New Ballarat Gold Corporation plc has completed the acquisition of the historic Berringa gold mine in the Victoria gold fields in Australia. LICENCE The joint venture subsidiary is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). The subsidiary’s holding company Red Rock Resources Australasia plc (RRAL) initially signed the agreement in […]
Tag: Red Rock Resources plc
New Ballarat notes ‘considerable potential’ for Ajax
New Ballarat Gold Corporation plc (NBGC) reported “considerable potential” for its joint venture (JV) Ajax mine in Australia. AJAX LINE The JV is a subsidiary between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). NBGC has a 100% interest in operator Red Rock Australasia Pty Ltd (RRAL), focusing on the Victoria gold fields. Licence […]
Power Metal-Red Rock to acquire Berringa gold mine
Power Metal Resources plc and Red Rock Resources plc are to acquire the historic Berringa gold mine within exploration licence EL5535 in the Victoria gold fields of Australia. BUSINESS STRUCTURE The partners’ joint venture (JV) company Red Rock Australasia Pty Ltd (RRAL) entered an agreement for the acquisition from Balmaine Gold Pty Ltd which is a wholly owned subsidiary […]
Red Rock signs new Haut-Katanga JV
Red Rock Resources plc announced a new cobalt joint venture (JV) in Haut-Katanga, the Democratic Republic of Congo (DRC). JOINT VENTURE The company’s subsidiary Red Rock Resources Congo SAU (RRRC) entered into an agreement with the Société d’Investissement Minier Akon et Sodimico S.A. (Simaks). The deal will see Red Rock acquire 58% in the Kimono […]
Red Rock-Power Metal note potential grades at Victoria
Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%)’s initial drill results made a promising start for the joint venture’s subsidiary New Ballarat Gold Corporation plc in the Victoria gold fields in Australia. JOINT VENTURE Red Rock Australasia Pty Ltd (RRAL), the 100% owned Australian operating subsidiary of New Ballarat, is conducting exploration […]
Red Rock-Power Metal granted more licences
Red Rock Resources plc and Power Metal Resources plc joint venture has been granted three further exploration licences in the Victoria gold fields of Australia. EXPLORATION Red Rock Resources Australasia Pty Ltd (RRAL)’s subsidiary is New Ballarat Gold Corporation plc (NBGC). Red Rock holds 50.1% and Power Metal owns 49.9% in NBGC which now has 14 […]