Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme

White Rock Minerals Limited (White Rock)

ACN/ARSN

142 809 970

1. Details of substantial holder (1)

Name

Sandfire Resources NL (Sandfire) and the entities listed in Annexure 'A' (Sandfire Group)

ACN/ARSN (if applicable)

105 154 185

The holder became a substantial holder on 11/7/2018

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)

Number of securities

Person's votes (5)

Voting power (6)

Ordinary shares

208,333,334

208,333,334

14.22%

3. Details of relevant interests

Class of securities (4)

Number of securities

Person's votes (5)

Voting power (6)

Ordinary shares

208,333,334

208,333,334

14.22%

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest

Nature of relevant interest (7)

Class and number of securities

Sandfire

208,333,334 ordinary shares

Sandfire Group (see Annexure 'A')

208,333,334 ordinary shares

4. Details of present registered holders

Holder of relevant interest

Nature of relevant interest (7)

Class and number of securities

Sandfire

Relevant interest under section 608(1) of the Act pursuant to the Subscription Agreement with White Rock announced on 10 July 2018 .

208,333,334 ordinary shares

Sandfire Group (see Annexure 'A')

Each entity is an associate of Sandfire and accordingly has a relevant interest under section 608(3) of the Act. (As none of these entities are entitled to be registered as holder of the shares, each entity's ability to vote and dispose of the shares is qualified accordingly.)

208,333,334 ordinary shares

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest

Registered holder of securities

Person entitled to be registered as holder (8)

Class and number of securities

Sandfire

Sandfire

Sandfire

208,333,334 ordinary shares

208,333,334 ordinary

Sandfire

Sandfire

Sandfire

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest

Date of acquisition

Consideration (9)

Class and number of securities

Cash

Non-cash

Sandfire

9/7/2018

$2,500,000

208,333,334 ordinary shares

Cash

Sandfire

9/7/2018

$2,500,000

Non-cash 208,333,334 ordinary

603

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15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

Sandfire Group (see Annexure 'A')

Each entity listed in Annexure 'A' is an associate of Sandfire pursuant to section 12(2)(a) of the Act because each of the entities is a body corporate that Sandfire controls.

Nature of association

Sandfire Group (see Annexure 'A')

7. Addresses

The addresses of persons named in this form are as follows:

Name

Address

Sandfire

Level 2, 10 Kings Park Road, West Perth WA 6005

Sandfire Group

See Annexure 'A'

Name Address

Sandfire Sandfire GroupLevel 2, 10 Kings Park Road, West Perth WA 6005 See Annexure 'A'

Signature

print name Matthew Fitzgerald

capacityCompany Secretary

sign here

date

13/7/2018

DIRECTIONS

  • (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

  • (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

  • (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

  • (4) The voting shares of a company constitute one class unless divided into separate classes.

  • (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

  • (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

  • (7) Include details of:

    • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or

    • (b) any qualificattion dof the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

    See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

  • (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown.'"

  • (9) Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

SANDFIRE RESOURCES NL ACN 105 154 185

ANNEXURE 'A'

This is Annexure 'A' of 1 page referred to in Form 603 (Notice of initial substantial holder), signed by me and dated 13 July 2018.

Matthew Fitzgerald Company Secretary

Sandfire Group

Name

Address

ACN

Sandfire Resources America Inc

10th Floor, 595 Howe Street, Vancouver, BC, Canada

N/A

V6C2T5

Sandfire BC Holdings (Australia) Pty

Level 2, 10 Kings Park Road, West Perth WA 6005

601 379 846

Ltd

Sandfire BC Holdings Inc

666 Burrard Street, Suite 1700 Park Place, Vancouver BC

N/A

V6C 2X8 Canada

SFR Copper & Gold Peru S.A.

Calle Los Angeles No. 325, Miraflores - Lima 18 - Peru

N/A

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Sandfire Resources NL published this content on 13 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 July 2018 03:14:06 UTC