If you would like to learn more about future focusIR related events and roundtables, please submit your details 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)

Share Price is delayed by 15 minutes
Get Live Data
0.024    0.00 (0.00%)
Bid:
0.018
Ask:
0.03
Spread: 0.012 (66.667%)
Market Cap: £2.01m
RRR Live PriceLast checked at - London Stock Exchange

Intraday Red Rock Resources Share Chart

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
4th Feb 20194:40 pmRNSSecond Price Monitoring Extn
4th Feb 20194:35 pmRNSPrice Monitoring Extension
4th Feb 20192:05 pmRNSSecond Price Monitoring Extn
4th Feb 20192:00 pmRNSPrice Monitoring Extension
1st Feb 20195:29 pmRNSHolding(s) in Company
30th Jan 20197:00 amRNSUpdate
2nd Jan 20191:18 pmRNSConvertible Loan Notes
27th Dec 20184:07 pmRNSHolding(s) in Company
21st Dec 20186:24 pmRNSHolding(s) in Company
21st Dec 201810:33 amRNSReplacement: exploration results at Luanshimba
20th Dec 20183:55 pmRNSExploration results at Luanshimba
19th Dec 20181:27 pmRNSResult of AGM
19th Dec 20187:00 amRNSUpdate on Jupiter Mines
19th Dec 20187:00 amRNSCobalt/Copper Joint Venture - Congo
11th Dec 20182:52 pmRNSHolding(s) in Company
23rd Nov 20182:34 pmRNSAnnual Financial Report 2018
22nd Nov 201811:59 amRNSCobalt/Copper Joint Venture - Congo
7th Nov 20184:34 pmRNSHolding(s) in Company
5th Nov 20181:04 pmRNSHolding(s) in Company
2nd Nov 20187:00 amRNSRenewal of Convertible 10% Loan Notes
30th Oct 20185:22 pmRNSHolding(s) in Company
22nd Oct 20187:00 amRNSSettlement of Legal Proceedings
17th Oct 20187:00 amRNSExploration Programme for copper and cobalt in DRC
12th Oct 20187:00 amRNSReceipt of Dividend from Jupiter Mines
28th Sep 201812:26 pmRNSHolding(s) in Company
28th Sep 20187:00 amRNSUpdate
17th Sep 20187:00 amRNSDividend declaration by Jupiter Mines
30th Aug 201812:25 pmRNSUpdate on JV Agreement to develop tailings
2nd Aug 20184:57 pmRNSHolding(s) in Company
23rd Jul 20187:00 amRNSCommercial Ferrosilicon Production at Steelmin
20th Jul 20181:04 pmRNSHolding(s) in Company
18th Jul 20185:13 pmRNSHolding(s) in Company
5th Jul 20182:59 pmRNSHolding(s) in Company
4th Jul 20181:31 pmRNSHolding(s) in Company
18th Jun 201811:22 amRNSAnnouncement by Jupiter Mines
15th Jun 20187:00 amRNSProgress Report - African Exploration Assets
7th Jun 20182:22 pmRNSColombia Update
6th Jun 20184:44 pmRNSHolding(s) in Company
30th May 20187:00 amRNSSteelmin Update
1st May 20186:16 pmRNSTotal Voting Rights
30th Apr 20186:34 pmRNSJupiter Mines - Preliminary Results
20th Apr 20185:53 pmRNSExercise of Warrants and Total Voting Rights
19th Apr 20184:29 pmRNSHolding(s) in Company
17th Apr 20184:01 pmRNSHolding(s) in Company
17th Apr 201810:45 amRNSJupiter - Listing Update &Tshipi Year End Results
17th Apr 20187:00 amRNSJupiter Mines - ASX Listing
13th Apr 20181:44 pmRNSExercise of Warrants and Total Voting Rights
6th Apr 20187:00 amRNSIssue of Shares under Share Incentive Plan
3rd Apr 20185:02 pmRNSTotal Voting Rights
29th Mar 20187:00 amRNSProgress report of Cobalt Project due Diligence

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.