White Cliff Minerals (ASX:WCN) has been granted licence approvals from the Northwest Territories Mining Recorder Officer for its Radium Point Uranium Project in Canada.
The $22.70 million market capitalisation company says the approvals mark another major step in the permitting process and allows White Cliff to appoint contractors for exploration activities this year, as well as complete the logistical planning phase.
Chairman Roderick McIllree says the company anticipates beginning exploration work in Q2 2024, while the focus remains on finalising operational aspects and working closely with the local communities, indigenous groups, and other stakeholders to ensure the work aligns with community expectations.
“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 mineralised area over time.”
Exploration will focus on former mined areas for extensions to previously exploited mineral bodies, alongside known outcropping prospects throughout the licence area through air and ground geophysics, and rock chip sampling on previously uncovered outcropping ‘high-grade’ uranium mineralisation.
The company will also confirm testing ‘larger’ geochemically anomalous areas throughout the broader project area in preparation of drilling.
White Cliff notes Radium has been identified by the Northwest Territories Geoscience Office as having the ‘highest’ potential for ‘large-scale’ iron oxide copper gold and uranium style mineralisation in Canada.
The Radium Point project covers a 3,300km-square area in the Echo Bay district of the northern Great Bear magmatic zone.
White Cliff Minerals is a mineral explorer focused on rare earths, iron-oxide copper-gold, lithium, uranium and base metals projects in Canada and Western Australia.
As of 31 December 2023, the company had $723,000 cash and cash equivalents at hand, according to its latest quarterly report. Post-quarter-end, White Cliff secured $4.33 million of funding through an underwriting agreement.
Write to Aaliyah Rogan at Mining.com.au
Images: White Cliff Minerals
