Metals & Minerals News

Red Rock issues overview of gold interests

Red Rock Resources plc issued a summary of its gold interests in its natural resource development portfolio in Africa, Australia and South America. ASSETS The company has royalties over its gold interests as well as projects in Africa including a JORC indicated and inferred resource of 15.13 Mt @ 1.49 g/t Au with contained metal […]

Legal Metals & Minerals News

Red Rock takes action over copper-cobalt partner in DRC

Red Rock Resources plc said it had served a precautionary attachment on its local partner, VUP SA, relating to copper-cobalt projects in the Democratic Republic of Congo. ADVICE In March 2019 Red Rock, through its local subsidiary, signed a joint venture agreement with Congolese VUP (Vumilia Pendeza SA) over certain assets in Katanga. The partners […]

Metals & Minerals News

Red Rock applies for gold exploration licences in Côte d’Ivoire

Red Rock Resources plc has applied for five gold exploration permits through wholly owned subsidiary LacGold Resources SARLU in Côte d’Ivoire, West Africa. LICENCES The licences cover a total area of 1,907.07km2 with each application located on a known regional shear zones where gold mines are operating. Red Rock said that all the applications have […]

Finance Metals & Minerals News

Red Rock sells Jupiter holdings for £1.24 million

Red Rock Resources plc has raised $1.24 million after selling a substantial part of its remaining holding in manganese producer Jupiter Mines Ltd. CHANGES The company said it retained 5,870,693 shares in Jupiter which focuses on the Tshipi mine in South Africa. “We manage our investments actively and having formed the view that prospects in […]

Metals & Minerals News

Red Rock-Power Metal set up Australia gold JV

Red Rock Resources plc and Power Metal Resources plc have started the incorporation of a new holding company for their joint venture in the Victoria gold fields, Australia. IPO The companies’ current joint company, Red Rock Australasia Pty Ltd (RRAL), will be held in New Ballarat Gold Corporation plc (NBGC). RRAL will become a wholly owned […]

Finance Metals & Minerals News

Power Metal raises £300,000 via insider warrant exercises

Power Metal Resources plc raised £300,000 following completion of irrevocable insider warrant exercises. Value Generation Ltd, a private company beneficially owned by Power Metal’s chief executive Paul Johnson, completed its irrevocable undertaking to exercise warrants to subscribe for 10 million new ordinary shares of 0.1p each at an exercise price of 1.0p per ordinary share raising £100,000. Following admission […]