16th Apr 2007 15:11
Red Rock Resources plc16 April 2007 RED ROCK RESOURCES PLC Trading Update Dated: 16 April 2007 Red Rock Resources plc ("Red Rock" or the "Company") the mineral exploration anddevelopment company focused on advancing iron ore, uranium and manganeseprojects in Australia and East Africa, has entered into an agreement for tollprocessing of manganese in Zambia to produce ferromanganese. The agreement is with Chiman Manufacturing Ltd ("Chiman"), a corporationregistered in Zambia to provide for the crushing, preparation, and processing ofore supplied by the Company's Zambian subsidiary from stockpiles and surfacematerial at its Chiwefwe mining license. The agreement is effective from thedate of first delivery of ore to Chiman's ferromanganese plant at Kabwe. Under the agreement, the Company will have exclusive use of a furnace and willpay $150 per tonne of ferromanganese delivered, plus the cost of coke, plus 25%of sale profit (being at least $100 per tonne) net of Government royalty. Chiman is currently producing and selling ferromanganese from the Kabwe plantand the Company will be working in conjunction with Chiman to sell the productinto local and overseas markets. The Company expects to make first deliveries shortly. Enquiries: Andrew Bell 07766 474849 Red Rock Resources plc Chairman John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Ron Marshman / John 020 7628 5518 City of London PR Limited Public RelationsGreenhalgh Updates on the Company's activities are regularly posted on Red Rock's website,www.rrrplc.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Red Rock Resources