Company and Mining

9 November 2016

White Cliff Minerals Limited is pleased to offer eligible shareholders:

  • The opportunity to increase your shareholding in White Cliff Minerals Limited
  • At a share price substantially better than the current market price
  • With one free attaching option for each three shares subscribed and;
    • The Company will apply to have the options listed
  • Share will be allotted on a first come first served basis

Share Purchase Plan Offer

The Company is offering:

  • 67 Million shares to raise 1.25 Million dollars
  • At an offer price is $0.0075 (0.75 cents) per share
  • Plus a free option for every three shares subscribed
  • Free option exercisable at 1.3 cents and expires on 31 December 2018
  • The Company will apply for the options to be listed
  • Share will be allotted on a first come first served basis

Why Invest?

Recent Share Placement Heavily Oversubscribed

The Company has just completed a $1.5 Million dollar placement to sophisticated investors. The placement was heavily oversubscribed with demand exceeding $2 Million dollars.

Kyrgyz Gold Project Delivering Substantial Drilling Results 

Drilling at the Aucu Gold Project is delivering substantial gold mineralisation from surface. Current results include:

  • 1 metre at 25.6 g/t gold within:        3 metres at 9.8 g/t gold
  • 1 metre at 41 g/t gold within:            3 metres at 14.3 g/t gold
  • 1 metre at 41.3 g/t gold within:         4 metres at 12 g/t gold
  • 1 metre at 21.6 g/t gold and;
  • 1 metre at 24.0 g/t gold within:         9 metres at 8.3 g/t gold
  • 7 metres at 5.1% copper within:        34 metres at 1.36% copper from 71 metres

Assay results for a further nine holes are pending. Drilling is ongoing.

Visible Gold at Surface Supports High Grade Drilling Intersections at Depth

Drilling at depth has confirmed the visible gold identified in surface outcrops of quartz veining. The Quartz Zone outcrops at surface in all six road cuttings completed and visible gold has been identified in rock samples at surface in all six road cuttings over an elevation range of 140 metres to date. The quartz zone has been mapped and extends at least 450 metres along strike and is open in both directions.

West Australian Gold Projects Provide Exploration Spice

Recently the Company identified multiples gold in soil anomalies at the Merolia Project in Western Australia.

The anomalies have gold in soil values greater than 100ppb gold with results as high as 42100ppb (42.1 g/t gold). These results are considered exceptional and the Company has lodged applications to drill the three gold anomalies in late 2016 or early 2017.

Taking Up your Share Purchase Plan Offer

Given the exceptional demand for the recently completed placement, you are encouraged to get your applications in quickly to ensure you get you desired allocation.

Application forms were dispatched today and applications will be processed on a first come first served basis.

For further information, please see the link below to today’s ASX announcement.

ASX Announcement