White Rock’s primary activities are focused in the New England Fold Belt of northern New South Wales and in the Bonnifield district in central Alaska.
The Company’s objectives are to create and enhance Shareholder value. This is to be done via a two-pronged approach. Firstly, by developing a mining operation at Mt Carrington based on the exploitation of the near-surface gold-silver Mineral Resource base, refurbishing the existing site infrastructure and the establishment of a new processing plant.
The Company is also seeking to create and enhance Shareholder value through the successful exploration and development of its high-grade zinc and precious metals Red Mountain project in central Alaska. At this project, White Rock has entered into a joint venture agreement with Sandfire Resources NL (ASX:SFR), which will see Sandfire spend up to A$20 million on the project from 2019-2022, with a minimum of A$6 million in 2019, to unlock the project’s exploration potential.