14th May 2021 16:05
Red Rock Resources PLC - gold explorer in Kenya and Australia, copper-cobalt in DRC - Investee Juno Minerals Ltd has started trading on the Australian Stock Exchange on Friday.
Red Rock holds 1.2 million shares in Juno, as well as a royalty over its Mount Ida magnetite project.
"There could not be a better time to list an iron ore company, with the iron ore price in the last week reaching record highs as the market starts to appreciate that it is not just high demand from China that is being seen but from other industrial countries as well. Sustainably high prices are needed to justify most new projects, but the Juno team's target is to bring the Mount Mason deposit, with direct shipping ore, into production within twelve months," says Chair Andrew Bell.
Current stock price: 0.93 pence
Year-to-date change: down 11%
By Dayo Laniyan; [email protected]
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