Follow up - DRC Arbitration

Red Rock Resources plc

24 January 2025

 

Red Rock Resources PLC

("Red Rock" or the "Company")

Follow up - DRC Arbitration

23 January 2025

Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia announces an update on our DRC arbitration further to its announcement of 15 January 2025.

The scheduled meeting in the DRC took place on the afternoon of 22 January 2025 in Kinshasa. The arbitrator has suggested the parties supply each other any additional supporting documents and that Red Rock and the other party then try to reach a consensus on the arrangements if possible before matters are finalised by the arbitrator. Red Rock is following this up over this Thursday and Friday.

Red Rock Chairman Andrew Bell comments: "The parties are all looking to finalise this matter. Yesterday's working meetings achieved more progress than the last 29 months, and we are relieved to now be in a process designed to expedite settlement".   

For further information, please contact:

Andrew Bell 0207 747 9990                                                           Chairman Red Rock Resources Plc

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

Bob Roberts 0203 8696081                                                                        Broker Clear Capital Corporate Broking

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

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