Northcliff Announces Progress Report ON Program to Advance Development of the Sisson Critical Minerals Project
NORTHCLIFF ANNOUNCES PROGRESS
REPORT ON PROGRAM TO ADVANCE
DEVELOPMENT OF THE SISSON CRITICAL
MINERALS PROJECT
VANCOUVER, BC
,
June 26, 2025
/CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company")
(TSX: NCF) is pleased to announce that it has engaged Ausenco Engineering Canada ULC
("Ausenco") to lead the update of the feasibility study ("FS Update") for its Sisson Tungsten-
Molybdenum Project (the "Sisson Project"), a critical minerals project located in
New Brunswick,
Canada
.
A key part of Northcliff's comprehensive program (see Northcliff's
May 1, 2025
news release), the
FS update is designed to provide the necessary economic and technical information to support a
construction decision on the Sisson Project. Work on the FS Update is fully underway and other
aspects of the planned pre-construction work program have been initiated. These include multiple
engineering workstreams and studies required to meet the technical conditions associated with
Northcliff's in-hand environmental approvals, as well as detailed project development planning,
project finance and offtake engagement.
Located near tidewater on the southeastern coast of
Canada
in
New Brunswick
, the Sisson Project
hosts a deposit with the Critical Mineral tungsten and the strategic mineral molybdenum. If
developed, the Sisson Project has the prospects of becoming an accessible and reliable supplier of
tungsten and molybdenum, strengthening and diversifying the supply chain for these metals used in
important industrial, electronic, aerospace and defense applications, and new technologies.
Northcliff advanced resource, engineering, environmental and economic studies that culminated in a
positive feasibility study in 2013, then progressed the project through provincial and federal
environmental assessment and other processes to gain key approvals, expending some
C$70
million
. In the 2013 feasibility study, development of the Sisson Project was proposed as an open pit
mine with conventional processing facilities, supplemented by value-added downstream and on-site
processing of tungsten concentrates in an ammonium paratungstate ("APT") plant.
Andrew Ing
, Northcliff's Chairman, President and CEO commented, "We are excited to be moving
forward with our comprehensive program for Sisson, advancing our goal to become a reliable and
easily accessible producer of tungsten and molybdenum. I would like to acknowledge Ausenco as
the leader of the feasibility study update and to recognize the readiness of its team as the work on it
is well underway."
The disclosure of scientific and technical information contained in this news release has been
reviewed and approved by
Tanya Yang
, P.Eng., a Qualified Person who is not independent of the
Company.
About Ausenco
Ausenco is a global company redefining what's possible. The team is based out of 21 offices
working across five continents to deliver services worldwide. Combining deep technical expertise
with a 30-year track record, Ausenco delivers innovative, value-add consulting, studies, project
delivery, asset operations and maintenance solutions to the minerals and metals and industrial
sectors (
www.ausenco.com
).
About Northcliff Resources Ltd.
Northcliff is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum
Project located in
New Brunswick, Canada
, to production.
Additional information on Northcliff is available on the website at
www.northcliffresources.com
.
Investor services can be reached at (604) 684-6365 or within
North America
at 1-800-667-2114.
On behalf of the Board of Directors
Andrew Ing
Chairman, President & CEO
This news release includes certain statements that may be deemed "forward-looking statements" or
"forward-looking information" within the meaning of Canadian and
United States
securities law. All
statements, other than statements of historical facts, that address the advancement of the Sisson
Project towards a project finance decision, including the successful development and construction of
the planned Sisson tungsten-molybdenum mine, concentrator and APT plant to become a reliable
source of tungsten and molybdenum, and the projected average annual production of tungsten and
molybdenum are forward looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. The assumptions used by Northcliff to
develop forward-looking statements include the following: the Company's ability to complete
construction of Sisson Project mine and facilities, the Company's ability to arrange the necessary
financing beyond to continue operations and develop the Sisson Project, the receipt of all necessary
regulatory approvals for the construction and operation of the Sisson Project; the relevant laws and
regulations in
Canada
and the US; studies and development of the Sisson Project will continue to be
positive; our expectations of continued availability of capital and debt financing, and no geological or
technical problems will occur. Forward-looking information is subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from
those projected in the forward-looking information. These factors include the risks that may interfere
with the Company's ability to continue development of the Sisson Project, the Company may not be
able to finance and develop the Sisson Project on favourable terms or at all, relevant regulatory
changes, uncertainties with respect to the receipt or timing of required permits, approvals and
agreements for the development of the Sisson Project, the Company may not be able to secure
offtake agreements for the metals to be produced at the Sisson Project, the inherent risks involved
in the exploration and development of mineral properties and in the mining industry in general, the
financial markets and in the demand and market price for tungsten, molybdenum and other minerals
and commodities, and fluctuations in exchange rates, particularly with respect to the value of the US
Dollar and Canadian Dollar; the exploration and development of properties located within First
Nations treaty and Aboriginal groups asserted territories may affect or be perceived to affect treaty
and asserted aboriginal rights and title, which may cause permitting delays or opposition by
Aboriginal groups or communities, environmental issues and liabilities associated with mining
including processing and stockpiling; changes in government policies regarding mining and natural
resource exploration and exploitation, continued availability of capital and financing, and general
economic, market or business conditions, as well as risks relating to the uncertainties with respect to
conflicts in
Ukraine
and the
Middle East
. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company reviews its forward-looking
statements on an ongoing basis and updates this information when circumstances require it. For
more information on the Company, investors should review the Company's annual information form
that is available on its profile at
www.sedarplus.ca
.
SOURCE
Northcliff Resources Ltd.
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%SEDAR: 00030606E
CO: Northcliff Resources Ltd.
CNW 07:45e 26-JUN-25