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White Rock Minerals makes strong additions to board with two new directors

Published: 02:50 31 Aug 2021 BST

White Rock Minerals Ltd - White Rock Minerals makes strong additions to board with two new directors

White Rock Minerals Ltd (ASX:WRM, OTCQX:WRMCF) has enhanced its board with the addition of key skills and new networks through the appointment of Paul McNally and Christopher Wellesley as non-executive directors.

Both were directors of AuStar Gold Ltd, which has completed a merger deal with the company.

Following the merger, White Rock moves into the league of gold producers and secures a large 670 square kilometre, under-explored land package with historic high-grade gold production in the highly prospective Victorian goldfields.

New skills and networks

White Rock managing director and CEO Matt Gill said: “We warmly welcome the addition of Paul and Chris and the skills and networks that they bring to the board of White Rock.

“This comes at an exciting stage of development as we look to deliver the deep latent value in the Woods Point Gold Project, whilst continuing to advance our large Red Mountain silver-rich zinc VMS and IRGS gold project in Alaska, and our advanced gold and silver project at Mt Carrington in NSW.”

McNally’s experience

McNally has more than 30 years of experience in business strategy and management encompassing every facet of establishing private companies, business development, fiscal control, people leadership and corporate growth through to mergers and joint ventures with private and publicly listed entities.

He has served on the board of several industry associations and has been a business advisor and mentor to numerous small to medium-sized businesses for more than 10 years.

Wellesley’s expertise

Wellesley has more than three decades of experience in the banking and capital market with board and not for profit expertise and has worked in senior roles within tier-one institutions in London and Hong Kong in the resources, energy and funds management sectors.

Moreover, he has an extensive network of senior, key relationships across the UK capital markets as well as demonstrated capital raising, corporate and financial markets expertise and a deep commitment to, and involvement in, a range of private philanthropic activities.

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