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On Wed, 12 June 2024, RRR met the deadline of the deal in which POW will see 49.9% of New Ballarat Gold Corp to RRR.

RRR had 50.1% so they are the operator. RRR also mentioned that they are now again in discussions with a 3rd party in relation to potentially list at another venue kinda of thing. Further , TECHNICAL work commissioned etc will also be released in due course. [Please check above this page for the detailed RNS verbatim]. RRR new name for the potential IPO is "SUNDAY CREEK GOLD.". One would guess the potential IPO is at the ASX given both PoW and RRR agreed to extend the deal AFTER THE ASX OPENED on Mon, after their holiday.

WHAT IS NEW?

Southern Cross Gold, ASX who own Sunday Creek gold project REVEALED that the SUNDAY CREEK TREND is = moving W E S T == Moving West is to ===RRR 100% KILMORE & KILMORE WEST. RRR had commissioned a NE43-101 and a Teck Geo Report [Pow did 1 of their own as well on West Kilmore DONNYBROOK GOLD field @120g/t gold to determine IF the Sunday Creek Trend E X T E N D E D into Kilmore-Kilmore West. Per Paul Johnson, 1st PASS historical stated YES due to the DONNYBROOK gold mine @120g/t gold. RRR's Teck Geo Report, pg 1 showed the Sunday Creek trend DID EXTEND into Kilmore.

NEW GEO MAP - DL RELEASED UPON REQUEST [RE-TWEETED BY RRR]:

This is the new Geo Map to see: [1] D Y K E S donated by purple ticks [2] DYKE SWARMS INTERPRETATION in grey. [3] The Dyke Swam interpretation LOOKS LIKE A CURVED 1/2 LOOP from SXG Sunday Creek into RRR 100% KILMORE-KILMORE WEST. [4] With the eye, ==IT LOOKS LIKE THE DYKE SWARM INT IS AS LARGE @RRR 100 VS SXG SUNDAY CREEK!!! [5] One can see at SXG Sunday Creek, it is CONCENTRATED at RISING SUN, higher grade [Going West to RRR Kilmore] & APOLLO [lower grade]. [6] In the new Geo RRR map, it shows DONNYBROOK AVERAGE GRADE 142 g/t gold. BIG==DIFFERENCE between 120g/t gold via Paul's historic data and the new AVERAGE 142g/t gold. Fosterville's average grade is 31g/t gold@2.72moz gold [Fosterville mine]. Sunday Creek historical grade 33 g/t au gold.!! The current SXG Sunday Creek average grade is not yet known until drilling ends to obtain grade from composite drilling grades.

CONCLUSION: I read 1 comment from an Aussie in that they reckon that SXG'S MKT CAP OF OVER A$500M HAS NOW TAKEN IN the 2 deposits and there is NOTHING ELSE ie main 2 deposits. HOW CAN THERE BE LOOKING AT THE MAP AND WHAT THE CEO OF SXG IN RECENT TIMES SAID: SUNDAY CREEK TREND ========***MOVING WEST****===, SO YAH, HE CANT PRODUCE ANY FURTHER RISING SUN'S LoL. This was what DL / A.Bell realised in recent times and hence why the RRR Geo's were asked to do further tech work and DL SHOWED THE NEW GEO MAP above.

SXG SUNDAY CREEK: EXPLORATION TARGET: 1.6MOZ gold inc equivalent @antimony.

This is the pickle. Sunday Creek @SXG is NOT AS BIG AS FOSTERVILLE @2.72MOZ at 31 g/t gold.!!! So, the Aussie reckons that their project at Sunday Creek@SXG cant grow any further ? Well, RRR KI

Here is the video from Pierre Lassonde posted on the Southern Cross Gold Twitter a/c:

https://twitter.com/SouthernCrossG3/status/1780777792151626219 dated 18 Apr 2024.

"Pierre Lassonde talks SXG!!!.. people that I trust AND GEOLOGY THAT IS GIVING. I like the management, they really know what they are doing.""Watch from the 52:20 min mark." -Tweeted by Southern Cross.

The above is due to the comment on this forum about PoW selling their 49.9% share to RRR Australia.

"Following TECHNOLOGICAL developments in the 2000's, deposits such as FOSTERVILLE began once again mined, with underground operations as deep as 2016, EXPLORATION drilling at Fosterville led to the DISCOVERY of the PHENIX zone, where -------COar#se VISIBLE gold in QUARTZ carbonate VEINS were constantly intercepted. 15.1m@1,429 g/t au gold, 12.5m @500g/t au & 19m @112.g/t au. With the HIGH GRADE zone being defined, an upgraded mineral resource of an additional 66% was developed with further exploration upside still to go."

