Metals & Minerals News

Red Rock issues 81m incentive shares

Red Rock Resources plc has issued 80,928,000 ordinary shares of £0.0001 each in the company under its share incentive plan. The awards are for the 2023/24 tax year as agreed by the trustees in their meeting held on 2 April 2024. Under the SIP, all eligible employees may elect to have monthly deductions from their salary […]

Finance Metals & Minerals News

Red Rock raises £260,000 via placing

Red Rock Resources plc has raised £260,000.04 before expenses via a placing of 509,804,000 new ordinary shares in the company at 0.051 pence per share. Following admission, the company’s issued ordinary share capital will comprise 4,058,050,811 ordinary shares, each with voting rights. Proceeds will be used to bring Red Rock’s gold assets in Burkina Faso to […]

Metals & Minerals News Oil & Gas

Red Rock focuses on cash flow as losses rise

Red Rock Resources plc said it continued to rationalise parts of its portfolio to generate cash as the company recorded an increase in six-month losses. PRIORITIES Chairman Andrew Bell said that the company would focus on early gold production and other “immediate cash flow operations”. Medium or long-term projects will be prioritised for short- term […]

Finance Legal Metals & Minerals News

Red Rock aims to finalise DRC arbitration award

Red Rock Resources plc aims to finalise its $10 million arbitration award either this week or next in the Democratic Republic of Congo. PROGRESS The company said it expected an initial $2.5 million from its local partner with $7.5m pending. The figures represent 50.1% of what was received by its partner from the buyer and […]

Metals & Minerals News

Red Rock prepares Bilbale for trial processing

Red Rock Resources plc will begin preparations in March for trial processing at its Bilbale gold licence in Burkina Faso. ALLUVIAL EXPLORATION The company’s visit, deferred from this month, will also involve meeting Hong Kong partner Riverstone Resources Ltd owned by Mahendran Samuel. The licence, acquired in January 2022, is owned by Red Rock subsidiary […]