White Rock Minerals
(ASX:WRM) is pleased to announce that Sandfire Resources NL
(ASX:SFR) has exercised its option under the subscription agreement enter into a Joint Venture Agreement with White Rock regarding their high-grade zinc and precious metals.
White Rock commenced a strategic relationship with Sandfire in July 2018 in relation to White Rock's Red Mountain Project in Alaska.
In addition to the $2.5 million equity contribution under the Subscription Agreement, Sandfire has also previously provided an unsecured $1 million convertible loan to White Rock.
Sandfire Resources NL
(ASX:SFR) are trading 2.37 per cent higher at $6.47.
