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 Regulatory 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: 0.0525
High: 0.0562
Low: 0.0525
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

Update

5 Feb 2019 13:23

RNS Number : 1474P
Red Rock Resources plc
05 February 2019
 

Red Rock Resources PLC

("Red Rock" or the "Company")

Update

 

5 February 2019

Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and minerals, announces an update.

· First phase of work at Musonoi Cu/Co mine at Kolwezi, DRC, concluded

· Data from 83 old drill holes, 9 cross sections, and open pit shell digitised

· Recreated and modelled historic orebody at 2.5% Cu and 1% Cu cut offs

· Seeking old core to resample

· Consultants to advise on bringing mineralisation to JORC Resource category

Democratic Republic of Congo

Further to the announcement of 30 January 2019, the Company has concluded the first phase of work on the Musonoi license (Permis d'Exploitation no. 4962) that forms one of the assets of its Copper/Cobalt Joint Venture. Historic data including 83 old drillholes and nine cross sections on the property have been obtained from Gécamines and digitised, enabling the Company to recreate the historic orebody and open pit outline.

3-D models were then created, and the old high grade upper orebody and lower orebody modelled, mineralisation calculated, and depletion from historic mining calculated.

Models and tables for in situ mineralisation, both at the original Gécamines 2.5% copper cut-off grade and at a 1% cut-off grade, were then derived.

The information and calculations will now be given to external resource consultants to assess, with results from any core that the Company is able to identify and re-test. The consultants will then advise on any further work required for them to calculate a Resource compliant with the Joint Ore Reserve Committee (JORC) 2012 Code for calculating Mineral Resources and Reserves.

Red Rock Chairman Andrew Bell comments: "The derivation of a 3-D model that appears to support some of the assumptions on which we invested is an important staging post on our journey. The next stage of interpretive work is still more important, because it will give us grade and tonnage information we can share with the investing public. We aim to start work on this immediately."

Competent Person Statement

The technical and related information in this report relates to exploration results based on information from third parties and data compiled by Steffen Kalbskopf Pr.Sci.Nat, FGSSA and Barry Kazadi (MSc), Pr.Sc.Nat, MGSSA. who are members of the South African Council for Natural Scientific Professions. Mr. Kalbskopf and Mr Kazadi have sufficient experience in the style of mineralisation and type of deposit under consideration. Mr. Kalbskopf and Mr Kazadi consent to the inclusion in this announcement of the matters based on their information in the form and context in which it appears. Mr Kazadi is a managing Director of Mineral Exploration Associates SARL Consultants (Minex Consulting) to the Company. Mr Kalbskopf is a self-employed consultant and managing director of Hidden Treasure Consulting and a senior associate of Minex Consulting, both independent of Red Rock.

For further information, please contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Jason Robertson 0207 374 2212 Broker First Equity Limited  

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDXELFBKLFFBBE
Date   Source Headline
29th Apr 20248:19 amRNSUpdate
22nd Apr 20247:00 amRNSIssue of Equity, Directors' Dealings and TVR
11th Apr 20247:00 amRNSIssue of Equity
5th Apr 20247:00 amRNSDRC and Gold Assets Update
28th Mar 20247:00 amRNSHalf-year Report
13th Mar 20247:59 amRNSConditional agreement, Australian gold subsidiary
6th Mar 20247:00 amRNSDRC and Gold Assets Update
27th Feb 20247:00 amRNSCo-operation in Next Phase at Bilbale
20th Feb 20243:26 pmRNSHolding(s) in Company
19th Feb 20247:00 amRNSResult of AGM
14th Feb 202412:21 pmRNSDRC and Australia Gold Asset Update
7th Feb 20246:10 pmRNSHolding(s) in Company
5th Feb 20243:45 pmRNSDRC Arbitration Process Continues
2nd Feb 202410:24 amRNSAppointment of Consultant
24th Jan 20242:03 pmRNSReplacement: West African Gold Licences Update
24th Jan 20247:00 amRNSCentral and West African Assets
19th Jan 20247:00 amRNSNotice of AGM
20th Dec 20237:00 amRNSFinal Results
15th Dec 20232:05 pmRNSHolding(s) in Company
14th Dec 20237:00 amRNSIssue of Equity, Total Voting Rights
12th Dec 20231:27 pmRNSHolding(s) in Company
11th Dec 20234:53 pmRNSIssue of Equity and Update
28th Nov 20237:00 amRNSWest African Gold Licences - Update
17th Nov 20235:25 pmRNSResult of Meeting
15th Nov 20232:09 pmRNSLithium Update - Exports
14th Nov 20233:03 pmRNSAsset review - current developments
1st Nov 202312:07 pmRNSNotice of GM
19th Oct 202312:00 pmRNSConvertible Loan Note Issue: first tranche closing
13th Oct 20233:12 pmRNSCentral Africa Update and comment on share price
20th Sep 20237:00 amRNSLithium Samples - Zimbabwe
4th Sep 20236:28 pmRNSHolding(s) in Company
31st Aug 20235:54 pmRNSTotal Voting Rights
22nd Aug 20233:50 pmRNSExercise of Convertible Loan Notes, TVR
18th Aug 20234:08 pmRNSLithium Update - Zimbabwe
7th Aug 20237:00 amRNSConvertible Loan Notes extension, conversion, TVR
2nd Aug 20232:21 pmRNSHolding(s) in Company
3rd Jul 20233:37 pmRNSLithium Update - Zimbabwe
3rd Jul 20232:34 pmRNSHolding(s) in Company
30th Jun 20234:03 pmRNSHolding(s) in Company
22nd Jun 20237:00 amRNSIssue of Equity and Total Voting Rights
21st Jun 20234:00 pmRNSHolding(s) in Company
21st Jun 202310:16 amRNSIssue of Equity and Total Voting Rights
20th Jun 20233:49 pmRNSHolding(s) in Company
19th Jun 20231:29 pmRNSResult of AGM
19th Jun 202312:30 pmRNSHolding(s) in Company
16th Jun 20234:00 pmRNSHolding(s) in Company
16th Jun 20232:57 pmRNSGrant of First Cote D'Ivoire Licence
15th Jun 202312:00 pmRNSLithium Update
2nd Jun 20233:27 pmRNSHolding(s) in Company
2nd Jun 20232:48 pmRNSNotice of General Meeting

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.