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IN BRIEF: Red Rock Resources announces process on planned assets sale

22nd Sep 2025 19:01

Red Rock Resources PLC - London-based, Africa and Australia-focused miner - Says it received the cash component of the consideration for a sale. The first payment to Power Metal Resources PLC has been duly made, it adds. Chair Andrew Bell says: "The potential sale of certain gold assets in Ivory Coast, in respect of which the company received exclusivity payments, is finalising documentation and assuming the parties remain ad idem as to indicative terms would be ready for execution shortly. Given the rise in the gold price, the company would in any case be unlikely to extend exclusivity beyond mid-October."

Current stock price: 0.040 pence each, closed 13% higher on Monday in London

12-month change: down 21%

By Tom Budszus, Alliance News slot editor

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


Related Shares:

Red Rock ResourcesPower Metal
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