"This gives experienced geo's to undertake DETAILED desk-top studies, where the new F O S T E R VI L L E- LIKE exploration can be applied. Pg 3 , shows Kilmore & Kilmore West ." [Corridor to Fosterville].

First Equity Broker Note, 6 Aug 2020 https://www.rrrplc.com/wp-content/uploads/2020/08/RRR_Broker_Research_06.08.2020_Final.pdf

Comment: Given Southern Cross Gold 'S SUNDAY CREEK next door to RRR Kilmore & Kilmore West, 14 mins away or 5miles coming to attention, I posted Pierre Lassonde's interview wherein he stated: "SUNDAY CREEK: FOSTERVILLE-LOOK ALIKE." This interview can be found on Twitter @Southern Cross Gold [2nd from top] from recall. Reason for posting above? This is in response to comment as to why PoW sold Kilmore & Kilmore West to RRR of their 49.9% per the CEO of PoW. Sunday Creek , Kilmore/West, Costerfiled & Fosterville are of the DEVONIAN age [ref: latest Southern Cross Gold presentation] vs Orcadian age for Ballarat & Bendigo an earlier age.

RRR DRC: I posted last night on RRR.GB.PL the EXACT VERBATIM from Clear Capital Broker Note @RRR wherein the litigation matter was mentioned. The $430m was cited in this note. Also, that RRR had taken LEGAL ADVICE on potential litigation outside the DRC. I am today, looking slowly thru so many RRR broker notes to find that A$20m I recall reading. As to the above, in short; SUNDAY CREEK PER PIERRE LASSONDE, FOUNDER OF FRANCO NEVADA is a "FOSTERVILLE LOOK-ALIKE" so that is from a billionaire and he has participated in [his own personal capacity via his own co ] SXG's of Oz's rights issue of A$10m recently. To check, see the SXG Ann/RNS. Kindly check.

Reference II:

RRR DRC: "Final Results 29 Dec 2022: Our pursuit of the lost benefit and of compensation for the DAMAGE does not end with VICTORY for the cases fought in the DRC. WE THEREFORE ALSO EXPECT TO BE ==INITIATING FURTHER ACTIONS to make whole and COMPENSATE the co & SHAREHOLDERS, and we shall announce this in due course.

We based that decision to START BY GETTING ==A RESULT IN THE CONGO== that would ==CONFIRM WE HAD RIGHTS there and THESE RIGHTS===============HAD NOT BEEN RESPECTED------****ON LEGAL A D V I C E." *** Having laid THESE FOUNDATIONS, we are now looking at OTHER REMEDIES===THAT MAY BE PURSUED ---***OUTSIDE THE DRC."***

Above is A.Bell, Chairman address. Broker: Roland Cornish, NOMAD, FIRST EQUITY, Broker & Joint Broker OvalX.

Red Rock Resources 's website posted a special section on all their broker reports.

From the CLEAR CAPITAL MARKET RESEARCH note, 29 Sep 2022:

https://www.rrrplc.com/investors/shareholder-information/broker-research/

Verbatim: "Pg 13/20 : RRR DRC : UNLAWFUL SALE OF JV ASSETS BY VUP: Moreover, at the same time that the assets of the JV were sold to Gecamines, Red Rock understands that they were ==SOLD ON==TO AN INTERNATIONAL MINING GROUP FOR $ 4 3 0 MILLION==.

It is reasonable to assume that if Red Rock still had the VALUABLE ASSET that was wrongly sold, this would underwrite a HIGHER valuation for the co ---and that as a result SHAREHOLDERS LOST OUT." Link: https://www.rrrplc.com/wp-content/uploads/2022/09/2022.09_Red_Rock_Resources_Plc_Clear_Capital_Markets_Research.pdf

"Pg 14/20: RRR owned 50.1% of the JV" in the DRC.

ZZZ

6:03

Acquisition accounting? New Ballarat Gold holds licences in the main. As such, PoW attributable 0.15p for RRR shares, 3x the current share price would have been supported by a external VALUATION REPORT. So, how does acquisition accounting come in? I quote: " Acquisition accounting is a set of formal rules describing how the assets, liabilities, non-controlling interest, goodwill of a PURCHASED co must be reported by the buyer ON ITS CONSOLIDATED STATEMENT of financial position." My point was only to state that it requires a valuation for the deal.

In short, you do not accept the First Equity Broker Report of 2023? Ah, that will have to be discussed for another time at a more suitable venue, perhaps with authorising body?

In terms of genuine shareholders of Red Rock Resources, there are very few here on this forum. From what I can see, there is only Maidit308, Helpful, Nike1980 and myself. As for robins & RichyRich1, they appear to be legacy holders?

