White Cliff Minerals Ltd: Annual Report for the Year Ended 30 June 2018
Perth, Australia - White Cliff Minerals Ltd. (ASX:WCN) provides the Company's Annual Report for the year ended 30 June 2018.Highlights
During the year the Company successfully advanced several projects, most notably increasing the high grade JORC Compliant gold resource at the Aucu Gold project by 60% to 2.95Mt at 5.1 g/t gold containing 484,000 ounces of gold (previously 302,000 Ounces of gold) and identifying a JORC Compliant copper resource of 17.2 Mt at 0.37% copper containing 64,000 tonnes of copper (previously 44,380 tonnes copper). The deposits are open along strike and at depth. Metallurgical test work indicated high gold recoveries averaging 98% overall.
Drilling at the Company's existing nickel-cobalt projects identified extensive residual oxide cobalt and nickel mineralisation at both Coglia Well and Coronation Dam which are both within trucking distance to Glencore plc's Murrin Murrin Nickel processing facility. Both deposits are open laterally and along strike.
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About White Cliff Minerals Ltd:
White Cliff Minerals is a Gold, Copper, Cobalt, Nickel resources and mining company listed in Australia (ASX:WCN). The Company is focused on developing low cost high value mineral deposits that have near term cash flow potential.
Major projects include the Aucu gold deposit that contains 484,000 ounces of gold (3mt at 5.1 g/t) starting at surface and Chanach copper deposit that contains 64,000 tonnes of copper (17.2Mt at 0.37% copper). Both projects have substantial blue sky potential with drilling covering only 5% of the known structures. In Australia the company is developing the Coronation Dam cobalt–nickel deposit where a maiden resource will be announced in the late 2018.
Source:
White Cliff Minerals Ltd.
Contact:
Todd Hibberd Managing Director T: +61-8-9321-2233 E: info@wcminerals.com.au W: www.wcminerals.com.au