Overview of White Cliff Minerals' significant copper discovery

White Cliff Minerals Limited (ASX:WCN) has confirmed a large scale copper discovery at the Rae Copper Project in Nunavut, Canada. The company's maiden field program has returned highest assays of 64.02% Cu, 223g/t Ag, and 2.34g/t Au, confirming extensive massive chalcocite vein systems with significant lateral extent. The project has seen the completion of one of Canada's largest aerial geophysical surveys, covering 2,500 line-km of MobileMT geophysics, with results expected during the December quarter. The company's primary focus, Hulk, a large scale sedimentary hosted copper target, has been identified as a high priority for drilling. Remaining assay results from the Thor and Rocket Districts are expected in the coming weeks.

Executive commentary on the significance of the discovery

The Rae Copper Project is extraordinary in scope and scale. These results are the highest ever recorded copper assays from a representative rock chip sample anywhere in the world. The deep plumbing, copper rich fluids, and fertile nature of the host rocks provide longer-term opportunities for bulk tonne sedimentary hosted copper and potential for direct shipping of a high-grade copper concentrate. The upcoming MobileMT geophysical results will sharpen the resolution of the previous groundwork, confirming drilling targets for the upcoming campaign, which will include the priority - Hulk, a very large, green at surface, 16km by 4km target within the reactive subsurface basal units of the Rae Sedimentary Basin. These two projects are proving to be world class exploration opportunities.

Summary of the significant findings and future outlook

The assay results from the 2024 maiden field program at the Rae Copper Project have confirmed the presence of high-grade copper and precious metal vein systems with significant lateral extent. The project's primary focus, Hulk, a large scale sedimentary hosted copper target, has been identified as a high priority for drilling. The upcoming MobileMT geophysical results are expected to refine the drilling targets for the upcoming campaign. The company's executives have expressed confidence in the world class exploration opportunities presented by the Rae and Great Bear projects, located in a tier one mining and investment jurisdiction with significant infrastructure already in place. The integration of all 2024 data will culminate in the definition of drill targets for a 2025 maiden drilling campaign at the Rae Copper Project, further solidifying the company's ambitions and goals in the region.