1. Most Discussed
  2. Gainers & Losers
WCN 2.8¢

WHITE CLIFF MINERALS LIMITED

Refresh
7,884 posts · 3,780 Monthly Visits *

Dual focused White Cliff Minerals is an exploration and development company with a portfolio of advanced cobalt-nickel projects in Australia and a gold-copper mine development project in Central Asia.


Cobalt and Nickel:

Three major cobalt and nickel projects play into one of the strongest investment thematic the world has seen in recent years – the rise of electric vehicles – and have genuine potential to develop into mines, particularly considering their location close to existing processing infrastructure in the Western Australian Goldfields.


Gold and Copper:

With golds enduring value and coppers status as a critical energy infrastructure metal the Company’s gold-copper project provides exposure to both sectors. The high-grade Aucu gold-copper project in the Kyrgyz Republic, which is 90%-owned by White Cliff, contains an inferred resource of 484,000 Ounces of gold (3 million tonnes at 5.1 g/t Au) and 64,000 tonnes of contained copper (17.2Mt at 0.37% Copper) There are substantial growth opportunities across the rest of the project.

AUSTRALIAN TECHNOLOGY METALS (COBALT-NICKEL)

White Cliff has three outstanding, 100%-owned cobalt-nickel projects in the Western Australian Goldfields that share multiple development options and a strong prospect of being brought into production in the near-term. They are:

Coronation Dam

- 16km2 tenement

- Near surface cobalt-nickel mineralisation 5.7km long and 1km wide

- Assays of up to 0.68% cobalt including:

  • 16 metres at 0.42% cobalt and 1% nickel
  • 24 metres at 0.23% cobalt and 0.8% nickel

- Near nickel-cobalt processing infrastructure – 90km from Glencore’s Murrin Murrin plant

- Limited wide-spaced drilling


Ghan Well

- 39kmtenement

- Near surface cobalt-nickel mineralisation 11km long and up to 1.8km wide

- Assays up to 0.76% cobalt including

  • 12 metres at 0.14% cobalt and 0.78% nickel
  • 11 metres at 0.14% cobalt and 0.99% nickel

- Near nickel-cobalt processing infrastructure - 26km from Glencore’s Murrin Murrin plant

- Limited previous drilling


Coglia Well

- 70km2 tenement

- Near-surface cobalt-nickel mineralisation 7.5km long and 1-2km wide

- Adjacent to Glencore’s Rocky Well and Matilda nickel-cobalt deposits (29Mt at 0.11% Co and 1% Ni)

- Assays of up to 3% nickel and 0.25% cobalt including:

  • 16 metres at 0.16% cobalt and 0.65% nickel
  • 12 metres at 2.2% nickel and 0.06% cobalt

- Limited wide-spaced drilling


Planned activity for 2018 includes drilling to establish JORC resources and metallurgical test work to determine recovery and leach kinetics.


LOCATION:                        Central Asia, Kyrgyz Republic


2014 RESOURCE              156,000 Ounces (1.2Mt at 4.2 g/t gold)

2016 RESOURCE              302,000 Ounces (1.8 Mt at 5.2 g/t gold), 44,870t Copper (10.6 Mt @0.42% Cu)

2017 RESOURCE              484,000 Ounces (2,9Mt at 5.1 g/t gold), 64,000t copper (17.2Mt @0.37% Cu)

GOLD RECOVERY:            98%


CONTAINED COPPER:     64,000 tonnes (327,000 ounces gold equivalent2)

COPPER GRADE:               0.37% Copper

TONNES:                            17.2 Million tonnes


TOTAL RESOURCE2:         811,000 ounces gold equivalent

Gold equivalent resource: 64,000t [email protected] $6,400/t Cu/ $1,250/Oz Au = 327,000 Oz Au-eq


