Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRed Rock Resources Share News (RRR)

Share Price Information for Red Rock Resources (RRR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0525
Bid: 0.05
Ask: 0.055
Change: 0.00 (0.00%)
Spread: 0.005 (10.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.0525
RRR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Victoria Quarter Earnings Rise, Launches Tender Offer

Tue, 23rd Feb 2021 18:08

(Alliance News) - The following is a round-up of updates by global companies, issued on Tuesday and not separately reported by Alliance News:

----------

Victoria PLC - Worcestershire-headquartered flooring firm - Announces tender offer to purchase EUR50 million of senior secured notes due 2024. Also says it intends to offer EUR350 million in senior secured notes due 2026. Says it will use the new cash for general corporate purposes - particularly acquisitions - and the partial refinancing of existing 2024 senior secured notes to further improve the maturity profile of the group's debt. Additionally, highlights higher quarterly earnings with revenue for the third quarter to December-end up 16% year-on-year at around GBP184 million and earnings before interest, tax, depreciation, and amortization at GBP120.0 million.

----------

Sunrise Resources PLC- miner focused on operations in Nevada, US and Western Australia - Says a 500-ton sample of natural pozzolan has been delivered to a large cement and ready-mix company in the US. Adds results from a strength testing of mortar blocks made using a 20% substitution of ordinary Portland cement with natural pozzolan from the 500-ton bulk sample shows mortar strength "well in excess of the requirements of ASTM C618" after just seven days curing. Less positively, due to high demand for perlite, all potential customers are currently focussing on their own production and this has caused delays to Sunrise receiving test results of its own product. Separately, Sunrise says it is progressing with drilling plans at Bakers Gold project in Australia, noting the proposed drill programme will comprise five reverse circulation drill holes between 100 metres and 200 metres deep to test three separate gold targets which include old mine workings, areas of gold nugget production and a gold-in-soil geochemical anomaly.

----------

Serinus Energy PLC - oil company with operations in Romania and Tunisia - Notes flow test results of the Moftinu-1008 well in Romania show the 1,000 metre well flowing 4.0 million standard cubic feet per day, around 667 barrels of oil equivalent per day. Notes the well is now awaiting tie-in as the flowline connecting in to the Moftinu gas plant has been completed and requires final pressure testing.

----------

Bezant Resources PLC - copper-gold exploration and development company - Begins diamond drill testing at its Kalengwa exploration project area in Zambia. Notes the maiden 800 metre programme will test the first two priority exploration targets based on review of extensive historic exploration datasets. Says target Kalengwa SW2 shows strong magnetic and copper geochemical anomalies that straddle the major Kalengwa Lineament structure 2.5 kilometres southwest from a former mine and target Minemba is located on a structural "mirror image" of the Kalengwa mine setting just 4 kilometres distant, with a coincident copper geochemical anomaly. Says it has signed a drill contract and a rig will be mobilised soon.

----------

Greatland Gold PLC - precious and base metals exploration and development in Western Australia and Tasmania - Says initial 2021 work programme for the Juri gold-copper joint venture with Australia-based Newcrest Mining Ltd includes drilling of several targets within the Paterson Range East and Black Hills licences. Adds it has identified multiple additional targets within the Juri JV following analysis of results of a airborne electromagnetic survey and further geological interpretation of regional aeromagnetics. Notes exploration work at the Juri JV is focussed on the discovery of intrusion related gold-copper deposits similar to Havieron, Telfer and Winu.

----------

United Oil & Gas PLC - oil and gas explorer - Says preliminary results form its ASH-3 development well at the Abu Sennan project in Egypt show a maximum rate of 7,720 barrels oil equivalent per day, comprising 6,379 barrels of oil per day and 6.7 million cubic feet per day from the Alam El Bueib reservoir during well-testing

----------

Red Rock Resources PLC- gold explorer in Kenya and Australia, copper-cobalt in DRC - Says mineral resource estimate at Mikei Gold Project in Kenya is 15.13 million tonnes at 1.49 grams per tonne of gold, with contained metal content of 723,000 ounces of gold. "We now have the opportunity to build on this solid base and it is our belief that the potential for expansion at and around Mikei is strong," says Chair Andrew Bell.

