Business
Update on Australian Assets
Update on Australian Assets.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n\nRed Rock Resources PLC\n(\"Red Rock\" or the \"Company\")\nUpdate on Australian Assets\n16 August 2024\n \nRed Rock Resources Plc, the natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia, announces, further to the announcements of 13th March 2024, 12th June 2024 and 19th June 2024, that the date for fulfilment of the £250,000 payment obligation under section 5(c) of the Agreement to take 100% ownership of its Australian Gold interests, and related amounts, has been re-set to 13th September 2024 by agreement between the parties to that Agreement.\n \nRed Rock CEO Andrew Bell comments: \"As noted in our announcement of April 5th we have been working for the release of the arbitration award in relation to our Congolese interests. Handover of this matter to the new post-election Administration has taken place and we have been in Kinshasa over recent weeks and expect to return for the final meeting.\n \nGiven the tempo of activity during the holiday season across the Company's activities, notably in DRC but also in Burkina Faso where we are moving towards gold production and travel plans have been affected by illness of two key personnel, we are grateful for the agreement of the vendors in Australia in adjusting the timing of one element of the consideration. \n \nIn Victoria exploration in the easternmost of our licences at Kilmore is under way, across the boundary from Southern Cross Gold's exploration at Sunday Creek, and we will report on this once we have sufficient results.\n \nNDAs have now been signed with various potential listed partners. With the help of our advisors, we are discussing possibilities for a listing of the assets.\n \nWe intend to report an operational and financial update covering developments in the Company's business in the coming days.\" \n \nFor further information, please contact:\nAndrew Bell 0207 747 9990 Chairman Red Rock Resour...