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Update on certain transactions

22 Sep 2025 14:51

RNS Number : 2953A
Red Rock Resources plc
22 September 2025
 

Red Rock Resources PLC

("Red Rock" or the "Company")

Update on Certain Transactions

 

22 September 2025

 

Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia announces an update on the sale reported on 12th September 2025 (the "Sale") and the rescheduled purchase payment announced on 21st July 2025 and due to be paid to Power Metal Resources PLC on 19th September 2025 (the "POW payment")..

The cash component of the consideration for the Sale has been duly received by the Company and the POW payment has been duly made.

Red Rock Chairman Andrew Bell comments: "The potential sale of certain gold assets in Ivory Coast, in respect of which the Company received exclusivity payments, is finalising documentation and assuming the parties remain ad idem as to indicative terms would be ready for execution shortly. Given the rise in the gold price, the Company would in any case be unlikely to extend exclusivity beyond mid-October.

The Company also is expecting to be in a position to provide an update as to developments in the DRC and other progress."

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

 

For further information, please contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

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

Bob Roberts 0203 8696081 Broker Clear Capital Corporate Broking

 

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

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