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White Energy Company Limited ( (AU:WEC) ) has issued an announcement.
White Energy reported that recent diamond drilling at its Specimen Hill copper-gold project in Queensland has intersected widespread alteration and signs of copper-gold mineralisation, consistent with large metasomatic iron alkali–calcic systems akin to IOCG, IOA and porphyry-style deposits. Assay results are pending, and the company has achieved a second earn-in milestone to lift its interest in Specimen Hill to 76%, while continuing analysis of extensive ionic sampling at its Tindal project in the Northern Territory.
The company also expanded its coal technology footprint by signing an exclusive worldwide agency agreement with Illinois-based briquette machine manufacturer K.R. Komarek Inc. and is assisting joint venture partner Proterra to promote and develop Binderless Coal Briquetting technology in South Africa. This includes support for a small commercial-scale demonstration BCB plant, aimed at showcasing cleaner coal utilisation and potentially enhancing White Energy’s positioning in both minerals exploration and value-added coal technology markets.
More about White Energy Company Limited
White Energy Company Limited is a global energy and resources group focused on mining exploration and coal technology. The company is leveraging emerging technologies to improve energy production efficiency and explore for copper, gold, zinc and other minerals essential to a decarbonised economy, with projects across Queensland, the Northern Territory and South Australia.
Average Trading Volume: 50,369
Technical Sentiment Signal: Sell
Current Market Cap: A$20.75M
For detailed information about WEC stock, go to TipRanks’ Stock Analysis page.