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Red Rock Resources (RRR) Share News

IN BRIEF: Red Rock Resources shares rise as arbitration award pending

16th Jan 2025 07:01

Red Rock Resources PLC - London-based mining company focused on Africa and Australia - Says it has been engaged in talks to advance a framework deal with Koto DRC SARL, Red Rock's Kinshasa, Democratic Republic of Congo-based partner company. This comes ahead of a pending result of Red Rock's arbitration case against the Congolese government. Red Rock has an invitation from the DRC head of state's cabinet office to meet on January 22. The company expects that the case will conclude and arbitration payments agreed at the meeting. Read More

IN BRIEF: Red Rock Resources progresses in Australia and Burkina Faso

18th Nov 2024 14:08

Red Rock Resources PLC - Resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - finalising post-completion sum of GBP250,000 and "some other amounts" related to purchase of near 50% stake previously not held in Australia gold project. Will make further related announcement soon. Read More

Red Rock shares jump as announces "important" Congo talks

1st Nov 2024 11:21

(Alliance News) - Red Rock Resources PLC on Friday said several important meetings have taken place regarding its activities in the Democratic Republic of Congo. Read More

IN BRIEF: Red Rock Resources raises GBP200,000 via share placing

23rd Oct 2024 11:51

Red Rock Resources PLC - Resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Raises GBP200,000 through placing of 597.0 million shares at 0.0335 pence each. Red Rock says the proceeds will go towards the commencement of gold operations in West Africa, as well as year-end accounting costs and other operational costs. Read More

UK shareholder meetings calendar - next 7 days

3rd Oct 2024 15:46

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Power Metal disposes interest in joint venture with Red Rock

19th Jun 2024 14:48

(Alliance News) - Power Metal Resources PLC on Wednesday said that it has disposed its remaining interest in New Ballarat Gold Corporation PLC, the Australia-based exploration company that owns Red Rock Australasia Pty Ltd. Read More

IN BRIEF: Red Rock Resources closes in on Power Metal deal

12th Jun 2024 18:33

Red Rock Resources PLC - resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Says all conditions relating to purchase of remaining 49.9% stake of Red Rock Australasia Pty Ltd from Power Metal Resources PLC have been fulfilled. Expects deal to complete by June 16. Red Rock will deliver to Power Metal Resources GBP250,000 in convertible loan notes, with a conversion price equal to the price of any placement of new shares of Red Rock raising proceeds of over GBP200,000. Should conversion not be undertaken within six months from March 8, the CLNs of GBP250,000 are repayable immediately as cash and Red Rock will deliver 166.7 million shares to Power Metal, with accompanying warrants exercisable at 0.25p per share in Red Rock. Read More

IN BRIEF: Red Rock's astonishing Australian find; Burkina Faso headway

10th Jun 2024 16:19

Red Rock Resources PLC - resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Agrees short extension of the long stop date relating to taking 100% ownership of Red Rock Australasia Pty Ltd from Power Metal Resources PLC to Tuesday. This reflects Monday's public holiday in Australia. Explains an announcement relating to the transaction will therefore not be issued before Wednesday. Power Metal Resources acknowledges the statement. Further, Red Rock discloses "exceptional" gold drill results from Australia. In addition, says preparation of operating sites continues at Bilbale and Boulon in Burkina Faso. Due to increase in air freight charges, decides to to transport containers by sea. Target times for arrival are early July. Chief Executive Andrew Bell comments: "Progress towards continuous operations in Burkina Faso continues satisfactorily. The scale of the logistics operation is considerable, and involves overcoming regulatory challenges at the points of both export and import." Bell describes results in Australia as "astonishing." Read More

