RED ROCK RESOURCES PLC
Termination of Mobile Gold Treatment Plant Contract
Dated: 16 July 2009
Red Rock Resources plc ('Red Rock' or the 'Company') the mining exploration and mineral investment company with interests in iron ore and manganese in Australia and Zambia, and uranium investments in Africa and Australia, announced on 17 April 2009 that Red Rock had entered into a contract to purchase a mobile gold treatment plant, with an option to purchase a second unit, from Resource Gold Proprietary Limited ('RGL').
The parties have mutually agreed to terminate the purchase contract, and Red Rock's initial payment of AUD 100,000 will be returned in two equal instalments, due respectively by 16 October 2009 and 16 November 2009.
Red Rock continues to hold approximately 11 per cent. of the issued ordinary share capital of RGL.
The termination of the purchase agreement reflects a strategic decision by both parties to place greater emphasis on their own interests, which makes it appropriate for Red Rock to concentrate on developing its interests, including gold, independently, and for RGL to devote its resources to developing plant for its own operations.
Enquiries:
Andrew Bell |
0207 402 4580 07766 474849 |
Red Rock Resources plc |
Chairman |
John Watkins |
07768 512404 |
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|
Alan Mackenzie / Peter Trevelyan-Clark / Ben Jeynes |
020 7489 4500 |
Blomfield Corporate Finance Ltd |
Nominated Adviser |
Nick Emerson |
01483 413500 |
Simple Investments Ltd |
Broker |
Ron Marshman / John Greenhalgh |
020 7011 9411 |
Lothbury Financial Limited |
Public Relations |
Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.