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Company ProfileWhite Cliff Minerals Limited
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
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WCN.AX
White Cliff Minerals Limited Stock AnalysisComprehensive stock analysis for White Cliff Minerals Limited (WCN.AX) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisWCN.AX
WCN.AX
White Cliff Minerals Limited
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
WCN.AX
Home🔹Stocks🔹White Cliff Minerals Limited

White Cliff Minerals Limited

FRC Coverage
🇦🇺WCN.AX•ASX

White Cliff Minerals Limited

FRC Coverage
🇦🇺WCN.AX•ASX
Sentiment

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Your view
Company Overview

Overview

What the company does, where it operates, and who runs it.

*White Cliff Minerals Limited has paid FRC a fee for research coverage and distribution of reports.

About White Cliff Minerals Limited

Industry
Gold
Sector
Basic Materials
CEO
Troy Whittaker
Headquarters
99 St Georges Terrace Level 8, Perth, WA, AU
Industry
Gold
Sector
Basic Materials
CEO
Troy Whittaker
Headquarters
99 St Georges Terrace Level 8, Perth, WA, AU
Description

WCN is advancing the district-scale Rae copper-silver project in Nunavut, Canada. Prospective for high-grade copper; such deposits are attractive due to their potential for higher production at lower costs.

FRC Research
Buy
Fair Value Estimate
AUD$0.05

Grade is King: A Potentially Deep Value Copper-Silver Play – Initiating Coverage

Report · Mar 14, 2026

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FRC Research
Buy
Fair Value Estimate
AUD$0.05

Grade is King: A Potentially Deep Value Copper-Silver Play – Initiating Coverage

Report · Mar 14, 2026

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Media

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Financial Data

Stock Data

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Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for White Cliff Minerals Limited, and the rating behind it. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for White Cliff Minerals Limited. Starting points for White Cliff Minerals Limited: EPS -AUD 0.0061 — an Gold name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for White Cliff Minerals Limited. White Cliff Minerals Limited does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for White Cliff Minerals Limited. Trailing twelve-month EPS for White Cliff Minerals Limited stands at -AUD 0.0061. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for White Cliff Minerals Limited. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

White Cliff Minerals Limited valued side by side against its closest peers. White Cliff Minerals Limited is measured against Gold peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold White Cliff Minerals Limited, and how their positions are changing. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by White Cliff Minerals Limited executives and directors. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming White Cliff Minerals Limited. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming White Cliff Minerals Limited. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for White Cliff Minerals Limited. Coverage tracks White Cliff Minerals Limited within Gold (Basic Materials). Press releases and market coverage, newest first.

Discussion

Comments

Comments and replies from FRC members about this company.

Peer companies

  • CDT.AXCastle Minerals Limited
  • GBM.AXGBM Resources Limited
  • LSR.AXLodestar Minerals Limited
  • NWM.AXNorwest Minerals Limited
  • NXM.AXNexus Minerals Limited
  • RMX.AXRed Mountain Mining Limited
  • SKY.AXSky Metals Limited

More Gold companies

  • AGC.AXAustralian Gold and Copper Limited
  • AGC.CNAvanti Gold Corp.
  • AGCZAndes Gold Corporation
  • AGDXFAntioquia Gold Inc.
  • AGIAlamos Gold Inc.
  • AGI.TOAlamos Gold Inc.
  • AGRDFMinnova Corp.
  • AGXKFAnglo Asian Mining PLC
  • AIS.VA.I.S. Resources Limited
  • AISSFA.I.S. Resources Limited
  • AIVNAmerican International Ventures, Inc.
  • AKA.AXAureka Limited

Research Reports

1 report

*White Cliff Minerals Limited has paid FRC a fee for research coverage and distribution of reports.

Mar 14, 2026

Grade is King: A Potentially Deep Value Copper-Silver Play – Initiating Coverage

White Cliff Minerals Limited's Rae Project shows high-grade copper potential with significant resource expansion opportunities.

Thumbnail for Grade is King: A Potentially Deep Value Copper-Silver Play – Initiating Coverage
15 notes

*White Cliff Minerals Limited has paid FRC a fee for research coverage and distribution of reports.

Oct 19, 2026· 3 days agoLatest

Company announcement

Billionaire Backing Boosts M&A Potential (All figures are in A$)

FRC Analyst's Comment

WCN received shareholder approval for the previously announced $9M strategic investment from Hancock Prospecting, an Australian mining and investment group, led by billionaire Gina Rinehart. Hancock will acquire a 13.5% stake in WCN, providing a strong endorsement of management, and the company's exploration strategy. The proceeds will fund expanded and accelerated drilling at the Rae Copper project in Nunavut.

Rae is prospective for high-grade copper, and such projects are highly sought after for their potential to deliver superior economics through higher production at lower costs. Our research indicates that high-grade copper juniors can trade at a 3–5x premium to lower-grade peers. Located approximately 75 km from a deep-water port and near major mining operators including Agnico Eagle Mines, B2Gold, and Rio Tinto, Rae also benefits from strategic advantages, including potential infrastructure access, established mining expertise in the region, and proximity to potential industry partners.

Overall, we view the investment as a major milestone for WCN. Combined with promising drilling results, Hancock's backing could significantly improve WCN's ability to advance the project, and increase its attractiveness as a potential acquisition target.

Oct 13, 2026· 1 week ago

Company announcement

High-Grade Copper Results and New Discovery Expand Exploration Potential

FRC Analyst's Comment

WCN reported strong infill (drilling between existing holes to better define the deposit) and step-out (drilling beyond known mineralization to test for extensions) results at the Danvers 1 target within its Rae copper project in Nunavut.

Infill drilling intersected 76.5 m grading 2.01% copper, including 16 m at 5.07%, and 4 m at 11.19%. For context, copper grades at operating mines typically range from 0.5% to 1.0%, highlighting the significance of these results, and their potential to support stronger project economics. Three step-out holes also encountered visible copper to a vertical depth of 240 m, suggesting mineralization may extend deeper. With four primary targets remaining open along strike and at depth, we believe ongoing drilling will help establish the overall size, and continuity of the Danvers system.

WCN also reported a new copper discovery in a previously untested structure extending 2.8 km parallel to Danvers 1, and less than 200 m to its east. The discovery hole intersected 28.52 m of visible copper, starting just 16 m downhole. The new discovery adds another exploration target to the project, with assay results needed to determine its copper grades, and potential significance.

Sep 28, 2026· 3 weeks ago

Company announcement

Expanding Scale, Strong Copper Grades

FRC Analyst's Comment

WCN reported promising results from its ongoing drill program at the Danvers targets, within the Rae copper project in Nunavut. Step-out drilling, which tests for extensions of known mineralization, at Danvers 1, one of the project’s primary targets, intersected 16.1 m grading 1.20%. For context, copper grades at operating mines typically range from 0.5% to 1.0%, highlighting the significance of the reported grades. These results could support stronger project economics.

Meanwhile, drilling at Danvers 3, another priority target, confirmed high-grade, near-surface copper mineralization, and expanded the mineralized footprint at depth.

The continued expansion of mineralization across multiple targets provides evidence of district-scale continuity. With four primary targets open along strike and at depth, ongoing drilling will be important in determining the overall scale, and continuity, of the Danvers system.

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