White Rock Minerals Limited provided an update from its Woods Point Gold Project in Victoria, where it has returned more high-grade gold results during underground drive development. After commencing gold production at Woods Point in October 2022, the Company's ramp up to steady- state gold production remains on track, with the focus being development of the McNally's and Dickenson's Reefs. On 7 level, McNally's Reef development is advancing, with material extracted through several ore passes and then raised to the surface from 9 level.

Driving has been highly productive with development advancing towards the high-grade drill intercept 22MNL9018 (0.1m @ 312g/t Au) to allow the extraction of material surrounding the high-grade results released on 9 August 2022. The site team routinely samples each face and WRM has received further high-grade assays. Extraction of material from the face to the ore pass has slowed down progress at Dickenson's on 4 level.

However, the addition of a new winch within a fortnight will rectify this issue. Currently, the mine is still 80m away from the high-grade drill intercept in hole MS364 of 2.6m @ 16.9g/t Au, which includes 0.3m @ 132g/t Au. It is anticipated that this point will be reached in approximately 6 weeks.

The high-grade gold intercepts at Dickenson's are fewer in number and indicate that the company has recently passed through high-grade, but also indicates that the high-grade halo identified by the drilling has not been reached yet. The team at the mine have also been extracting material from the Stones/Maxwell's Reef in 8 level sub, which was last mined in 2021. A large sampling program has taken place, but assays have not been received as yet.

Feed for the plant will be largely from McNally's and Maxwell's/Stone's for the next 6-8 weeks with feed from Dickenson's stopes to follow shortly thereafter.