EventHancock Prospecting, Gina Rinehart’s mining firm, spent A$8.77 million (≈$6.2 M) to buy a 13.5 % stake in White Cliff Minerals, accelerating drilling at its Rae copper project 75 km west of Kugluktuk, Nunavut. The purchase is part of a nine‑deal spree that is expanding Rinehart’s portfolio beyond iron ore into strategic metals such as copper, rare earths, and gallium.
Hancock Prospecting’s latest $6.2 million stake in White Cliff Minerals gives it 13.5% ownership and will accelerate drilling at the Rae copper project in Nunavut, Canada, expanding the iron‑ore billionaire’s portfolio into critical metals.
Hancock Prospecting’s A$8.7 million investment gives it a 13.5% stake in White Cliff Minerals, boosting drilling at the Rae copper project in Nunavut’s Kitikmeot region and validating high‑grade assay results.
Hancock Prospecting, owned by mining billionaire Gina Rinehart, put A$8.7 million for a 13.5 % stake in White Cliff Minerals, an early‑stage copper explorer whose Rae project sits 75 km west of Kugluktuk in Nunavut’s Kitikmeot region. The funding will support expanded drilling and move the project closer to an initial resource estimate as global copper prices hit record highs.
