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Red Rock Resources (RRR)     

moneyman - 30 Apr 2007 23:13

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.

Chart.aspx?Provider=EODIntra&Code=RRR&Si



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na sdaq - 09 Feb 2011 20:17 - 254 of 859

skyhigh

rns time approaching, bought some more today.

driver - 10 Feb 2011 13:01 - 255 of 859

Bit of a pain this slow decline, more like a neck rather than a back, again if I had the funds they would be going in here and RGM it cant be long now for the next leg UP 25p very soon IMO.

martinl2 - 10 Feb 2011 14:39 - 256 of 859

Yes, with the volume of significant newsflow expected in short order I think a sharp rise from here is a distinct possibility.

- Colombia 55% acquisition
- Colombia gold pour / first sale
- Migori drilling results
- Migori tailings metallurgy results / extraction plan
- Kansai cash
- Tasmania drilling results

All these items of news due in short-term.

martinl2 - 11 Feb 2011 11:08 - 257 of 859

Looking slightly more stable today..

gibby - 13 Feb 2011 21:33 - 258 of 859

glad to be in here - news can not be that far away - have other projects on the go so cant add to my rrr quite yet unfortunately - another week of no news would in fact be a great help right now!! but if good news comes that is more than acceptable also!!

driver - 14 Feb 2011 16:41 - 259 of 859

News tomorrow IMO

gibby - 14 Feb 2011 17:23 - 260 of 859

you could be correct - interesting cob trades - looks like i might not get me extra week!! still cant be too greedy i 'spose - but i'll be honest i can not see myself being out of rrr for a good few years - a great share with loads of prospects as most here know already - gla - and i DEFINITELY would not wanna be out of rrr 2011/12!!! :-))

Balerboy - 14 Feb 2011 18:37 - 261 of 859

new you'd have to say that gibby lol.

gibby - 14 Feb 2011 20:50 - 262 of 859

lol bb - i just dont seem to be able to help myself!!! ;-))

gibby - 14 Feb 2011 20:51 - 263 of 859

sorry i meant just dont seem to be able to STOP myself - having said that help may have been more appropriate?! lol lol - have a good evening dude

HARRYCAT - 15 Feb 2011 14:44 - 264 of 859

Dated: 15 February 2011

Red Rock Resources plc reports on developments.

Kenya
In October 2010, CSA Global Ltd ("CSA") and the Company finalised drilling programmes to test, validate and extend the current resource targets, and to investigate potential further targets. A drill programme to test copper-gold VMS target will also take place shortly.

Local drilling companies began drilling before the New Year, and diamond, reverse circulation, and air core drills brought into the country are expected to be coming into operation in stages from the end of this week. This will speed up the programmes in order to complete them as far as possible before the beginning of the rains.

The results from stage 2 of the metallurgical testwork on the Macalder tailings are awaited.

Colombia
Customs delays, followed by a nationwide strike by the transport industry, have caused late delivery of a small number of essential parts for the agitators for the larger flotation cell unit. This has caused a temporary halt to the scaling up of production. Once parts are delivered, production can increase. Meanwhile, the mine at El Limon is operating two shifts, and the crushers and conveyors are operating satisfactorily. The ball mill has been run at 24 hours a day, as have the jig, pumps, and other elements of the plant.

Material processed is 6 g/t, and some 450 tons of this material remains in silo. Material mined is grading 12-15 g/t and improving, but the decision was to process lower grade material until the plant is running smoothly in all respects.

The Machuca mine is now in operation, and initial production is at about 20 tpd at a grade of 6 g/t.

The Company has agreed in principle the early exercise of its option over a majority of the share capital of its partner Mineras Four Points SA ("MFP"), at a reduced initial cost, with remaining payments related to the achievement of key targets, and will make a further announcement shortly. This will enable the Company to take operational control immediately.

The Company has appointed recently a chief financial officer for MFP, and has had a consultant engineer from the United States visit the site. His full report is awaited, but his conclusion was that the mine and plant were without fundamental problems, had capable employees, were capable of expansion, but lacked proper flowsheets and planning, and that the slight delays encountered were not a cause for concern. The Company has sent him now to provide assistance to our associates in Costa Rica, and he will then return to Red Rock's Colombian operations.

A director of the Company is remaining full-time in Medellin while the ramping up of production and the organisational restructure are taking place.

The Company pays tribute to the goodwill and active co-operation of its local partners in accomplishing the often difficult task of moving from a small-scale family-oriented operation to a larger operation with external controlling shareholders. Red Rock can now look to the future at El Limon and Machuca with great confidence.

Tasmania
A previously undrilled 3 km North-South trending magnetic anomaly on the Arthur River tenement along strike north from the Savage River mine was tested by a five hole reverse circulation drill programme of 700m across the waist of the geophysical target in late 2010. Results have been received and while magnetite was encountered in all holes, these were not of sufficient grade and quality to make it likely that this will be an economic deposit.

Other
The Company is reviewing a number of new opportunities."

martinl2 - 15 Feb 2011 14:59 - 265 of 859

All progressing well then.

2517GEORGE - 15 Feb 2011 15:31 - 266 of 859

Except for the sp.
2517

HARRYCAT - 15 Feb 2011 16:20 - 267 of 859

and except for Tasmania.........and the strike in Colombia...............

martinl2 - 15 Feb 2011 16:52 - 268 of 859

Colombia is the important thing, and its progressing. They've fixed the crusher and are waiting for a few final parts which are delayed by strikes rather than something up with the mine, which is good. Outside consultant says there are no fundamental issues, staff are competant etc (which I suspect may be a precursor to borrowing a few $mill to exercise the option), and we are going ahead with exercising the option to acquire c.54% of the mines and get full operational control of the project.
So yes, things are progressing well.

driver - 15 Feb 2011 17:05 - 269 of 859

All looks good to me, long term hold steady as she goes.

gibby - 15 Feb 2011 21:16 - 270 of 859

yep happy with that - no show stoppers - sp reacted as expected really - satisfactory day at the office of rrr imo

martinl2 - 16 Feb 2011 09:39 - 271 of 859

Overreacted now. The 'bad news' is out of the way now I feel, and from here things (tonnage, grade, sale of gold) should improve incrementally at Colombia. We are taking control of the mines from MFP via our options to acquire 51%+ of the company and once this gets up and running to full capacity with the required parts delivered and installed for the large floation tank, we will be making a lot of money.
Plus there is also plenty of other news due on other projects.

driver - 16 Feb 2011 12:13 - 272 of 859

m2
Agree this is a good time to top up, there is to much going on with RRR to sell at this stage its to late to trade we all know where the sp will be in a few years 50p-80p? This is a top up on the dips share and patience needed on the way.

HARRYCAT - 16 Feb 2011 12:17 - 273 of 859

This is more than a dip. It is a strong down trend. Hopefully the 200 DMA will provide support. Why buy when the sp is still in this trend? I hold atm, but am annoyed with myself for hanging on when the chart screamed sell. Until the down trend is broken, why try and catch a falling knife?
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