REG - Red Rock Resources - Update

Red Rock ResourcesAnnouncement

11/02/2026 07:00

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RNS Number : 4889S  Red Rock Resources plc  11 February 2026

Red Rock Resources PLC

("Red Rock" or the "Company")

Update

 

11 February 2026

 

Red Rock Resources Plc, the natural resource exploration and development
company with interests in gold, base and battery metals, and hydrocarbons
principally in Africa and Australia announces an update, further to those
of 23 October 2025, 25 November 2025 particularly as they relate to
developments in the Democratic Republic of Congo ("DRC"), and further to the
Annual Report published on 22 December 2025.

DRC

JV

It was noted on 23(rd) October 2025 and 25(th) November 2025 that pursuant to
the Koto Red Rock JV the Company and its partners were seeking to identify
appropriate copper-cobalt and gold licences and expected shortly to visit some
of the short-listed licences, and that updates would be issued.

The Company was looking for (a) a grant pursuant to the JV's partnership with
Government agencies; plus either (b) licences it might take over and hold in
its own name, or/and (c) licences it might acquire through private treaty.

A number of possibilities have been reviewed or have resulted in exploratory
meetings. The Company has recently signed an NDA and started its due diligence
assessment involving external consultants of a privately held potential
copper-cobalt mining project in the Kambove region of Katanga.

DRC Litigation

A judgment and conclusion of the proceedings between the Company and VUP as
referred to in the Company's previous announcements remains pending, and the
Company is confident that its position will be upheld.

Other

In the last two weeks the Company through Red Rock Australasia Ltd has applied
for renewal of two licences in Victoria, made partial surrenders in relation
to one of those licences and a total surrender of a third small licence
isolated from the Company's other properties, and has brought in another
company to share office costs. As part of this rationalisation and forward
planning, the Company expects to receive the final draft of a third party
professional assessment of its licences and of alternative options going
forward. At the same time the Company has begun discussions with potential
regional partners.

In the last two weeks in Kenya the Company through its local representative
has progressed the renewal discussions on its gold assets to the point where
it hopes to arrive at an outcome that will allow activities  to restart with
the aim of obtaining production licences.

Red Rock chairman Andrew Bell comments: "The DRC licence on which we have
signed an NDA requires some due diligence, following which we will make a
further announcement. There is a possibility that we may have identified a
licence which meets our requirements for all potential copper/cobalt projects
in the DRC, which are (1) that they should be first class in terms of
prospective grade and size, (2) that they are with a reliable counterparty
that will agree reasonable terms, and (3) that they should be able to generate
production either immediately or on a short timeframe.

We continue to review other licence opportunities.

We see enough opportunities to that we shall be able to identify and access
quality projects there, as we have done before. Dealing with private parties
offers the opportunity to move quickly, while the World continues to need more
copper."

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

 

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