Update on Kenyan Interests

RNS Number : 8825M

Red Rock Resources plc

19 September 2019

 

Red Rock Resources PLC

("Red Rock" or the "Company")

Update on mineral interests in Kenya

19 September 2019

Red Rock Resources Plc, the natural resource investment and development company, announces, further to its announcement of 22 October 2018, latest developments in relation to its mineral interests in Kenya.

Following the termination in October 2018 by a Consent Order between the parties of the legal proceedings instituted by Red Rock and its local partner, the Company caused the appropriate applications under section 225(6) of the Mining Act 2016 to be made.

Red Rock is pleased to note the approval for the grant of licenses  by the Mining Rights Board (MRB) on the mining cadastre website. Upon receipt of official confirmation of intended grant, the Company will be invited to fulfil fee payment and registration requirements. The grant of the licences remains subject to the approval of the Cabinet Secretary and a further announcement will be made as and when the licences are confirmed.

Andrew Bell, Chairman of Red Rock comments: "We are entering the last stage of what has been a lengthy process, and thank all involved.

We look forward to the confirmation of grant, and to renewing progress towards our aim, which is to have a producing gold mine."    

Note: A project summary was included in the announcement of 22 October 2018. An updated summary will be released upon conclusion of the grant process.     

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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 0207 374 2212                                                Broker First Equity Ltd

 

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