Red Rock Resources PLC – a resource development company focused on gold, base metals, battery metals and hydrocarbons projects in Africa and Australia – agrees to extend shutdown date to Tuesday long-term relating to the acquisition of 100% of Red Rock Australasia Pty Ltd by Power Metal Resources PLC. This postponement takes into account Monday’s public holiday in Australia. She explains that an announcement relating to the transaction will therefore not be published before Wednesday. Power Metal Resources takes note of this declaration. In addition, Red Rock announces “exceptional” gold drilling results in Australia. In addition, it indicates that the preparation of the operating sites continues in Bilbale and Boulon in Burkina Faso. Due to increasing air freight costs, the company decides to transport the containers by sea. The arrival of the containers is scheduled for the beginning of July. Managing Director Andrew Bell comments: “Progress towards continuity of operations in Burkina Faso continues satisfactorily. The scale of the logistics operation is considerable and involves overcoming regulatory challenges at export and import points “. Mr Bell describes the results obtained in Australia as “astonishing”.
Current share price: 0.057 pence
Change over 12 months: down 56
By Jeremy Cutler, Alliance News reporter
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