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White Cliff Minerals Limited (“WCN” or the “Company”) is pleased to announce that its Rae Copper Project, Nunavut (the “Project”) has now received the remaining permits and approvals required to commence drilling activities. The maiden drilling campaign will follow up high priority targets that were generated during the successful field campaign at the Rae Copper Project during 2024, where copper rock chips returned remarkable assays, with results exceeding 60% Copper (refer to announcements dated 4 October and 14 October 2024).

• Type B Water Licence issued by the Nunavut Water Board allowing activities to occur for an initial period of seven (7) years
• The Rae Copper Project is now fully permitted allowing drilling activities to commence during March 2025
• Updates on drill targeting, contractor selection, and mobilisation will be provided in the coming weeks

“It is pleasing to see the approval from the Nunavut Water Board occur so swiftly, and some four or so weeks ahead of our planned schedule. The Rae Copper Project is now fully permitted with drilling activities planned to commence during March.

Our initial campaign will focus on targets within the highly prospective Hulk Sedimentary prospect and the Danvers project area. Over the coming weeks, we aim to finalise contractor selection and settle plans for priority target holes.

This is a significant milestone for the Company, with drilling activities now fully approved. I’d like to take this time to acknowledge the greater White Cliff team and our partners; this milestone, achieved in such a swift fashion is remarkable. I can’t wait to safely and successfully execute this upcoming drilling campaign and I look forward to sharing updates about our progress as we award drilling contracts and mobilisation activities commence towards the Rae Site!”

Troy Whittaker – Managing Director

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This article includes content from White Cliff Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a material increase in its JORC (2012) Mineral Resource estimate for its 100% owned Candelas Project (Candelas or the Project) located in the Catamarca Province, Argentina. Galan engaged SRK Consulting (Australasia) Pty Ltd (SRK) to update the Mineral Resource Estimate (MRE) of Lithium Carbonate Equivalent (LCE) and potassium chloride equivalent (KCl).

• 100% owned Candelas Mineral Resource grows by more than 150% to 1.6Mt LCE.
• Galan’s Hombre Muerto resource position (9.5 Mt LCE) places it within the top 10 of lithium construction and production projects globally ⁽¹⁾
• Material increase at Candelas provides greater optionality in commercialising the Project
• Significant upside potential also identified to further enhance the latest Candelas Mineral Resource

In late 2024, Galan completed surface mapping and undertook additional geophysics over Candelas and its surrounding environs. Based on this additional geoscience data, SRK remodelled the hydrogeological domains and re-estimated mineral resources for lithium, potassium, LCE, and KCl (potash), leading to the material increase in the Candelas MRE Estimate (Table 1).

Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:

“Applying sound geoscientific knowledge and modern exploration techniques to a world-class lithium resource has continued to deliver outstanding results for Galan. We identified the potential to add significant value-accretive LCE tonnes at Candelas on a very modest budget and have delivered on that opportunity.

On behalf of the Board and myself, I would like to thank our team and our consultants. With this material resource growth, Galan now sits within the top 10 lithium production and construction projects, by Mineral Resource, which is an unbelievable achievement from our maiden resource generated in 2019.

Our resources are focused on finalising the Phase 1 financing and offtake process followed by completion of the Phase 1 construction and operations at HMW.”

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This article includes content from Galan Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Mount Hope Mining Limited (ASX: MHM – ‘Mount Hope Mining’ or ‘the Company’) is pleased to provide an update on its quarterly activities for December 2024.

Highlights

Successful ASX listing

• Listed on the Australian Securities Exchange (ASX) following the successful completion of an Initial Public Offering (IPO) raising $5 million.

Orientation Soil Survey Completed

• Orientation soil geochemical survey completed, with results anticipated imminently.

Geophysical Targeting Commenced

• Southern Geoscience Consultants (SGC) engaged to refine existing targets and plan on-ground geophysical surveys commencing February.

Mount Hope Mining Managing Director Fergus Kiley commented:

“The December quarter has been transformative for Mount Hope Mining, headlined by our successful IPO listing on the ASX raising $5 million.

“We also completed an orientation soil geochemical survey using three complementary sampling methods, with results expected by the end of January 2025. These results will guide our exploration efforts as we refine our existing advanced projects and define new targets across this underexplored and mineral-rich region.

“Southern Geoscience has been engaged to undertake a detailed review of existing geophysical datasets, including reprocessing the 2021 airborne electromagnetic survey. This work will enhance our understanding of the project’s structural controls for mineralisation and identify further high-priority exploration areas.

“Our 175km² Mount Hope Project, located in the prolific Cobar mining district of NSW, offers strong potential for high- grade copper and gold discoveries. With a clear, data-driven strategy and solid local infrastructure, we are well-positioned to unlock its value, build on the district’s historic success, and deliver shareholder value through potential further discoveries.

“I would like to thank our shareholders for their support during the IPO and look forward to keeping the market updated as we progress exploration at the Mount Hope Project.”

Figure 1: Mount Hope geological map with operating and historic mines & current resources.

Orientation Soil Geochemical Survey

In December 2024, Mount Hope Mining completed an orientation soil geochemical survey across two targets within the Mount Hope Project area (Figure 2). The survey was designed to assess and refine the geochemical sampling techniques considered most effective for detecting buried mineralisation in this region.

The Company will test multiple sampling types to determine the optimal sampling technique for each of the geological terrains. Results from the survey are expected to be finalised imminently.

