Company Description
Red Rock is a mineral exploration and development outfit.
IPO Details
Issue Date 29-07-2005 Prospectus n/a
Issue Price 2.00p Lead Broker ARM Corporate Finance
Market Cap £2.87m Contact Tel 020 7512 0191
Method Placing
Sector Mining
Market Aim
Amount Raised £0.60m

Web site:- http://www.rrrplc.com/



Exploration update 3rd August 2006 - Red Rock Resources PLC said a significant new iron discovery has been made at its Central Yilgarn Iron Project in Australia. Jupiter is targeting extra iron ore tonnage of over 20 mln tonnes from the discovery. Production from the Central Yilgarn Iron Project is planned to be crushed on site, trucked to Menzies, 90 kilometres away, and then railed to the Port of Esperance

Exploration Update 9th August 2006 - Manganese Resource defined at Mkushi, Zambia gives an indicated tonnage of 2,365,000 million tonnes of manganese ore


Red River (RVR), which is a stock we rarely hear from, performed a similar trick, announcing the recovery of high-grade iron ore samples from a project in the Pilbara region of WA, and receiving a share price boost of A3 cents (20 per cent) to close the week at A18 cents. (courtesy of Minesite)



PLUS MARKETS LINK
http://www.plusmarketsgroup.com/details.shtml?ISIN=GB00B0CQLF79

Red Rock Resources plc said it has signed a
deal with Zambian firm Chiman Manufacturing Ltd for the processing of manganese
to produce ferromanganese.
The mineral exploration and development company said Chiman will provide
crushing, preparation, and processing of ore supplied by Red Rock's Zambian unit
from stockpiles and surface material at its Chiwefwe mining license.
The company added it expects to make first deliveries shortly.





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Announcement re Jupiter Mines Limited

Dated: 19 January 2011

Red Rock notes the announcement made by its 5.23% owned associate Jupiter Mines Limited (ASX:JMS) ("JMS") today, in which JMS announced the completion of the first phase of the planned drilling program at JMS' Mt Ida Magnetite project. Red Rock maintains a 1.5% gross production royalty in Mt Ida. Highlights of the JMS announcement included:

Maiden Inferred magnetite resource at Central Mt Ida is 530 million tonnes at 31.94% Fe,
exceeding earlier expectations. The results are summarised in the table below:



Mt
Fe%
SiO2%
Al2O3%
P%
S%

Central Mt Ida
530
31.94
45.88
1.10
0.074
0.201


Notes: Head grade cut off 15% Fe

Density estimated of 3.2t/m3 was applied

Resource was generated from 11,898 metres of drilling conducted on the Central Area only

The resource model of the Central Area shows six flat lying magnetite lodes extending from 50
to 300 metres in depth

Mineralisation is open to the north and south of the tested Central Area

Further drill programs are planned to increase the Inferred resource by exploring the Southern
and Northern Areas, whilst advancing the Central Area to Measured and Indicated status

It is intended that the results will serve as basis for a Feasibility Study during 2012

The maiden resource generated for the Central Area confirms a significant magnetite project at
Mt Ida

The full text of the JMS announcement and its investor presentation "Building a new supplier of raw materials for the steel industry" can be accessed via the following link:

Wheres everyone gone?

Red Rock Resources
Announcement re Jupiter Mines
RNS Number : 7146Z
Red Rock Resources plc
19 January 2011

http://moneyam.uk-wire.com/cgi-bin/articles/201101190750097146Z.html

Moving up steadily.

Anticipating an RNS on Colombia and/or Kenya very soon as well, which I think will help fuel a breakout from this level.

martinl2

Agree a breakout is overdue after the recent side tracking next step 25p IMO.

Email from the Chairman Mr Andrew Bell

Dear Shareholders and Colleagues,

Please see today's announcements by our affiliate Jupiter Mines Ltd.

These spectacular results show a large thick relatively flat-lying deposit with excellent grades and low impurities and little overburden at Mt Ida. The key figures in our view are the Davis Tube Recoveries - giving concentrate grades up to 70.5 pct. Look at hole 8.

Jupiter expects to move to a full feasibility study in 2012. For us, it is a great step forward that besides our Jupiter holding we will participate directly through a 1.5 pct gross production royalty in what is now a JORC Resource of 530m t.

Kind regards,

Andrew Bell

Which presumably means that this news will have little impact on the RRR sp in 2011?
Also, slightly worryingly, I have just noticed that EK is short RRR.

not worried about the short - here lt - gl

but certainly looks to be heavy resistance at 16.00

Harrycat,

EK has been short since 12p.

Doubt he will still have the short in place with production figures from columbia about to come out this month, unless of course he likes throwing his money away!

Good post from the other side.

Today, Jupiter Mines (ASX:JMS) announced a maiden inferred resource at Mt Ida (RRR own 5.3% of Jupiter and 1.5% Gross production royalty on ore produced at Mt Ida)

The expectation had been for 400 million tonnes of iron at this level but the tests have shown 530 million tonnes, at a grade of 32% Fe. Iron ore is currently priced at around $180 per tonne of 62% iron ore. Jupiter have 530 million tonnes at 32% so after refining will be able to have a little over 265 million tonnes at 62%. Which is worth $47,700 million or 31,800 million.

Yes it will cost money to mine it and refine it, but Red Rocks GROSS royalty is on the sale price, so Red Rocks royalty alone is worth 1.5% of 31.8 billion = 477 million.

Red Rocks market cap is still only circa 100 million. So whilst it will still probably be a year or more until Jupiter start producing and selling the iron, and whilst the production royalty will come in dribs and drabs as Jupiter gradually mine and sell the ore, this maiden inferred resource massively underpins Red Rocks current share price.

Bearing in mind that they also own roughly 45 million of shares in Jupiter, around 7 million in RGM, around 6 million in Ascot (plus options to buy 7.5 million more shares at 20p, with Ascot currently priced at 47.5p equaling an inferred current value of 27.5p x 7.5 million shares ie 2 million), Migori, El Limon, Kansai and more, current market cap of under 100 million looks exceedingly cheap. And with the confirmed maiden resource at Mt Ida I struggle to see any real downside from here (100 million market cap for RRR underpinned by 477 million production royalty at Mt Ida) and yet astronomical upside potential. Even if Red Rocks only assets were the shares in Jupiter and the production royalty, it would still look good value to me at current prices.

Correction to the above. RRR owned 3.35% of RGM 17,900,000 shares. Not 7m

good succint posts driver - you have posted some of the main reasons i am in long rrr and happy to wait - once gkp was my biggest holding - now i have exited gkp - but still keep an eye on them of course - rrr is now my biggest single holding - only slightly annoying thing is every point on a dip notices! but equally on the rise kerrrchinnnnnggg! have a good evening

About time we had news on Colombia?

yea!

Been fairly lacklustre recently, despite all the positives.
2517

The market is waiting for news on Colombia now.

Back where we started after a dippy day.

yrp sure are - we just need some news and it shouldnt be that far away - ab likes to keep a steady stream of news and often when you least expect - i wouldnt wanna be outta rrr right now!! lol

Operational updates:

http://moneyam.uk-wire.com/cgi-bin/articles/201101280802182528A.html

http://moneyam.uk-wire.com/cgi-bin/articles/201101280700082308A.html