCN) has appointed Nicholas Ong and Daniel Smith as directors to its board following the departure of Jack Gardner.

The board changes are part of an ongoing review by the company in extracting maximum value from its project portfolio, as well as implementing cost-saving measures.

White Cliff expects to make further updates to shareholders in due course.

READ: White Cliff Minerals defines large copper porphyry system

White Cliff is pursuing a dual strategy to advance its cobalt-nickel projects in Western Australia and the high-grade Aucu Gold-Copper Project in the Kyrgyz Republic towards production.

Earlier this month, White Cliff identified a copper porphyry system at its Aucu Gold Project after completing an extensive soil geochemistry survey.

The copper porphyry core has a 1-kilometre diameter and is part of a mineralised system that extends across 8 kilometres including the Aucu gold resource of 484,000 ounces grading 5 g/t gold.

The survey also assisted in the identification of new gold and copper anomalies to the North and East of the porphyry system.

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Mon, 17 Dec 2018 09:08:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211271/white-cliff-minerals-appoints-two-new-directors-to-the-board-211271.html
<![CDATA[News - White Cliff Minerals defines large copper porphyry system ]]> https://www.proactiveinvestors.com.au/companies/news/210725/white-cliff-minerals-defines-large-copper-porphyry-system-210725.html White Cliff Minerals Ltd (ASX:WCN) has identified a copper porphyry system at its Aucu Gold Project in the Kyrgyz Republic.

The copper porphyry core has a 1-kilometre diameter and is part of a mineralised system that extends across 8 kilometres including the Aucu gold resource of 484,000 ounces grading 5 g/t gold.

READ: White Cliff Minerals substantial holder buys shares, brings ownership to 11.65%

White Cliff believes the central copper porphyry is responsible for both the outlying high-grade gold mineralisation and the core copper mineralisation.

Other new copper and gold zones also identified

The survey has also assisted in the identification of new gold and copper anomalies to the North and East of the porphyry system.

Notably, this may indicate additional potential mineralised porphyries and additional structurally controlled gold mineralisation.

The company has conducted detailed mapping and sampling which will be released when assays are available.

READ: White Cliff Minerals’ rights issue raising up to $2.3 million for Asian and Australian projects

White Cliff has conducted further sampling and mapping which has resulted in the identification of new gold and copper zones.

The company will release a formal exploration update once this sampling and assaying is completed.

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Fri, 07 Dec 2018 09:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210725/white-cliff-minerals-defines-large-copper-porphyry-system-210725.html
<![CDATA[News - White Cliff Minerals substantial holder buys shares, brings ownership to 11.65% ]]> https://www.proactiveinvestors.com.au/companies/news/210634/white-cliff-minerals-substantial-holder-buys-shares-brings-ownership-to-1165-210634.html White Cliff Minerals Ltd (ASX:WCN) substantial holder Aftron Pty Ltd has purchased 13,333,333 ordinary shares worth $200,000 in on-market trades.

The purchase brings Aftron and associates’ total holding to 26,923,066 shares, representing about 11.65% interest in White Cliff.

READ: White Cliff Minerals new assays feature 40 metres at 0.22% cobalt and 1.75% nickel

The company is defining cobalt and nickel resources at the Coronation Dam Cobalt Project in Western Australia’s Eastern Goldfields.

Coronation Dam is 90 kilometres south of Glencore’s (LON:GLEN) Murrin Murrin mining operation and 45 kilometres south of GME Resources Ltd’s (ASX:GME) proposed Mt Kilkenny nickel-cobalt processing facility.

Recent drilling results at Coronation Dam included: 40 metres at 0.22% cobalt and 1.75% nickel from 8 metres; and 36 metres at 0.10% cobalt and 0.88% nickel from surface.

Glencore is currently mining cobalt and nickel from the Murrin East open pit which contained an initial resource of 66 million tonnes at 1.1% nickel and 0.09% cobalt.

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Thu, 06 Dec 2018 02:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210634/white-cliff-minerals-substantial-holder-buys-shares-brings-ownership-to-1165-210634.html
<![CDATA[News - White Cliff Minerals attracts new substantial holder in Nuzenho Holdings ]]> https://www.proactiveinvestors.com.au/companies/news/209796/white-cliff-minerals-attracts-new-substantial-holder-in-nuzenho-holdings-209796.html White Cliff Minerals Ltd (ASX:WCN) has a new substantial shareholder in Nuzenho Holdings Pty Ltd, which now holds a 5.16% stake.

Nuzenho became a substantial holder on November 15 when it acquired 10.8 million shares for total consideration of $162,000.

The Perth-based investor now holds more than 11.925 million shares.

READ: White Cliff Minerals raises $2.3 million in rights issue and is now debt-free

White Cliff recently raised more than $2.3 million in a rights offer and is now debt-free.

The renounceable entitlements offer will result in the issue of almost 154 million shares and an equal number of options.

Applications were received totalling almost $1.109 million with the remaining shortfall of more than $1.2 million to be placed by the underwriter, CPS Capital Group Pty Ltd.

Funds to advance projects

The funds will assist the company in advancing the Aucu Gold Project in the Kyrgyz Republic as well as the Coronation Dam Cobalt-Nickel Project in Western Australia.

At Aucu, White Cliff is focused on adding further gold to the 484,000-ounce resource and at Coronation Dam the focus is on calculating a maiden resource and preliminary metallurgical test work.

READ: White Cliff Minerals new assays feature 40 metres at 0.22% cobalt and 1.75% nickel

This week, new assays were received from a 5,000-metre reverse circulation drill program at Coronation Dam.

Results have increased the extent of the high-grade mineralisation to over 600 metres long, 400 metres wide and an average thickness of 20 metres.

Best assays were 40 metres at 0.22% cobalt and 1.75% nickel from 8 metres and 36 metres at 0.10% cobalt and 0.88% nickel from surface.

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Fri, 23 Nov 2018 13:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209796/white-cliff-minerals-attracts-new-substantial-holder-in-nuzenho-holdings-209796.html
<![CDATA[News - White Cliff Minerals new assays feature 40 metres at 0.22% cobalt and 1.75% nickel ]]> https://www.proactiveinvestors.com.au/companies/news/209408/white-cliff-minerals-new-assays-feature-40-metres-at-022-cobalt-and-175-nickel-209408.html White Cliff Minerals Ltd (ASX:WCN) has received new assays from its 5,000-metre reverse circulation (RC) drill program at its Coronation Dam Cobalt Project in Western Australia.

Highlights featured 40 metres at 0.22% cobalt and 1.75% nickel from 8 metres and 36 metres at 0.10% cobalt and 0.88% nickel from surface.

Drilling results have increased the extent of the high-grade mineralisation to over 600 metres long, 400 metres wide and an average thickness of 20 metres.

READ: White Cliff Minerals raises $2.3 million in rights issue and is now debt free

White Cliff’s managing director Todd Hibberd said: “Further assays at Coronation Dam continue to demonstrate the high grade nature of the cobalt mineralisation.

“The mineralised zone is now over 600 metres long, 400 metres wide and up to 56 metres thick (average 20 metres).

“Further assay results should be available shortly and on receipt of the final drilling results the company will be in a position to complete a geological and mineralisation model and to select samples for metallurgical testing.”

Project surrounded by infrastructure

Coronation Dam is 90 kilometres south of Glencore’s Murrin Murrin mining operation and 45 kilometres south of GME Resources’ proposed Mt Kilkenny nickel-cobalt processing facility.

The project is surrounded by world class mining infrastructure and multiple operating mines.

Glencore is currently mining cobalt and nickel from the Murrin East open pit which contained an initial resource of 66 million tonnes at 1.1% nickel and 0.09% cobalt.

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Mon, 19 Nov 2018 10:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209408/white-cliff-minerals-new-assays-feature-40-metres-at-022-cobalt-and-175-nickel-209408.html
<![CDATA[News - White Cliff Minerals raises $2.3 million in rights issue and is now debt free ]]> https://www.proactiveinvestors.com.au/companies/news/209047/white-cliff-minerals-raises-23-million-in-rights-issue-and-is-now-debt-free-209047.html White Cliff Minerals Ltd (ASX:WCN) has raised more than $2.3 million in a rights offer and is now debt free as it advances a gold project in the Kyrgyz Republic and a cobalt-nickel project in Western Australia.

The renounceable entitlements offer will result in the issue of almost 154 million shares and an equal number of options.

Applications were received totalling almost $1.109 million with the remaining shortfall of more than $1.2 million to be placed by the underwriter, CPS Capital Group Pty Ltd.

White Cliff’s managing director Todd Hibberd said, “The company is very pleased with the strong response to the rights offer and is now debt free.

“We are working to advance the Aucu Gold Project where the focus is on adding further resources and the Coronation Dam Cobalt-Nickel Project where the company will calculate a maiden resource.”

READ: White Cliff Minerals’ rights issue raising up to $2.3 million for Asian and Australian projects

The company has been advised by CPS Capital Group that it has received commitments from its clients to place all the shortfall shares.

The allocation of shortfall shares is expected to occur at the same time as rights issue acceptances are allocated.

As well as work at Aucu and Coronation Dam, funds will be used to repay debt and for general working capital.

READ: White Cliff Minerals appoints ex-Viking Mines, Mincor Resources director Jack Gardner as chairman

At Aucu, White Cliff intends to drill to define further gold to add to the resource of 3 million tonnes at 5.1 g/t for 484,000 ounces from surface.

The company will also carry out pre-development studies including metallurgy, environmental, economic and licence conversion.

Funds will also be allocated to define a resource and for preliminary metallurgical test work at the  Coronation Dam project.

