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White Cliff to develop cobalt-nickel assets, Aucu gold project

White Cliff Minerals Ltd. will advance its Aucu gold project in the Kyrgyz Republic and its cobalt-nickel assets in Western Australia.

The company's main focus will be on its Aucu gold project, but the cobalt-nickel portfolio has "a realistic chance of being developed" in the current cobalt pricing environment, managing director Todd Hibberd said.

The cobalt-nickel projects are at early stages but have the potential to be developed as stand-alone projects, the company said March 20.

The initial focus of drilling at Coglia Well, Coronation Dam and Ghan Well in Western Australia will be to generate JORC-compliant resources.

An updated resource estimate is expected in early April at the 90%-owned Aucu project.