• HCD to acquire Great Bear Project in Northwest Territories, Canada
• Project has potential for Iron Ore-Copper-Gold-Uranium (IOCG-U) and epithermal mineralisation
• Historical production from nearby mines included 6,200t of Uranium Oxide, 34.2Moz of Silver, and 5,160t of Copper

Hydrocarbon Dynamics Ltd (HCD) has entered into a binding agreement to acquire the Great Bear Copper-Gold-Silver-Uranium Project, located in the Northwest Territories, Canada. The Great Bear Project covers an area over 2,800km2 and has been identified by the Northwest Territories Geoscience office as having the highest potential for Iron Ore-Copper-Gold-Uranium (IOCG-U) style mineralisation in Canada. Historical production (pre-1982) from mines located near the Project included 6,200t of Uranium Oxide, 34.2Moz of refined Silver, 5,160t of Copper with Gold credits, and 104t of Lead, 127t of Nickel, and 227t of Cobalt. Exploration undertaken from the 1980s onward by numerous companies prior to White Cliff Minerals Ltd (WCN) included geological mapping, soil, rock chip and trench sampling, airborne and ground geophysics, and some drilling, which identified more than 20 prospective surface expressions of epithermal, skarn and IOCG-U mineralisation across the Great Bear Project. WCN's 2024 field program successfully verified historical mineral occurrences and prospects, with new samples returning high to very high grades for a range of metals, including 7.54% Ag, 42.60% Cu, 3.54g/t Au, and 38.2g/t Au. The transaction is subject to satisfaction of certain conditions precedent, including HCD obtaining shareholder approval, completion of due diligence, and ASX conditional approval for HCD to be re-admitted to the official list. HCD intends to raise a minimum of $5.5 million under a public offering and undertake a 1:10 consolidation of its issued capital as part of the transaction.

HCD considers the Great Bear Project to be primarily prospective for IOCG-U and epithermal style mineralisation, with a commodity focus on Uranium, Copper, Gold and Silver. Future exploration is planned to include a tenement-wide remote sensing study, ground truthing, geological mapping, rock chip sampling, and drilling to test priority targets.