27 June 2024
Red Rock
Resources PLC
("Red
Rock", "RRR", or "the Company")
Update
Red Rock Resources Plc, (AIM:RRR)
("Red Rock" or "the Company"), is a natural resource development
company with interests in gold, base metals, battery metals, and
hydrocarbons principally
in Africa and Australia.
This release is an update further to
that of 10th June 2024.
Key
points:
· Preparations continue for
gold project inception in Burkina Faso
· Concentrators and other
equipment sailed ex-African port with arrival scheduled early
July
· Excavators and trucks
contracted ex-Europe and expected to sail shortly
· Completion of purchase of
minority interest in Victoria operations allows integrated
planning
· In Victoria, Australia,
geophysics and geochemistry begin in area near Sunday
Creek
Burkina Faso: The importation and transportation to site of specialist
small concentrators and other equipment proceeds as
planned.
Initial earth moving and trucking
equipment have been inspected and contracted in Europe and will be
transported by sea with certain other equipment including
generators shortly.
Movement of an initial group of
supervisory personnel into country is planned for early
July.
Australia: The Company has commissioned a reprocessing of the geophysical
analysis carried out two years ago of the Kilmore and Kilmore West
licences to the west of Southern Cross Gold Limited's (ASX:
SXG)("SXG") important Sunday Creek gold discovery in Victoria,
Australia. Data from the SXG drilling over the last year will
enable the Company to confirm certain correlations including those
between antimony and (a) gold and (b) hydrogen, and so identify
prospective targets.
Kenya: RRR
notes the civil disturbances in Kenya following the debates on the
Finance Bill, and has in consequence of the unavailability of key
people for meetings postponed a visit that was planned for this
week.
Andrew Bell, Red Rock Resources CEO,
commented:
"We are
happy with the pick-up in progress in relation to the Burkina Faso
alluvial gold project as co-ordinated movements of equipment and
human resources on to site appear to be going smoothly. We
anticipate an early start to operations as soon as equipment
arrives.
This project is potentially of great
importance for the short term future of the Company, and
preparations for test production are being given high
priority.
In Australia we are carrying out a
cost-effective assessment on the potential impacts of SXG's
extraordinary exploration success nearby. Recognising the
historical importance of Australia's antimony production at the
nearby Costerfield mine and the results achieved by SXG, the
antimony potential of our licences is being reappraised.
Plans for a visit to Kenya in
relation to our gold licences this week were postponed due to the
widespread demonstrations against tax rises but remain a
priority."
For further information, please
contact:
Andrew Bell 0207 747
9990 Chairman Red
Rock Resources Plc
Bob Roberts 0203
8696081
Broker Clear Capital Corporate
Broking