Red Rock Resources plc has been awarded an additional $2 million in damages with costs in its legal action over its copper-cobalt joint venture in the Democratic Republic of Congo. ENFORCEMENT On 14 January, the Commercial Court of Lubumbashi issued an executory judgment ordering Vumilia Pendeza SA (VUP) to pay the sum. This follows the earlier judgment […]
Tag: Red Rock Resources plc
Red Rock acquires gold projects in Burkina Faso
Red Rock Resources plc has acquired two prospective exploration projects covering 348 km2 in the prolific Boromo and Banfora Greenstone Belts, southwest Burkina Faso. BILBALE AND BOULON The company said that Bilbale (183.62 km²) and Boulon (164.28 km²) had artisanal activity which showed evidence of the presence of high grade gold. The assets are held by […]
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 […]
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 […]
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 […]
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 […]