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ASX: WCN - White Cliff Minerals

Updated: 4 days ago

White Cliff Minerals: 100km of ground and thousands of copper rock chips with serious grades…


White Cliff Minerals Executive Chairman Rod McIllree on 3AW, 2GB, 4BC & 6PR Bulls N' Bears Report


Listen to ASX-listed White Cliff Minerals Executive Chairman Rod McIllree talk to Matt Birney on the Bulls N’ Bears Report about White Cliff’s big pivot into copper in Canada with a project discovered “at the bottom of a mines department folder”.



TO LISTEN TO THE WHITE CLIFF MINERALS AUDIO INTERVIEW - CLICK BELOW


So White Cliff holds just shy of ten thousand square kilometres of exploration tenure stretched across the length and breadth of WA covering a multitude of minerals, albeit with a slightly stronger focus on rare earths and lithium. More recently however the company picked up about 800 square kilometres of ground in Canada that has a rich history of copper exploration and some eye-watering copper grades.


RADIO INTERVIEW - TRANSCRIPT


Matt Birney - Welcome to Bulls N' Bears brought to you today by White Cliff Minerals


Matt Birney - ASX code: WCN


Matt Birney - I'm Matt Birney and I'm joined now by the executive chairman of White Cliff Minerals, Rod McIllree


Matt Birney - Hi Rod


Rod McIllree - Hi Matt


Matt Birney - Okay so White Cliff holds just shy of ten thousand square kilometres of exploration tenure, stretched across the length and breadth of WA covering a multitude of minerals, albeit with a slightly stronger focus on rare earths and lithium. More recently however the company picked up about 800 square kilometres of ground in Canada that has a rich history of copper exploration and I might add some eye-watering copper grades.


Matt Birney - Okay Rod where exactly is this ground and what's its history?


Rod McIllree - Yeah thanks Matt, it's located in the northern part of Nunavut in Canada. We identified the project at the bottom of a pile of papers in a mines department. It's a very interesting project that we were able to organically grow just by putting a license on it.


Matt Birney - Has there been any drilling on the ground or do you have any rock chips or soil samples?


Rod McIllree - Yeah look the project's got a rich history, goes back almost to the early 1700s. There has been a lot of rock chips taken over the project area, a lot of these were pre-1970 but some of the results are are outstanding plus 40 per cent along structural corridor that is mineralized for a very long distance, 35 per cent, 20 per cent, 12 per cent, it's one of these freakishly good projects that you just very rarely find.


Matt Birney - We're talking copper, right?


Rod McIllree - Correct copper and silver


Matt Birney - Are you seeing any cropping mineralization? I guess if you're picking up rock chips you must be seeing some of that, if so what sort of strike extent have you been able to map if any?


Rod McIllree - Yeah, this is the extraordinary thing about this project Matt, the strike of this is more than 100 km and these high grade occurrences can be traced along the entire length of that structural corridor. It's a very well mineralized part of the world


Matt Birney - Are there any historical discoveries on the ground?


Rod McIllree - There's historical resources, some of them I won't sort of go into the details of those numbers because you know they're pre-JORC obviously when you go back past the 1970s but there is a lot of resources that we'll be focusing on bringing them up to speed and also the drilling that we'll be doing there will add to this story as well.


Matt Birney - Have you set your drill targets yet or you are you about to do that?


Rod McIllree - Yeah look I think that's something that we're going to put together over the next couple of weeks, we've got a rough idea of where we got to get in there, access is actually very good, we come into a little town that's got a port and an airport there as I said we're sort of used to this part of the world, the team that we've got has worked in the Artic for the best part of 20 years so we're familiar with the environment.


Matt Birney - Okay very quickly almost out of time, how much did you pay for the project and how much cash did you have in bank at last report?


Rod McIllree - We put licenses on these ourselves, we paid 200,000 in shares for a Canadian consultant and 25,000 to assist us with the proper processing of those applications and we've got $3.8 million Australian dollars in the bank at the moment in cash and liquid securities


Matt Birney - Rod McIllree from White Cliff Minerals


Matt Birney - Thanks for joining me on Bulls N' Bears and remember we're only here to give you information, not advice, which you should of course seek independently.


Matt Birney - I'm Matt Birney and this is Bulls N' Bears


Outro - For more public company interviews go to the money page on the 6PR, 2GB, 3AW and 4BC websites and click the public companies tab


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