Red Rock Resources plc Update

RNS Number : 0462U

Red Rock Resources plc

27 June 2024

 

27 June 2024

Red Rock Resources PLC

("Red Rock", "RRR", or "the Company")

 

Update

 

Red Rock Resources Plc, (AIM:RRR) ("Red Rock" or "the Company"), is a natural resource development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia.

This release is an update further to that of 10^th June 2024.

Key points:

·    Preparations continue for gold project inception in Burkina Faso

·    Concentrators and other equipment sailed ex-African port with arrival scheduled early July

·    Excavators and trucks contracted ex-Europe and expected to sail shortly

·    Completion of purchase of minority interest in Victoria operations allows integrated planning

·    In Victoria, Australia, geophysics and geochemistry begin in area near Sunday Creek

Burkina Faso: The importation and transportation to site of specialist small concentrators and other equipment proceeds as planned.

Initial earth moving and trucking equipment have been inspected and contracted in Europe and will be transported by sea with certain other equipment including generators shortly.   

Movement of an initial group of supervisory personnel into country is planned for early July. 

Australia: The Company has commissioned a reprocessing of the geophysical analysis carried out two years ago of the Kilmore and Kilmore West licences to the west of Southern Cross Gold Limited's (ASX: SXG)("SXG") important Sunday Creek gold discovery in Victoria, Australia. Data from the SXG drilling over the last year will enable the Company to confirm certain correlations including those between antimony and (a) gold and (b) hydrogen, and so identify prospective targets.

Kenya: RRR notes the civil disturbances in Kenya following the debates on the Finance Bill, and has in consequence of the unavailability of key people for meetings postponed a visit that was planned for this week.

 

Andrew Bell, Red Rock Resources CEO, commented:

 

"We are happy with the pick-up in progress in relation to the Burkina Faso alluvial gold project as co-ordinated movements of equipment and human resources on to site appear to be going smoothly. We anticipate an early start to operations as soon as equipment arrives.

 

This project is potentially of great importance for the short term future of the Company, and preparations for test production are being given high priority.

 

In Australia we are carrying out a cost-effective assessment on the potential impacts of SXG's extraordinary exploration success nearby. Recognising the historical importance of Australia's antimony production at the nearby Costerfield mine and the results achieved by SXG, the antimony potential of our licences is being reappraised.

 

Plans for a visit to Kenya in relation to our gold licences this week were postponed due to the widespread demonstrations against tax rises but remain a priority."

 

For further information, please contact:

Andrew Bell 0207 747 9990                                                     Chairman Red Rock Resources Plc

Bob Roberts 0203 8696081                                                      Broker Clear Capital Corporate Broking

 

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