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White Cliff Minerals (ASX: $WCN) receives licence approvals for Radium Point project

Overview of White Cliff Minerals' licence approvals for Radium Point project


White Cliff Minerals Limited (ASX: $WCN) has received licence approvals from the North-West Territories regulator for its Radium Point project. The approvals, granted for applications lodged in Q4 2023, mark a significant milestone for the company. The Radium Point Project area, known for historical production of uranium oxide, refined silver, copper, lead, nickel, and cobalt, has been identified as having the highest potential for large-scale mineralisation in Canada by the Northwest Territories Geoscience Office. White Cliff is now the single largest holder of mineral exploration claims and licenses in the Northwest Territories. The company is preparing to commence exploration activities in Q2 2024 and is in the process of finalizing contractor selection for the upcoming work programs.

Chairman's perspective on licence approvals and upcoming exploration activities


With the granting of these licences, we are now finalizing contractor selection and anticipate commencing exploration activities in Q2 2024. The Radium Point program will run in close collaboration with planned work at Coppermine, the company's recently granted district scale copper project. In some instances, White Cliff will use the same contractors, with geophysical programs culminating in extensive drilling on outcropping areas identified throughout this large-scale mineralized area over time. While focus will move to finalizing operational aspects of the upcoming exploration program, the Company will also continue to work closely with local communities, indigenous groups, and other stakeholders to ensure activities align with community expectations and these considerations are actively integrated into all activities.

Summary of Radium Point project and outlook


White Cliff Minerals Limited has secured licence approvals for its Radium Point project, positioning the company to commence exploration activities in collaboration with the Coppermine project in Q2 2024. The Radium Point Project area, known for historical production of uranium oxide, refined silver, copper, lead, nickel, and cobalt, holds significant potential for large-scale mineralisation in Canada. The company aims to finalize contractor selection for the upcoming work programs and is committed to integrating community expectations into its activities. With a focus on former mined areas and known outcropping prospects, White Cliff is preparing for extensive drilling and detailed exploration in the near future. The company's efforts to work closely with local communities and stakeholders reflect its commitment to responsible and sustainable exploration practices.

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