RCS - Red Rock Resources - Update

Red Rock ResourcesAnnouncement

27/06/2024 07:00

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RNS Number : 0462U  Red Rock Resources plc  27 June 2024

27 June 2024

Red Rock Resources PLC

("Red Rock", "RRR", or "the Company")

 

Update

 

Red Rock Resources Plc, (AIM:RRR) ("Red Rock" or "the Company"), is a natural
resource development company with interests in gold, base metals, battery
metals, and hydrocarbons principally in Africa and Australia.

This release is an update further to that of 10(th) June 2024.

Key points:

·    Preparations continue for gold project inception in Burkina Faso

·    Concentrators and other equipment sailed ex-African port with arrival
scheduled early July

·    Excavators and trucks contracted ex-Europe and expected to sail
shortly

·    Completion of purchase of minority interest in Victoria operations
allows integrated planning

·    In Victoria, Australia, geophysics and geochemistry begin in area
near Sunday Creek

Burkina Faso: The importation and transportation to site of specialist small
concentrators and other equipment proceeds as planned.

Initial earth moving and trucking equipment have been inspected and contracted
in Europe and will be transported by sea with certain other equipment
including generators shortly.

Movement of an initial group of supervisory personnel into country is planned
for early July.

Australia: The Company has commissioned a reprocessing of the geophysical
analysis carried out two years ago of the Kilmore and Kilmore West licences to
the west of Southern Cross Gold Limited's (ASX: SXG)("SXG") important Sunday
Creek gold discovery in Victoria, Australia. Data from the SXG drilling over
the last year will enable the Company to confirm certain correlations
including those between antimony and (a) gold and (b) hydrogen, and so
identify prospective targets.

Kenya: RRR notes the civil disturbances in Kenya following the debates on the
Finance Bill, and has in consequence of the unavailability of key people for
meetings postponed a visit that was planned for this week.

 

Andrew Bell, Red Rock Resources CEO, commented:

 

"We are happy with the pick-up in progress in relation to the Burkina Faso
alluvial gold project as co-ordinated movements of equipment and human
resources on to site appear to be going smoothly. We anticipate an early start
to operations as soon as equipment arrives.

 

This project is potentially of great importance for the short term future of
the Company, and preparations for test production are being given high
priority.

 

In Australia we are carrying out a cost-effective assessment on the potential
impacts of SXG's extraordinary exploration success nearby. Recognising the
historical importance of Australia's antimony production at the nearby
Costerfield mine and the results achieved by SXG, the antimony potential of
our licences is being reappraised.

 

Plans for a visit to Kenya in relation to our gold licences this week were
postponed due to the widespread demonstrations against tax rises but remain a
priority."

 

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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