White Cliff’s Danvers Success Raises Stakes Amid Exploration and Board Changes
White Cliff Minerals confirms significant high-grade copper and silver mineralisation at its Danvers prospect, raising A$14.4 million to fund expanded exploration. The company also announces a strategic board appointment as it advances its Rae Copper and Great Bear projects.
- Strong assay results from Danvers drilling with multiple high-grade copper and silver intercepts
- A$14.4 million capital raise via flow-through shares and placement strengthens cash position
- Drilling recommenced to test ±10km prospective structure at Danvers and new Hulk sedimentary targets
- MobileMT geophysical survey identifies new high-priority targets at Great Bear Project
- John Hancock appointed to board, bringing strategic advisory support amid exploration ramp-up
Robust Drilling Results Validate Exploration Strategy
White Cliff Minerals Limited (ASX – WCN) has delivered a compelling update from its Rae Copper Project, with assay results from the maiden Danvers drilling program confirming significant high-grade copper and silver mineralisation. The eight-hole campaign, completed between March and May 2025, intercepted mineralisation in every hole, including standout intercepts such as 175 metres at 2.5% copper and 8.66 grams per tonne silver, and a remarkable 1.52 metres grading 19.45% copper.
These results validate the company’s strategy to explore previously untested high-grade zones and extend mineralisation vertically. The geometry of the mineralised envelope at Danvers is described as a thick, vertical, rectangular surface open to the north and south, highlighting the prospect’s potential scale and continuity.
Capital Raising Fuels Next Phase of Exploration
To capitalize on these promising results, White Cliff successfully raised approximately A$14.4 million through flow-through shares under Canadian tax provisions and a concurrent placement to sophisticated investors. This capital injection boosts the company’s cash reserves to around A$14.5 million, providing a strong financial runway for ongoing and expanded exploration activities.
Drilling operations have recommenced as of late June 2025, focusing on a ±10-kilometre prospective structural corridor at Danvers. The program aims to delineate mineralisation boundaries through step-out drilling, which remains open in all directions. Additionally, diamond drilling has begun at the Hulk sedimentary target, a large geophysical anomaly with first-order controls for sediment-hosted copper deposits, marking a new frontier within the Rae Copper Project.
Advancing Regional Exploration and Strategic Leadership
Beyond Rae, White Cliff is advancing its Great Bear Project in Canada, where a MobileMT geophysical survey has identified a new high-priority target along the Contact Lake fault. This target shares geological similarities with historic uranium and silver mines, positioning it as a compelling candidate for further exploration.
On the corporate front, the company announced the appointment of John Hancock as a non-executive director effective August 1, 2025. Hancock’s family office, Astrotricha Capital SEZC, will also provide advisory support through its CEO Gavin Rezos. This leadership addition comes at a pivotal time as White Cliff embarks on the next phase of its Rae Copper Project exploration.
Financial and Operational Discipline
During the quarter, White Cliff reported exploration and evaluation expenditures of approximately A$3.08 million and administration costs of A$376,000. The company also converted 80 million performance rights into ordinary shares following milestone achievements, reflecting operational progress.
With a cash position supporting nearly four quarters of funding at current burn rates, White Cliff is well-positioned to advance its exploration pipeline while maintaining financial discipline. The company continues to monitor and update historic resource estimates at Danvers to align with modern reporting standards, acknowledging the need for further evaluation under the JORC Code.
Bottom Line?
White Cliff Minerals’ robust drilling results and strengthened balance sheet set the stage for a transformative exploration campaign across its Canadian and Australian assets.
Questions in the middle?
- How will updated JORC-compliant resource estimates at Danvers impact project valuation?
- What are the timelines and expected outcomes for the Hulk sedimentary target drilling?
- How will John Hancock’s board role and Astrotricha Capital’s advisory mandate influence strategic decisions?