WHITE ROCK MINERALS LIMITED (ASX.WRM)

Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

delisted by ASX under Listing Rule 17.12

we understand ASX removed the company from listing because it failed to lodge documents with ASX for a continuous period of one year after they were due

The Company has been advised by the ASX that it will be delisted after 15 March 2024 for failure to lodge its 31 December 2022 Half Year Report. White Rock held the Mt Carrington Project until it surrendered its licences in May 2023. The Liquidators of White Rock (MTC) Pty Ltd have disclaimed the mining leases and all the assets thereon and while several notices have been received from MEG, the Company have received no further update on the status of the application to surrender the tenements. The Liquidators have disclaimed the mining leases that form part of the Woods Point Gold Project and the Company has had its access to the Morningstar Gold Mine site withdrawn by the Earth Resources Regulator. When the Liquidation processes are complete, the Company will provide an update regarding the outcome and the Company will assess its options, including relisting at that time.

MTC is a wholly owned subsidiary of White Rock Minerals Limited. Liam Bellamy and Trajan John Kukulovski of RRI Advisory, Melbourne, were appointed Joint Administrators on 28 September 2023. The Company determined not to formulate a proposal for the MTC to execute a Deed of Company Arrangement. In the absence of a DOCA proposal, the Administrators recommended to creditors that MTC be placed into Liquidation. At a meeting of creditors on 3 November 2023 the motion to wind up MTC was passed. MSG is a 95% owned subsidiary of AuStar Gold Limited, which in turn is a 100% owned subsidiary of White Rock Minerals Limited, with the remaining 5% of MSG held by a number of other shareholders. Liam Bellamy and Trajan John Kukulovski of RRI Advisory, Melbourne, were appointed Joint Administrators of MSG on 10 October 2023. The Company determined not to formulate a proposal for MSG to execute a Deed of Company Arrangement. In the absence of a DOCA proposal, the Administrators recommended to creditors that MSG be placed into Liquidation. At a meeting of creditors on 14 November 2023 the motion to wind up MSG was passed. WRM has exercised its rights as senior secured creditor over the assets of MSG.

The company has appointed Liam Bellamy and Trajan John Kukulovski of RRI Advisory, Melbourne, as Joint Administrators of Morning Star Gold NL, effective 10 October 2023. Morning Star Gold NL is a 95% owned subsidiary of AuStar Gold Limited, which is a 100% owned subsidiary of White Rock Minerals Limited. Due to a lack of funds, the Directors of White Rock Minerals Limited placed the Morning Star Gold Mine into a care and maintenance phase while they assessed the strategy for the project. After a further period where a process to sell the asset was unsuccessful, it was further decided to close the mine altogether. Since closure, most of the plant and equipment making up the assets of MSG have been sold, but overall, the returns have been disappointing.

The directors have appointed Liam Bellamy and Trajan John Kukulovski of RRI Advisory, Melbourne as Joint Administrators of their 100% owned subsidiary White Rock (MTC) Pty Ltd, effective 28 September 2023. Recently, MTC received a Commencement of Investigation letter from MEG, which has requested information as to why MTC has not lodged the additional bond amount. Also, MTC has received a letter re-iterating the rehabilitation commitments/requirements for Mt Carrington, amounting to a total of $6,881,466.

The Board have appointed Hall Chadwick Chartered Accountants as Investigating Accountant of the WRM Group. Chadwick will assist the Board by reviewing and assessing the current financial position of the Company, taking into account all the ongoing liabilities of the WRM entities and assisting with various transactions being considered by the Company. This role will include assessing the solvency and going concern of WRM and its subsidiaries. Hall Chadwick will also assist by joining WRM in liaising with the Regulators in both NSW and Victoria.

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation.

The company lodges its June 2023 Quarterly Activity and Cashflow Report.

Morning Star Gold Mine has now been officially closed. Documents lodged to surrender mining tenements at Mt Carrington. White Rock has agreed to sell the Mt Carrington exploration tenement to Legacy Minerals. Red Mountain remains on Care and Maintenance. Half year accounts pending.

Legacy Minerals announces the acquisition of the Mt Carrington exploration license for $200k from White Rock Minerals. EL6273 excludes any mining licences (ML), is unencumbered, and has no liabilities. Located in the New England Fold Belt of northern NSW, EL6273 and the pegging of a surrounding exploration application ELA6640, will cover 350 km2 and will be called the Drake Copper-Gold Project.

The company lodges its March 2023 Quarterly Activity and Cashflow Report.

The company releases a notice of application for quotation of securities.

The Company has reluctantly placed its Morning Star Gold Mine at Woods Point into Care and Maintenance. Thomson Resources Ltd have formally withdrawn from the Mt Carrington Joint Venture, and as per the terms of the Joint Venture Agreement, their involvement will cease on 17th May 2023. Given these events WRM is in the process of adjusting its half year accounts, specifically the carrying value of both the Woods Point Gold Project and the Mt Carrington Project. WRM is working diligently to make the changes and will finalise and release these accounts as soon as possible.

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Friday, 17 March 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office yesterday and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The suspension of trading in the securities of White Rock Minerals Limited will be lifted immediately following the release by WRM of an announcement regarding the equity raising.

The Company has agreed terms with Obsidian Global GP for an early redemption of the Convertible Notes and termination of the Convertible Note Agreement, which were agreed between the Parties on 7th September 2022.

The company releases an Investor Presentation.

White Rock Minerals Limited will raise approximately $4.75 million (before costs) through a: Placement of fully paid ordinary shares to raise approximately $1.3 million, and 1 for 5 pro-rata non-renounceable entitlement offer of fully paid ordinary shares to existing eligible shareholders to raise approximately $3.45 million. Offer price of $0.07 (7 cents) per share represents:- a 28% discount to the last traded price of White Rock shares (9.7cps) and a 18% discount to the 15-day VWAP for White Rock shares (8.6cps).

The securities of White Rock Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of WRM, pending the release of an announcement regarding the proposed equity raising.

The suspension of trading in the securities of White Rock Minerals Limited will be lifted from the commencement of trading on Monday, 4 October 2021 following lodgement of its 2021 Annual Report.

The company lodges the following: Annual Report to shareholders and Appendix 4G.

Due to unforeseen circumstances, the company narrowly missed lodging our 2021 Annual Report before Market commenced today. As a result, the company's securities were suspended but they will be back trading from Monday.

The securities of the entity will be suspnded from official quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2021, following its failure to lodge the relevant periodic report by the due date.

we understand that on or about this date the company consolidated its shares 1 for 100

The suspension of trading in the securities of White Rock Minerals Limited will be lifted immediately following the release by WRM of an announcement regarding the entitlement offer.

White Rock announces an equity raising of up to $5.4 million through a 2 for 3 prorata non-renounceable entitlement offer of fully paid ordinary shares together with 1 option for every 3 New Shares to existing eligible shareholders to raise up to $5.4 million before costs. Offer price of $0.005 per share represents a 28% discount to the last traded price of White Rock shares and a 30% discount to the 15 day and a 34% discount to the one-month volume weighted average price of White Rock shares.

The securities of White Rock Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of WRM, pending the release of an announcement regarding the proposed equity raising.

listed entity carried for record purposes only