Jupiter Mines: Update

RNS Number : 0548L

Red Rock Resources plc

14 July 2017

 

Red Rock Resources plc

("Red Rock")

Jupiter Mines: Update

14 July 2017

Further to the announcement of 5^th June 2017, Red Rock announces that Jupiter Mines Ltd, an Australian unlisted public company, has released the following announcement, an electronic copy of the report is available at the Jupiter Mines website, www.jupitermines.com 

"TSHIPI NOW THE LARGEST EXPORTER OF MANGANESE ORE FROM SOUTH AFRICA

Jupiter Mines Limited ("Jupiter") is pleased to announce that for the five months to July 2017, Tshipi exported over 1.3 million tonnes, making it the largest exporter of manganese ore from South Africa.

Tshipi remains on track to achieve its record production target of 3 million tonnes for the 2018 financial year. At these levels it is the third largest manganese producer globally.

Should the existing production levels and manganese prices continue, Tshipi will deliver the ZAR500 million distribution to its shareholders in September 2017, as announced on 5 June 2017.

As a result, Jupiter will distribute a further US$25 million to its shareholders."

Red Rock holds approximately 1.2% of the issued share capital of Jupiter.

For further information, please contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990                                                        Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396         NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744                                                Broker Dowgate Capital Stockbrokers Ltd

 

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