White Cliff Minerals Limited ( (AU:WCN) ) has provided an update.
White Cliff Minerals Limited has announced the sale of its Reedy South Gold Project to Bain Global Resources Pty Ltd for A$1.2 million in cash. This divestment allows White Cliff to concentrate on its Canadian projects, particularly the Rae Copper Project, where drilling is underway. The sale marks the completion of the company’s strategy to divest its Australian assets, potentially strengthening its focus and resources on more promising ventures in Canada.
More about White Cliff Minerals Limited
White Cliff Minerals Limited is a mining company focused on exploring and developing mineral resources. The company is actively involved in projects in Canada, particularly in the Great Bear Lake area, known for its potential in iron-oxide-copper-gold uranium plus silver-style mineralization. Their Canadian projects include the Rae Copper Project, which has shown high-grade copper mineralization, and the Bentley Gold Copper Project, which is in the exploration stage.
Technical Sentiment Signal: Buy
Current Market Cap: €17.81M
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