Red Rock Resources plc
16 April 2007
RED ROCK RESOURCES PLC
Trading Update
Dated: 16 April 2007
Red Rock Resources plc ('Red Rock' or the 'Company') the mineral exploration and
development company focused on advancing iron ore, uranium and manganese
projects in Australia and East Africa, has entered into an agreement for toll
processing of manganese in Zambia to produce ferromanganese.
The agreement is with Chiman Manufacturing Ltd ('Chiman'), a corporation
registered in Zambia to provide for the crushing, preparation, and processing of
ore supplied by the Company's Zambian subsidiary from stockpiles and surface
material at its Chiwefwe mining license. The agreement is effective from the
date of first delivery of ore to Chiman's ferromanganese plant at Kabwe.
Under the agreement, the Company will have exclusive use of a furnace and will
pay $150 per tonne of ferromanganese delivered, plus the cost of coke, plus 25%
of sale profit (being at least $100 per tonne) net of Government royalty.
Chiman is currently producing and selling ferromanganese from the Kabwe plant
and the Company will be working in conjunction with Chiman to sell the product
into local and overseas markets.
The Company expects to make first deliveries shortly.
Enquiries:
Andrew Bell 07766 474849 Red Rock Resources plc Chairman
John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser
Ron Marshman / John 020 7628 5518 City of London PR Limited Public Relations
Greenhalgh
Updates on the Company's activities are regularly posted on Red Rock's website,
www.rrrplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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