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Tue, 13 Nov 2018 10:47:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209047/white-cliff-minerals-raises-23-million-in-rights-issue-and-is-now-debt-free-209047.html
<![CDATA[News - White Cliff Minerals appoints ex-Viking Mines, Mincor Resources director Jack Gardner as chairman ]]> https://www.proactiveinvestors.com.au/companies/news/207902/white-cliff-minerals-appoints-ex-viking-mines-mincor-resources-director-jack-gardner-as-chairman-207902.html White Cliff Minerals Ltd (ASX:WCN) has welcomed John William (Jack) Gardner as its new non-executive chairman today it progresses gold and cobalt strategies.

The engineer and former Viking Mines Ltd (ASX:VKA) chairman of seven years was an executive director of Mincor Resources NL (ASX:MCR) (FRA:MV3) (OTCMKTS:MCRZF) for 21 years, retiring from both postings in 2017.

READ: White Cliff Minerals’ rights issue raising up to $2.3 million for Asian and Australian projects

Outgoing White Cliff chairman Michael Langoulant will continue on as an executive director, with the company saying its restructure would allow it to strengthen the board as it developed its Aucu Gold Deposit in north-west Kyrgyz Republic.

White Cliff said: “We warmly welcome Jack to the team and believe his wide-ranging experience across different commodities in both production and exploration phases will be of significant value to the company.”

The company is hoping to extract value from the 90%-owned deposit in Kyrgyzstan and define cobalt resources at its cobalt-nickel projects in Australia.

Aucu has a 2.95 million tonnes inferred gold resource grading 5.1 g/t gold.

The project’s inferred copper resource has 17.2 million tonnes grading 0.37% copper for a contained 64,000 tonnes.

 

The company is currently rattling the tin, running a two-for-one renounceable rights offer for shareholders at a 1.5-cent issue price to raise up to $2,309,754.

For every new share issued, shareholders will receive one free attaching option exercisable at 4.5 cents on or before September 30, 2020.

The rights offer is being underwritten by Perth-based CPS Capital Group Pty Ltd to the tune of $500,000.

Each share picked up will include a free-attaching option exercisable at 4.5 cents on or before September 30, 2020.

READ: White Cliff Minerals seeks to divest non-core assets as part of corporate restructure

In Australia, White Cliff plans to focus on the cobalt and nickel project it holds south-east of Laverton.

White Cliff reported today: “Each of these projects have the potential to become significant mines in the near term.

“Although the projects are at early stages, White Cliff believes each could potentially support a stand-alone development of a size and quality that could rival some similar projects being promoted by the leaders in the Australian cobalt-nickel sector.

READ: White Cliff Minerals discovers new gold zone at Aucu in Kyrgyz Republic

The projects are found near Glencore PLC’s existing Murrin Murrin nickel-cobalt plant run by its wholly-owned subsidiary Minara Resources Pty Ltd and GME Resources Limited’s (ASX:GME) proposed Mt Kilkenny nickel-cobalt plant.

White Cliff said the proximity could “offer alternative development options.”

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Thu, 25 Oct 2018 23:17:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207902/white-cliff-minerals-appoints-ex-viking-mines-mincor-resources-director-jack-gardner-as-chairman-207902.html
<![CDATA[News - White Cliff Minerals’ rights issue raising up to $2.3 million for Asian and Australian projects ]]> https://www.proactiveinvestors.com.au/companies/news/207135/white-cliff-minerals-rights-issue-raising-up-to-23-million-for-asian-and-australian-projects-207135.html White Cliff Minerals Ltd (ASX:WCN) has launched a renounceable rights offer of two shares for every share held, at an issue price of 1.5 cents to raise up to $2,309,754.

For every new share issued, shareholders will receive one free attaching option exercisable at 4.5 cents on or before September 30, 2020.

The rights offer is underwritten to an amount of $500,000 by Perth based CPS Capital Group Pty Ltd.

Further Cobalt Nickel Mineralisation at Coronation Dam
Growing the next #cobalt deposit for Electric Vehicleshttps://t.co/58ZavbBGih pic.twitter.com/wlI2D4VXP0

— White Cliff Minerals (@WCMinerals) August 1, 2018

Interestingly, the shares offered are attractively priced at a 40% discount to the previous close.

White Cliff will use the funds raised by the rights offer for drilling to define further gold resources at its gold deposit in the Kyrgyz Republic (Aucu project already has a resource of 3 million tonnes at 5.1 g/t gold for 484,000 ounces from surface).

The company will also carry out pre-development studies including metallurgy, environmental, economic and licence conversion.

READ: White Cliff Minerals assays additional cobalt and nickel at Coronation Dam

White Cliff will also use the funds to define a resource and for preliminary metallurgical test work at its Coronation Dam Cobalt and Nickel Deposit in Western Australia.

Furthermore, the company has planned drilling to define cobalt and nickel resources at its Ghan Well Cobalt-Nickel project in Western Australia.

White Cliff managing director Todd Hibberd said: “The company has delivered two significant exploration outcomes this year with a 60% increase in the gold resource at the Aucu gold-copper project in the Kyrgyz Republic (now 3 million tonnes at 5.1 g/t containing 484,000 ounces of gold) and the identification of extensive and high grade cobalt and nickel results from the Coronation Dam project in Western Australia.

READ: White Cliff Minerals chairman buys up company shares

“Both projects have substantial economic potential and provide a platform for further strong positive news flow and resource updates.

“By undertaking a rights issue, all existing shareholders will be given the opportunity to acquire new shares at the same price with a free attaching option for which the company will seek ASX quotation.

“If the maximum funds are raised the company will be funded such that its primary focus can be on defining cobalt and nickel resources via drilling in WA and defining further gold and copper resources at the Aucu Gold project.”

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Tue, 16 Oct 2018 13:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207135/white-cliff-minerals-rights-issue-raising-up-to-23-million-for-asian-and-australian-projects-207135.html
<![CDATA[News - White Cliff Minerals has capital raising news pending, granted trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/206943/white-cliff-minerals-has-capital-raising-news-pending-granted-trading-halt-206943.html White Cliff Minerals Ltd (ASX:WCN) has news pending of a capital raising and has been granted a trading halt by the ASX.

The halt will remain until the company releases the announcement to the market or the start of trading on Tuesday, October 16, 2018, whichever occurs earliest.

Shares in White Cliff Minerals, which has a gold asset in the Kyrgyz Republic and cobalt-nickel properties in Western Australia, last traded at 2.5 cents.

READ: White Cliff Minerals seeks to divest non-core assets as part of corporate restructure

The company has recently undergone a corporate restructure, which included a consolidation of shares and a plan to divest non-core assets via sale, joint venture or spin out.

Focus on select assets

This will enable it to focus on advancing selected Australian cobalt and nickel deposits to JORC resources and ultimately operating mines, and extracting value from its Aucu Gold Project in the Kyrgyz Republic.

Although the cobalt-nickel properties southeast of Laverton in Western Australia are at early stages, the company believes each could potentially support a stand-alone development.

Aucu gold resource

Aucu hosts an inferred resource of 2.95 million tonnes at 5.1 g/t for 484,000 ounces of gold and an inferred copper resource of 17.2 million tonnes at 0.37% for 64,000 tonnes of copper.

Recent geochemical sampling across the porphyry area has highlighted multiple significant gold-copper and base metals targets, highlighting the scale potential of the mineralised system.

READ: White Cliff Minerals strengthens executive team with company secretary appointment

White Cliff has also strengthened its executive team by appointing experienced finance and corporate governance professional Ian Hobson as company secretary.

Hobson is a fellow chartered accountant and chartered secretary with more than 30 years' professional accounting experience gained working for large chartered accounting firms.

He brings a wealth of experience to White Cliff through his commercial experience in Australia, the UK and Canada.

He will contribute to White Cliff’s financial management, corporate governance, capital raising strategies and transaction and due diligence capabilities.

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Fri, 12 Oct 2018 12:16:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206943/white-cliff-minerals-has-capital-raising-news-pending-granted-trading-halt-206943.html
<![CDATA[News - White Cliff Minerals strengthens executive team with company secretary appointment ]]> https://www.proactiveinvestors.com.au/companies/news/205927/white-cliff-minerals-strengthens-executive-team-with-company-secretary-appointment-205927.html White Cliff Minerals Ltd (ASX:WCN) has strengthened its executive team through the appointment of experienced finance and corporate governance professional Ian Hobson as company secretary.

Hobson is a fellow chartered accountant and chartered secretary with in excess of 30 years' professional accounting experience.

This has been gained working for large chartered accounting firms together and he has commercial experience in Australia, the UK and Canada.

Hobson brings wealth of experience

He brings a wealth of experience to White Cliff contributing to financial management, corporate governance, capital raising strategies and transaction and due diligence capabilities drawn from exposure to a variety of industries.

The appointment follows a recent corporate restructure which included a consolidation of the company’s shares.

READ: White Cliff Minerals seeks to divest non-core assets as part of corporate restructure

This also sees the company seeking to divest non-core assets, including its Australian gold properties and the Bremer Range Cobalt-Nickel Project, via sale, joint venture or spin out.

In this regard, progress has been made with several parties indicating interest in these assets.

Divestment will enable White Cliff to focus on extracting value from its Aucu Gold Project in the Kyrgyz Republic and advancing selected Australian cobalt and nickel deposits to JORC resources and ultimately operating mines.

READ: White Cliff Minerals chairman buys up company shares

The 90%-owned Aucu project hosts an inferred gold resource of 2.95 million tonnes at 5.1 g/t for 484,000 ounces of gold and an inferred copper resource of 17.2 million tonnes at 0.37% for 64,000 tonnes of copper.

Recent geochemical sampling across the project’s porphyry area has highlighted multiple significant gold-copper and base metals targets, which highlight the scale potential of the mineralised system.

Focus on cobalt and nickel in WA

The company will also focus on its cobalt and nickel properties southeast of Laverton in Western Australia with each project having the potential to become significant mines in the near-term.

Although these projects are at early stages, White Cliff believes each could potentially support a stand-alone development.

