Ann: June 2021 Quarterly Activities Report, page-13

Lets not forget the $4m Placement at 30c was heavily oversubscribed with bids of ~A$6.7m received , clearly support from investors for AUL and longer term prospects.

Use of Funds:
Funds raised from the Placement will be used for:
 Transaction costs associated with the White Rock Minerals (WRM) Scheme of Arrangement;
 In-mine exploration drilling to ensure a robust minable inventory;
 Regional exploration;
 Surface Infrastructure;
 The costs of the Placement; and for
 Working capital and general corporate purposes.

Key benefits to White Rock shareholders
• White Rock shareholders will gain exposure to the significant exploration potential and interest
that currents exists in the Victorian goldfields area.
• The significant exploration potential of the Victorian land package offers a counter-cyclical and
news flow opportunity to its highly prospective but northern hemisphere Alaskan project at Red
Mountain.
• White Rock will join the league of Australian gold producers, the goal for many a small Junior
exploration company.
• The merged group will have a larger and more diverse asset portfolio, covering two first world
jurisdictions (the USA and Australia), and gold, silver and zinc, all with JORC Resources.
• The merged group is expected to have enhanced access to new investment and other
opportunities through its increased size, stronger financial capability and diversified share holder
base.