Highlights

  • White Cliff Minerals secured a CAD$250,000 exploration grant from the Government of Nunavut
  • Funding will support the ongoing 6,000m drilling program at the Danvers prospect
  • Drilling is targeting 12,000m of strike length across key copper-bearing fault zones
  • WCN shares rose 6.67% to AUD 0.016 on 22 May

Shares of White Cliff Minerals Ltd. (ASX:WCN) rose on 22 May after the company announced it had secured a CAD$250,000 exploration grant from the Government of Nunavut in Canada. The funding will support drilling activities at the Danvers prospect within the company’s Rae Copper Project.
WCN shares were trading at AUD 0.016 at 12:08 pm AEST, up 6.67% for the session.

Government Grant Supports Ongoing Copper Exploration

White Cliff Minerals confirmed that the funding was awarded through Nunavut’s Discover, Invest, Grow (DIG) Program, which supports mineral exploration activities across the territory.
The company expects to receive the first CAD$125,000 payment shortly, with the remaining amount payable following submission of a final geological report.

The grant will contribute toward White Cliff’s ongoing 6,000m Reverse Circulation Drilling campaign at Danvers, where the company is testing approximately 12,000m of strike length along the Teshierpi and Adjacent Fault Zones.

Drilling Targets High-Grade Copper Mineralisation

The drilling program is guided by magnetic and electromagnetic datasets that have been trained using signatures linked to known high-grade copper mineralisation at Danvers.
Management stated that the project contains multiple high-conductance targets that could support further copper discoveries across the Rae Copper Project.

White Cliff noted that the funding demonstrates continued support from the Government of Nunavut for mineral exploration in northern Canada, which is considered a Tier-1 Mining Jurisdiction.

Funding Strengthens Exploration Plans

Managing Director Troy Whittaker said the grant further strengthens the company’s Balance Sheet alongside recent corporate initiatives, including the WCNO Underwriting and sale of the Great Bear Project.

According to the company, the stronger funding position improves financial flexibility as exploration activities continue to expand across both the Danvers Project and broader sedimentary copper targets at Rae.

Focus Remains on Copper Growth Potential

White Cliff Minerals continues to position the Rae Copper Project as a significant copper-silver exploration asset. Historic drilling and maiden exploration campaigns have previously returned several high-grade copper intersections, including:

  • 175m at 2.5% Cu and 8.66g/t Ag
  • 90m at 4% Cu and 7.5g/t Ag
  • 58m at 3.08% Cu and 13.3g/t Ag

The project also hosts a historic foreign resource estimate at Danvers of 4.16 million tonnes at 2.96% copper, although the estimate is not JORC-compliant.

Market Watches Upcoming Exploration Results

Copper exploration companies have continued attracting investor attention amid growing long-term Demand expectations linked to electrification and renewable energy infrastructure.
With drilling underway and additional funding secured, investors are likely to monitor upcoming assay results and exploration updates from White Cliff Minerals closely over the coming months.