Business
Asset Review and Current Developments
Asset Review and Current Developments.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \n \n \n Red Rock Resources PLC\n \n \n \n \n (\"Red Rock\" or the \"Company\")\n \n \n \n \n Asset Review and Current Developments\n \n \n \n \n \n \n \n \n \n 8 March 2023\n \n \n \n \n \n \n \n \n Red Rock Resources Plc, (\"Red Rock\" or \"the Company\"), is a natural resource development company with interests in gold and base metals, principally in Africa and Australia. \n \n \n A review of current projects and news outlook was issued on 5 August 2022 and a review of activities was included in the Annual Report dated 29 December 2022.\n \n \n To facilitate comparison with the August review, the same order has been adopted.\n \n \n The relative importance of projects may change over time.\n \n \n \n Highlights\n \n :\n \n \n o \n Key short-term concerns are:\n \n \n o \n the arbitration process in the DRC\n \n \n o \n the drill programme in Australia\n \n \n o \n progress with bringing initial lithium production on stream in Zimbabwe, and\n \n \n o \n Elephant Oil listing in the U.S. taking longer than expected \n \n \n o \n Important for 2023 will be exploration activity for copper/cobalt and gold at the African projects\n \n \n \n \n \n \n \n \n \n \n \n \n PROJECT\n \n \n \n \n \n \n 2023 UPDATE\n \n \n \n \n \n \n \n \n \n \n \n \n Mikei Gold Project\n \n \n \n \n \n Western Kenya\n \n \n \n \n \n Gold: 723,000 oz Mineral Resource Estimate at 1.49 g/t (JORC 2012)\n \n \n \n \n \n 100% economic interest\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Details of results of drilling of 20 Reverse Circulation (RC) holes totalling 2,093m were announced in August 2022.\n \n \n \n \n \n Drilling was over the Central KKM project area within and just outside the Resource envelope showing continuity along strike and down dip.\n \n \n \n \n \n 16 of 20 holes intercepted gold mineralisation, in 15 holes at or above cut-off grade.\n \n \n \n \n \n An EIA has been obtained for drilling four of the remaining prospects.\n \n \n \n \n \n The next stage diamond drilling programme has begun the planning process, with consultant input, the ultimate intention being a JORC Resource revision.\n \n \n &nb...