Key Highlights

  • Copper mineralisation at Danvers was confirmed over 4.75km of the Teshierpi structural corridor, a 480% expansion on the roughly 820m tested in 2025.
  • DAN26026 returned 50.9m @ 2.81% Cu and 7.66g/t Ag from 39.7m, while DAN26036 returned 23m @ 6.18% Cu and 13g/t Ag from 161m.
  • First drilling at Bornite Hills intersected more than 32m of bornite-dominant mineralisation, with maiden assays of 15.0m @ 1.62% Cu and 11.5m @ 2.00% Cu.
  • Hancock Prospecting subscribed A$8.77 million for 515,791,601 shares at $0.017, about 13.5% of the company, against quarter-end cash of A$1.32 million.

White Cliff Minerals Limited (ASX:WCN) used its September 2026 quarterly report to set out a period of drilling at the Rae Copper Project that expanded the Danvers copper system, produced a new discovery at Bornite Hills and extended sediment-hosted copper at Hulk. The company also arranged an A$8.77 million share placement to Hancock Prospecting, which received shareholder approval on 19 October 2026 and was issued on 22 October 2026. Cash at 30 September 2026 was approximately A$1.32 million.

Danvers Copper Footprint Grows 480%

Danvers is an epithermal copper-silver deposit formed in a fault breccia along the NE/SW trending Teshierpi Fault Zone, with chalcocite-dominant mineralisation zoned outward into bornite and chalcopyrite. Assays announced on 25 August 2026 confirmed copper over 4.75km of the Teshierpi structural corridor, compared with about 820m tested in 2025. Visual copper sulphides have been observed over 6 to 7km along the fault zone.

The first diamond hole, DAN26026, intersected 91.35m of chalcocite and bornite-bearing mineralisation in chlorite-altered breccia and assayed 50.9m @ 2.81% Cu and 7.66g/t Ag from 39.7m, including 4.3m @ 10.93% Cu from 45.0m. DAN26036 returned 23m @ 6.18% Cu and 13g/t Ag from 161m, including 3.90m @ 16.45% Cu and 31g/t Ag. Other results include DAN26012 with 19.81m @ 6.64% Cu from 152.4m, containing 1.52m @ 21.1% Cu, the highest-grade interval at the project to date, and DAN26015 with 79.24m @ 1.59% Cu from 67.06m.

After quarter end, DAN26047 returned 76.5m @ 2.01% Cu and 5.72g/t Ag from 49.5m, including 16m @ 5.07% Cu from 77m. On 13 October 2026 the company reported a discovery on an untested 2.8km structure less than 200m east of Danvers 1, where first hole DAN26053 intersected visual copper sulphides from 16m. Assays for that hole are pending.

Bornite Hills and Hulk

The first drilling at Bornite Hills intersected more than 32m of bornite-dominant mineralisation, over 60m below a historic trench that sampled 3.66m @ 46.99% Cu. Maiden assays received after quarter end were 15.0m @ 1.62% Cu from 57.0m in BNH26001A, including 3.5m @ 4.14% Cu, and 11.5m @ 2.00% Cu from 75.5m in BNH26003, including 1.0m @ 10.16% Cu. The system is open along a 1.3km host structure. After quarter end the company also issued 16,039,781 shares to the vendors of the Bornite Lake Copper Lamb lease on completion of its acquisition.

At Hulk, on the eastern edge of the roughly 72km Rae Group structure, diamond holes SED26001 to SED26003 each intersected visible chalcopyrite at the Rae Group and Husky Creek Formation redox boundary. Mineralisation was confirmed more than 3.7km east of STK25004, and the known sediment-hosted copper footprint now exceeds 10km2. The interpreted horizon is sheet-like and typically 2 to 30m thick. Visual estimates are not a substitute for laboratory assays.

Hancock Placement and Cash Position

The company received approximately A$6.5 million from the underwritten conversion of WCNO options during the quarter and issued 45,501,494 unlisted options exercisable at $0.04 to the underwriters. Cash at 30 September was approximately A$1.32 million, alongside A$1.05 million of liquid assets held as GBL ordinary shares. Spending on exploration and evaluation was $5.8 million and administration and corporate costs were $618,000.

Hancock Prospecting subscribed for 515,791,601 shares at $0.017, equal to about 13.5% of the company, with the A$8.77 million proceeds received after quarter end and designated to expand and accelerate drilling at the Rae Copper Project. Shareholders also approved a capital consolidation at the 19 October meeting. Performance right movements included the conversion of 66,000,000 Class E rights into ordinary shares on 25 September and the cancellation of 50,000,000 Class L rights.

Where the Quarter Leaves White Cliff

White Cliff ended the quarter with copper confirmed over 4.75km at Danvers, a maiden discovery at Bornite Hills, an expanded Hulk footprint and a new cornerstone shareholder in Hancock Prospecting. Managing Director Troy Whittaker described the September quarter as a defining period, and reverse circulation drilling has recommenced at Danvers.