REG - Red Rock Resources - Update on certain transactions

Red Rock ResourcesAnnouncement

22/09/2025 15:00

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RNS Number : 2953A  Red Rock Resources plc  22 September 2025

Red Rock Resources PLC

("Red Rock" or the "Company")

Update on Certain Transactions

 

22 September 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 sale
reported on 12th September 2025 (the "Sale") and the rescheduled purchase
payment announced on 21(st) July 2025 and due to be paid to Power Metal
Resources PLC on 19(th) September 2025 (the "POW payment")..

The cash component of the consideration for the Sale has been duly received by
the Company and the POW payment has been duly made.

Red Rock Chairman Andrew Bell comments: "The potential sale of certain gold
assets in Ivory Coast, in respect of which the Company received exclusivity
payments, is finalising documentation and assuming the parties remain ad idem
as to indicative terms would be ready for execution shortly. Given the rise in
the gold price, the Company would in any case be unlikely to extend
exclusivity beyond mid-October.

The Company also is expecting to be in a position to provide an update as to
developments in the DRC and other progress."

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.

 

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

 

 

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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