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IN BRIEF: Red Rock, Power Metal JV Submits New License Application

Thu, 27th Aug 2020 17:26

Red Rock Resources PLC - natural resources development firm with assets in Kenya, Australia and Democratic Republic of Congo - Says research by Red Rock Australasia Pty Ltd, its joint venture with Power Metal Resources PLC, leads to targets being identified across the western and southern boundaries of EL007329, one of the joint venture's eleven application areas in the Central Victoria Goldfields, and an application has been submitted for a further tenement, EL007460. The new application covers an area of 349 square kilometres. Red Rock Resources holds 50.1% of the joint venture, and Power Metal the remaining 49.9%.

Current stock price: 0.785 pence

Year-to-date change: up 85%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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