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Company Information for Red Rock Resources Plc

Company stock charts - 12 Month chart

Exchange AIM; RRR


View full financial data

Company Statement

Red Rock Resources listing in July 2005 and is focused on high grade manganese and iron ore: the 695 sq km Oakover tenements in the East Pilbara Manganese Province in Western Australia (WA), and 619 sq km of haematite and magnetite prospective ground in WA and Tasmania including the Mt Ida and Mt Alfred tenements.

RRR later acquired additional 2,227 sq km of tenements in the Northern Territory (NT) of Australia. These contained further iron ore mineralization and manganese targets, but also significant uranium and gold occurrences on which previous exploration had been carried out.

RRR in December 2005 extended its uranium portfolio to include two significant licenses totaling 459 sq km in Malawi, with a further license under application.

RRR in May 2006 acquired a license covering a significant high grade manganese deposit in Mkushi, Zambia.

In August 2007 Red Rock completed a deal with Retail Star Ltd (RSL) whereby it sold its Uranium portfolio to RSL, an ASX listed Company. As a result Red Rock has the largest single shareholding in RSL, and management control through their appointment of a highly qualified Managing Director and control of the board. More importantly RSL has Au$2m in cash that will be used toward continuing exploration on the properties, and so creating more shareholder value.

The company’s focus therefore is now back on manganese, iron ore, and gold. The company is exploring the possibility of enlarging and separately funding its gold portfolio, in order to further concentrate its funds on moving to early bulk production and sales of manganese. 


Current Operations

Project-Celia (Australia: Uranium)

  • In heart of Rum Jungle uranium field in WA
  • Known uranium targets
  • Magnesite resource established
  • Gold occurrences

Project-Chintheche (Malawi: Uranium)
  • U3O8 prospectivity of Malawi - Kayalekere deposit (now Paladin Resources Ltd)
  • Identified as target by Hunting Geophysics survey
  • Highly anomalous radiometric anomaly (U+KTH+)
  • Ground magnetics and spectrometer surveys recommended

Project-Chiwefwe (Zambia: Manganese)
  • Significant high grade Manganese resource defined in Zambia
  • Apparent hydrothermal replacement deposit within fault
  • Exploration continues with drill programme
  • Existence of required infrastructure will impact project economics favourably

Project-Daly River (Australia: Iron Ore)
  • Well-known iron occurrence in NT
  • Extensive boulders and outcrops
  • Resources estimated at 126m tons in 1967-8 drilling programme
  • Little follow-up work

Project-Hayes Creek South (Australia: Iron Ore)
  • Undrilled structural corridor on Hayes Creek Fault in NT
  • Iron-carrying breccia zones exposed over several hundred metres
  • Exposed cliff of massive haematite
  • Rock chips up to 57.3% Fe and 37.1% Mg, with up to 15 g/t Au
  • Possible uranium

Project-Machinga (Malawi: Uranium, Niobium, Thorium)
  • Known niobium, thorium and uranium mineralization occurrences in Malawi
  • Covers two highly radioactive zones at Chinduzi and Machinga

Project-Marrakai (Australia: Uranium)
  • In Rum Jungle Uranium Field in NT
  • Previous exploration for uranium, gold, base metals
  • Iron expressions at surface and possible Frances Creek type structure

Project-Mount Alfred (Australia: Iron Ore)
  • In Yilgarn in WA
  • Direct shipping grade haematite prospect
  • 15 km of target BIF mineralisation

Project-Mount Hope (Australia: Iron Ore)
  • Haematite prospect in Yilgarn in WA
  • Under option to Jupiter Mines
  • Share, cash and royalty agreement on exercise

Project-Mount Ida (Australia: Iron Ore)
  • Haematite prospect in Yilgarn in WA
  • Under option to Jupiter Mines
  • Share, cash and royalty agreement on exercise

Project-Oakover (Australia: Gold, Manganese)
  • 90% manganese used for steelmaking
  • Strong demand from Chinese and Indian steel industries foreseen
  • Australia became largest producer in 2004
  • East Pilbara an established producer with growing capacity and well placed to meet regional demand
  • Red Rock has major acreage position in prospective areas
  • Sampling of Red Rock tenements has given some high grade results
  • 591 ppb Au in streams indicates unexplored gold potential

Project-Savage River North/Arthur River (Australia: Iron Ore)
  • Strong demand from Chinese steel industry
  • Growing demand for magnetite ore
  • Established production from magnetite lenses in adjacent Savage River Iron Mine
  • Good road infrastructure at Arthur River
  • Savage River North hosts strike extensions of Savage River mineralisation
  • Aeromagnetic data confirms continuity of highly magnetic trend through Red Rock tenements
  • Prospectivity for other minerals

Project-Woolgni/Edith River (Australia: Gold, Uranium)
  • Australia and Canada two major uranium exporters
  • Northern Territory historically important uranium producer
  • Four uranium projects identified on part of license and explored in 1950s
  • Disseminated mineralization over wide area
  • 0.1-0.2% average surface grades
  • Recommended follow-up never carried out
  • High grade gold trenching and rock sampling results at different prospects at Woolgni indicating up to 31 g/t gold


Geographical Spread

Australia, Malawi and Zambia


Board of Directors and Key Management

Andrew Bell, MA, LLB Chairman
Kenneth Watson Managing Director
John Watkins, FCA Non-executive Director
Robert Weicker, BSc Non-executive director
Michael Nott, MSc Directo

Company Address

115 Eastbourne Mews
London, United Kingdom W2 6LQ

Telephone:+44 20 70995840
Facsimile:+44 20 70995841
Website:http://www.rrrplc.com

Year End

30th June

Nominated Brokers

Simple Investments
1 High Street
Godalming
Surrey GU7 1AZ UK

Nominated Advisors

ARM Corporate Finance Limited
12 Pepper Street
London E14 9RP UK

Major Shareholders

Regency Mines Plc. 43.8%
Sunvest Corporation Limited 3.4%
Pershing Keen Nominees Limited 7%
Public 45.8%

Related News

29/04/08 - Red Rock Resources Is Looking To Act As An Iron Ore Consolidator In The Yilgarn District Of Western Australia
24/10/07 - Red Rock Resources Hoping To Make It With Manganese
05/06/07 - Red Rock Resources Divesting Other Interests To Focus On Manganese Production in Zambia

Most Recent Statement

24/07/08 - Investment in Africa China Mining Corporation
18/07/08 - Exploration Update - Mozambique
10/07/08 - Update on Retail Star Limited
25/06/08 - FURTHER INCREASE IN RED ROCK/PALLINGHURST’S COMBINED HOLDINGS IN JUPITER MINES
23/05/08 - Holding in Jupiter Mines Limited
21/05/08 - Increased Holding in Jupiter Mines Limited

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