SCALE POTENTIAL:           Multiple mineralised systems

Mineralisation outcrops at surface over 700 vertical metres

Remains open at depth

Mineralisation extends over 4,000 metres along strike

Remains open along strike


TOTAL EXPENDITURE3:   $USD 9 Million

DISCOVERY COST:            $USD 11 per ounce equivalent of gold

The discovery cost is substantially lower than industry cost averages4 in Australia of $USD 61 per ounce equivalent of gold


COMMENTARY:               The Aucu gold deposit currently contains 484,000 ounces of gold at an average grade of 5.1 g/t gold. The deposit consists of several sub parallel mineralised zones that have each been identified over several kilometres of strike. Only a fraction of these mineralised zones have been drilled. The parts that have been drilled have been tested to about 120 metres below surface. There is evidence to indicate that the structures occur over at least 700 metres of vertical elevation. The Company expects to find substantial additional mineralisation at depth and along these structures that will grow the project to a scale that will allow the development of a gold mine.


Notes:

Gold equivalent resource: 64,000t [email protected] $USD 6,400/t Cu/ $USD 1250/Oz Au = 327,000 Oz Au-eq

Total expenditure includes all costs incurred in Kyrgyz and Australia relating to the project excluding acquisition costs.

Source: MinEx consulting 2016, http://www.minexconsulting.com/publications/jun2016.html

PATH TO PRODUCTION:   White Cliff Minerals Limited focused on developing the Aucu gold deposit into an operating gold mine. The Company is targeting an increase in existing resources from 302,000 ounces to + 1.0 million ounces over the next two years which should be capable of supporting a 75,000 to 100,000 ounce per year gold mining operation. Based on the mineralisation identified to date ore is expected to be sourced from both open pit and underground operations.

To develop a mining operation in the Kyrgyz Republic the Company is required to define an indicated resource and conduct a feasibility study which includes a complete environmental study


The key components that need to be completed to advance the Aucu gold project to production are:


