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White Cliff Minerals strengthens executive team with company secretary appointment

Ian Hobson has more than 30 years professional accounting experience with commercial roles in Australia, the UK and Canada.
Boardroom photo
White Cliff has undergone a corporate restructure

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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