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White Cliff Minerals Ltd ASX:WCN

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

30 Jun 2025 to today

Commentary 2 comments

DateManagerActionSummary

16 Feb 2026Lowell Resources Funds ManagementHeldLowell Resources Funds Management continues to hold White Cliff Minerals Ltd because the company's Rae copper project in Nunavut, Canada, has returned extraordinary drill results by modern exploration standards — including 175 metres at 2.5% copper and 90 metres at 4% copper — with the potential to expand beyond the historically reported 4.16 million tonne non-JORC resource at 2.96% copper. Lowell Resources highlights the Danvers prospect's potential for development as a low-cost open-pit direct shipping ore operation, and notes the company holds over 72 kilometres of highly prospective Rae Group sediments.

Article, price recorded $0.02

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30 Jun 2025Acorn CapitalExitThe manager exited their position in Whitecliff Minerals because the company announced weaker-than-expected drill results for its Canadian exploration project, casting doubt on whether the project would be large enough to develop commercially. The manager views the results as diminishing the fundamental investment case and opted to exit.

Monthly Report, price recorded $0.02

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on WCN.

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About White Cliff Minerals Ltd

Materials, Metals and Mining

White Cliff Minerals (ASX:WCN), a copper explorer in Canada, has stood out to Lowell Resources Funds Management. In February 2026, Lowell's John Forwood highlighted White Cliff Minerals as an ASX copper name that stands out, owning the Rae project in Nunavut in Canada's far north, which has returned high-grade copper results from historic and recent drilling. White Cliff Minerals operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 2 comments from 2 fund managers, including Lowell Resources Funds Management. Founded in 2007 and headquartered in West Perth, White Cliff Minerals explores for copper and other metals, with its flagship Rae copper project in Nunavut, Canada, a large sediment-hosted copper system, as well as exploration interests in Western Australia, and is advancing drilling programs to define resources as global copper demand rises with electrification and AI infrastructure.

Market cap: $85m
Price to earnings: Loss-making
Return on equity: -408.3%
Dividend yield: 0.0%
Price to book: 9.96x
52-week range: $0.01 to $0.03

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in White Cliff Minerals Ltd (ASX:WCN)?

Fund managers including Acorn Capital and Lowell Resources Funds Management have invested in White Cliff Minerals Ltd (ASX:WCN).

What opportunities or catalysts do fund managers highlight for White Cliff Minerals Ltd?

Lowell highlights White Cliff's Rae copper project in Nunavut as a standout ASX copper exploration opportunity with high-grade potential.

What are the key risks to the White Cliff Minerals Ltd investment thesis, according to fund managers?

The available commentary does not set out specific risks, though exploration in remote northern Canada is costly and seasonal, and White Cliff must fund further drilling.

What does White Cliff Minerals Ltd (ASX:WCN) do?

White Cliff Minerals Ltd. is an exploration company headquartered in West Perth, Australia, founded on July 2, 2007. The firm focuses on the exploration of gold, copper, and nickel deposits. Operational activities are segmented across Australia and the Kyrgyz Republic. Its current project portfolio includes the Aucu, Chanach, Merolia, and Dacian properties.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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