WC1

WC1 has progressed dual-asset exploration with Salazar showing attractive scandium (heap leach potential) and elevated yttrium (16% of TREO) metallurgical workflows, while Cobar West expanded to district scale with drill-ready copper targets at Blind Freddie and Lilyvale. Multiple near-term catalysts (aircore drilling, metallurgical testwork, US critical mineral funding pathways) are positioned to test both assets.

WC1 is advancing dual exploration programmes at Cobar West (copper-antimony-silver) and Salazar (multi-critical minerals with scandium focus), with near-term aircore drilling at Blind Freddie and planned high-grade scandium drilling pending approvals. The company is attempting to differentiate via low-cost atmospheric leach processing for scandium, relevant given tightening Chinese export controls.

WC1 has walked away from the Baxter fluorspar acquisition due to military zone expansion risk to Nevada land title, freeing capital and management focus to advance its domestic Salazar (critical minerals/REEs) and Cobar West (copper) projects. The micro-cap remains cash-constrained with minimal recent momentum, leaving execution risk high on portfolio projects.

WC1 has identified higher-grade scandium drill targets within a 15Mt resource at Salazar, supported by encouraging low-cost atmospheric acid leach (81% recovery) and early bioleach testwork, positioning the project as a potential lower-capex scandium development opportunity alongside rare earths and other critical minerals. The announcement reflects a strategic pivot toward scandium valorization amid tightening Chinese export controls and rising Western demand for defence/aerospace applications.

WC1's satellite spectral analysis at Baxter has expanded the fluorspar exploration footprint beyond historical workings, identifying multiple untested targets along a 3 km corridor in a prospective hydrothermal system. The company is leveraging remote sensing and field validation to unlock concealed fluorite-bearing structures in a tier-1 US jurisdiction, with due diligence ongoing.