Red Rock Resources plc and Power Metal Resources plc have started the incorporation of a new holding company for their joint venture in the Victoria gold fields, Australia. IPO The companies’ current joint company, Red Rock Australasia Pty Ltd (RRAL), will be held in New Ballarat Gold Corporation plc (NBGC). RRAL will become a wholly owned […]
Tag: Victoria gold fields – Ballarat – Australia
RRAL discovers historic mine workings in Victoria
Red Rock Resources Australasia Pty Ltd (RRAL) announced it had discovered 150-year-old workings and well-developed adits at its gold exploration licences in the Victoria gold fields in Australia. JOINT VENTURE The joint venture company, between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%) said it had started a re-entry programme at the […]
Red Rock-Power Metal JV seeks London listing
Power Metal Resources plc and Red Rock Resources plc plan a London listing for their joint venture focused on the Victoria gold fields, Australia. LISTING Red Rock Australiasia Pty Ltd (RRAL) is 50.1% owned by Red Rock and 49.9% owned by Power Metal. Paul Johnson, CEO of Power Metal and Andrew Bell chairman of Power Metal are […]
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 […]
RRAL completes Victoria mapping-sampling
Red Rock Resources Australasia Pty Ltd (RRAL) has completed sampling and mapping programmes near Ballarat in the Victoria gold fields, Australia. DRILL TESTING The joint venture, comprising Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), collected 1,024 soil and rock chip samples in EL007271 and EL007281 in the old Monmouth/ Enfield and […]
Red Rock-Power Metal increase Victoria licences
Red Rock Australasia Pty Ltd (RRAL) joint venture has been granted two further licences in the Victoria gold fields of Australia. BALLARAT The new five-year licences comprise Blue Stocking (EL007327) 60km2 licence to the south west of Ballarat; and Sardinia (EL007385) 4km2 licence to the north of Daylesford. Partners Power Metal Resources plc (49.9%) and […]