Red Rock Resources
PLC
("Red Rock" or the
"Company")
Update on Australian
Assets
16
August 2024
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, further to the
announcements of 13th March 2024, 12th June
2024 and 19th June 2024, that the date for fulfilment of
the £250,000 payment obligation under section 5(c) of the
Agreement to take 100% ownership of its
Australian Gold interests, and related
amounts, has been re-set to 13th
September 2024 by agreement between the parties to that
Agreement.
Red
Rock CEO Andrew Bell comments: "As noted in our announcement
of April 5th we have been working for the release of the
arbitration award in relation to our Congolese interests. Handover
of this matter to the new post-election Administration has taken
place and we have been in Kinshasa over recent weeks and expect to
return for the final meeting.
Given the tempo of activity during the holiday season across
the Company's activities, notably in DRC but also in Burkina Faso
where we are moving towards gold production and travel plans have
been affected by illness of two key personnel, we are grateful for
the agreement of the vendors in Australia in adjusting the timing
of one element of the consideration.
In
Victoria exploration in the easternmost of our licences at Kilmore
is under way, across the boundary from Southern Cross Gold's
exploration at Sunday Creek, and we will report on this once we
have sufficient results.
NDAs have now been signed with various potential listed
partners. With the help of our advisors, we are discussing
possibilities for a listing of the assets.
We
intend to report an operational and financial update covering
developments in the Company's business in the coming days."
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.