White Cliff Minerals : Yinnetharra Site Visit Confirms Numerous Pegmatite Dykes

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ASX ANNOUNCEMENT

16 December 2021

Yinnetharra Lithium and Rare Earths Project Site Visit

Confirms Numerous Pegmatite Dykes

HIGHLIGHTS

• A helicopter supported first pass field trip to Yinnetharra focusing on Li/REE elements has been completed and has identified numerous pegmatite dykes
• The recent tenement applications by White Cliff at Yinnetharra, and the acquisition of complimentary projects at Yinnetharra, held by Magnet Resource Company Pty Ltd (Magnet), were targeted in this first pass field trip
• Samples from the trip have been submitted to ALS Laboratories for analysis by peroxide fusion MS91 for a comprehensive suite of pegmatitic and related elements
• White Cliff plans to aggressively advance the Company's lithium and rare earth element project portfolio, alongside its Reedy South Gold Project

White Cliff Minerals Limited (White Cliff or the Company) is pleased to announce that the first pass field trip to Yinnetharra (Figure 1) successfully identified numerous pegmatite dykes.

The reconnaissance trip to Yinnetharra took place over three days, with the Company targeting rock chip sampling from 15 sites, out of 20 priority targets areas identified through satellite imagery and historical sampling programs, such as carried out by GSWA. Given the extensive tenement package at Yinnetharra (~574km2), White Cliff utilised a helicopter out of Carnarvon to carry out the first pass exploration program.

Commenting on the field trip, White Cliff Technical Director Ed Mead said:

"We've achieved what we wanted from the first pass field trip and the initial inspection are most encouraging. Confirmation of numerous pegmatite dykes highlight the potential for possible lithium and REE mineralisation sitting within the project area and we look forward to receiving first assay results that we are expediting through ALS. Follow-up exploration programs are planned for early in the New Year "

ASX:WCN		wcminerals.com.au
White Cliff Minerals Limited	Level 8, 99 St Georges Tce, Perth WA 6000	T + 61 8 9486 4036
ABN 22 126 299 125	PO Box 5638 St Georges Tce, Perth WA 6831	F + 61 8 9486 4799

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Figure 1: Li/REE Project location map in Western Australia

Yinnetharra - Li/REE Project

The Yinnetharra Li/REE project consists of six tenement applications (Figures 2 and 3), within the Gascoyne lithium region, located about 100km northeast of Gascoyne Junction and 85km south of Hastings Rare Earths (ASX:HAS) world- class Yangibana rare earths project. Two of the tenement applications are 100% owned by a subsidiary company, Electrification Metals Pty Ltd, with the other 4 projects at Yinnetharra (Wabli Creek, Injinu Hills, Weedarra and Sandy Creek) to be 100% owned subject to shareholder approval of the Magnet acquisition (refer announcement dated 23 November 2021).

Figures 4 to 10 represent a selection of photos from the 15 sites that were visited, out of 20 initial sites selected. Assays have been submitted to ALS and further information will be provided once we have analysis of the samples in hand.

ASX:WCN		wcminerals.com.au
White Cliff Minerals Limited	Level 8, 99 St Georges Tce, Perth WA 6000	T + 61 8 9486 4036
ABN 22 126 299 125	PO Box 5638 St Georges Tce, Perth WA 6831	F + 61 8 9486 4799

For personal use only

Figure 2: Yinnetharra (WCN 100%) Li/REE project, tenement location, including Magnet Resource' (Wabli

Creek, Injinu Hills, Weedarra and Sandy Creek)

Figure 3: Yinnetharra (WCN 100%) Li/REE project, tenement location, including Magnet Resource' (Wabli Creek, Injinu Hills, Weedarra and Sandy Creek) with aeromagnetic data showing complexity of geology.

ASX:WCN		wcminerals.com.au
White Cliff Minerals Limited	Level 8, 99 St Georges Tce, Perth WA 6000	T + 61 8 9486 4036
ABN 22 126 299 125	PO Box 5638 St Georges Tce, Perth WA 6831	F + 61 8 9486 4799

For personal use only

Figure 4: Yinnetharra Pegmatite E09/2628. Typical low relief outcrop shown by pegmatites visited.

Figure 5: Yinnetharra Pegmatite E09/2628. Ferruginous material within coarse quartz-feldspar pegmatite.

ASX:WCN		wcminerals.com.au
White Cliff Minerals Limited	Level 8, 99 St Georges Tce, Perth WA 6000	T + 61 8 9486 4036
ABN 22 126 299 125	PO Box 5638 St Georges Tce, Perth WA 6831	F + 61 8 9486 4799

For personal use only

Figure 6: Yinnetharra Pegmatite E09/2630.

Figure 7: Yinnetharra Pegmatite E09/2630. Pegmatitic rubble adjacent to large gneissic granite outcrop.

ASX:WCN		wcminerals.com.au
White Cliff Minerals Limited	Level 8, 99 St Georges Tce, Perth WA 6000	T + 61 8 9486 4036
ABN 22 126 299 125	PO Box 5638 St Georges Tce, Perth WA 6831	F + 61 8 9486 4799