----------

Golden Rock Global PLC - special purpose acquisition company eyeing buy in fintech sector - Raises GBP200,000 through the subscription for 3.2 million shares at GBP0.0625 each and will use the capital for "much-needed" additional working capital which will extend the period during which it is able to continue to seek an acquisition. Separately, says non-executive directors Feng Chen and Bin Shi resign effective immediately, but does not give the reason why.

----------

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
17 Aug 2020 10:43

IN BRIEF: Red Rock Updates On Virus Impact; Secures Kenya Renewals

IN BRIEF: Red Rock Updates On Virus Impact; Secures Kenya Renewals

Read more
16 Jul 2020 21:28

IN BRIEF: Red Rock And Power Metal Update On Blue Ribbon Project

IN BRIEF: Red Rock And Power Metal Update On Blue Ribbon Project

Read more
8 Jul 2020 18:06

IN BRIEF: Red Rock's Jupiter Mines And Joint Venture Advance Assets

IN BRIEF: Red Rock's Jupiter Mines And Joint Venture Advance Assets

Read more
24 Jun 2020 14:37

IN BRIEF: Red Rock Joint Venture Changes Licence Obtaining Strategy

IN BRIEF: Red Rock Joint Venture Changes Licence Obtaining Strategy

Read more
3 Jun 2020 11:52

UK TRADING UPDATE SUMMARY: Integumen Kicks Off Covid-19 Skin Trials

UK TRADING UPDATE SUMMARY: Integumen Kicks Off Covid-19 Skin Trials

Read more
20 May 2020 06:59

Power Metal Applies For New Licences In Victoria Goldfields

Power Metal Applies For New Licences In Victoria Goldfields

Read more
4 May 2020 15:42

UK EXECUTIVE CHANGE SUMMARY: Scapa Healthcare, Industrial Heads Resign

UK EXECUTIVE CHANGE SUMMARY: Scapa Healthcare, Industrial Heads Resign

Read more
4 May 2020 12:27

Red Rock Resources And Power Metal Expand Australia Joint Venture

Red Rock Resources And Power Metal Expand Australia Joint Venture

Read more
29 Apr 2020 14:49

Power Metal And Red Rock Launch Australian Gold Joint Venture

Power Metal And Red Rock Launch Australian Gold Joint Venture

Read more
14 Apr 2020 13:24

UK TRADING UPDATE SUMMARY: Companies Cut Pay To Mitigate Virus Impact

UK TRADING UPDATE SUMMARY: Companies Cut Pay To Mitigate Virus Impact

Read more
31 Mar 2020 16:13

Red Rock Resources Swings To Interim Profit, Well Adapted For Covid-19

Red Rock Resources Swings To Interim Profit, Well Adapted For Covid-19

Read more
25 Mar 2020 11:51

UK TRADING UPDATE SUMMARY: IG Design And Others Warn Of Covid-19 Hits

UK TRADING UPDATE SUMMARY: IG Design And Others Warn Of Covid-19 Hits

Read more
11 Mar 2020 06:58

Red Rock Awaiting Quotes For Geophysical Work On Luanshimba License

Red Rock Awaiting Quotes For Geophysical Work On Luanshimba License

Read more
25 Feb 2020 14:53

Red Rock Resources Eyeing Up New Drilling Programme At DRC Project

Red Rock Resources Eyeing Up New Drilling Programme At DRC Project

Read more
7 Jan 2020 11:15

Red Rock Investee Completes Concept Study As Part Of Tshipi Expansion

Red Rock Investee Completes Concept Study As Part Of Tshipi Expansion

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.