Company Moves Metals & Minerals News

Red Rock appoints Alex Borrelli as independent NED

Red Rock Resources plc has appointed Alex Borrelli to the board as an independent non-executive director with immediate effect. Mr Borrelli, FCA, initially studied medicine and then qualified as a chartered accountant with Deloitte, Haskins & Sells, London in 1982. He then worked in corporate finance at Guinness Mahon, Samuel Montagu and as a corporate […]

Metals & Minerals News

Red Rock awards drill contract for Mikei gold project, Kenya

Red Rock Resources plc has contracted Base Drilling and Mining Services Co. Ltd for a 2,000m reverse circulation (RC) drill programme at the Mikei gold project in Kenya. The junior explorer also plans infill and step-out drilling to improve resource classification and size, and has the option to increase the programme. Base Drilling is expected […]

News Oil & Gas

Red Rock to swap EOL shares in oil and gas, Benin

Red Rock Resources plc has accepted an offer to exchange its shares in Elephant Oil Ltd (EOL) which holds hydrocarbon exploration licences onshore Benin. Red Rock has a 4.68% holding in EOL at a current value of £137,500 and the swap will be for shares in Elephant Oil Corp (EOC). The miner said it would […]

Metals & Minerals News

Red Rock-Power Metal awarded more licences

Red Rock Australasia Pty Ltd has been granted two further gold exploration licences near the historic mining centre of Ballarat in the Victoria gold fields of Australia. OLD MINES The joint venture comprises Red Rock Resources plc holding a 50.1% interest and Power Metal Resources with 49.9%. Power Metal chief executive Paul Johnson and chairman […]

Finance Metals & Minerals News

Red Rock raises £13,786 through warrant exercise

Red Rock Resources plc said it had received subscription monies of £13,786.77 following notice to exercise warrants over 1,838,235 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 1,838,235 warrants into shares at an exercise price of 0.75 pence per share.