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Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources Plc LSE:RRR London Ordinary Share GB00BYWKBV38 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.525p 0.50p 0.55p 0.525p 0.475p 0.525p 1,902,132 16:15:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 0.1 0.0 26.3 3.00

Red Rock Resources plc Jupiter Mines - Update

30/04/2019 1:36pm

UK Regulatory (RNS & others)


Red Rock Resources (LSE:RRR)
Historical Stock Chart

2 Months : From Apr 2019 to Jun 2019

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TIDMRRR

RNS Number : 5982X

Red Rock Resources plc

30 April 2019

Red Rock Resources plc

("Red Rock " or the "Company")

Jupiter Mines - Update

30 April 2019

Red Rock Resources Plc, the natural resource development company with interests in gold and steel feed materials, announces that Jupiter Mines Limited ("Jupiter", ASX:JMS), an Australian public company in which Red Rock holds 18,524,914 shares (0.95%), has released preliminary financial results for the year ending 28 February 2019. The preliminary financial results are based on a draft financial report which is in the process of being audited.

Highlights

   --     Consolidated pretax profit +88.4% to A$192.026m 
   --     Consolidated net profit +54.2% to A$142.187m 
   --     Net earnings per share +67.5% to A$0.0727 
   --     Manganese sales from Tshipi mine +5.1% to 3.51mt 

-- Average Manganese ore price in year US$6.00 FOB per DMTU (dry metric ton unit) [note: currently US$5.40]

-- Cost of production during the year averaging ZAR 30.66 per DMTU, FOB, making Tshipi one of the lowest cost manganese producers

The full announcement can be found at: https://www.jupitermines.com/cproot/896/3/20190430%20Jupiter%20Mines%20Preliminary%20Final%20Report%2028%20February%202019.pdf

The closing price of Jupiter shares on the Australian Stock Exchange today was A$0.355, making Red Rock's holding worth A$6,576,344.

For further information, please contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc

   Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396            NOMAD Beaumont Cornish Limited 

Jason Robertson 0207 374 2212 Broker First Equity Limited

OK then.....

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

April 30, 2019 08:36 ET (12:36 GMT)

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