07:00 Mon 17 Aug 2020
Red Rock Resources - Update on COVID-19 Impact and Licensing
("Red Rock" or the "Company")
Update on Impact of COVID-19 Pandemic and Licensing
COVID-19
The pandemic has had impacts in all the key locations where the Company operates:
22,743 cases and 375 deaths have been recorded, a death rate per 1m population of 15Note 1.
Peak daily cases occurred around the beginning of August with peak daily cases around 12 August. International flights have been suspended and movement between States restricted, with isolation imposed in
Geologists for Red Rock subsidiary
State agencies with which RRAL has to deal as part of the licensing process have been affected by the lockdowns but continue to provide a service.
28,754 cases of the coronavirus COVID-19 and 460 deaths from the virus have been recorded in
Peak daily cases appear to have been around the 26th July so far with peak daily deaths peaking in the week beginning 27th July. A daily curfew is in place from
Government and other offices are not working at full capacity and the curfew has acted as an inhibiting factor to domestic travel. These factors and the effect on the tourist industry are having a strong negative effect on the economy.
The effect on the Company has been to cause some delays but has otherwise been minimal.
9,589 cases of the COVID-19 virus have been reported in the DRC, with 234 deaths, or 3 deaths per 1m population.
The 3 day moving average of new daily cases peaked on 20th June, with the 3 day moving average of new daily deaths attributed to the virus peaking on 29th June. No international flights or internal flights to and from
The mining centre of Lubumbashi in the south-east of the country has been relatively unaffected. The Company's ability to operate efficiently has been affected by the inability to meet face to face with its partners and stakeholders, and to plan for travel. It is expected that this situation will improve in the coming month.
The country has during the winter seen an increase in cases to 572,865, with 11,270 deaths or 190 per 1m population. New daily cases peaked on 24th July with the 3 day moving average of new daily deaths peaking on 10th August.
The recorded cases in
Note 1: https://www.worldometers.info/coronavirus/ as at
LICENSING - GOLD
In Australia License applications EL007271, EL007281, and EL007285 have completed the advertising period and are being processed by Earth Resources Victoria. Advertisements have been prepared for the other eight license areas and await approval. As noted above COVID-19 may cause delays.
Further to the announcements of
As no activities have been able to take place on these license areas in
Red Rock Chairman
Operations have been able to continue with little interruption and there are signs that the epidemic has in many countries passed its peak.
The process of grant and renewal of key licenses has continued as Government departments try to keep operating with reduced staff levels present. It is gratifying to be able to report that we can now plan for a resumption of work after a gap of some years in our Kenyan licenses after their recent renewal. We thank the authorities for their assistance in finally resolving this matter despite the difficulties caused by COVID-19, and look forward to resuming immediately our work on the ground. Further announcements on this matter will follow.
With these developments Red Rock re-establishes its credentials as a gold company, with assets covering the spectrum from interests in production, through holdings of substantial compliant Mineral Resources, to exploration."
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
For further information, please contact:
Scott Kaintz 0207 747 9990 Director
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD
Mark Treharne 0203 700 2500 Broker
Appendix A: Historic Red Rock announcements relating to Kenyan exploration
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/4x477kx
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/vw14z6w (with two attachments including report)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/ornz70r (with one attachment report)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/drmgj8r (four attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/jw375dx
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/mx8pzjw (four attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/0xz6y7r (five attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/pr7v67r (two attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/1xj8m7r
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/ord4mmr (one attachment)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/mx8p5jw (one attachment)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/kx24dzw (seven attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/vwk3pdx (four attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/4x4eddr (four attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/vw1zq1x
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/0xz6o7r
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/pr7vd7r
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/ewvv53w
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/3xogmmr
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/6xllm3x (five attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/5xe65jr
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/3xogv3r
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/ornn0kr (one attachment)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/4ry2dkw (five attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/oxq912r
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/4x4ez3r
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/3xog31r
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/0xz6nlr (one attachment)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/ewvvp0w (two attachments)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/4ry24yw (one attachment)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/ow0gylx (one attachment)
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/5xe6qor
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/0x5j7lw
https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/mx8pqew
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