REG - Red Rock Resources - Lithium Update - Zimbabwe

Red Rock ResourcesAnnouncement

18/08/2023 16:15

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RNS Number : 8259J  Red Rock Resources plc  18 August 2023

Red Rock Resources Plc

("Red Rock" or the "Company")

 

Lithium Update- Zimbabwe

 

 

18 August 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 announcements of 15 June 2023 and 3 July 2023 in
relation to the Company's operations, through its subsidiary African Lithium
Resources (Pvt) Ltd ("ALR"), in Zimbabwe.

 

Key current tasks are the beaconing and procuring of EIAs for recently granted
licence areas, establishment and testing of representative samples,
procurement of crushing and beneficiation equipment, procuring of export
licences, and establishment of sales channels.

 

Discussion has begun with sales agents in China for sale of lithium ores, and
a potential contract miner/partner has sent an experienced South African
consultant geologist who from 10(th) to 14(th) August with ALR personnel
conducted due diligence at ALR's locations in Zimbabwe.

Mr Dirk Benade, B.Sc., has been engaged as Owner's Representative and a
director of ALR. A geologist with 50 years experience of exploration,
management, assaying and open pit and underground mining, largely in Zimbabwe.
He has worked for, among others, Utah Development Company (now BHP-Utah) Anglo
American, Messina Transvaal Development and Falcon Mines. Dirk was Managing
Director of AIM-listed African Gold Plc, and Senior Geologist of African
Consolidated Resources Plc from the time of its AIM listing in 2006 up to
2008. He has more recently been involved in private company ventures and
consulting work.

Red Rock Chairman Andrew Bell comments: "Regulatory changes over recent months
mean that we are focussed on sales to the export market, which realise higher
prices but require some combination of selective mining and beneficiation.

 

Dirk comes to us highly recommended and his depth of experience and knowledge
and international business background makes him a good complement to our
enthusiastic local team."

 

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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