White Energy Unveils New Copper Targets and Advances Coal Briquetting Tech

Exploration Breakthroughs in Australia

White Energy Company Limited has made significant strides in its Australian mineral exploration portfolio during the June 2025 quarter. The company’s flagship Tindal project in the Northern Territory continues to deliver compelling geochemical signals. Extensive ionic soil sampling programs conducted over 2023 and 2024 have identified distinct anomalies in copper, zinc, nickel, gold, and rare earth elements, all coinciding with geophysical targets mapped through advanced seismic tomography in collaboration with Quebec’s INRS research institute.

These findings have refined the understanding of the region’s lithospheric architecture, highlighting five high-priority zones for follow-up exploration. White Energy plans further geochemical and geophysical surveys ahead of a targeted drilling campaign in the 2026 dry season, aiming to convert these anomalies into defined mineral resources.

Advancing Specimen Hill and Robin Rise Projects

In Queensland, the Specimen Hill project has reached a key milestone with White Energy fulfilling the first farm-in expenditure requirement to secure a 51% interest. Fieldwork has uncovered a large, complex mineral system exhibiting copper mineralisation consistent with porphyry, IOCG, manto, and skarn styles. Recent rock chip assays have returned encouraging copper grades up to 1.32% and gold values peaking at 13.7 g/t, underscoring the project’s potential.

Preparations for a drill-core program are underway, focusing on areas with historical anomalous copper and gold intersections. Concurrently, in South Australia, the Robin Rise project completed a six-hole drilling campaign testing structural and geochemical targets. While assay results were modest, geological observations of magnetite-altered gabbro and haematite breccia suggest IOCG-style mineralisation potential, warranting further evaluation.

Commercialising Coal Technology in Africa

Beyond exploration, White Energy is actively promoting its Binderless Coal Briquetting (BCB) technology through its 51%-owned River Energy joint venture in South Africa. This innovative process upgrades low-quality, high-moisture coal fines into higher energy briquettes without binders, offering environmental and operational benefits. The quarter saw ongoing briquetting trials at a pilot plant in Johannesburg, supported by coal samples from local mines, and progress on designing a small commercial demonstration plant.

The BCB technology addresses a critical challenge in South Africa, where over one billion tonnes of coal tailings remain discarded. By enabling recovery and utilisation of these fines, White Energy’s solution could significantly improve mine yields and reduce environmental liabilities.

Financial Position and Corporate Developments

Financially, White Energy reported a cash balance of AUD 3.1 million at quarter end, with operating and investing cash outflows reflecting ongoing exploration and technology development activities. The company continues to pursue recovery of USD 1.74 million owed from the liquidation of its former US subsidiary, Mountainside Coal Company, with asset sales expected to conclude imminently. Meanwhile, the UK holding company for North American operations entered voluntary liquidation, consolidating BCB sub-licensing under the African joint venture.

Payments to related parties during the quarter were disclosed, including directors’ fees and geological consultancy fees, all conducted on commercial terms. No new tenements were acquired, with the focus remaining on advancing existing projects and technology commercialisation.