Metals & Minerals News

Red Rock-Power Metal increase Victoria licences

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Red Rock Australasia Pty Ltd (RRAL) joint venture has been granted two further licences in the Victoria gold fields of Australia.

Exploration: the joint venture has to date received five licences (Pixabay)

BALLARAT

The new five-year licences comprise Blue Stocking (EL007327) 60km2 licence to the south west of Ballarat; and Sardinia (EL007385) 4km2 licence to the north of Daylesford.

Partners Power Metal Resources plc (49.9%) and Red Rock Resources plc (50.1%) are conducting ground exploration work at the site near the historic mining town of Ballarat.

The JV has to date received five licences covering 279 km² with 11 applications pending.

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