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Joint Venture Provisional Award
Red Rock Resources plc has received a Notice of No Objection from the Ministry of Budget of the Democratic Republic of Congo for its joint venture's provisional award to construct and operate low-cost housing factories, valued at $21,476,663.10. This follows a tender process initiated in October 2025, with the joint venture partner, KOTO DRC sarl, now able to draw funding to order the first factories, expected to arrive by late Summer or early Autumn, with the aim of rapid scaling and first house sales by year-end. Additionally, Red Rock has secured a three-year renewal for its Boulon gold licence in Burkina Faso. Disclaimer*
About this update from Red Rock Resources Plc
Red Rock Resources PLC ("Red Rock" or the "Company") Joint Venture Provisional Award 1 June 2026 Red 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 the issue of the Avis de Non Objection (ANO) by the Direction Générale de Contrôle des Marchés Publics (DGCMP) of the Ministry of Budget of the Democratic Republic of Congo, to our joint venture partner in relation to the award of a contract for the provision and operation of factories for low cost housing. This follows a process whereby the Company formed the 50-50 joint venture ("JV") in November 2024, made a proposal to and signed an agreement with the Ministry of Rural and Periurban Development in October 2025, and subsequently in 2026 the JV won an open tender which was then reviewed by the DGCMP and other regulatory bodies. Previous announcements have been made by the Company as matters progressed, notably on 6 November 2024, 23 October 2025, 11 February 2026, and 1 April 2026. The ANO reads in part: "I have the honour to receive your letter………………..of 12th May 2026 by which you sent me, for Notice of No Objection, the evaluation report of the offers and the minutes of Provisional Award relating to the works of construction and installation of the factor[ies] for manufacture of wall panels for the rapid construction at least cost of houses, and thank you. After checking your dossier, the DGCMP issues this Notice of No Objection on the said evaluation report and minutes making its Provisional Award to KOTO DRC sarl, at a cost of $21,476,663.10" [Translation from the original French] Red Rock Chairman Andrew Bell comments: "The importance that the Government and the Ministry attach to this project is shown by the Ministry's decision to fast track it by funding the initial factories. Koto is now able to draw this money, and order the factories, the first of which is expected to arrive in late Summer or early Autumn. The JV expects to scale up operations rapidly, and make first sales of houses by year end. Meanwhile the resolution of the Company's claims in relation to the Musonoi licence and the grant of the first major copper-cobalt licence since the loss of Musonoi are near ...
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