Join our daily newsletter At The Bell to receive exclusive market insights
White Cliff Minerals (ASX:WCN) has completed an agreement with a local First Nations community that will now enable exploration for copper, gold, silver, and uranium at its Great Bear project in Canada’s Northwest Territories.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The exploration agreement was executed between WCN and the Délınę Got’ınę Government, with this facilitating the commencement of drilling work at the project, which is located in the Great Bear Lake area, noted as one of Canada’s largest uranium mining districts.
WCN has also received a one-year free extension of permits for Great Bear and is now awaiting final approval from Mackenzie Valley Land and Water Board.
The expectation is things should be all back in WCN’s hands in the next few weeks.
The company is also in the final stages of processing and interpretation of geophysical data taken from the project at the end of 2024.
“I’d like to thank the chief, elders, directors of the board, and community members of the Délınę Got’ınę Government for their collaborative review and agreement of the Exploration Agreement at Great Bear,” managing director Troy Whittaker said, adding he now anticipates a busy year of exploration ahead.
“The highly anticipated results from the MobileMT geophysical survey at Great Bear are expected within the coming months.
More market news
51st State: What is Trump’s endgame with tariffs – and what will it mean for Canada?
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
“The data acquired through the survey is nearing final processing and interpretation by our
independent experts – Southern Geoscience.
“We have seen how valuable the data can be at our Rae Copper Project and publishing of results here at Great Bear should prove to be exciting for Shareholders as we start to realise the potential at Great Bear.”
WCN last traded at 1.7cps – a fall of 5.5% since the market opened.
Join the discussion: See what HotCopper users are saying about White Cliff Minerals and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
