(MENAFN- ABN Newswire)
White Cliff Minerals Ltd (ASX:WCN) provides the Company's latest Investor Presentation.
Quarterly Exploration Summary
- Exploration completed in June quarter
o 3,000m RC drill program at Coglia Well cobalt-nickel project
o 5,000m RC drill program at Coronation Dam cobalt-nickel project
- Extensive cobalt-nickel mineralisation identified including:
o 16 metres at 0.12% cobalt and 0.53% nickel from
o 17 metres at 0.11% cobalt and 1.01% nickel from 78 metres including;
o 6 metres at 0.22% cobalt 1.6% nickel
o Single metre cobalt grades of 0.49% and 0.29%
o Mineralisation 5,000 metres long, 1,000 metres wide, 10-20 metres thick
- Next steps
o Calculate JORC compliant cobalt-nickel resource
o Conduct metallurgical test work to establish recovery and leach kinetics
o Further drilling to expand cobalt-nickel resources
Cobalt-Nickel Investment Overview
- Multiple advanced Australian cobalt-nickel projects
o High cobalt grade and large scale resource potential
o Located near major nickel and cobalt refining infrastructure
o Multiple development options and 100% owned
- Focus: Drilling to define JORC cobalt-nickel mineral resources
- Investment rationale
o Extensive cobalt and nickel mineralisation already identified
o Highly leveraged to rising cobalt and nickel prices
o Restricted cobalt supply but high cobalt demand
o Ethical cobalt production from a Tier 1 country - Australia
- Initial drilling programs completed - results pending
To view the full presentation, please visit:
http://abnnewswire.net/lnk/17E79G4K
Todd HibberdManaging DirectorT: +61-8-9321-2233Mike LangoulantChairmanT: +61-8-9321-2233E: : www.wcminerals.com.au
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