Resource Star Limited - Joint

RNS Number : 6464I

Red Rock Resources plc

16 March 2010

 



RED ROCK RESOURCES PLC

Resource Star Limited - Joint Venture

Dated: 16 March 2010

Red Rock Resources plc ('Red Rock' or the 'Company') the mining exploration and mineral investment company with interests in steel feed, uranium, and gold announces that its associate company Resource Star Limited (ASX: RSL) has today announced a Joint Venture Agreement ('JVA') with Globe Metals & Mining Ltd (ASX : GBE) in respect of the Livingstonia Project, a sandstone-hosted uranium project in Northern Malawi. 

The JVA provides for RSL to earn up to 80 per cent. equity interest in the advanced Livingstonia Uranium project, on which over 11,000m of drilling has taken place, through exploration expenditure. RSL will earn an initial equity of 20 per cent. by completing an immediate Resource Estimate and following up with 1,000m of drilling, planned for later in 2010.

Following market purchases on 4 March 2010 and 11 March 2010, Red Rock is now interested in approximately 26.3 per cent. of RSL's issued ordinary share capital.

The text of the announcement may be accessed via:

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=rsl 

For further information contact:

Red Rock Resources plc
Andrew Bell, Chairman	0207 402 4580/07766 474849
John Watkins	07768 512404
Nominated Adviser
Religare Capital Markets
Peter Trevelyan-Clark/Ben Jeynes	020 7444 0800
Broker
Simple Investments Ltd
Nick Emerson, Renato Rufus	01483 413500
Public Relations
Lothbury Financial Limited
Ron Marshman	020 7011 9411

Updates on the Company's activities are regularly posted on its website www.rrrplc.com.

 

END

 

 

JVEKQLBFBXFEBBD