Red Rock Resources - Announcement by Jupiter Mines
("Red Rock " or the "Company")
Announcement by Jupiter Mines
"Tshipi Declares R1.1 Billion H2 2019 Dividend
Jupiter Mines Limited ("Jupiter") is pleased to announce that the
Jupiter will receive R521 million from Tshipi (net of withholding taxes) and approximately R36 million from its marketing entity for H2 2019.
Full details regarding the onward distribution of funds by Jupiter to its shareholders will be announced shortly.
Tshipi aims to continue selling 3 million tonnes of high grade ore for the financial year 2020, complemented by low grade ore when available.
With a 100 year life, Tshipi management will commence evaluating growth scenarios to increase production up to its load out infrastructure capacity of 5mtpa and higher, over the medium term."
A copy of the Jupiter announcement may be found on the Jupiter website, www.jupitermines.com and on the ASX website www.asx.com.au/asx/shre-price-research/company/JMS
Red Rock Chairman
This distribution from Tshipi is a sign of confidence in the prospects of the business. The manganese price continues stable at satisfactory levels."
Jupiter owns 49.9% of Tshipi é
For further information, please contact:
Scott Kaintz 0207 747 9990 Director
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD
Jason Robertson 0207 374 2212 Broker
This information is provided by RNS, the news service of the
Quick facts: Red Rock Resources PLC
Market Cap: £2.12 m
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