Access & Infrastructure
COPPER-SILVER

Rae – well located, proximal to port and infrastructure

  • Project is well located on mainland Canada, 75 km from nearest town of Kugluktuk (population ~2000), providing support and a deep-water port
  • Rae camp & project area accessed via all-weather runway
  • Key logistics supported from the domestic & industrial hub of Yellowknife (population > 20,000), located only 90 minutes away by flight.
  • Yellowknife has strong familiarity with the mining sector, providing logistical support to numerous nearby mining operations.
  • Nearby mines in include Agnico Eagle’s Hope Bay (Au) mine, B2Gold Corp’s Goose (Au) Mine, Burgundy Diamond Mines Ekati (diamond) mine and Rio Tinto’s Diavik (diamond) Mine

Canadian Government First Mile funding initiatives provide further potential for infrastructure

Dash 7 aircraft on the Company’s all weather air strip

Town and Port of Kugluktuk, only 75km from the Rae Copper-Silver Project

Industrial town of Yellowknife only 90 minutes by flight

Industrial town of Yellowknife only 90 minutes by flight

Industrial town of Yellowknife only 90 minutes by flight

Rae Project Details

  • Project covers an area of 1,228km2, situated ~75km from the town of Kugluktuk and an open water port

Results to Date

  • Assays confirm the presence of substantial high-grade copper
  • Key Results include: 175m @ 2.5% Cu (DAN25008), 58m @ 3.08% Cu (DAN25003), and 63m @ 2.23% Cu (DAN25002).

Danvers vs Hulk Sedimentary

  • The project holds the potential to host high grade, large tonnage epithermal & sedimentary copper systems
  • Danvers, an epithermal vein system – mineralised envelope open in all directions
  • Hulk, a large scale sediment hosted copper target with a geophysical anomaly spanning 150km2 within the >72km Rae group sedimentary structure

Drilling @ Rae

2025 Drilling results

  • Recent results from White Cliff’s 2025 RC campaign at Danvers have affirmed the potential for a material copper discovery
  • Results include:
  • DAN25008: 175m @ 2.5% Cu & 8.66g/t silver (Ag) from 7.6m, including 14m @ 7.55% Cu & 25.8g/t Ag, ending in mineralisation with the last 1.5m sample recording 4.46% Cu & 11.58g/t Ag, open at depth
  • DAN25003: 58mtrs @ 3.08% Cu and 13.3g/t Ag from 52m, including 18m @ 5.21% Cu and 22.33g/t Ag
  • DAN25002: 63mtrs @ 2.23% Cu & 7.1g/t silver (Ag) from 9.14m, including 15m @ 5% Cu & 16.9g/t Ag from 18.29m
  • Drilling extends mineralization below historic drilling limits of at least 30m
Industrial town of Yellowknife only 90 minutes by flight

Chalcocite veining in RC drill chips from DAN25008

Next Steps

  • Further assays from Danvers due in the coming weeks
  • Follow up diamond drilling being planned to commence in July 2025
  • Selected geophysical survey and investigation to be undertaken to explore 9.1km target fault zone
Industrial town of Yellowknife only 90 minutes by flight

Sample No. F005958 from Rae

DANVERS OVERVIEW

DANVERS – An opportunity to accelerate the pathway to an initial resource for the Rae area

A high grade copper discovery with upside potential to be realised across >9km strike

Danvers Project Area – Open in all directions

Map of the Danvers project area showing historic drilling and the current drilling being undertaken by the Company

RAE Project area

2024 Field Campaign

2024 Field Campaign

  • High grade, copper samples, retrieved from multiple areas, across significant strike length on the Project area
  • Multiple high-grade copper vein systems identified
  • Vision
    A ±10km long NE/SW structural corridor, feeding from the Herb Dixon regional fault; results included 64.02% Cu & 152 g/t Ag (F005965), 62.02% Cu & 162 g/t Ag (F005966), 50.48% Cu & 102 g/t Ag (F005959), 55.01% Cu (F005977), 46.07% Cu (F005984), 44.43% Cu (F005979) and 43.10% Cu (F005985)
  • Rocket
    An area ±400m x 200m containing dominant chalcocite vein systems: 54.12% Cu (F005950), 53.82% Cu (F005949), 53.47% Cu (F005935), 53.24% Cu (F005944) and 51.59% Cu (F005942)
  • Thor
    host to the historic HALO occurrence, >800mtrs of outcropping mineralization identified: 54.02% Cu (F005921), 25.7% Cu (F005922), 24.4% Cu (F005927) and 24.1% Cu (F005931)

Sedimentary Hosted Copper

  • All first-order controls for a sediment-hosted copper deposit – with a proof-of-concept historic drilling result <2km east of our licence boundary
  • Right time, right place: Proterozoic Era basins host some of the largest sediment hosted copper deposits
  • Well-endowed district: Evidence of copper-fertile hydrothermal fluids is present throughout the project, evidenced by the numerous volcanic hosted showings
  • Scale: >72km of highly prospective Rae Group sediments sit on the Company’s licence

Copper rich rock sample (F005987) from Quartz sandstone at the Hulk Target

Helicopter supported field work in 2024 at the Company’s Rae Project

Hulk – A district Scale conductive anomaly

  • Three, fault controlled, sub basins covering > 20km of strike across the Rae Group Sediments
  • Covers >150km1 within a larger, sub-basin that has interpreted dimensions that exceed 20km by 10km with anomolys open to the north
  • Mineralisation being targeted within a sedimentary horizon of between 200 & 300mtrs below surface intersections
Inverted conductivity section along line 7740 (N/S), lookingg East through the basalt-sediment contact. A gently north dipping conductive zone over >10km, is observed through the sub basin

Inverted conductivity section along line 7740 (N/S), lookingg East through the basalt-sediment contact. A gently north dipping conductive zone over >10km, is observed through the sub basin

Conductivity response within the Hulk target. Elevated conductivity is observed across km’s within the Rae Group sediments, & remains open to the north into the newly acquired mineral claims

Stark – A target in its own right? And … IS IT feeding Hulk

  • Herb Dixon fault: a major, regional N/S fault covering >25km through the Company’s Rae Project that intersects the Hulk area
  • It can be traced to the Vision target where assays from rock chips included results of 64.02%, 62.02%, 55.01% and 50.48% Cu
  • The Stark target, situated on the Herb Dixon fault presents a highly conductive signature over more than 14km strike length and up to 2.2km wide that is coincident within a well-defined structure

Map of the Herb Dixon Fault Zone target named STARK. >14 km of N/S strike of anomalous conductivity with a zone of 7 km showing high conductivity.