White Rock Minerals Limited (WRM) informed the market that it has voluntarily placed its Morning Star Gold Mine at Woods Point into Care and Maintenance. In further news, 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 have formally withdrawn from the Mt Carrington Joint Venture, and as per the terms of the Joint Venture Agreement, their involvement will cease on 17th May 2023. As the company had already been discussing this potential outcome with Thomson, White Rock is progressing discussions with a third party who have expressed an interest in Mt Carrington.

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.