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