The rest are non-holders but last night, the convo continued into the night but I was not here. This is due to a positive outcome of the closing of the above deal. I have read SP Angel's Morning View, 17 hrs ago in which they quoted Wade of POW who said that in consolidating NBGC into 1 hand will allow it to continue into further development kinda of thing.

On further thinking, I have decided that even with a retinue of group thinking, they still have NOT succeeded.

Posting to inform I will be watching given news is now on Twitter and if the group think they are correct, then why not post on Twitter given the audience is greater there? Not posting on Twitter and directing it direct to Mr Bell, Chairman of RRR who is on Twitter only means that they themselves dont believe what they are posting. Chairman of RRR is not here but on Twitter and he is free to tweet to. LoL. Drinking tea, reading polls and watching the Aussie market which is on right now. 14.6.24. Nothing much more to add since it is RRR 1 , Group 0.

----A.Bell, Chairman of RRR has delivered the above deal that closed yesterday, 12.6.24-------------

-The deal was struck at 0.15p for RRR and deal worth £1.5m for PoW to sell 49.9% of Oz asset to RRR.

-RRR now own 100% of Kilmore & Kilmore West, next door to Sunday Creek, Southern Cross Gold, Cap A$545m.

>RRR Mkt Cap £2:07m @0.05p.

>First Equity Broker Note latest available 2023 states:" £15m pre-money mkt cap."https://www.rrrplc.com/wp-content/uploads/2023/01/FEQ-Red-Rock-Resources-19-01-23-Buy-Note.pdf [Ref: New Ballarat Gold Corp if to list in London as the value assigned by them?].

Await next news. Please read the two RRR RNS of Mar 2024 and 12.6.24 referring to the New Ballarat Gold Corp deal with Pow and how RRR now owns 100% and free to list on any exchange. "Discussions" with a 3rd party per 12.6.24 RNS and awaited. DEAL HAD TO BE DELAYED to wait for ASX of Australia to open after Mon was a holiday, so everything had to wait for ASX.?

News, Thur, 13 June 2024. Ask Mr Bell on Twitter as he is available and not just read what the folks say since they are not shareholders per their own statement. Some just fly in, others are from PoW or wherever so for 3 years, they repeat.

It is now dusted and one looks forward to hearing about the listing on the ASX per what was stated in the RRR RNS of 12.6.24. Not sure , of course, what the "discussions" are at, but some idea must be known.

As for the posting from last night, it appears it so irked many that they couldnt sleep and posting went on into the night and 1st thing this morning ie early hrs of the morning.

Its carried on today and it would appear that others are not happy for RRR SHAREHOLDERS or RRR. Otherwise, there would be NO need for tons of posts that has taken all day to reply to. FACTS all there in the RRR-POW RNS of Mar 2024 and yesterday. Paul is no longer running Pow so that is now under Wade, the new CEO.

Suffice to say, on most forums, they have genuine shareholders and they want to discuss the co and the assets and where they are at. However, my posting count goes up just answering from declared non-shareholders of RRR who's objective is "disgruntled" per their own words? Disgruntled over what? Helpful said none were invested in RRR but from RGM. what has RGM got to do with RRR? LoL, best that A.Bell answers in time to come.? He is the Chairman, not any one of us.

If one wanted to insure things in one's house eg a painting by a well know painter or a watch, it has to be VALUED.

One has to obtain a VALUATION RECEIPT from a licenced firm able to do such valuation for insurance co's. If the article get taken , say, the valuation is already registered and filed with the insurers.

So, resident says RRR asked for 0.15p is again against M & A . Any Chartered Accountant from KPMG will know that. Like? All M & A has to be done by an independent investment bank and a valuation report issued for the co selling the asset. It will be needed especially so that it is fair value and NONE of the ...mentioned on this forum would then be repeated.

Ah, looks like it may be heading that way now about A.B. predicated on what I understand? It is 1 full circle again.? LoL

2nd poster has arrived with more AB stuff. LoL

---Fact 2:

RRR RNS of Wed, 12.6.24 stated that they are in "discussions" with a 3rd party relating to listing on an exchange.

So, the deal was extended to wait for ASX to open after Mon hol. So, one may assume or presume it is an ASX kinda of thing.?

That said, it is now FACT that it comes from a RNS from RRR, 12.6.24 and that it may suggest from logic and reason, RRR has MET THE THRESHOLD for listing otherwise what DISCUSSIONS [plural] can take place? So, the theory of threshold for ASX is not the deciding criteria so LEGALLY SUBSTANTIVE and therefore any missed info is not correct. Balanced it out with link to FIRST EQUITY broker note is relevant although they prep for a London IPO and valuation was given. So, valuation of a London IPO is a guide to give an idea. That will have to be matched in days to come to see ASX, AIM or London as a matter of interest only.

