REG - Red Rock Resources - Lithium Update

Red Rock ResourcesAnnouncement

15/06/2023 12:15

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RNS Number : 8741C  Red Rock Resources plc  15 June 2023

Red Rock Resources Plc

("Red Rock" or the "Company")

 

Lithium Update

 

 

15 June 2023

 

Red Rock Resources Plc, the natural resource exploration and development
company with interests in gold, copper, cobalt, lithium and other minerals,
announces an update to the announcement of 28 March 2023 in relation to the
Company's operations in Zimbabwe.

 

Following submission of the Environmental Impact Assessment ("EIA") for the
Company's first Zimbabwe project and stakeholder meetings, an environmental
certificate has now been issued. The Company can therefore start production
and sale of lithium product.

 

Work will be carried out in parallel to permit our other Zimbabwe licences for
mining.

 

Red Rock Chairman Andrew Bell comments: "Now that we have our environmental
clearance, mining can begin on site. We are in a position to start shipping
product immediately, and will make announcements as we pass various
milestones.

 

Zimbabwe is a top ten lithium producer, and the biggest producer in Africa,
and is known for its high grade product. This is a significant milestone for
Red Rock, and we are assessing the financial implications as we test material
and delineate further the pegmatites within our licences."

 

In Burkina Faso, the transfer of the Boulon licence to the Company has now
been completed, The BRGM (Bureau de Recherches Géologiques et Minières) and
BUMIGEB (Bureau des Mines et de la Géologie du Burkina Faso) carried out a
regional geochemistry survey on stream sediments in south-western Burkina Faso
to identify potentially mineralised zones as targets for future prospecting
operations following receipt of World Bank funding in 2011. A channel of
lithium-bearing leucogranites was identified that runs through one of our gold
licences. The centre of this mapped channel, containing some of the highest
lithium anomalies, underlies our licence.

 

In Ivory Coast, one of our applications contains historically mapped lithium
occurrences in pegmatites, and lies within the area in the west of the country
where recent lithium exploration has taken place.

 

 

GLOSSARY

 

Leucogranite: light coloured granitic igneous rocks low in iron and magnesium,
including some pegmatites

 

Pegmatite: very coarse textured igneous rock, usually felsic

 

 

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

Jason Robertson 0207 374
2212
  Broker First Equity Limited

Bob Roberts 0203
8696081
Joint 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.

 

 

 

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