White Cliff Minerals Strengthens Copper Portfolio with Strategic Acquisition

Nov 26, 2024

White Cliff Minerals Limited (ASX: WCN) has acquired 100% ownership of Victoria Copper Ltd and its exploration license L-2797, encompassing the historic Danvers copper deposit within the Rae Copper region in Nunavut, Canada. The license includes a non-JORC compliant historic resource estimate of 4.16 million tons at 2.96% Cu, based on 1960s drilling, with mineralisation remaining open in all directions. Highlights from historical drilling include intervals such as 39.4m at 4.9% Cu and 47.1m at 3.2% Cu. Follow-up drilling in 2003 and 2005 further confirmed the potential for expansion.

The acquisition strengthens White Cliff's dominant position in the Rae Copper region, with planned 2025 drilling focused on resource verification, high-grade targets, and large sedimentary systems. The CAD$700,000 transaction ensures unencumbered ownership, with a 1% net smelter royalty retained by the seller. This strategic addition positions White Cliff to accelerate resource development and exploration in the region.

 

 

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