However, why a RRR poster on this forum is now telling tis and that, I am not sure why?

====Southern Cross IPO in mid 2022 with a mkt cap of A$32m. It raised to drill and the last raise was for A$10m to drill 60,,000 metres at Sunday Creek, Victoria. Australia. So, the principle being, that despite the raises, the market cap is NOW A$545 MILLION region and some A$2.81 region [IPO 20 Australian cents].

As DL pointed out RRR Kilmore & Kilmore West is WEST OF SUNDAY CREEK and a lot of attention is on Sunday Creek.

Of course, now two appear ....? , one from PoW and the other I am not sure is invested where? PoW can LEGALLY REVOKE THE DEAL but that must come via a legal letter. Of course, theory, text book style would suggest that any co revoking an agreement they signed appears to be breach of contract? Yes. No?

So, best to call Wade in as 1 poster from Pow is not satisfied that Pow signed and the 2 co's ie RRR & POW were NOT YET AWARE of the progress and spec drilling results and that it was HEADING WEST to RRR Kilmore & Kilmore West. RRR just made it over the line on 12.6.24. That folks appears to be what happened.? Yes. No? Just a discussion.

---------The LEGAL position of the New Ballarat Gold Corp Deal of RRR & POW-------------

The legal AGREEMENT was signed in Mar 2024 and conditional it closes on 12 June 2024 after due diligence from

RRR. So, in law, BOTH RRR & POW had NO NEW INFO at the date of the signing.

However, RRR had to ask for an EXTENSION [legal] of 1 day due to the ASX public holiday on Mon. Now, in the RRR RNS of 12.6.24, one knows why the ASX was the reason for the extension. RRR RNS stated that "DISCUSSIONS " are with a 3rd party in relation to a LISTING kinda of thing. No details given so one can presume it is Aussie broker/s or THE ASX itself - no one is privy. So, to me, it would appear that RRR was keen to secure some form of idea or whatever from the ASX or Aussie broker [who the 3rd party is, is not mentioned] as to the POTENTIAL OF AN ASX LISTING and I am sure the VALUATION was also discussed etc along with other data needed for a prelim at least. It would inc a NEW GEO REPORT and the GEO MAP shown by DL comes from RRR's GEO staff in Oz, not from PoW. So, in the days precedent to the deal closing deadline of 12.6.24, RRR LEARNT OF THE SXG SUNDAY CREEK RELEASES just out around that time and the CEO's interview plus other data coming out that POINTED TO WEST OF SUNDAY CREEK kinda of thing. WEST OF SUNDAY CREEK IS RRR 100% KILMORE & KILMORE WEST.

However, 2 posters on this forum appear very sore about RRR's PROVIDENCE and say tis and that. Well, PoW didnt know in Mar 2024 at the time of the signing nor did RRR. So, what case to bring now and say Bell this and that which cannot b e repeated as it falls into a certain category? How? DYOR. NIA. Thur, 3.6.24.

Let's see what Chairman Bell, RRR will say of these new ...from 2 posters here about the RRR RNS New Ballarat Gold Corp of Wed, 12 |June 2024. I cannot repeat any of it as it falls into a certain category. But it will have to be answered, not by me but by RRR itself due to the nature of the....Over.

Hmm, I wonder what Paul will think of all this.

Ooh, time to call in the experts LoL.

I suggest you fly in from Canada to the UK and take it from there. That is all I will say. Others are bored of this to and fro. Once posted, the posts cannot be deleted. English is obviously not quite understood between statements without links =evidence. Recall is something quite often done. Hotcopper rules: Because I have read the FIRST EQUITY BROKER REPORT ON VALUATION AND PROVIDED LINKS TO, there is no need to provide further links to AUSTRALIAN VALUATION for IPO. I DONT KNOW , NOR ANYONE ELSE. Why? That has not been released yet. FACT: Is the First Equity note not the 1st port of call in Britain for the value of any IPO? First Equity quoted London IPO>

Typo: Should read released.

FOR CLARITY AND AVOIDANCE OF DOUBT:

Chairman Bell, RRR did not DO THE VALUATION OF 0.15p for RRR shares in Exchange for PoW's 49.9% of New Ballarat Gold deal. IT WAS FROM POW and POW'S INVESTMENT BANK VALUATION that is normally required. Pow's bankers must prepare a valuation to accompany any M & A deals. Neither RRR or POW are involved in the official valuation done by an independent bank that is licensed. JUST TO CORRECT WRONG PERCEPTIONS.