logo-loader
viewWhite Cliff Minerals Ltd

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

Drilling continues to reveal a high-grade cobalt resource at Coronation Dam.

symbol for cobalt
Notably, the project is 90 kilometres from a nickel refinery

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.

Quick facts: White Cliff Minerals Ltd

Price: 0.006 AUD

ASX:WCN
Market: ASX
Market Cap: $2.82 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of White Cliff Minerals Ltd named herein, including the promotion by the Company of White Cliff Minerals Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

White Cliff Minerals returns positive drill results at Coglia Well

Increased demand for lithium-ion batteries has more that doubled the price of cobalt over the past year, with looming shortages set to push prices even higher. White Cliff Minerals (ASX:WCN) is a cobalt exploration company that has just had some promising drilling results from its Coglia...

on 19/7/18

2 min read