RCS - Red Rock Resources - Update on DRC proceedings

Red Rock ResourcesAnnouncement

19/02/2025 18:15

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RNS Number : 7673X  Red Rock Resources plc  19 February 2025

Red Rock Resources PLC

("Red Rock" or the "Company")

Update on DRC Proceedings

 

19 February 2025

 

Red Rock Resources Plc, the natural resource exploration and development
company with interests in gold, base metals, battery metals, and hydrocarbons
principally in Africa and Australia announces an update on the Company's
arbitration proceedings in the DRC further to its announcement of 29 January
2025.

Despite the invasion of the east of the country by Rwandan-backed forces, and
the demonstrations that followed but proved difficult to control, the Company
has minimised the delay to its schedule and continues on the same course and
with the same expectations.

The Company is pursuing the finalisation of this matter and looks forward to
an early announcement in this regard.

Red Rock Chairman Andrew Bell comments: "Inevitably the invasion in the east
of the country has been a distraction and caused delay, including days when
offices were shut and flights cancelled. By maintaining constant high level
pressure throughout the last month we have been able to continue the process.
I myself have made three visits to Kinshasa in the last month and spend most
of my time there, but we are also well served by our local partners who are
working full-time on our behalf.

Sometimes process cannot be hurried, but equally process is finite in its
scope and generally predictable in its outcomes. While it is understood that
investors will have concerns, we reiterate the guidance previously given that
a conclusion is expected imminently."

For further information, please contact:

Andrew Bell 0207 747
9990
Chairman Red Rock Resources Plc

Bob Roberts 0203
8696081
Broker Clear Capital Corporate Broking

 

 

 

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