Metals & Minerals News

Red Rock intersects gold and mineralised zones at Bilbale

Red Rock Resources plc reported that three of four holes encountered gold and one intersected three gold mineralised zones from reverse circulation (RC) drilling at the Bilbale licence, southwest Burkina Faso. LICENCES Chairman Andrew Bell added that the mineralisation included a high grade zone near surface. The assets are held by Faso Greenstone Resources SARL […]

Finance Metals & Minerals News

Red Rock issues £50,000 convertible notes

Red Rock Resources plc said it had issued £50,000 of the second tranche of convertible notes with accompanying warrants to high net worth investors. The company added that a single investor subscribed to the £50,000 notes. Red Rock will use the funds for general working capital. The notes are being issued on the same terms […]

Finance Metals & Minerals News

Red Rock issues £623,000 of convertible notes

Red Rock Resources plc has issued £623,000 of convertible notes with accompanying warrants to high net worth investors. CONFIDENCE The company said that £367,000 of subscriptions for the notes were new subscriptions, and £256,000 were conversions of debt facilities.  The notes were issued at par and are convertible into ordinary shares of £0.0001 in Red […]

Finance Metals & Minerals News

Red Rock notes directors’ dealings

Red Rock Resources plc has issued 5,038,253 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) for the 2021/22 tax year. DIRECTORS’ PARTICIPATION The company said that this was agreed by the trustees in their meeting held on 1 April 2022 and approved by the board of directors yesterday, 5 May. Four directors […]

Finance Metals & Minerals News

Red Rock attracts $100,000 investment for Zimbabwe lithium project

Red Rock Resources plc said that a group of high net worth investors had acquired a 10% early stage interest for US$100,000 in the company’s lithium project in Zimbabwe. APPLICATIONS The funds will develop the company’s 75% subsidiary African Lithium Resources Pvt Ltd (ALR) which it established in March. Red Rock recently submitted an application […]