The projects also benefit from being close to Glencore’s existing Murrin Murrin nickel-cobalt plant and GME Resources’ proposed Mt Kilkenny nickel-cobalt plant, which offer alternative development options.

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Fri, 28 Sep 2018 11:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205927/white-cliff-minerals-strengthens-executive-team-with-company-secretary-appointment-205927.html
<![CDATA[News - White Cliff Minerals chairman buys up company shares ]]> https://www.proactiveinvestors.com.au/companies/news/204078/white-cliff-minerals-chairman-buys-up-company-shares-204078.html White Cliff Minerals Ltd (ASX:WCN) has had 15.38 million of its shares purchased by the super fund of executive chairman Michael Langoulant.

Notably, Langoulant paid $46,147 for the shares and completed the purchase off-market.

The action increases his holding in White Cliff to 90.56 million shares.

READ: White Cliff Minerals seeks to divest non-core assets as part of corporate restructure

Yesterday White Cliff also outlined that it had received the necessary shareholder approval for a 50:1 share consolidation.

For example, the 3.84 billion shares on issue at the end of calendar 2018 will be consolidated into 76.9 million shares.

READ: White Cliff Minerals assays additional cobalt and nickel at Coronation Dam

Last month, White Cliff received another batch of assays from its 5,000-metre reverse circulation (RC) drill program at the Coronation Dam project in Western Australia.

Highlights included 24 metres at 0.19% (1,900 ppm) cobalt and 1.2% nickel from 8 metres depth.

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Tue, 04 Sep 2018 08:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204078/white-cliff-minerals-chairman-buys-up-company-shares-204078.html
<![CDATA[News - White Cliff Minerals seeks to divest non-core assets as part of corporate restructure ]]> https://www.proactiveinvestors.com.au/companies/news/202256/white-cliff-minerals-seeks-to-divest-non-core-assets-as-part-of-corporate-restructure-202256.html White Cliff Minerals Ltd (ASX:WCN) will seek shareholder approval to consolidate its issued share structure on a 50:1 basis and will also seek to divest non-core assets.

In conjunction with the consolidation, the directors have agreed to cancel all outstanding performance incentives for no consideration.

Post-consolidation, White Cliff will focus on extracting value for its gold deposit in the Kyrgyz Republic and advancing selected Australian cobalt and nickel deposits to JORC compliant resources and ultimately operating mines.

READ: White Cliff Minerals assays additional cobalt and nickel at Coronation Dam

White Cliff is planning to focus on its cobalt and nickel projects located south-east of Laverton.

Although the projects are at early stages, the company believes each could potentially support a stand-alone development of a size and quality that could rival some similar projects being promoted by the leaders in the Australian cobalt-nickel sector.

The White Cliff projects benefit from being located close to Glencore’s (LON:GLEN) existing Murrin Murrin nickel-cobalt plant and GME Resources’ (ASX:GME) proposed Mt Kilkenny nickel-cobalt plant, which offers alternative development options.

READ: White Cliff Minerals upgrades gold and copper resources in the Kyrgyz Republic

White Cliff will also focus on extracting value from its 90%-owned Aucu Gold Project in the Kyrgyz Republic, which contains a gold resource of 484,000 ounces and a copper resource of 64,000 tonnes.

Recent geochemical sampling across the project porphyry area has revealed multiple significant gold-copper and base metals targets highlighting the potential of this mineralised system.

The company is actively seeking interested parties to assist with the development of the project; and/or to acquire the project outright.

Corporate restructure

Due to the company’s unwieldy issued capital structure and the granularity of changes in its share price at the current depressed prices, White Cliff has decided to seek shareholder approval to consolidate its issued shares on a 50:1 basis.

The company is also seeking to divest non-core assets including the Australian Gold assets and the Bremer range cobalt and nickel project via sale, joint venture or spin out.

In addition, White Cliff will endeavour to convert some existing debt into scrip.

A review of the composition and roles of the board of directors will also be undertaken.

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Mon, 06 Aug 2018 15:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202256/white-cliff-minerals-seeks-to-divest-non-core-assets-as-part-of-corporate-restructure-202256.html
<![CDATA[News - White Cliff Minerals assays additional cobalt and nickel at Coronation Dam ]]> https://www.proactiveinvestors.com.au/companies/news/201964/white-cliff-minerals-assays-additional-cobalt-and-nickel-at-coronation-dam-201964.html White Cliff Minerals Ltd (ASX:WCN) has received another batch of assays from its 5,000-metre reverse circulation (RC) drill program at the Coronation Dam project in Western Australia.

Highlights include 24 metres at 0.19% (1,900 ppm) cobalt and 1.2% nickel from 8 metres depth.

READ: White Cliff Minerals discovers 550-metre wide cobalt zone at Coronation Dam

White Cliff’s managing director Todd Hibberd said: “Further assays at Coronation Dam continue to demonstrate the high-grade nature of the cobalt mineralisation.

“The mineralised zone is now over 200 metres long, 400 metres wide and up to 56 metres thick (average 25 metres).

“Further assay results should be available shortly and on receipt of the final drilling results the company will be in a position to select samples for metallurgical testing.”

Located near mining infrastructure

Coronation Dam is surrounded by world-class mining infrastructure and multiple operating mines.

It is located 90 kilometres south of Glencore’s Murrin Murrin mining operation and 45 kilometres south of GME Resources’ proposed Mt Kilkenny nickel-cobalt processing facility.

Existing drilling has only partly tested the mapped ultramafic unit at Coronation Dam, indicating there is potential to identify significant additional mineralisation.

The proximity of Coronation Dam to the Murrin Murrin nickel refinery is likely to have a positive impact on the possibility of economic development of both the cobalt and nickel mineralisation.

Further assays expected shortly

Highlights from the latest batch of assays includes:

• 24 metres at 0.19% cobalt and 1.2% nickel from 8 metres;
• 8 metres at 0.16% cobalt and 1.0% nickel from surface;
• 56 metres at 0.06% cobalt and 0.90% nickel from 20 metres;
• 32 metres at 0.05% cobalt and 0.80% nickel from 44 metres; and
• 4 metres at 0.24% cobalt and 1.53% nickel from 76 metres.

The remaining assays from the 5,000-metre program are expected shortly.

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Wed, 01 Aug 2018 11:13:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201964/white-cliff-minerals-assays-additional-cobalt-and-nickel-at-coronation-dam-201964.html
<![CDATA[News - White Cliff Minerals discovers 550-metre wide cobalt zone at Coronation Dam ]]> https://www.proactiveinvestors.com.au/companies/news/201490/white-cliff-minerals-discovers-550-metre-wide-cobalt-zone-at-coronation-dam-201490.html White Cliff Minerals Ltd (ASX:WCN) has discovered a 550-metre wide zone of cobalt mineralisation at its Coronation Dam project, 90 kilometres from the Murrin Murrin Nickel Refinery in Western Australia.

Initial drilling results show that this zone is up to 40 metres thick and extends from the surface up to a depth of 65 metres.

The results are from one of the first cross-sections drilled in the central part of the deposit to confirm historical drilling results at the project in the north-eastern Goldfields.

 

White Cliff managing director Todd Hibberd said: “Initial assays at Coronation Dam validate the historical drilling and demonstrate the high-grade nature of the mineralisation.

“We were surprised at the 550 metres wide zone of cobalt mineralisation and at the thickness of some of the intervals which are better than anticipated.

“Further assay results should be available shortly and on receipt of the final drilling results the company will be in a position to select samples for metallurgical testing.”

READ: White Cliff Minerals identifies thick cobalt and nickel intervals at Coronation Dam

- 40 metres at 0.11% cobalt and 1.04% nickel from 16 metres including 15 metres at 0.20% cobalt and 1.1% nickel from 29 metres;

- 20 metres at 0.27% cobalt and 0.66% nickel from 28 metres including 1 metre at 0.95% cobalt and 0.97% nickel from 31 metres and 1 metre at 0.63% cobalt and 0.70% nickel from 35 metres;

- 12 metres at 0.06% cobalt at 0.93% nickel from 8 metres; and

- 12 metres at 0.05% cobalt and 0.85% nickel from 36 metres.

Once all assay results have been received the company will undertake metallurgical testing to further advance development of the project.

Further assay results imminent

The company expects further results within two weeks.

Geologically the mineralisation occurs in extremely weathered clays derived from the underlying ultramafic rocks.

Host rocks are rich in nickel with a background concentration of around 0.2% nickel.

The deposit occurs on the side of a low hill and dips shallowly to the West.

White Cliff’s suite of battery metals projects in the north-eastern Goldfields.

White Cliff’s interpretation is that additional ultramafic rock has weathered and shed from the hill, and been incorporated in the deposit increasing the thickness of mineralisation.

Cobalt and nickel mineralisation varies from hole to hole, which reflects the variable composition and layering of the underlying ultramafic unit.

READ: White Cliff Minerals drills out more cobalt, nickel and copper at Coglia Well

As well as being near Murrin Murrin, the 16 square kilometre Coronation Dam project is 45 kilometres from GME Resources Limited’s (ASX:GME) proposed Mt Kilkenny nickel-cobalt processing facility.

Glencore PLC (LON:GLEN) is mining cobalt and nickel from the Murrin East open pit which contained an initial resource of 66 million tonnes at 1.1% nickel and 0.09% cobalt.

The proximity of Coronation Dam to the Murrin Murrin refinery is likely to have a strong, positive impact on the possibility of economic development of the cobalt and nickel mineralisation.

