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Update re Jupiter Mines

14 Oct 2010 08:46

RNS Number : 3788U
Red Rock Resources plc
14 October 2010
 



RED ROCK RESOURCES PLC

Update re Jupiter Mines

Dated: 14 October 2010

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed and uranium, reports on progress at Jupiter Mines Ltd's Tshipi Kalahari Manganese Project ("Tshipi") and on Jupiter's Mt Ida Project. Red Rock has 83,794,165 shares in Jupiter Mines Ltd (ASX: JMS; "Jupiter"), a 22.64 per cent shareholding which will reduce to 5.23 per cent on completion of Jupiter's acquisition of a 49.9 per cent interest in Tshipi.

Jupiter today released an update on its Tshipi acquisition and announced an exploration update on its Mt Ida project.

Closing of the Tshipi acquisition is imminent with the approval of the transfer of the Tshipi Bokone prospecting permit now approved by the Department of Mineral Resources. A Tshipi manager has also been appointed. On completion of the acquisition of its 49.9 per cent stake in Tshipi, Jupiter will have 1,602,150,501 shares in issue, capitalising Jupiter at approximately A$528 million at its closing price today of A$0.33 per share.

At Mt Ida, Jupiter announced:

·; Structural mapping completed over the Mt Ida Banded Iron Formation

·; The 11,000 metre RC drill program is approximately 70% complete

·; Davis Tube Recovery Testwork on the first seven drill holes have been completed

·; Concentrate weight recoveries of up to 52% and grades of 69% FE being achieved

·; Targeting 400Mtonnes of JORC compliant inferred resource by year end.

The full text of the announcements, together with a presentation on Jupiter's steel feed corporation, may be accessed via http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=JMS

Enquiries:

Andrew Bell

 

 

0207 402 4580 or 07766 474849

 

 Red Rock Resources plc

Chairman

Sandra Spencer

 

0207 402 4580 or 07757 660 798

 

Red Rock Resources plc

Public and Investor Relations

Peter Trevelyan-Clark/ Ben Jeynes

 

020 7444 0800

Religare Capital Markets

Nominated Adviser

Nick Emerson

 

01483 413500

Simple Investments Ltd

Broker

 

Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUSABRRKARARA
Date   Source Headline
4th May 20207:00 amRNSHolding(s) in Company
4th May 20207:00 amRNSChange of Board Role
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14th Apr 202010:02 amRNSRe-start of production at Jupiter Mines
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31st Mar 202010:58 amRNSTotal Voting Rights
31st Mar 20207:00 amRNSHalf-year Report
25th Mar 20205:20 pmRNSHolding(s) in Company
25th Mar 202010:05 amRNSImpact on COVID-19 Pandemic
20th Mar 202011:53 amRNSUpdate on admission of shares
12th Mar 20204:44 pmRNSSecond Price Monitoring Extn
12th Mar 20204:37 pmRNSPrice Monitoring Extension
10th Mar 20206:00 pmRNSUpdate on Central Africa and Issue of Equity
25th Feb 20207:00 amRNSDRC Copper and Cobalt Exploration Update
7th Feb 20203:03 pmRNSHolding(s) in Company
3rd Feb 20205:35 pmRNSHolding(s) in Company
29th Jan 20203:56 pmRNSResult of AGM
7th Jan 20207:00 amRNSJupiter Mines - Update
31st Dec 201911:01 amRNSHolding(s) in Company
24th Dec 20197:00 amRNSFinal Results
17th Dec 20194:58 pmRNSRenewal of Convertible Loan Notes
31st Oct 201911:04 amRNSJupiter Mines - update and dividend declaration
30th Oct 20197:00 amRNSAppointment of Corporate Broker
23rd Oct 201911:44 amRNSHolding(s) in Company
19th Sep 20197:00 amRNSUpdate on Kenyan Interests
9th Sep 20197:00 amRNSJupiter Mines - Update
2nd Aug 201912:25 pmRNSJupiter Mines - Update
12th Jul 20194:40 pmRNSSecond Price Monitoring Extn
12th Jul 20194:35 pmRNSPrice Monitoring Extension
3rd Jun 20197:00 amRNSHolding(s) in Company
29th May 20196:27 pmRNSHolding(s) in Company
28th May 20192:26 pmRNSHolding(s) in Company
23rd May 20199:01 amRNSJupiter Mines update
1st May 20192:58 pmRNSTotal Voting Rights
30th Apr 20191:36 pmRNSJupiter Mines - Update
30th Apr 20197:00 amRNSHolding(s) in Company
23rd Apr 20196:25 pmRNSIssue of Equity
12th Apr 20194:10 pmRNSHolding(s) in Company
29th Mar 20197:00 amRNSHalf-year Report
26th Mar 20192:06 pmRNSJupiter Mines - strategic review of iron ore
11th Mar 20192:58 pmRNSHolding(s) in Company
6th Mar 201912:03 pmRNSCobalt/Copper Joint Venture - Congo
19th Feb 20193:02 pmRNSDividend Announcement by Jupiter Mines
13th Feb 20192:05 pmRNSHolding(s) in Company
12th Feb 20197:00 amRNSAnnouncement by Jupiter Mines
7th Feb 20194:42 pmRNSDirector/PDMR Shareholding
5th Feb 20191:23 pmRNSUpdate
4th Feb 20194:40 pmRNSSecond Price Monitoring Extn
4th Feb 20194:35 pmRNSPrice Monitoring Extension

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