Red Rock Resources plc has paid part of the amount due to acquire its partner’s 49% share in their Australian gold exploration joint venture. CLNs The company announced earlier this year its intention to purchase Power Metal Resources plc’s share in New Ballarat Gold Corporation plc. NBGC, held by local operator Red Rock Resources Australasia […]
Tag: Red Rock Australasia Pty Ltd (RRAL)
Red Rock receives offer for Australia gold assets
Red Rock Resources plc said it had received an offer “in respect of its interest” in Red Rock Resources Australasia Ltd (RRAL) with licences in Victoria, containing the Berringa mine, and South Australia. DELAYS No further details were given in the announcement on 23 August. The company and partner Power Metal Resources plc owned 50.1% […]
Power Metal to sell 49.9% interest in Australia JV
Power Metal Resources plc has conditionally sold its 49.9% share in its Australian joint venture to partner Red Rock Resources plc for up to £1.5 million. BERRINGA The purchase, subject to Red Rock’s due diligence and shareholders’ approval, would be payable in cash, Red Rock ordinary shares and warrants. The two companies set up New Ballarat […]
Strike-off notice for Red Rock-Power Metal JV
Red Rock Resources plc and Power Metal Resources plc’s joint venture exploring for gold in Australia has been given first Gazette strike-off notice by the Companies Registrar. Companies House today published the notice to New Ballarat Gold Corp which owns 17 licences over 1,867km2 and the historic Berringa gold mine in the Victoria gold fields. […]
New Ballarat completes Berringa acquisition
New Ballarat Gold Corporation plc has completed the acquisition of the historic Berringa gold mine in the Victoria gold fields in Australia. LICENCE The joint venture subsidiary is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). The subsidiary’s holding company Red Rock Resources Australasia plc (RRAL) initially signed the agreement in […]
Power Metal-Red Rock to acquire Berringa gold mine
Power Metal Resources plc and Red Rock Resources plc are to acquire the historic Berringa gold mine within exploration licence EL5535 in the Victoria gold fields of Australia. BUSINESS STRUCTURE The partners’ joint venture (JV) company Red Rock Australasia Pty Ltd (RRAL) entered an agreement for the acquisition from Balmaine Gold Pty Ltd which is a wholly owned subsidiary […]