Jupiter Mines Announcement

RNS Number : 8119O

Red Rock Resources plc

16 October 2012

 

Red Rock Resources

Announcement by Jupiter Mines Limited

16th October 2012

Red Rock Resources plc ("Red Rock" or the "Company"), the mining and exploration company with an iron ore project in Greenland, a producing gold mine in Colombia, advanced gold and copper exploration in Kenya, and interests in steel feed, uranium and rare earths, is pleased to report that Jupiter Mines Limited (ASX:JMS) ("JMS") has announced that production of manganese ore has begun at the Tshipi Borwa mine in South Africa.

The full announcement may be found at: http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=JMS

JMS reports that the first manganese ore was mined from the 1.7 billion Rand Tshipi Borwa mine near Kathu in the Northern Cape on 10 October 2012, a few weeks earlier than originally planned. Over 40,000 tons of mined ore are reported to be available for processing and the mine expects to begin shortly to rail the manganese to Port Elizabeth utilising Tshipi's newly constructed and dedicated rail siding. The mine expects to be producing manganese for well over six decades.

The Tshipi Borwa mine is 49.9% owned by JMS. Red Rock owns 60,200,832 JMS shares representing 2.64% of the issued share capital of JMS.

Andrew Bell, Red Rock Chairman, states: "This is a triumph for Jupiter and for the local operating company, Tshipi e Ntle, and a model of how co-operative development under South Africa's black empowerment policy is meant to work. This announcement is in fact several significant milestones in one, announcing production but also giving visibility on how the project has been meeting timetable, and how product will be shipped. We continue to have great faith this investment, and are proud of our part in the creation of the modern Jupiter Mines."

Enquiries:

Andrew Bell	020 7402 4580 or 07766 474849	Red Rock Resources plc	Chairman
Sandra Spencer	020 7402 4580 or 07757 660 798	Red Rock Resources plc	Press Relations
Gerry Beaney/ Daniela Amihood	020 7383 5100	Grant Thornton Corporate Finance	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker

 

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