Red Rock Resources prepares mining licence application for Kenya project
“We have great confidence in the potential and prospects of the Mikei gold project, and will look for ways to accelerate its progress in 2022," said chairman Andrew Bell
Company
LON:RRR
Red Rock Resources PLC is a natural resource exploration and development company. The company manages a diverse portfolio of mining and oil and gas projects and investments around the world.
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“We have great confidence in the potential and prospects of the Mikei gold project, and will look for ways to accelerate its progress in 2022," said chairman Andrew Bell
Recent soil sampling in the Victoria Goldfields has identified several new anomalies
Red Rock has extensive gold exposure across multiple jurisdictions
"We can already feel encouraged by the many positive indications from this small maiden drill programme," said chairman Andrew Bell
Jupiter has achieved a 30% annual return on assets in recent years but the outlook for manganese is not seen as bright
O'Laughlins, in licence EL 007271, has not been explored since the 1860s
"We are optimistic that this initial programme will spur an extended drill programme that will advance the resource to the next stages of development," said project manager Joseph Komu
Handheld XRF analysis has indicated significant cobalt grades in mylonitic units, with samples being prepared for laboratory confirmation
Red Rock owns 50.1% of RRAL, with 49.9% being owned by Power Metal
He has acted on a wide variety of corporate transactions in a senior role for over 20 years, including flotations and mergers and acquisitions for private and quoted companies
Drilling of the first hole began on Sunday at Luanshimba
Rubaco has been engaged to carry out an initial 2,000-metre reverse circulation drill programme
Red Rock has a diverse portfolio of resources assets, including significant exposure to manganese
For the joint venture, Red Rock Resources Australia, the two companies said a further two licences have been approved covering 569 square kilometres
Liquidity is forecast to increase in the second half of the year
The issue of shares is conditional on the approval of Red Rock shareholders
Red Rock has a diverse portfolio of assets in multiple jurisdictions
The reported gold grade increased by 18% to 1.49 gram per tonne
The board of Tshipi, where Jupiter has a 49.9% stake, has declared a final dividend
Chief executive Andrew Bell noted that the funding allows the company to ‘move forward more rapidly’.