Effective 20th November 2019 SBI has purchased five million shares of voting stock in Australian exploration company White Rock Minerals (WRM), headquartered at Ballarat Victoria and traded on the ASX (WRM).
By exercising options on 10 million shares, our shareholding initially rose to 15 million shares in 2020. Due to a stock consolidation at a ratio of 100 old shares for one new share, our shareholding has been reduced to 150,000 shares. (As of March 31, 2021)
CEO Hans-Werner Kummerow considers WRM a “…near production mining company with interesting mineral resources”. WRM’s Mount Carrington gold and silver Project in northern New South Wales is adjacent to SBI’s EL8822 exploration license. WRM and SBI are both operating within the same geological setting, the “Drake Volcanics”.