Stock Exchange Listing: ASX:WRM
Commodity: Gold | Silver | Zinc
Market Cap: A$10m
Stage of Production: Developer
White Rock is an Australian company with activities focussed in New South Wales. It’s cornerstone Mt Carrington project has a JORC Indicated and Inferred Mineral Resource estimate containing gold and silver, situated in seven surface deposits, and located on granted Mining Leases with developed infrastructure.
White Rock is also in the process of acquiring the Red Mountain polymetallic volcanogenic massive sulphide (VMS) project in central Alaska. The acquisition is expected to provide White Rock with a quality advanced exploration project centred on an established VMS district where there is significant potential to discover a new large zinc-silver-lead-gold-copper deposit in addition to the known deposits.
Plans & Latest Developments:
The Mt Carrington gold-silver project is projected to generate >$100M in free cash flow over its first 7 years.
WRM raised $4.9M and are now completing the Project’s Scoping Study to DFS level, and the necessary permitting.
WRM has already secured a US$19M construction and commissioning financing package to use once the DFS and permitting is completed.
WRM also has an advanced zinc-silver VMS project in Alaska.
Board of Directors / Management / Major Shareholders:
- Brian Phillips – Chairman
- Matt Gill – MD & CEO
- Peter Lester – NED
Why should investors invest in you?
WRM is seeking to meet investors interested to know more about being a part of the exciting White Rock story. With funding to advance the DFS and EIS, supported by a financing package to build the mine, White Rock is on a pathway to producing gold and silver but is undervalued given its assets, state of development and its potential for further positive news flow including exploration success in zinc and silver in Alaska.