viewWhite Cliff Minerals Ltd

White Cliff Minerals gains new substantial shareholder with 6.08% stake

The company has a dual strategy to advance its high-grade Aucu Gold-Copper Project in the Kyrgyz Republic and cobalt-nickel projects in WA.

Increasingly high stacks of coins
Funds from a recent $1.15 million capital raising will be used for development work

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.

Quick facts: White Cliff Minerals Ltd

Price: 0.012 AUD

Market: ASX
Market Cap: $5.84 m

Add related topics to MyProactive

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


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...


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