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Wed, 25 Jul 2018 09:08:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201490/white-cliff-minerals-discovers-550-metre-wide-cobalt-zone-at-coronation-dam-201490.html
<![CDATA[Media files - White Cliff Minerals returns positive drill results at Coglia Well ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9897/white-cliff-minerals-returns-positive-drill-results-at-coglia-well-9897.html Thu, 19 Jul 2018 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9897/white-cliff-minerals-returns-positive-drill-results-at-coglia-well-9897.html <![CDATA[News - White Cliff Minerals drills out more cobalt, nickel and copper at Coglia Well ]]> https://www.proactiveinvestors.com.au/companies/news/200315/white-cliff-minerals-drills-out-more-cobalt-nickel-and-copper-at-coglia-well-200315.html White Cliff Minerals Ltd (ASX:WCN) has received its final batch of assays from drilling at its 100%-owned Coglia Well cobalt-nickel project near Laverton in Western Australia.

Significantly, drilling intersected substantial cobalt-nickel mineralisation in several consecutive holes extending across a width of 850 metres.

Highlights included 4 metres at 0.11% cobalt and 3.20% nickel from 43 metres and 2 metres at 0.38% cobalt and 1.05% nickel from 65 metres.

READ: White Cliff Minerals reveals more cobalt and nickel from drilling at Coglia Well

As with earlier assays, several holes ended in cobalt-nickel mineralisation meaning further drilling will be required to test the true potential of mineralisation.

Drilling also intersected significant copper mineralisation including; 23 metres at 1,024ppm copper.

These grades are highly anomalous and may be associated with a sulphide source.

Follow-up drilling being planned

White Cliff’s managing director Todd Hibberd said: “The final batch of assay results from the Coglia cobalt project has identified more cobalt and nickel mineralisation at significant grades including 3 metres at 3.85% nickel 0.12% cobalt and 346ppm copper.

“The identification of highly anomalous copper grades (23 metres at 1,024ppm copper) and nearby nickel grades up to 4.23% nickel is suggestive of a nearby sulphide source for the mineralisation.

“The copper anomalism appears to increase towards the contact between the ultramafic unit and the underlying felsic volcanic rock, the classical position for nickel-copper sulphide mineralisation.

“The company is currently planning follow up drilling.”

Larger drill rig required

The aircore drilling equipment was unable to penetrate the silica layer and did not penetrate to the deeper parts of the mineralised zone that occurs from 75-100 metres deep.

Due to hard ground conditions, further drilling programs will be conducted with a larger drill rig.

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Mon, 09 Jul 2018 09:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200315/white-cliff-minerals-drills-out-more-cobalt-nickel-and-copper-at-coglia-well-200315.html
<![CDATA[News - White Cliff Minerals identifies thick cobalt and nickel intervals at Coronation Dam ]]> https://www.proactiveinvestors.com.au/companies/news/200246/white-cliff-minerals-identifies-thick-cobalt-and-nickel-intervals-at-coronation-dam-200246.html White Cliff Minerals Ltd (ASX:WCN) has identified thick cobalt and nickel intervals while logging core from drilling at the Coronation Dam Cobalt-Nickel Project in Western Australia.

Mineralisation was identified on multiple drill lines, from surface and extends to a depth of up to 80 metres.

Initial assay results from the reverse circulation (RC) program, which was expanded to 5,000 metres from 3,000 metres based on observed geology, are expected within two weeks.

READ: White Cliff Minerals gets full allocation of explorer tax credits

White Cliff managing director Todd Hibberd said: “We are very encouraged by the drilling completed at the Coronation Dam project.

“Geological logging of the drilling identified wide intervals of cobalt-nickel mineralisation that supports historical drilling results.

“On receipt of the final drilling results the company will undertake metallurgical testing to further advance the development of this project.”

Historical drill results

The drilling targeted extensive shallow cobalt and nickel mineralisation identified by historical drilling.

This returned best results of 6 metres at 0.42% cobalt and 1% nickel from 20 metres, and 24 metres at 0.23% cobalt and 0.80% nickel from 20 metres.

Expansion of the program allowed a 1,200-metre long zone to be tested rather than the originally planned 800-metre long zone.

Zone extends further

The mineralised zone extends a further 4,500 metres and remains to be tested by RC drilling.

Hibberd said: “In an environment of rising cobalt prices, limited cobalt supply capacity and rapidly growing cobalt demand, there is an opportunity to substantially increase shareholder value.

“This would come through development of the project and other promising cobalt-nickel assets in our portfolio.”

READ: White Cliff Minerals reveals more cobalt and nickel from drilling at Coglia Well

The company is awaiting further assay results from drilling at the Coglia Well Cobalt Project, also in Western Australia’s north-eastern goldfields.

Coronation Dam is 90 kilometres south of Glencore PLC’s (LON:GLEN) Murrin Murrin operation and 45 kilometres southeast of GME Resources Limited’s (ASX:GME) proposed Mt Kilkenny nickel-cobalt processing facility.

Multiple operating mines

The project is surrounded by world-class mining infrastructure and multiple operating mines. Glencore is mining cobalt and nickel from the Murrin East open pit which contained an initial resource of 66 million tonnes at 1.1% nickel and 0.09% cobalt.

Coronation Dam covers 16 square kilometres and contains an outcropping ultramafic unit that is about 1 kilometre wide and 5.7 kilometres long.

The proximity of this project to the Murrin Murrin nickel refinery is likely to have a strong, positive impact on the possibility of economic development of the cobalt and nickel mineralisation.

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Fri, 06 Jul 2018 12:08:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200246/white-cliff-minerals-identifies-thick-cobalt-and-nickel-intervals-at-coronation-dam-200246.html
<![CDATA[News - White Cliff Minerals gets full allocation of explorer tax credits ]]> https://www.proactiveinvestors.com.au/companies/news/199903/white-cliff-minerals-gets-full-allocation-of-explorer-tax-credits-199903.html White Cliff Minerals Ltd (ASX:WCN) has received the full allocation of its tax credits valued at $550,000 as under the ATO’s Junior Minerals Exploration Incentive (JMEI) scheme.

Some or all of these credits may be distributed to eligible White Cliff shareholders as a tax offset or franking credit in the 2019 financial year.

To be eligible, shareholders must participate in fundraising activities during the 2019 financial year.

READ: White Cliff Minerals reveals more cobalt and nickel from drilling at Coglia Well

Most recently, White Cliff received encouraging drilling results from its 100%-owned Coglia Well cobalt-nickel project near Laverton in the Western Australian goldfields.

Significant cobalt-nickel mineralisation has been identified in several consecutive holes extending across a width of 800 metres, with assay results including:

• 17 metres at 0.11% cobalt and 1.01% nickel from 78 metres;
• 10 metres at 0.04% cobalt and 0.3% nickel from 43 metres; and
• 16 metres at 0.04% cobalt and 0.3% nickel from 45 metres.

Building towards a JORC resource

During the June quarter, White Cliff completed a 3,000-metre and 5,000-metre reverse circulation drill programs at the Coglia Well and Coronation Dam projects.

Both projects are targeting cobalt-nickel and are located in Western Australia.

White Cliff’s focus is on drilling to define JORC cobalt-nickel mineral resources.

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Mon, 02 Jul 2018 09:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199903/white-cliff-minerals-gets-full-allocation-of-explorer-tax-credits-199903.html
<![CDATA[News - White Cliff Minerals reveals more cobalt and nickel from drilling at Coglia Well ]]> https://www.proactiveinvestors.com.au/companies/news/198989/white-cliff-minerals-reveals-more-cobalt-and-nickel-from-drilling-at-coglia-well-198989.html White Cliff Minerals Ltd (ASX:WCN) has received encouraging drilling results from its 100%-owned Coglia Well cobalt-nickel project near Laverton in the Western Australian goldfields.

Significant cobalt-nickel mineralisation has been identified in several consecutive holes extending across a width of 800 metres, with assay results including:

• 17 metres at 0.11% cobalt and 1.01% nickel from 78 metres;
• 10 metres at 0.04% cobalt and 0.3% nickel from 43 metres; and
• 16 metres at 0.04% cobalt and 0.3% nickel from 45 metres.

READ: White Cliff Minerals focuses on cobalt projects, maximising value while commodity price soars

White Cliff managing director Todd Hibberd said: “The second batch of assay results from the Coglia cobalt project has identified more cobalt and nickel mineralisation that is 10-20 metre thick and up to 1000 metres wide.

“The width and thickness of the mineralised layer is very encouraging considering these results are 3 kilometres north of the previously released results suggesting that the deposit has good length continuity.

“Interestingly, the results are associated with copper anomalies suggesting that there may be a sulphide component to the mineralisation.”

READ: White Cliff Minerals drills out near-surface cobalt and nickel

Further assay results are due shortly for the southern two lines that if mineralised will confirm the grade and scale of the cobalt and nickel mineralisation identified in previous drilling.

White Cliff will then commence metallurgical test work to evaluate processing methods and economics.

READ: White Cliff Minerals commences drilling cobalt targets at Coronation Dam

Last month, the company started drilling cobalt targets at its Coronation Dam Project in Western Australia.

Drilling is targeting zones with historical drill intersections featuring 16 metres at 0.42% cobalt and 1% nickel from 20 metres.

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Mon, 18 Jun 2018 12:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198989/white-cliff-minerals-reveals-more-cobalt-and-nickel-from-drilling-at-coglia-well-198989.html
<![CDATA[News - White Cliff Minerals upgrades gold and copper resources in the Kyrgyz Republic ]]> https://www.proactiveinvestors.com.au/companies/news/197873/white-cliff-minerals-upgrades-gold-and-copper-resources-in-the-kyrgyz-republic-197873.html White Cliff Minerals Ltd (ASX:WCN) has upgraded the inferred gold resource for its Aucu Project in the Kyrgyz Republic to 2.95 million tonnes at 5.1 g/t gold containing 484,000 ounces of gold.

The new resource represents a 60% increase in ounces of contained gold over the previous gold resource of 302,000 ounces reported in April 2017.

White Cliff has also revealed an updated inferred copper resource for the Chanach Copper deposit of 17.2 million tonnes at 0.37% copper for 64,000 tonnes of contained copper.

