WCN:Commenting on the acquisition of Midway Resources, White...

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    WCN:

    Commenting on the acquisition of Midway Resources, White Cliffs’ Non-Executive
    Chairman Michael Soucik said:

    “We have demonstrated over the last 12+ months the ability to unlock value from
    the Company’s existing project portfolio and to identify low-cost acquisition
    opportunities to grow shareholder value. The Reedy South Gold project is
    continuing to grow in scale and potential, and we see a busy year in 2021 and
    beyond.

    “We believe that the proposed acquisition of Midway Resources is complimentary
    to the Company’s existing portfolio. The assets hold a mixture of historical results
    and exploration upside. The Company will endeavour to define a maiden JORC
    resource at the Muirs project from the historical results and undertake a drilling
    program at Mareburn and Longwood projects where exploration targets have been
    identified.”

    Refer to ann.(24/3/21) for more info. Also be wary of 30M escrowed shares released on 7/4/21.
 
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