WCN 5.56% 1.7¢ white cliff minerals limited

Ann: Appendix 3Y - Daniel Smith, page-4

  1. 10,177 Posts.
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    The write up on U on the website is impressive - they need to retest exploration samples because of high grade !!

    https://wcminerals.com.au/radium-point-uranium-project/

    Cap $20 mil Cash $2.9 (31/12 Q) + $4.4 mil (oppie underwritten) ~ $7 mil. So the programs outlined, particularly at Radium Point and Coppermine, can progress with acquisition of data and aerial geophysics.

    Excellent exec team and board - see website - and here is a snip from the very informative info there.

    "Total Historical production (pre-1982) from the project area is recorded as follows;

    • 13,700,000lbs Uranium oxide (“U3O8”),
    • 34,200,000oz of refined silver and
    • 11,377,040 lbs of copper with gold credits.
    • 104,000kg lead, 127,000kg Nickel & 227,000kg Cobalt
    • Using current prices this conservatively represents more than US$2bn worth of metal production on the licence area.


    This production was focussed around three large scale production centres at Radium point;"

 
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