The new inferred copper resource represents a 46% increase in contained copper over the previous contained copper resource of 44,870 tonnes reported in April 2017.

Resource remains open along strike and at depth

It is worth noting that the gold and copper inferred resources start at surface, have only been shallowly drilled in most areas and remain open along strike and at depth.

The reported gold resources represent less than 5% of mineralised faults identified by rock-chip sampling within the Aucu Project tenements to date.

About 95% of the mineralised faults identified by rock-chip sampling are still to be drilled.

The gold-bearing mineralised structures extend beyond the current resource estimate area over a length greater than 3,000 metres and occur as multiple lodes.

Exploration recommenced

The company has recommenced exploration with the establishment of the field camp and is currently conducting an extensive soil geochemical survey to refine gold, copper and lead-zinc anomalies.

White Cliff managing director Todd Hibberd said: “The 60% increase in the JORC code compliant inferred gold resource from 302,000 ounces to 484,000 ounces based on a small drilling program indicates just how prospective the project actually it.

“The quality of the current resource combined with the rock chip and soil geochemical sampling of the extensive mineralised systems shows that the Aucu gold project has significant potential for substantially more gold and copper resources to be identified from further drilling.”

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Wed, 30 May 2018 11:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197873/white-cliff-minerals-upgrades-gold-and-copper-resources-in-the-kyrgyz-republic-197873.html
<![CDATA[News - White Cliff Minerals focuses on cobalt projects, maximising value while commodity price soars ]]> https://www.proactiveinvestors.com.au/companies/news/196690/white-cliff-minerals-focuses-on-cobalt-projects-maximising-value-while-commodity-price-soars-196690.html White Cliff Minerals Ltd (ASX: WCN) has started reverse circulation drilling at its Coronation Dam cobalt project near Kookynie in Western Australia’s north-eastern Goldfields.

The drilling is targeting extensive shallow cobalt and nickel mineralisation at the central and fence line zones identified by historical drilling.

This is an important juncture in the company’s exploration program, particularly given that management recently stamped its three cobalt-nickel projects as key priorities in 2018.

Mineralisation identified at shallow depths

The 3000-metre drilling program will focus on cobalt mineralisation identified in historical drilling.

A feature of previous exploration was the occurrence of wide intersections at shallow depths.

Some of the more prominent returns were 16 metres at 0.42% cobalt and 1% nickel from 20 metres, including 24 metres at 0.23% cobalt and 0.80% nickel from 20 metres.

Another relatively broad intersection at a shallow depth was 28 metres at 0.13% cobalt and 0.74% nickel from 8 metres.

Drilling paves the way for resource estimate

The initial drill program is testing an 800-metre long section of the 5,700-metre long mineralised zone with 200-metre drill line spacing and 100-metre hole spacing.

These exploration results combined with those from a second drill program should allow the company to establish a resource estimate.

As mentioned, the cobalt projects generally are a priority, but the Coronation Dam project is of particular significance given it contained the best grades.

READ: White Cliff Minerals commences drilling cobalt targets at Coronation Dam

Coronation Dam is also in a prime location, 90 kilometres south of Glencore PLC’s (LON:GLEN) Murrin Murrin mining operation.

It is also only 45 kilometres south of GME Resources’ (ASX:GME) proposed Mt Kilkenny nickel-cobalt processing facility.

Hibberd keen to take quick advantage of cobalt price

White Cliff managing director Todd Hibberd said: “We are very pleased to commence drilling at Coronation Dam as it has the highest cobalt grades in our portfolio of cobalt-nickel projects.

“The program aims to validate the historical results and create a platform for the company to rapidly develop JORC compliant cobalt-nickel resources with subsequent drill programs.

“In an environment of rising cobalt prices, limited cobalt supply capacity and rapidly growing cobalt demand, there is an opportunity to substantially increase shareholder value through the development of the project and other promising cobalt-nickel assets in our portfolio.”

Cobalt price still flying high

Indeed, the cobalt price remains in good shape having increased more than 300% from US$23,250 per tonne in May 2016 to an all-time high of US$95,250 per tonne in March.

While there was a retracement to about US$89,000 per tonne in April, the price appears to have since plateaued and is currently US$88,750 per tonne.

Forward indicators looking sound

The Purchasing Managers Index (PMI) is a useful lead indicator of economic health, particular activity in the manufacturing sector which consumes a large proportion of cobalt.

This indicates that the demand side of the equation should provide commodity price support in the immediate term.

These numbers were fairly buoyant in April, even though China didn’t deliver its normal outstanding performance.

Compensating for this though was the European region where there were strong performances from Germany (58.1), France (53.8) and the UK (53.9).

The US was also robust at 56.5 and with President Trump looking to crank up the rustbelt, there should be significant support for the manufacturing industry.

Assay results received from Coglia Well

Aside from Coronation Dam, White Cliff has also been active at its Coglia Well project near Laverton in Western Australia.

Assay results were received for holes drilled along the first two of six lines, showing shallow and wide intervals of cobalt and nickel mineralisation.

READ:  White Cliff Minerals drills out near-surface cobalt and nickel

Among the best results were 20 metres at 0.1% cobalt and 0.7% nickel from 32 metres and 16 metres at 0.12% cobalt and 0.5% nickel from 40 metres.

Management highlighted that the initial results confirmed the high grade of cobalt and nickel mineralisation along that particular line.

It expects assays from the other lines will provide further evidence of the grade and potential scale of the Coglia Well deposit.

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Thu, 10 May 2018 10:08:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196690/white-cliff-minerals-focuses-on-cobalt-projects-maximising-value-while-commodity-price-soars-196690.html
<![CDATA[News - White Cliff Minerals commences drilling cobalt targets at Coronation Dam ]]> https://www.proactiveinvestors.com.au/companies/news/196599/white-cliff-minerals-commences-drilling-cobalt-targets-at-coronation-dam-196599.html White Cliff Minerals Ltd (ASX:WCN) has commenced drilling cobalt targets at its Coronation Dam Project in Western Australia.

Drilling is targeting zones with historical drill intersections featuring 16 metres at 0.42% cobalt and 1% nickel from 20 metres.

The initial program will test an 800-metre long section of the 5,700-metre long mineralisation zone.

Drilling is designed to allow for a JORC resource to be estimated following a second drill program.

READ: White Cliff Minerals secures $1.66 million in exploration funding for cobalt, nickel and gold

White Cliff’s managing director Todd Hibberd said: “We are very pleased to commence drilling at Coronation Dam as it has the highest cobalt grades in our portfolio of cobalt-nickel projects.

“The program aims to validate the historical results and create a platform for the company to rapidly develop JORC compliant cobalt-nickel resources with subsequent drill programs.

“In an environment of rising cobalt prices, limited cobalt supply capacity and rapidly growing cobalt demand, there is an opportunity to substantially increase shareholder value through the development of the project and other promising cobalt-nickel assets in our portfolio.”

After the drill program, three-dimensional modelling on the mineralisation will be complete in preparation for further drilling and resource estimation.

READ: White Cliff Minerals drills out near-surface cobalt and nickel

White Cliff is also waiting on further assay results from aircore drilling at its 100%-owned Coglia Well Cobalt-Nickel Project near Laverton in Western Australia.

It received the first batch of assays in mid-late April which revealed cobalt mineralisation 400 metres wide and 16-20 metre thick.

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Wed, 09 May 2018 11:54:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196599/white-cliff-minerals-commences-drilling-cobalt-targets-at-coronation-dam-196599.html
<![CDATA[News - White Cliff Minerals drills out near-surface cobalt and nickel ]]> https://www.proactiveinvestors.com.au/companies/news/195415/white-cliff-minerals-drills-out-near-surface-cobalt-and-nickel-195415.html White Cliff Minerals Ltd (ASX:WCN) has received its first batch of assays from aircore drilling at its 100%-owned Coglia Well Cobalt-Nickel Project near Laverton in Western Australia.

Aircore drilling is aiming to verify historical drill results and test the scale of cobalt and nickel mineralisation.

Seven lines of shallow drill holes have been completed with assays received from the first two lines – results feature 20 metres at 0.1% cobalt and 0.7% nickel from 32 metres.

Significant cobalt-nickel mineralisation has been identified

2,869 metres of air core drilling has been completed and assays received reveal cobalt mineralisation 400 metres wide and 16-20 metre thick.

Result highlights include:

• 16 metres at 0.12% cobalt and 0.52% nickel from 40 metres;
• 20 metres at 0.1% cobalt and 0.7% nickel from 32 metres;
• 16 metres at 0.06% cobalt and 0.51% nickel from 34 metres; and
• 13 metres at 0.04% cobalt and 0.78% nickel from 38 metres.

Assays from a further six lines of drill holes remain pending at Coglia Well while reverse circulation (RC) drilling is expected to commence shortly at the nearby Coronation Dam project.

READ: White Cliff Minerals secures $1.66 million in exploration funding for cobalt, nickel and gold

White Cliff’s managing director Todd Hibberd said: “The company is very pleased with the initial assay results from Coglia Well, which confirm the high grade of the cobalt mineralisation on this section line.

“We expect further assay results in the coming weeks to confirm the grade and scale of the cobalt and nickel mineralisation identified in previous drilling.

“The company will then commence metallurgical test work to evaluate processing methods and economics.

“RC Drilling will shortly commence at the Coronation Dam cobalt-nickel project to evaluate the zones of high-grade cobalt mineralisation identified in previous drilling.”

Neighbouring cobalt and nickel deposits support area’s potential

Notably, Glencore PLC’s (LON:GLEN) adjacent Irwin Hills cobalt and nickel deposits contain 29 million tonnes at 0.11% cobalt and 1% nickel.

A single RC hole drilled 2.5 kilometres south of the main mineralisation, encountered 28 metres at 0.12% cobalt and 0.55% nickel.