IN BRIEF: Red Rock's consultant highlights potential of Bilbale field

29th Apr 2024 19:45

Red Rock Resources PLC - resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Provides update on the Burkina Faso gold project at Bilbale. Following a site visit by the company's consultant a work programme has been suggested. Thinks Red Rock should embark on a detailed geo-structural mapping program of select areas and a quick-start program production testing alluvial and placer deposits employing specialist washing and concentration plants. Consultant thinks Bilbale holds significant potential that requires an aggressive program of value enhancement. "It is further my opinion that this permit can, if subjected to an appropriate exploration program, realize a significant Resource and Reserve in excess of 1 Moz over the next two years," consultant says. The chief executive and other senior personnel will be on site to oversee camp preparations from late next week, with a view to starting operations at scale from early June after arrival of personnel and equipment, Red Rock says. Read More

Red Rock Resources raises GBP260,000 to fund Burkina Faso activities

11th Apr 2024 09:14

(Alliance News) - Red Rock Resources PLC on Thursday said that it has raised GBP260,000 from a placing of 509.8 million shares at 0.051 pence each. Read More

EARNINGS: AdvancedAdvT hails "good progress" after Capita deal

2nd Apr 2024 12:17

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

TRADING UPDATES: Audioboom extends partnerships; Ecora eyes growth

6th Mar 2024 18:07

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

TRADING UPDATES: Windward extends LSEG pact; Vinanz eyes DTC trading

27th Feb 2024 17:42

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: Red Rock awaits arbitration ruling; mulls ASX listing

14th Feb 2024 19:54

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Releases update in relation to the arbitration in the Democratic Republic of Congo with respect to the USD10 million claim the company is pursuing relating to the VUP copper-cobalt joint venture. Notes last Monday, a subsidiary received judgement for USD2.5 million while the results of an arbitration hearing in order to obtain USD7.5 million was pending. Red Rock says a draft of the arbitration award has been received and an update will be provided as soon as possible - perhaps by Friday. In Australia, work continues on two key local gold projects - Berringa Mine and Ajax Mine. Continues to discuss with its partner the best structure for going forward. Says sourcing capital to drill these tenements will be a priority in 2024 to bring one of these gold targets into JORC-compliant resource status. Listing Red Rock on the ASX is also being considered now to realise value for shareholders and provide the funds necessary to further advance the projects. Read More

UK shareholder meetings calendar - next 7 days

9th Feb 2024 16:09

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IN BRIEF: Red Rock brings in Vinanz chair to help enhance key assets

2nd Feb 2024 11:52

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Hires David Lenigas as a strategic consultant as it "begins a new phase of growth". Lenigas is the executive chair of North America-focused oil and gas producer Pennpetro Energy PLC, and of British Virgin Islands-registered bitcoin miner Vinanz Ltd. Read More

IN BRIEF: Red Rock notes draft arbitration for DRC subdsidiary

24th Jan 2024 13:42

Red Rock Resources PLC- Africa, South America and Australia-focused natural resource exploration and development - Notes the receipt of a draft arbitration award in regard to its subsidiary in the Democratic Republic of Congo. Says Arbitration hearings and negotiations have been held in Kinshasa in order to obtain 50% of the USD15 million still to be paid. Says draft awaits signature and will provide an update "as soon as possible." Adds that geochemical testing of the Bilbale licence in Burkina Faso, and mapping of key zones has begun, with a view to semi-mechanised mining of alluvial areas and follow-up drilling of hard rock targets. Notes promising rock chip results from mapped areas at Bilbale, including 14.7 grams per tonne and 11.2 g/t of gold. A development team is arriving at the site in Bilbale. Read More

IN BRIEF: Red Rock Resources awaits Elephant Oil listing in new year

20th Dec 2023 14:35

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource exploration and development - Pretax loss widens to GBP3.0 million in the financial year that ended June 30 from GBP2.8 million the year before. Red Rock generates no revenue. Administrative expenses increase to GBP1.4 million from GBP1.2 million. Finance costs more than double to GBP613,000 from GBP285,000. Read More

Red Rock Resources raises GBP500,000 via placing to fund projects

14th Dec 2023 11:06

(Alliance News) - Red Rock Resources PLC on Thursday said it raised GBP500,000 from a placing of new shares, which will be used towards developing projects. Read More

TRADING UPDATES: First Class says Zigzag enthusiasm "vindicated"

28th Nov 2023 17:18

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

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