White Cliff Minerals Ltd (ASX:WCN) has commenced drilling cobalt targets at its Coronation Dam Project in Western Australia.
Drilling is targeting zones with historical drill intersections featuring 16 metres at 0.42% cobalt and 1% nickel from 20 metres.
The initial program will test an 800-metre long section of the 5,700-metre long mineralisation zone.
Drilling is designed to allow for a JORC resource to be estimated following a second drill program.
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White Cliff’s managing director Todd Hibberd said: “We are very pleased to commence drilling at Coronation Dam as it has the highest cobalt grades in our portfolio of cobalt-nickel projects.
“The program aims to validate the historical results and create a platform for the company to rapidly develop JORC compliant cobalt-nickel resources with subsequent drill programs.
“In an environment of rising cobalt prices, limited cobalt supply capacity and rapidly growing cobalt demand, there is an opportunity to substantially increase shareholder value through the development of the project and other promising cobalt-nickel assets in our portfolio.”
After the drill program, three-dimensional modelling on the mineralisation will be complete in preparation for further drilling and resource estimation.
READ: White Cliff Minerals drills out near-surface cobalt and nickel
White Cliff is also waiting on further assay results from aircore drilling at its 100%-owned Coglia Well Cobalt-Nickel Project near Laverton in Western Australia.
It received the first batch of assays in mid-late April which revealed cobalt mineralisation 400 metres wide and 16-20 metre thick.