There is a further 7 kilometres of untested prospective ultramafic rock to the tenement boundary adjacent to Glencore’s deposit.

This supports the notion that the ultramafic rock hosting this cobalt and nickel mineralisation continues into White Cliff’s tenement.

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Fri, 20 Apr 2018 09:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195415/white-cliff-minerals-drills-out-near-surface-cobalt-and-nickel-195415.html
<![CDATA[News - White Cliff Minerals secures $1.66 million in exploration funding for cobalt, nickel and gold ]]> https://www.proactiveinvestors.com.au/companies/news/193748/white-cliff-minerals-secures-166-million-in-exploration-funding-for-cobalt-nickel-and-gold-193748.html White Cliff Minerals Ltd (ASX:WCN) has secured $1.66 million from its partially underwritten 1:6 rights issue priced at 0.3 cents.

The company received valid applications for 333 million ordinary shares representing $999,100 in the rights issue.

Underwriter receives demand to take all shortfall stock

Originally the rights issue was underwritten up to the value of $1 million but now the underwriter has revealed it will take all remaining shortfall stock.

This means 220.17 million shares will be issued to the underwriter who will then allocate these shares to investors.

Funding a dual strategy for cobalt-nickel and gold projects

The new funding will be used to further advance the company’s exploration projects both in the Australia and Kyrgyz Republic.

READ: White Cliff Minerals adopts dual strategy for cobalt-nickel and gold projects

White Cliff recently revealed that it has adopted a dual strategy focused on advancing its Western Australian cobalt-nickel projects at the same time as its Kyrgyz Republic gold project.

The cobalt strategy is focusing on resource definition drilling aimed at crystallising the cobalt-nickel value.

White Cliff’s gold strategy is focusing on increasing gold and copper resources at the advanced Aucu project.

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Mon, 26 Mar 2018 12:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193748/white-cliff-minerals-secures-166-million-in-exploration-funding-for-cobalt-nickel-and-gold-193748.html
<![CDATA[News - White Cliff Minerals adopts dual strategy for cobalt-nickel and gold projects ]]> https://www.proactiveinvestors.com.au/companies/news/193429/white-cliff-minerals-adopts-dual-strategy-for-cobalt-nickel-and-gold-projects-193429.html White Cliff Minerals Ltd (ASX:WCN) has adopted a dual strategy focused on advancing its Western Australian cobalt-nickel projects at the same time as its Kyrgyz Republic gold project.

The cobalt strategy is focusing on resource definition drilling aimed at crystallising the cobalt-nickel value.

White Cliff’s gold strategy is focusing on increasing gold and copper resources at the advanced Aucu project.

READ: White Cliff Minerals launches rights issue for cobalt nickel gold exploration

Managing director Todd Hibberd said: “While Aucu remains a priority, the potential of the cobalt-nickel project portfolio the company has accumulated is extremely exciting.

“The cobalt pricing environment and the forecast sustained cobalt demand and supply shortages due to the expansion of new technology batteries bodes well for continued interest in this suite of projects.”

READ: White Cliff Minerals begins drilling for cobalt and nickel at Coglia Well project

White Cliff has three cobalt-nickel projects in Western Australia’s Goldfields and believes that in the current environment, it makes strong commercial sense to advance exploration.

The company has a suite of prospects in the Goldfields region of Western Australia.

A review of the cobalt and nickel potential within its project portfolio has resulted in the company moving along this path.

Encouraging cobalt-nickel intersections have been returned from previous drilling at its Coronation Dam and Coglia Well projects.

White Cliff also owns the Ghan Well project where near-surface cobalt-nickel mineralisation has been identified over an 11-kilometre strike length.

Drilling aimed at generating resources

Drilling programs at Coglia Well, Coronation Dam and Ghan Well are aimed at generating JORC compliant resources.

An initial 3000-metre drilling program is underway at Coglia Well.

The company believes each could potentially support a standalone development of a size and quality rivalling some similar projects being promoted by Australian cobalt-nickel sector leaders.

READ: White Cliff Minerals directors make further on-market purchases

“These are genuine projects that have a realistic chance of being developed,” Hibberd said.

“Not least because of their location” close to Glencore’s Murrin Murrin nickel-cobalt plant and GME Resources Limited's (ASX:GME) proposed Mt Kilkenny nickel-cobalt plant.

Updated estimate for Aucu

The company is compiling an updated resource estimate for the Aucu Gold Project which is within the broader Chanach project in the Kyrgyz Republic.

White Cliff’s Aucu Gold Project is in the northwest of the Kyrgyz Republic.

This updated resource should be available early next month based on drilling undertaken during the 2017 field season.

Aucu contains an inferred resource of 1.8 million tonnes at 5.2 g/t gold for 302,000 ounces.

Recent sampling across the porphyry area has highlighted multiple gold-copper and base metals targets, which highlight the scale potential of this mineralised system.

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Tue, 20 Mar 2018 12:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193429/white-cliff-minerals-adopts-dual-strategy-for-cobalt-nickel-and-gold-projects-193429.html
<![CDATA[News - White Cliff Minerals directors make further on-market purchases ]]> https://www.proactiveinvestors.com.au/companies/news/193419/white-cliff-minerals-directors-make-further-on-market-purchases-193419.html White Cliff Minerals Ltd (ASX:WCN) directors continue to demonstrate confidence in the company’s dual cobalt-nickel and gold strategies by acquiring shares on-market.

Managing director Todd Hibberd has acquired a further 498,850 shares on-market at 0.4 cents each, taking his holding to 69 million.

Non-executive director Rodd Boland has acquired 500,000 shares on-market at 0.4 cents each and now holds 9.89 million shares.

READ: White Cliff Minerals chairman makes fourth share purchase this month

Earlier in March, Hibberd had acquired two parcels of shares for a total of almost 5 million while chairman Michael Langoulant has this month acquired four parcels for a total of 7 million shares.

Closing date for acceptances in the company’s 1:6 rights issue to raise up to $1.66 million is Thursday, March 22.

Funds for exploration and drilling

The majority of funds will be used to fund exploration and drilling of White Cliff’s Western Australian cobalt-nickel projects and ongoing exploration of the Chanach copper-gold project in the Kyrgyz Republic.

Funds will also be allocated to general working capital and offer expenses.

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Tue, 20 Mar 2018 09:17:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193419/white-cliff-minerals-directors-make-further-on-market-purchases-193419.html
<![CDATA[News - White Cliff Minerals chairman makes fourth share purchase this month ]]> https://www.proactiveinvestors.com.au/companies/news/193119/white-cliff-minerals-chairman-makes-fourth-share-purchase-this-month-193119.html White Cliff Minerals Ltd (ASX:WCN) chairman Michael Langoulant has made his fourth purchase of shares in the company this month, displaying his confidence in the growth strategy.

He has purchased a further 500,000 shares at 0.4 cents each, taking his total acquisitions in March to 7 million.

READ: White Cliff Minerals directors continue to demonstrate confidence in company through on-market purchases

The chairman now has more than 61 million shares in the company, which is exploring battery metals and gold prospects in Western Australia and also has a gold project in the Kyrgyz Republic.

Managing director Todd Hibberd has also acquired two parcels of shares this month for a total of almost 5 million and he now holds more than 68.5 million shares.

1:6 rights issue

White Cliff is undertaking a 1:6 rights issue to raise up to $1.66 million with the issue underwritten up to the value of $1 million.

For each new share, the shareholders will also receive one free attaching option with an exercise price of 1 cent and an expiry date of June 30, 2019.

A prospectus has been sent to eligible shareholders and the closing date for acceptances is March 22, 2018.

READ: White Cliff Minerals begins drilling for cobalt and nickel at Coglia Well project

The company has started an initial 3000-metre drilling program at its Coglia Well cobalt and nickel project in Western Australia’s Northeast Goldfields.

The program is aimed at verifying existing results and defining the grade and scale of cobalt and nickel mineralisation.

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Wed, 14 Mar 2018 14:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193119/white-cliff-minerals-chairman-makes-fourth-share-purchase-this-month-193119.html
<![CDATA[News - White Cliff Minerals begins drilling for cobalt and nickel at Coglia Well project ]]> https://www.proactiveinvestors.com.au/companies/news/193031/white-cliff-minerals-begins-drilling-for-cobalt-and-nickel-at-coglia-well-project-193031.html White Cliff Minerals Ltd (ASX:WCN) has commenced an initial 3000-metre drilling program at its 100%-owned Coglia Well cobalt and nickel project in Western Australia’s north-eastern goldfields.

READ: White Cliff Minerals sees prospect for shallow cobalt nickel mining at Coglia Project

Todd Hibberd, managing director, said: “The company is very pleased to be able to commence drilling at the Coglia Well cobalt and nickel project.

“The 3000 metre program is aimed at verifying existing results and defining the grade and scale of the cobalt and nickel mineralisation.

“Success from this drilling will lead to a major drilling campaign to define JORC compliant cobalt and nickel resources.”

 

Cobalt and Nickel Mineralisation identified at Coglia Well
More cobalt for Electric Vehicles https://t.co/vxlsucXhnB pic.twitter.com/aahu9oSRU4

— White Cliff Minerals (@WCMinerals) February 5, 2018 Targeting areas of higher grade cobalt and nickel mineralisation

The Coglia ultramafic complex is part of a 100 kilometre-long trend of ultramafic rock running from Diorite Hill in the north to Mulga Tank in the south.

At Coglia Well, circa 2.5 kilometres of the 11.5 kilometres of strike have been partially drill tested, resulting in the identification of extensive cobalt and nickel mineralisation

White Cliff’s drilling program will target areas of higher grade cobalt and nickel mineralisation identified in previous drilling and will seek to extend mineralisation along strike to the south.

