focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 0.05
Bid: 0.04
Ask: 0.06
Change: 0.00 (0.00%)
Spread: 0.02 (50.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.05
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
26th Jul 20217:00 amRNSDirectorate Change
30th Jun 20215:47 pmRNSTotal Voting Rights
30th Jun 20219:34 amRNSDrilling contract awarded at Mikei Gold Project
29th Jun 20217:00 amRNSDrill Programme at DRC Copper-Cobalt Project
22nd Jun 20212:40 pmRNSHolding(s) in Company
10th Jun 20214:19 pmRNSHolding(s) in Company
4th Jun 20217:00 amRNSExercise of Warrants and Total Voting Rights
25th May 20217:00 amRNSDrill Programme to start at DRC Prospect
14th May 202111:55 amRNSInvestee update - Juno Minerals
10th May 20217:00 amRNSInvestee Entity Update - Elephant Oil Limited
30th Apr 20215:38 pmRNSTotal Voting Rights
29th Apr 20213:00 pmRNSUpdate: Australia
23rd Apr 20211:00 pmRNSAustralian JV - Update on Exploration
20th Apr 20215:54 pmRNSIssue of Equity, Exercise of Warrants and TVR
19th Apr 20213:59 pmRNSIssue of Equity, Warrant Exercise and TVR
16th Apr 20217:00 amRNSIssue of Equity, Exercise of Warrants and TVR
13th Apr 20217:00 amRNSIssue of Shares, Directors' Dealings, TVR
9th Apr 20211:49 pmRNSIssue of Equity and TVR
8th Apr 20212:46 pmRNSPower Metal Resources Announcement
31st Mar 20216:09 pmRNSTotal Voting Rights
30th Mar 20214:24 pmRNSReplacement: Half Year Report
30th Mar 202111:49 amRNSHalf-year Report
22nd Mar 20217:00 amRNSCompletion and issue of shares and warrants
19th Mar 20211:10 pmRNSResult of Meeting
18th Mar 20214:41 pmRNSSecond Price Monitoring Extn
18th Mar 20214:35 pmRNSPrice Monitoring Extension
18th Mar 20212:06 pmRNSSecond Price Monitoring Extn
18th Mar 20212:00 pmRNSPrice Monitoring Extension
18th Mar 202111:06 amRNSSecond Price Monitoring Extn
18th Mar 202111:00 amRNSPrice Monitoring Extension
17th Mar 20217:00 amRNSAustralia update
1st Mar 20215:00 pmRNSNotice of GM
1st Mar 20214:47 pmRNSKansai - completion of purchase
1st Mar 20217:00 amRNSAustralian Joint Venture - Update
26th Feb 20215:30 pmRNSTotal Voting Rights
23rd Feb 20211:03 pmRNSMineral Resource Update
18th Feb 20219:44 amRNSAnnouncement by Jupiter Mines Ltd
12th Feb 20213:40 pmRNSResult of AGM
12th Feb 20217:00 amRNSFinancing to raise £1,000,000
9th Feb 202111:47 amRNSGeophysics Programme Report at DRC
3rd Feb 20212:00 pmRNSAustralian JV - exploration begins
3rd Feb 20219:05 amRNSSecond Price Monitoring Extn
3rd Feb 20219:00 amRNSPrice Monitoring Extension
2nd Feb 20219:44 amRNSReplacement: Australian JV Grant of First Licenses
2nd Feb 20218:03 amRNSAustralian JV - Grant of First Licenses
21st Jan 20217:58 amRNSIPO of Juno Minerals Limited
8th Jan 20214:00 pmRNSNotice of AGM
8th Jan 20217:00 amRNSOn-line Q&A Session
6th Jan 20214:41 pmRNSSecond Price Monitoring Extn
6th Jan 20214:35 pmRNSPrice Monitoring Extension

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.