Business
Final Results
Red Rock Resources plc reported a consolidated loss before tax of £4.374 million for the year ended 30 June 2025, an increase from the prior year's loss of £3.012 million, primarily due to impairments of financial assets and increased finance costs, despite a reduction in administrative expenses. The company's financial position shows total assets of £17.73 million and total equity of £9.13 million, with significant borrowings of £5.7 million. Post-year-end events include the sale of a gold royalty for £1 million and progress on a DRC joint venture involving social housing factories, with the company expecting cash from legal settlements and asset sales. The company's auditors noted a material uncertainty regarding its ability to continue as a going concern, dependent on future fundraising. Disclaimer*
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n\nRed Rock Resources Plc\n(\"Red Rock\" or the \"Company\")\n \nFinal Audited Results for the Year Ended 30 June 2025\n \n22 December 2025\n \nThe Company's Annual Report and Financial Statements for 2025, extracts from which are set out below, will be published and sent out to the Company's shareholders shortly and will be available on the Company's website www.rrrplc.com.\n \n \nChairman's Statement\n \nDear Shareholders,\n \nWe present the Report and Accounts of Red Rock Resources Plc (the \"Company\", \"Red Rock\") for the year ending 30 June 2025. We also report on the progress of the Company since the balance sheet date and review prospects for 2026.\n \nThe Year in Review\n \nThe Company's mineral exploration and production interests are, as they have been since listing, focused on gold and copper, though recently cobalt has also been an area of concentration.\n \nThe gold price during the 12 months to 30 June 2025, the accounts period, rose 40.4% from USD 2,324.98 per troy ounce to USD 3,264.03 per troy ounce. This followed a 21.17% rise, from USD 1,918.72, in the previous year to 30 June 2024, and has been followed by a rise from the financial year end to 11 December 2025 of 29.17%.\n \nThe Company continues to have gold assets in Australia, Kenya, Côte d'Ivoire and Burkina Faso, including an estimated gold Mineral Resource in Kenya, and so had potential benefit from its exposure to gold exploration and projects in a number of countries.\n \nAfter the end of the year, it proved possible to realise or transact on some of these assets and so begin to realise some of this benefit.\n \nThe copper price also continues a strengthening trend during the year, rising 5.95% from USD 9,476.5 per tonne on 30 June 2024 to USD 10,040 per tonne by 30 June 2025, after a 12.86% rise from USD 8,396.5 in the previous year. As with gold, the five months since year end have shown an increase in the rate of rise, with a further 14.41% appreciation to USD 11,487 by 11 December 2025.\n \nThe copper price's rise through what many consider to be an important USD 11,000 per tonne price level means that it has achieved already the target range set by many analysts for 2025/2026. There seems however no current danger of oversupply, and 2026 may therefore not see any revers...