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This article includes content from Mount Hope Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or “the Company”) and its wholly owned subsidiary Wyoming Rare (USA) Inc. (“WRI”) are pleased to announce a major milestone resource update for the Halleck Creek Rare Earth Project in Wyoming. The updated JORC-compliant Mineral Resource Estimates (MRE) further establish Halleck Creek as one of the largest rare earth deposits in North America and underscore ARR’s continued progress in unlocking its potential as a strategic U.S. asset.

Highlights

• Halleck Creek Total Mineral Resource Estimate increased by 12.2% to 2.63 billion tonnes at 3,926 ppm Total Rare Earth Oxides (TREO).
• Red Mountain Area within Halleck Creek saw a 29.7% growth in resources, increasing to 1.24 billion tonnes, with an 8.3% uplift in grade to 3,252 ppm TREO.
• Cowboy State Mine, representing the first phase of project development within Red Mountain, grew by 29.4% to 543 million tonnes, with a 2.7% increase in TREO grade to 3,438 ppm.
• The deposit remains open at depth and along strike, offering significant upside potential, with the mineral resource estimate covering approximately 16% of the greater Halleck Creek project surface area.

The Halleck Creek resource now exceeds 2.63 billion tonnes, representing a significant 12.2% increase over the previous estimate. This growth highlights the transformational scalability of the project, which remains open at depth and along strike.

The Cowboy State Mine, located within the Red Mountain area, continues to deliver robust resource growth and remains central to ARR’s development strategy. Its location on Wyoming State land provides a streamlined permitting process, accelerating ARR’s ability to unlock the project’s full value. The project’s favorable geology and near-surface mineralization support the potential for a low-cost open-pit mining operation, while ongoing metallurgical test work continues to demonstrate the potential for efficient processing of rare earths. These results reinforce ARR’s ability to support the U.S. government’s efforts to secure domestic critical mineral independence, reducing reliance on imports and supporting economic growth and national security objectives.

Chris Gibbs, CEO of American Rare Earths, commented:

“This resource update demonstrates the continued growth, scale, and strategic importance of Halleck Creek as a cornerstone project for the U.S. rare earth supply chain. With the deposit still open at depth, and along strike, the upside potential is truly remarkable. With the Halleck Creek mineral resource estimate covering approximately 16% of the greater Halleck Creek project surface area, we believe opportunities exist to expand mineral resource estimates with additional exploration.”

“The expanded resources will strengthen the project’s economics as we finalise the updated Scoping Study, which is set for release shortly, and continue integrating this data into the Pre-Feasibility Study, scheduled for completion later this year. Halleck Creek is positioned to become one of the most significant rare earth assets in North America, supporting U.S. critical mineral independence and economic growth.”

Next Steps and Path Forward

The updated resource model and mine plans will have a positive impact on Halleck Creek’s project economics, further enhancing its strategic importance. ARR is currently integrating the updated resource and high-grade data into the Scoping Study, which was originally released in March 2024. The updated study is nearing completion and will be released in February 2025.

In parallel, ongoing metallurgical test work continues to deliver promising results, highlighting the potential for cost- efficient processing at Halleck Creek. As outlined in the 2024 Scoping Study, approximately 90% of the gangue (waste) material can be removed during gravity and magnetic separation, significantly increasing REE grades through physical separation methods prior to leaching, which significantly reduces operational costs. Optimisation of these processing techniques is ongoing, and further results will be announced as the next round of metallurgical testing is completed in the March 2025 quarter.

In addition, the updated resource estimates will be incorporated into the ongoing Pre-Feasibility Study (PFS), which remains on track for completion later this year. The PFS will provide a more detailed evaluation of Halleck Creek’s technical and economic potential, supporting ARR’s phased approach to development and commercial production.

Technical Summary

Summary of Key Material Information used to Estimate the Mineral Resources

The updates to the geological models and Mineral Resource Estimates (MRE) were completed by Odessa Resources Pty. Ltd. on behalf of ARR. The updated MRE has been prepared in accordance with the 2012 JORC Code.

The results from the 2024 exploration drilling program at the Cowboy State Mine (CSM) area of Red Mountain, combined with additional surface sampling and geological mapping at Halleck Creek, have increased the in-situ resource estimates to 2.63 billion tonnes at an average grade of 3,292 ppm TREO (Table 1). This represents a 12.2% increase in in-situ tonnage compared to the January 2024 resource estimate for the entire Halleck Creek Rare Earth Project (Figure 4).

Table 1 – Mineral Resource Estimate at Halleck Creek (1000ppm TREO cut off)

The Halleck Creek rare earth project comprises two primary resource areas: Overton Mountain, located to the north, and Red Mountain, to the south (Figure 5). Within the Red Mountain area lies the Cowboy State Mine (CSM), a subarea where WRI is focusing its development efforts. The state of Wyoming owns both the surface and mineral rights within the CSM area, which are leased by WRI. This Wyoming ownership provides WRI with a streamlined permitting pathway through the state.

In 2024, WRI conducted drilling operations in the CSM area. The additional drill holes and assay data enabled the expansion of resource areas and provided detailed geological characterization of the rare earth-bearing Red Mountain pluton within the Red Mountain and CSM areas. As a result, the updated resource estimates apply to the Red Mountain and CSM areas. The Mineral Resource Estimate (MRE) for Overton Mountain remains unchanged.

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This article includes content from American Rare Earths Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.