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 […]
Tag: Zimbabwe
Arkle swings to a loss in a ‘good exploration year’
Arkle Resources plc swung to loss from its activities during 2022 but experienced a “good exploration year”. FINANCES The group holds gold, zinc and lithium interests in Ireland and has expanded its interests to a small licence area for lithium in Zimbabwe. Full year results ended December 2022 show a loss of €299,214 (2021: profit […]
Kavango in talks for £6m investment
Kavango Resources plc is in talks for a £6 million investment in the company and a potential new project for gold exploration in Zimbabwe. INVESTOR The investment by a single investor would be via a non-brokered direct subscription for a proposed price of 1p per share. The transaction is subject to regulatory and shareholder approvals. […]
Arkle extends portfolio to Zimbabwe
Arkle Resources plc has expanded its exploration footprint with three lithium licences in Zimbabwe. ZIMBABWE Awarded in June, the “low-cost entry” prospecting licences cover 163 hectares in the Insiza District of the Matabeleland South Province. Chairman John Teeling described the acquisitions as a “toe-in-the-water exercise” by the company’s directors who have long experience in the country. CARRICKITTLE WEST […]
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 […]
Red Rock sets up 75%-owned zimbabwe lithium subsidiary
Red Rock Resources plc has established a 75% owned lithium subsidiary and acquired lithium assets in southeast Zimbabwe. BIKITA The company owns African Lithium Resources Pvt Ltd (ALR) with a local partner. ALR has acquired a 51ha lithium claim, named Houghton C, 29km northwest of Bikita at Tin Hill and is in the process of […]