White Cliff Minerals

Primary ticker: ASX:WCN

Stage of development: Exploration

Primary minerals: Uranium, Gold, Copper, Silver, Lithium, Rare Earths, IOCG

Project to promote: Great Bear Project, Rae Project, Reedy Gold Project

Project location: Canada, Australia

White Cliff Minerals (ASX: WCN) is an energy metals company focused on the discovery of district-scale, high-grade projects in the historic and proven areas of tier-one jurisdictions. The company’s Canadian assets include the Great Bear project that has been recognized by the Government of Northwest Territories’ Geological Survey office as having the highest probability for hosting iron-oxide-copper-gold (IOCG) uranium plus-silver-style mineralization in Canada, positioned near the proven high-grade copper, gold, and silver Rae project in Nunavut.

Cash: AUD4M
Debt: /

Major shareholder:

Citicorp Nominees 3.22%

Pareto Nominees 3.08%

Rod McIllree 3.01%

Australian Metals & Energy 2.46%

Ms Sihol Gultom 2.15%

Management ownership 12%

Financials

Management Profile

Rod McIllree – Chairman

Rod is an Australian geologist with extensive experience in developing large-scale projects. With extensive knowledge in M&A, international logistics and small-cap fundraisings, he provides the leadership for this new phase of growth of the company

Troy Whittaker – Managing Director

Troy is an executive with more than 20 years of experience, spanning successful international project evaluation activities, and the development and operation of multibillion dollar assets globally across a broad range of commodities

What is your rationale for taking part in 121 Mining Investment?

Exploration activities about to commence in areas that are historic and proven.

What recent news would you like to highlight to investors attending?

13 Aug – Extraordinary Cu, Au and Ag Assays received for Great Bear
7 Aug – WCN Successfully Concludes Maiden Canadian Field Programs
25 Jul – Widespread Chalcocite Dominant Veint Systems at Rae Cu-Ag-Au Project
12 Jul – IOCG & Epithermal Mineralisation discovered at Great Bear Cu, Au, Ag, U Project

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Conclude Maiden Exploration Campaign (rock chips, channel sampling & aerial geophysics completed)

6 Months:

Results from Maiden Exploration Campaign publish

12 Months:

Maiden drilling campaign complete and assay results released

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Permitting and in field challanges: Expert team hired to overcome and manage issues

What do you think makes your company such a compelling investment?

District scale opportunity at the pre-discovery stage

What are the top 3 key investor takeaways?

1. Large, scalable, high grade, high quality projects secured in historic and proven areas.

2. All commodities are future facing and in deman.

3. No debt and exploration ready. Field works imminent.