White Cliff Minerals Secures A$14.4m to Boost Copper Exploration

An announcement from White Cliff Minerals Limited ( (AU:WCN) ) is now available.

White Cliff Minerals Limited has successfully raised approximately A$14.4 million through a combination of flow-through shares and a placement to sophisticated investors. This capital raise, which was oversubscribed and included significant contributions from strategic advisor John Hancock and various international financial institutions, will be used to accelerate drilling and exploration activities at the Rae Copper Project. The company is poised to enhance its exploration efforts, particularly at the Danvers and Hulk sites, with the potential for significant copper discoveries, thereby strengthening its market position and financial stability.

More about White Cliff Minerals Limited

White Cliff Minerals Limited is a company involved in the mining industry, focusing on exploration and development projects. Its primary focus is on copper exploration, particularly at the Rae Copper Project, and it aims to expand its operations through strategic investments and capital raises.

YTD Price Performance: 81.25%

Average Trading Volume: 13,688,945

Technical Sentiment Signal: Buy

Current Market Cap: A$56.22M

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