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