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Company Information for Red Rock Resources Plc

Company stock charts - 6 Month chart

Exchange AIM; RRR


View full financial data

Company Statement

Red Rock Resources Plc is an exploration and mineral property investment company focused on the discovery and development of iron ore, manganese and uranium, both through exploration for, and exploitation of, mineral deposits, through the acquisition and disposal of interests in actual or potential mineral deposits or companies holding them in exchange for cash, securities, or royalty and other deferred interests, through buy-in agreements and joint ventures with such companies, and through public offerings of securities in subsidiary or associate companies. Its operations are located in Australia and South Eastern Africa. Red Rock Resources (AIM: RRR) listed on London’s AIM market in July 2005.

Red Rock’s iron ore activities are mainly based within Western Australia’s Yilgarn region, northwest of Kalgoorlie. The Yilgarn hosts significant iron ore horizons including a large Banded Ironstone Formation (BIF) which runs through Red Rock’s Mt Alfred property. The Yilgarn has direct rail links to the established port of Esperance to the south and also westward too. Red Rock holds alone or in joint venture significant shareholdings in other mineral exploration companies within the Yilgarn; Mindax Ltd (ASX: MDX) and Jupiter Mines Ltd (ASX: JMS).Red Rock and Pallinghurst Resources have proposed to sell its West Australia iron ore and manganese assets, and stake in Mindax to Jupiter Mines Ltd,a transactioon which would result in them obtaining control of Jupiter. The EGM vote is on 9th March.

Red Rock’s uranium interests are a 24% shareholding in Resource Star Ltd (ASX: RSL) which have assets in Australia’s Northern Territory as well as Malawi. Retail Star is run by Ian Scott, the ex head of geology at Olympic Dam, and Red Rock maintain two directors on the board. The company has carried out reconnaissance exploration in preparation for drilling programs on two of its properties; Machinga in Malawi and the Woolgni-Edith River project in Australia. Resource Star ltd plans to relist on the mining board of the ASX

Red Rock also has manganese interests in the Pilbara region of Western Australia and in Mkushi, Zambia, the former of which are included in the joint venture proposed to Jupiter Mines Ltd.


Current Operations

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

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


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 Director

Company Address

115 Eastbourne Mews
London, United Kingdom W2 6LQ

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

Capital

Shares Issued: 405,480,832

Year End

30th June

Nominated Brokers

Simple Investments
1 High Street
Godalming
Surrey GU7 1AZ UK

Nominated Advisors

Blomfield Corporate Finance Limited
1-3 College Hill
London EC4R 2RA UK

Major Shareholders

Significant Shareholders
Regency Mines Plc 32.9%
Sunvest Corporation Limited 4.45%
Starvest Plc 2.1%
Public 60.55%

Related News

02/06/09 - With Pallinghurst Now In The Driving Seat On Its Iron Ore Properties, Red Rock Is Now On The Lookout For New Opportunities
04/02/09 - Fancy-Looking Numbers Support The Combined Stakebuilding In Jupiter Mines By Red Rock Resources And Pallinghurst
29/04/08 - Red Rock Resources Is Looking To Act As An Iron Ore Consolidator In The Yilgarn District Of Western Australia

Most Recent Statement

01/07/09 - Jupiter Mines Limited: Update
22/06/09 - Jupiter Mines Ltd Update
04/06/09 - Directorate Change
19/05/09 - Issue of Equity
01/05/09 - Standby Equity Distribution Agreement
17/04/09 - Trading Update

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