READ: White Cliff Minerals boosts cash balance for cobalt and gold exploration

The company’s drilling undertaken at Coglia Well in 2016 identified widespread cobalt and nickel mineralisation over an area 2,500 metres long and 500 metres wide with better intersections of:

• 28 metres at 0.12% cobalt and 0.55% nickel from 60 metres including 16 metres at 0.16% cobalt and 0.65% nickel; and
• 12 metres at 2.18% nickel and 0.06% cobalt including 4 metres at 2.95% nickel, 0.06% cobalt.

READ: White Cliff Minerals directors continue to demonstrate confidence in company through on-market purchases

Chairman Michael Langoulet recently acquired a further 1.5 million shares at $0.004 each, taking his holdings to more than 60.5 million shares.

Managing director Todd Hibberd has acquired more than 2.498 million additional shares on-market at $0.004 each, taking his total holdings to more than 68.5 million shares.

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Tue, 13 Mar 2018 12:28:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193031/white-cliff-minerals-begins-drilling-for-cobalt-and-nickel-at-coglia-well-project-193031.html
<![CDATA[News - White Cliff Minerals directors continue to demonstrate confidence in company through on-market purchases ]]> https://www.proactiveinvestors.com.au/companies/news/193020/white-cliff-minerals-directors-continue-to-demonstrate-confidence-in-company-through-on-market-purchases-193020.html White Cliff Minerals Ltd (ASX:WCN) directors continue to demonstrate their confidence in the company by acquiring shares on-market.

Chairman Michael Langoulet has acquired a further 1.5 million shares at 0.4 cents each, taking his holdings to more than 60.5 million shares.

Managing director Todd Hibberd has acquired more than 2.498 million additional shares on-market at 0.4 cents each, taking his total holdings to more than 68.5 million shares.

READ: White Cliff Minerals continues to receive buying support on-market from its board

These purchases represent the fourth and fifth examples of recent buying activity by the two directors.

Earlier this month Langoulet purchased two parcels of 2.5 million shares while Hibberd also acquired 2.5 million.

Rights issue to raise up to $1.66 million

They come as the company embarks on a rights issue to raise up to $1.66 million.

White Cliff is issuing one new share for every six shares held at an issue price of 0.3 cents each.

For each new share shareholders will also receive one free attaching option with an exercise price of 1 cent and an expiry date of 30 June 2019.

Closing date for acceptances is 22 March

The prospectus has been sent to eligible White Cliff shareholders and the closing date for acceptances to be received by the company is 22 March 2018.

Notably, the rights issue is underwritten up to the value of $1 million.

White Cliff Minerals has battery metals and gold interests in Western Australia as well as gold interests in the Kyrgyz Republic.

White Cliff has battery metals and gold interests in Western Australia.

READ: White Cliff Minerals prepares for 3,000 metres of drilling at Coglia Well cobalt nickel project

Statutory approvals were recently received for an initial 3,000-metre drilling program at its Coglia Well cobalt and nickel project in Western Australia.

Drilling undertaken at the prospect in 2016 identified widespread cobalt and nickel mineralisation over an area 2,500 metres in length and 500 metres in width.

Some of the better intersections included 28 metres at 0.12% cobalt and 0.55% nickel from 60 metres and 12 metres at 2.18% nickel and 0.06% cobalt.

Coglia Well is in highly prospective territory 70 kilometres southeast of Laverton in the Northeast Goldfields.

Further drilling approvals sought

Drilling approvals are also being sought for the Coronation Dam and Ghan Well cobalt nickel projects.

White Cliff is planning air-core and RC programs for these projects with 3D geological and orebody models are being generated.

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Tue, 13 Mar 2018 08:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193020/white-cliff-minerals-directors-continue-to-demonstrate-confidence-in-company-through-on-market-purchases-193020.html
<![CDATA[News - White Cliff Minerals continues to receive buying support on-market from its board ]]> https://www.proactiveinvestors.com.au/companies/news/192724/white-cliff-minerals-continues-to-receive-buying-support-on-market-from-its-board-192724.html White Cliff Minerals Ltd (ASX:WCN) has had another 2.5 million of its shares bought on-market by one of its board members.

Michael Langoulant, executive chairman, purchased the shares on-market at a price of 0.4 cents in a show of support for the company.

The purchases increased Langoulant’s total holding to 59 million shares.

READ: White Cliff Minerals chairman demonstrates confidence in company through on-market purchase

These share purchases follow recent buying activity from both Langoulant and fellow managing director Todd Hibberd.

READ: White Cliff Minerals receives on-market buying from managing director

White Cliff recently received statutory approvals for an initial 3,000-metre drilling program at its Coglia Well cobalt and nickel project.

Drilling undertaken at Coglia Well in 2016 identified widespread cobalt and nickel mineralisation over an area 2,500 metres in length and 500 metres in width.

Some of the better extensions included 28 metres at 0.12% cobalt and 0.55% nickel from 60 metres and 12 metres at 2.18% nickel and 0.06% cobalt.

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Wed, 07 Mar 2018 12:11:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192724/white-cliff-minerals-continues-to-receive-buying-support-on-market-from-its-board-192724.html
<![CDATA[News - White Cliff Minerals chairman demonstrates confidence in company through on-market purchase ]]> https://www.proactiveinvestors.com.au/companies/news/192632/white-cliff-minerals-chairman-demonstrates-confidence-in-company-through-on-market-purchase-192632.html White Cliff Minerals Ltd (ASX:WCN) executive chairman Michael Langoulant has demonstrated his confidence in the company through the on-market acquisition of 2.5 million shares.

The shares were purchased at 0.4 cents each and increase his holding of fully paid ordinary shares to more than 56 million.

READ: White Cliff Minerals receives on-market buying from managing director

Last week, the company’s managing director Todd Hibberd purchased 2.5 million company shares on market, raising his total shareholding to 68 million shares.

The company also plans to undertake a partially underwritten renounceable 1:6 rights issue priced at 0.3 cents to raise circa $1.66 million in funding.

For every new share, shareholders will receive one free attaching option exercisable at $0.01 expiring 30 June 2019.

White Cliff Minerals has battery metals and gold interests in Western Australia as well as gold interests in the Kyrgyz Republic.

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Tue, 06 Mar 2018 09:08:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192632/white-cliff-minerals-chairman-demonstrates-confidence-in-company-through-on-market-purchase-192632.html
<![CDATA[News - White Cliff Minerals receives on-market buying from managing director ]]> https://www.proactiveinvestors.com.au/companies/news/192481/white-cliff-minerals-receives-on-market-buying-from-managing-director-192481.html White Cliff Minerals Ltd (ASX:WCN) has had its managing director and CEO, Todd Hibberd, purchase 2.5 million company shares on market.

The vote of confidence from Hibberd raises his total shareholding in the company to 68 million shares.

READ: White Cliff Minerals prepares for 3,000 metres of drilling at Coglia Well cobalt nickel project

White Cliff recently received statutory approvals for an initial 3,000-metre drilling program at its Coglia Well cobalt and nickel project.

Drilling undertaken at Coglia Well in 2016 identified widespread cobalt and nickel mineralisation over an area 2,500 metres in length and 500 metres in width.

Some of the better extensions included 28 metres at 0.12% cobalt and 0.55% nickel from 60 metres and 12 metres at 2.18% nickel and 0.06% cobalt.

Battery metals portfolio to compliment gold portfolio

While the advanced Aucu Gold Project in the Kyrgyz Republic continues to progress, White Cliff is also developing its battery metals portfolio based in Western Australia.

The company owns 100% of three battery energy metals projects in Western Australia - Coronation Dam, Ghan Well and Coglia Well.

 

READ: White Cliff Minerals launches rights issue for cobalt nickel gold exploration

White Cliff also plans to undertake a partially underwritten renounceable 1:6 rights issue priced at $0.003 to raise circa $1.66 million in funding.

For every new share, shareholders will receive one free attaching option exercisable at $0.01 expiring 30 June 2019.

Funds will be used for activities including:

• Exploration and drilling of the Western Australian cobalt-nickel projects;
• On-going exploration of the Chanach copper-gold project; and
• Selected drilling of Western Australia-based located gold targets.

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Fri, 02 Mar 2018 12:16:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192481/white-cliff-minerals-receives-on-market-buying-from-managing-director-192481.html
<![CDATA[News - White Cliff Minerals prepares for 3,000 metres of drilling at Coglia Well cobalt nickel project ]]> https://www.proactiveinvestors.com.au/companies/news/192390/white-cliff-minerals-prepares-for-3000-metres-of-drilling-at-coglia-well-cobalt-nickel-project-192390.html White Cliff Minerals Ltd (ASX:WCN) has received statutory approvals for an initial 3,000-metre drilling program at its Coglia Well cobalt and nickel project.

This is situated in highly prospective territory being 70 kilometres south-east of Laverton in Western Australia’s north-eastern goldfields.

The drilling program will target areas of higher grade cobalt and nickel mineralisation identified in previous drilling and will seek to extend mineralisation along strike to the south.

Todd Hibberd, managing director, said: “The higher cobalt and nickel grades encountered in the 2016 drilling suggest that there is substantial shallow oxide mineralisation that may be economic.

“The planned drill program will test the grade, scale and extents of the known mineralisation prior to a major drilling campaign to define JORC compliant cobalt and nickel resources.”

Extensive mineralisation already identified

Drilling undertaken at Coglia Well in 2016 identified widespread cobalt and nickel mineralisation over an area 2,500 metres in length and 500 metres in width.

Some of the better extensions included 28 metres at 0.12% cobalt and 0.55% nickel from 60 metres and 12 metres at 2.18% nickel and 0.06% cobalt.

This indicates the prospect of identifying near surface mineralisation.

READ: White Cliff Minerals sees prospect for shallow cobalt nickel mining at Coglia Project

The cobalt grade appears to increase substantially to the south of the main mineralisation.

