Red Rock Resources plc received £110,000 via a subscription of 100,000,000 ordinary shares at £0.0011 per share by a high net worth investor. COSTS The company said that the investor had provided personnel to help bring its lithium assets in Zimbabwe and gold assets in Burkina Faso into production and establish an export pipeline for […]
Tag: Red Rock Resources plc
Red Rock granted second gold licence in Côte d’Ivoire
Red Rock Resources plc has been granted a second gold licence, covering 380.94km2, in Côte d’Ivoire. INTEREST The initial four-year licence, awarded to the company’s subsidiary LacGold Resources SARLU, is in the departments of Yamoussoukro and others. Red Rock’s granted licences now total 725.44km2 with three more applications pending for licences in the north of […]
Red Rock to export 200 tons lithium ore from Zimbabwe
Red Rock Resources plc said it had prepared 200 tons of lithium ore for export from its operations in Zimbabwe. BUSINESS GROWTH The first truck has left Harare for the port of Beira in Mozambique destined for a buyer and destination unnamed by the company. “We are now beginning to export lithium ore from Zimbabwe and […]
Red Rock to maximise short-term value of Zimbabwe lithium
Red Rock Resources plc aims to maximise the short term value of its lithium assets in Zimbabwe to benefit from the metal’s current high demand. OPERATIONS The company’s licences, near Bikita and Arcturus, are under discussion with several potential off-take partners and include possible sales to China. Chief executive officer Andrew Bell, currently in the […]
Red Rock sends lithium oxide samples to potential overseas buyers
Red Rock Resources plc has sent high grade lithium oxide sampling results from its Zimbabwe project to potential overseas buyers for review. POTENTIAL Last month the company reported it had opened talks on possible sales to agents in China. Three samples each approximately 2kg from the pegmatite at the first permitted area were first sent […]
Red Rock issues 26m shares for £52,500 CLNs
Red Rock Resources plc issued 26,000,000 ordinary shares each at a price of £0.0020196 after receiving notice to convert £52,509.60 of convertible loan notes, including interest. The company has also issued 50 million warrants exercisable into new ordinary shares for two years at 0.2p to an unsecured lender, subject to approval at the next general […]