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White Cliff Minerals Limited (ASX:WCN)

ALERT: Price-sensitive ASX Announcement for WCN
Current share price for WCN : $0.017 -0.004 (-19.05%)+
Announcement
Release
31 Oct 2025 1:10PM
Price at Release
$0.021
Full Release
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Summary
White Cliff Minerals Limited has released its Quarterly Activities and Cashflow Report for the quarter ended 30 September 2025. The company has been actively engaged in its Rae Copper-Silver Project in Nunavut, Canada, where significant drilling activities at the Danvers site have expanded the known mineralization area, including the discovery of Danvers 2. The company also completed a heliTEM survey at the Danvers lease, enhancing geophysical datasets. Additionally, the company has expanded its land holdings by approximately 950 km² northwards. Financially, White Cliff reported a cash and cash equivalent position of approximately $8.3 million at the end of the quarter, with exploration and evaluation costs amounting to $5.12 million. The company expects it can fund its operations through the fourth quarter of FY2026 and has the ability to raise additional funds if necessary.
Key Points
  • Drilling re-commenced at Rae Copper-Silver Project in Nunavut, Canada.
  • Discovery of Danvers 2 with high-grade copper mineralization.
  • Completion of heliTEM survey at Danvers lease.
  • Expansion of land holdings by approximately 950 km².
  • Cash position at quarter end was approximately $8.3 million.
  • Exploration and evaluation expenses totaled $5.12 million.
  • Company expects to fund operations through to Q4 of FY2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.