This is consistent with the grade of Glencore PLC’s (LON:GLEN) adjacent Irwin Hills cobalt and nickel deposits which contain 29 million tonnes at 0.11% cobalt and 1% nickel.

Proximity to infrastructure

Because the Coglia Well nickel and cobalt deposit occurs in a region hosting multiple mining operations there is substantial existing infrastructure.

This includes roads, telecommunications, power and gas, and there are also the benefits of having access to a skilled mining workforce.

The project is located 130 kilometres via road from Glencore’s Murrin Murrin nickel-cobalt processing plant. 

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Thu, 01 Mar 2018 12:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192390/white-cliff-minerals-prepares-for-3000-metres-of-drilling-at-coglia-well-cobalt-nickel-project-192390.html
<![CDATA[News - White Cliff Minerals launches rights issue for cobalt nickel gold exploration ]]> https://www.proactiveinvestors.com.au/companies/news/192019/white-cliff-minerals-launches-rights-issue-for-cobalt-nickel-gold-exploration-192019.html White Cliff Minerals Ltd (ASX:WCN) will undertake a renounceable 1:6 rights issue priced at $0.003 to raise circa $1.65 million in funding.

For every new share, shareholders will receive one free attaching option exercisable at $0.01 expiring 30 June 2019.

Notably, the rights issue is underwritten to the amount of $1 million.

Funds to be used for exploration at multiple projects

The funds raised will be used primarily for:

• Further exploration of selected cobalt and nickel targets within its Western Australian cobalt project tenement package;
• Exploration of its flagship Aucu Gold Project in the Kyrgyz Republic; and
• General working capital.

READ: White Cliff Minerals sees prospect for shallow cobalt nickel mining at Coglia Project

Todd Hibberd, managing director, said: “The recent identification of multiple cobalt-nickel projects in Western Australia that have substantial economic potential and the upcoming resource update from the Aucu gold-copper project in the Kyrgyz Republic provide a platform for strong positive news flow.

“If the maximum funds are raised the company will be funded such that its primary focus can be on defining cobalt and nickel resources via drilling in WA and completing the resource update on the Aucu Gold project.”

Offer planned to open 7 March 2018

The record date to identify shareholders entitled to participate in rights offer is 5 March 2018.

Eligible shareholders will then be able to participate in the offer which plans to open 7 March 2018 and close two weeks after.

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Thu, 22 Feb 2018 10:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192019/white-cliff-minerals-launches-rights-issue-for-cobalt-nickel-gold-exploration-192019.html
<![CDATA[News - White Cliff Minerals sees prospect for shallow cobalt nickel mining at Coglia Project ]]> https://www.proactiveinvestors.com.au/companies/news/191102/white-cliff-minerals-sees-prospect-for-shallow-cobalt-nickel-mining-at-coglia-project-191102.html White Cliff Minerals Ltd (ASX:WCN) has identified cobalt and nickel mineralisation at its Coglia Well project in the Laverton region of Western Australia.

One of the broader intersections was 28 metres at 0.12% cobalt and 0.55% nickel from 60 metres.

White Cliff was initially attracted to the Coglia Well project because of its nickel sulphide potential, but with a strong run in the cobalt price, management's strategy has changed.

Shallow oxide mineralisation maybe economic

Todd Hibberd, managing director, said: “The Coglia project was initially acquired for its nickel sulphide potential but the higher cobalt and nickel grades encountered in the 2016 drilling suggest that there is substantial shallow oxide mineralisation that may be economic.

“The company has lodged a drilling program with the WA government and is conducting 3D modelling of the mineralisation in preparation for drilling.”

White Cliff now has three shallow cobalt-nickel deposits in Coglia Well, Coronation Dam and Ghan Well.

These are all located in a region with extensive mining and processing infrastructure and within trucking distance to Glencore’s Murrin-Murrin nickel-cobalt processing facilities.

Cobalt grades increase the south of main mineralisation

At Coglia Well, circa 2.5 kilometres of the 11.5 kilometres of strike has been partially drill tested, resulting in the identification of extensive cobalt and nickel mineralisation.

The cobalt grade appears to increase substantially to the south of the main mineralisation.

This is consistent with the grade of Glencore PLC’s adjacent Irwin Hills cobalt and nickel deposits which contain 29Mt at 0.11% cobalt and 1% nickel.

There is a further 7 kilometres of untested prospective ultramafic rock to the tenement boundary adjacent to Glencore’s deposit.

Prospect of establishing a mineral resource

While White Cliff has not yet calculated a mineral resource, as drilling has only tested a small fraction of the mapped ultramafic unit indicating its potential.

The company recently raised capital to assist in exploring this region.

READ: White Cliff Minerals boosts cash balance for cobalt and gold exploration ]]>
Mon, 05 Feb 2018 09:01:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191102/white-cliff-minerals-sees-prospect-for-shallow-cobalt-nickel-mining-at-coglia-project-191102.html
<![CDATA[News - White Cliff Minerals reveals cobalt during review of Western Australian project ]]> https://www.proactiveinvestors.com.au/companies/news/190785/white-cliff-minerals-reveals-cobalt-during-review-of-western-australian-project-190785.html White Cliff Minerals Ltd (ASX:WCN) has identified cobalt mineralisation during a review of data from its Coronation Dam project in Western Australia’s north-eastern Goldfields.

Collation of mapping, sampling and drilling information has revealed extensive shallow cobalt and nickel mineralisation covering a strike length of 5 kilometres.

The company will further assess the review results and is undertaking three-dimensional modelling on the mineralisation in preparation for drilling and resource estimation.

Approval sought for drilling

A drilling application has been lodged and government approval is pending.

Todd Hibberd, managing director, said: “The discovery of high grade cobalt-nickel mineralisation over a large area at Coronation Dam is an exciting development.

“In an environment of rising cobalt prices, limited cobalt supply capacity and rapidly growing cobalt demand, there is an opportunity to substantially increase shareholder value through development of the project and other promising cobalt-nickel assets in our portfolio.”

READ: White Cliff Minerals boosts cash balance for cobalt and gold exploration

White Cliff acquired Coronation Dam via an exploration licence application, noting its cobalt and nickel exploration potential.

Among existing drilling results were 16 metres at 0.42% cobalt and 1% nickel from 20 metres, including 8 metres at 0.51% cobalt and 1.16% nickel, and 24 metres at 0.23% cobalt and 0.80% nickel from 20 metres.

Within cobalt-nickel mining area

The Coronation Dam project is 90 kilometres south of Glencore PLC’s (LON:GLEN) Murrin Murrin mining operation and 45 kilometres south of GME Resources Limited’s (ASX:GME) proposed Mt Kilkenny nickel-cobalt processing facility.

The 16 square kilometre project is surrounded by world-class mining infrastructure and multiple operating mines.

Glencore is mining cobalt and nickel from the Murrin East open pit which contained an initial resource of 66 million tonnes at 1.1% nickel and 0.09% cobalt.

Priority areas for drilling

There have been 126 holes drilled at Coronation Dam and the cobalt results assessed by White Cliff come from 66 reverse circulation holes.

The other 60 reverse air blast holes were not assayed for cobalt but contain significant nickel mineralisation including multiple intervals above 1.0%.

Due to the association of cobalt with nickel, these areas are a priority for drilling to determine the extent of cobalt mineralisation.

READ: White Cliff Minerals drills more gold, copper in the Kyrgyz Republic

The company’s primary focus remains development of the high-grade Aucu gold deposit in the Kyrgyz Republic.

After completing the 2017 drilling program, activity in the Kyrgyz Republic has wound down during winter.

This provides an opportunity for White Cliff to work on advancing Coronation Dam as well as the Ghan Well cobalt-nickel deposit, which is also in the Western Australian Goldfields.

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Tue, 30 Jan 2018 09:38:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190785/white-cliff-minerals-reveals-cobalt-during-review-of-western-australian-project-190785.html
<![CDATA[News - White Cliff Minerals boosts cash balance for cobalt and gold exploration ]]> https://www.proactiveinvestors.com.au/companies/news/189913/white-cliff-minerals-boosts-cash-balance-for-cobalt-and-gold-exploration-189913.html White Cliff Minerals Ltd (ASX:WCN) will use $1 million to be raised in a placement for exploration at its projects in the Kyrgyz Republic and Australia.

Exploration is being extended to seek cobalt at the Ghan Well project near Laverton in Western Australia.

The placement of 500 million shares at an issue price of $0.002 to clients of Gleneagle Securities Nominees is being completed in two tranches.

The first tranche of 80 million shares was issued on 10 January and the balance will be completed later this month.

Approvals for drilling

White Cliff has received approvals for a drilling campaign which will cover the northern section of the Ghan Well project.

Significant cobalt mineralisation has been identified at the project associated with nickel mineralisation.

The 39 square kilometre Ghan Well project is in the Wiluna-Norseman greenstone belt 10 kilometres north of the Murrin East nickel-cobalt mining operation.

READ: White Cliff Minerals drills more gold, copper in the Kyrgyz Republic

In the Kyrgyz Republic, White Cliff is advancing the 90%-owned Aucu deposit, which hosts an inferred resource of 1.8 million tonnes at 5.2 g/t for 302,000 gold ounces and 608,000 tonnes at 0.64% copper for 3,870 tonnes of copper.

As well as Ghan Well, the company has the Merolia, Bremer Range, Lake Percy and Laverton exploration projects in Western Australia.

Options issued

In addition to the placement, White Cliff has issued to Gleneagle Securities Nominees, and/or its nominees, 250 million Gleneagle Series A Options and 250 million Series B Options.

These are Gleneagles Securities’ fee for underwriting the company’s 2017 rights issue which raised $1.84 million.

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Fri, 12 Jan 2018 09:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189913/white-cliff-minerals-boosts-cash-balance-for-cobalt-and-gold-exploration-189913.html