Business
Update
Red Rock Resources Plc has provided an update on its activities, notably signing a Non-Disclosure Agreement and commencing due diligence on a privately held copper-cobalt mining project in the Kambove region of Katanga, Democratic Republic of Congo, with the aim of acquiring a first-class project with reasonable terms and a short timeframe to production. The company also continues to review other licence opportunities in the DRC and is progressing renewal discussions on its gold assets in Kenya, hoping to restart activities and obtain production licences. In Australia, Red Rock Australasia Ltd has applied for renewal of two licences in Victoria and surrendered one small licence, while also bringing in another company to share office costs. The company remains confident in its position regarding pending litigation in the DRC. Disclaimer*
About this update from Red Rock Resources Plc
Red Rock Resources PLC ("Red Rock" or the "Company") Update 11 February 2026 Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, base and battery metals, and hydrocarbons principally in Africa and Australia announces an update, further to those of 23 October 2025, 25 November 2025 particularly as they relate to developments in the Democratic Republic of Congo ("DRC"), and further to the Annual Report published on 22 December 2025. DRC JV It was noted on 23rd October 2025 and 25th November 2025 that pursuant to the Koto Red Rock JV the Company and its partners were seeking to identify appropriate copper-cobalt and gold licences and expected shortly to visit some of the short-listed licences, and that updates would be issued. The Company was looking for (a) a grant pursuant to the JV's partnership with Government agencies; plus either (b) licences it might take over and hold in its own name, or/and (c) licences it might acquire through private treaty. A number of possibilities have been reviewed or have resulted in exploratory meetings. The Company has recently signed an NDA and started its due diligence assessment involving external consultants of a privately held potential copper-cobalt mining project in the Kambove region of Katanga. DRC Litigation A judgment and conclusion of the proceedings between the Company and VUP as referred to in the Company's previous announcements remains pending, and the Company is confident that its position will be upheld. Other In the last two weeks the Company through Red Rock Australasia Ltd has applied for renewal of two licences in Victoria, made partial surrenders in relation to one of those licences and a total surrender of a third small licence isolated from the Company's other properties, and has brought in another company to share office costs. As part of this rationalisation and forward planning, the Company expects to receive the final draft of a third party professional assessment of its licences and of alternative options going forward. At the same time the Company has begun discussions with potential regional partners. In the last two weeks in Kenya the Company through its local representative has progressed the renewal discussions on its gold assets to the point where it hopes to arrive at an outcome that will allow activ...
View stock analysis, news, and events for Red Rock Resources Plc