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Red Rock Resources

Red Rock Resources Plc is a mineral exploration company focused on the discovery and development of gold, iron ore and other minerals. In addition to its own projects, through its shareholding and royalty interests in Jupiter Mines Limited (ASX: JMS) the Company is also committed to the pursuit of an active ‘steel feed’ strategy for consolidating large scale interests in iron ore, manganese, and prospectively coal. Red Rock Resources (AIM: RRR) listed on London’s AIM market in July 2005.

In pursuit of its goals, Red Rock Resources Plc follows varying strategies:
  • operating through exploration for, and exploiting 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.

Latest Articles

Red Rock Resources: Colombia update Interview with Chairman Andrew Bell

Red Rock Resources (LON:RRR) announced this morning details of a proposed disposal of its Colombian gold interests under a signed Letter of Intent with Nicaragua Milling Company Ltd. We took the opportunity to speak with Chairman Andrew Bell to get his take on the significance of this development in this exclusive MiningMaven Podcast Interview. We hope you enjoy listening.

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Red Rock Resources: August Interview with Andrew Bell

After an extended period of relative quiet on the news front, last week Red Rock Resources (LON:RRR) released an update on its operations alongside news from its 39% owned Australian associate Resource Star (ASX:RSL) of the signing of a binding term sheet to reposition its activities into Oil exploration in Texas. The news seems to have re-kindled a significant level of investor interest in Red Rock and the share price has responded accordingly.

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Red Rock Resources: NAMA Sale Agreement Interview with the Chairman Andrew Bell

On Wednesday 28th November, Red Rock Resources (LON:RRR) released details of a proposal to sell part of its stake in NAMA Greenland for cash proceeds ranging from £6.5-£10million, leaving a residual stake between 14% and 30% and a gross revenue royalty of 2% (shared pro rata). That proposal puts a value on the project of around £13million, plus the royalty element. In other words 130% of the market cap at the time of the announcement, attributable to just the one project.

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