REG - Red Rock Resources - Follow up - DRC Arbitration

Red Rock ResourcesAnnouncement

24/01/2025 08:00

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RNS Number : 6084U  Red Rock Resources plc  24 January 2025

Red Rock Resources PLC

("Red Rock" or the "Company")

Follow up - DRC Arbitration

 

23 January 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 our DRC
arbitration further to its announcement of 15 January 2025.

The scheduled meeting in the DRC took place on the afternoon of 22 January
2025 in Kinshasa. The arbitrator has suggested the parties supply each other
any additional supporting documents and that Red Rock and the other party then
try to reach a consensus on the arrangements if possible before matters are
finalised by the arbitrator. Red Rock is following this up over this Thursday
and Friday.

Red Rock Chairman Andrew Bell comments: "The parties are all looking to
finalise this matter. Yesterday's working meetings achieved more progress than
the last 29 months, and we are relieved to now be in a process designed to
expedite settlement".

 

For further information, please contact:

Andrew Bell 0207 747
9990
   Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396           NOMAD
Beaumont Cornish Limited

Bob Roberts 0203 8696081
                                    Broker Clear Capital
Corporate Broking

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU, which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed
in accordance with the Company's obligations under Article 17.

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

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