Red Rock Resources plc expects to conclude and have payments arranged next week at a working meeting of parties involved in the arbitration award in the Democratic Republic of Congo.
The company said it met various parties in Kinshasa over the Christmas and New Year period to discuss the award.
Red Rock also signed a framework agreement with its local associate Koto DRC SARL for an equal new joint venture, subject to acquiring suitable assets.
The working meeting will be on 22 January.