Jupiter Mines update

RNS Number : 7025R

Red Rock Resources plc

21 November 2012

 

Red Rock Resources

Jupiter Mines' Tshipi Borwa Project - First Train Loaded With Manganese

21^st November 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, announces that the Tshipi Borwa Mine, in which Jupiter Mines Limited (ASX: JMS) ("Jupiter") has a 49.9% stake, successfully loaded its first full trainload (6,430 tonnes) of manganese ore on Sunday, November 18th 2012.

In the Jupiter announcement dated 20 November 2012, Jupiter notes that this is a significant milestone for the Tshipi Borwa Project when taking into consideration the fact that the first ore was mined on October 10th 2012 after progressing with the 70 metres prestrip.

Jupiter also announces that it envisages the first shipment of approximately 40,000 tonnes to be dispatched from Port Elizabeth in late December or early January.

The full text of the announcement is available at: http://www.asx.com.au/asxpdf/20121120/pdf/42b9xdlyp8ch7b.pdf

Red Rock holds 60.2m shares in Jupiter (c2.6%) which have a market value of approximately A$5.96m.

Red Rock Chairman Andrew Bell comments: "This announcement is another milestone for the Tshipi Borwa project and Jupiter itself. This first trainload of ore is a significant achievement and highlights the efficiency with which the Tshipi Borwa mine has been brought into production. We look forward to further announcements on this project."

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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