  1. Define an indicated and measured resource. The Company has a target of defining a +1 million ounce indicated resource prior to conducting a feasibility study
  2. Conduct a preliminary feasibility study confirming the positive economics of the project. The preliminary study includes baseline environmental and social impact studies that demonstrate the benefit of the project to the local community.
  3. The prefeasibility study is assessed by the State Agency for Geology and Mineral Resources (SAGAMR) and once approved the mineral resource is added to the State Mineral Inventory. Once the project is approved a mining license can be granted
  4. The Company is then required to submit a full feasibility study including detailed economic, engineering, environmental, forestry, water and social impact studies.
  5. Further assessment is conducted by SAGAMR and the Company is granted to necessary permits to conduct mining
  6. Once the permits are granted the Company has a set amount of time to construct the project and commence production
This is a paid advertisement. HotCopper does not endorse, approve or take responsibility for the statements made.
Forum
Stock Code
SubjectView as
Poster
Views
Rating
Date
    ×
    Australia's leading analysts are standing by.
    Ask any question FREE on any ASX listed company, we will answer your question by next business day and give you share recommendations from our Award-Winning team, FREE for 21 days
  1. Sponsored
  2. 780
    5
    19/09/1819/09
  3. 780
    6
    19/09/1819/09
  4. 780
    4
    19/09/1819/09
  5. 780
    3
    19/09/1819/09
  6. 780
    3
    19/09/1819/09
  7. 142
    19/09/1819/09
  8. 1,687
    4
    18/09/1818/09
  9. 1,457
    18/09/1818/09
  10. 1,457
    18/09/1818/09
  11. 1,687
    1
    18/09/1818/09
  12. 1,687
    4
    18/09/1818/09
  13. 1,687
    2
    18/09/1818/09
  14. 1,687
    2
    18/09/1818/09
  15. 1,687
    18/09/1818/09
  16. 1,457
    18/09/1818/09
  17. 1,687
    17/09/1817/09
  18. 1,687
    16/09/1816/09
  19. 1,687
    16/09/1816/09
  20. 1,457
    3
    14/09/1814/09
  21. 20,839
    14/09/1814/09
  22. 1,071
    1
    14/09/1814/09
  23. 1,071
    2
    14/09/1814/09
  24. 1,071
    1
    14/09/1814/09
  25. 20,839
    14/09/1814/09
  26. 1,457
    3
    14/09/1814/09
  27. 1,457
    14/09/1814/09
  28. 1,457
    2
    14/09/1814/09
  29. 1,071
    2
    14/09/1814/09
  30. 20,839
    13/09/1813/09
  31. 1,071
    2
    13/09/1813/09
  32. 1,071
    2
    13/09/1813/09
  33. 20,839
    12/09/1812/09
  34. 20,839
    3
    12/09/1812/09
  35. 20,839
    5
    11/09/1811/09
  36. 20,839
    11/09/1811/09
  37. 20,839
    1
    11/09/1811/09
  38. 1,071
    11/09/1811/09
  39. 20,839
    13
    10/09/1810/09
  40. 20,839
    2
    10/09/1810/09
  41. 20,839
    3
    08/09/1808/09
  42. 20,839
    2
    08/09/1808/09
  43. 20,839
    3
    08/09/1808/09
  44. 20,839
    12
    07/09/1807/09
  45. 20,839
    2
    07/09/1807/09
  46. 20,839
    3
    07/09/1807/09
  47. 20,839
    3
    07/09/1807/09
  48. 20,839
    4
    07/09/1807/09
  49. 20,839
    3
    07/09/1807/09
  50. 20,839
    1
    07/09/1807/09
  51. 20,839
    1
    07/09/1807/09
  52. 20,839
    07/09/1807/09
  53. 20,839
    07/09/1807/09
  54. 20,839
    07/09/1807/09
  55. 20,839
    07/09/1807/09
  56. 20,839
    8
    07/09/1807/09
  57. 20,839
    07/09/1807/09
  58. 20,839
    6
    06/09/1806/09
  59. 20,839
    1
    06/09/1806/09
  60. 20,839
    6
    06/09/1806/09
  61. 20,839
    1
    06/09/1806/09
  62. 20,839
    1
    06/09/1806/09
  63. 20,839
    7
    06/09/1806/09
  64. 20,839
    06/09/1806/09
  65. 20,839
    1
    06/09/1806/09
  66. 20,839
    05/09/1805/09
  67. 20,839
    3
    05/09/1805/09
  68. 20,839
    1
    05/09/1805/09
  69. 20,839
    1
    05/09/1805/09
  70. 20,839
    3
    04/09/1804/09
  71. 721
    1
    04/09/1804/09
  72. 20,839
    1
    04/09/1804/09
  73. 721
    04/09/1804/09
  74. 721
    04/09/1804/09
  75. 20,839
    04/09/1804/09
  76. 20,839
    2
    04/09/1804/09
  77. 20,839
    03/09/1803/09
  78. 20,839
    03/09/1803/09
  79. 1,687
    03/09/1803/09
  80. 20,839
    2
    03/09/1803/09
  81. 183
    03/09/1803/09
  82. 20,839
    3
    03/09/1803/09
  83. 20,839
    1
    03/09/1803/09
  84. 20,839
    11
    02/09/1802/09
  85. 20,839
    4
    02/09/1802/09
  86. 20,839
    1
    02/09/1802/09
  87. 20,839
    1
    02/09/1802/09
  88. 20,839
    3
    02/09/1802/09
  89. 20,839
    1
    01/09/1801/09
  90. 20,839
    01/09/1801/09
  91. 20,839
    01/09/1801/09
  92. 20,839
    1
    01/09/1801/09
  93. 20,839
    01/09/1801/09
  94. 20,839
    2
    31/08/1831/08
  95. 20,839
    2
    31/08/1831/08
  96. 20,839
    4
    31/08/1831/08
  97. 20,839
    1
    31/08/1831/08
  98. 20,839
    1
    31/08/1831/08
  99. 20,839
    3
    31/08/1831/08
  100. 20,839
    1
    31/08/1831/08
  101. 20,839
    2
    31/08/1831/08
Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.