Strategic Relationship with Sandfire - ASX Waiver Granted
Strategic Relationship with Sandfire - ASX Waiver Granted
Ballarat, Aug 7, 2018 AEST (ABN Newswire) - White Rock Minerals Ltd (ASX:WRM) (White Rock) announced on 10 July 2018 a cornerstone investment and strategic relationship with Sandfire Resources NL (ASX:SFR) (Sandfire). The strategic relationship includes (among other things) an anti-dilution right enabling Sandfire to maintain its shareholding interest in White Rock, subject to ASX granting a waiver from ASX Listing Rule 6.18.

White Rock is pleased to announce that ASX has granted a waiver from ASX Listing Rule 6.18 to enable White Rock to grant the anti-dilution right. The terms of the waiver are set out in the Attachment to this announcement.

ASX has also provided confirmation that it will not require White Rock to obtain shareholder approval under ASX Listing Rule 10.1 should Sandfire choose to exercise the exclusive option to enter into an earn-in joint venture agreement in relation to White Rock's VMS Red Mountain Project (refer to White Rock's ASX announcement dated 10 July 2018 for details) on condition that the terms and conditions of the proposed earn-in joint venture are not materially varied before such exercise.

For more information about White Rock and its Projects, please visit our website http://www.whiterockminerals.com.au


About White Rock Minerals Ltd

 White Rock Minerals Ltd (ASX:WRM) is an Australian listed minerals exploration and development company with projects located in northern NSW (gold and silver) and central Alaska (zinc, silver, lead and gold). The White Rock vision is to explore and develop both precious and base metal projects.

White Rock's cornerstone asset is the Mt Carrington epithermal gold-silver project in northern NSW. The Mt Carrington project has great leverage to the Australian gold and silver prices with a positive scoping study providing a path towards feasibility studies and development in the near term.

White Rock is also exploring the Red Mountain project in Alaska. Red Mountain is a globally significant advanced VMS project with high grade zinc and silver in two deposits. White Rock is exploring for additional high grade deposits that will enhance the projects leverage to an upturn in the fortunes of zinc and silver.

 


Contact

Matthew Gill (Managing Director & CEO)
Phone: +61-3-5331-4644

Shane Turner (Company Secretary)
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
Website: www.whiterockminerals.com.au



Related Companies

White Rock Minerals Ltd       
Sandfire Resources NL        

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