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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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gibby - 08 May 2011 22:07 - 398 of 859

timing of cc not a problem to me - i have had ccs at all hours especially when participants are scattered across the globe - nothing wrong imo with the timing - gl
i expect blue tomorrow here - double figures again

gibby - 09 May 2011 07:48 - 399 of 859

http://www.investegate.co.uk/Article.aspx?id=201105090726401821G

RED ROCK RESOURCES PLC

Update and Appointments

Dated: 9 May 2011



Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya, and Colombia, and interests in steel feed, uranium, and rare earths reports on developments.



Appointments



The Company is pleased to announce appointments at its 24.7 per cent. associate Resource Star Limited (ASX: RSL) and in its Colombian operations.



RSL, the ASX listed uranium and specialty metals exploration company, has appointed Simon Heggen as Managing Director and Chief Executive Officer as RSL moves to a new phase of its development on both the exploration and the corporate fronts. Simon Heggen brings with him over 25 years of Australian and international corporate and business development experience spent largely in the resource sector. Between 1995 and 2005, He was Group Manager Business Development at WMC Resources, the publicly listed company acquired by BHP Billiton. He has also worked at managerial and board level at other leading companies, including Boral, Wesfarmers, and Schroders Australia. Most recently he served as a director of Austock Corporate Finance from 2007 to 2009, focused on equity capital market and merger and acquisition transactions, and as director of a private corporate advisory company.



Andrew Bell, Red Rock's representative on the RSL board, will remain on the RSL Board as its chairman.



Richard Evans remains as a consultant and geological adviser to RSL, and will take up in addition a wider role within Red Rock as Chief Scientific Adviser. Mr Evans has a BSc degree in geology from the University of Melbourne and a postgraduate qualification in business studies. He is a Member of the Australasian Institute of Mining and Metallurgy, with 25 years' experience in the mining industry. He spent 18 years with WMC Limited in a variety of technical, commercial and managerial roles; including front-line exploration and production, project assessment and feasibility. This also included five years based in South Africa and Mozambique progressing WMC's Corridor Sands Project. Since 2009 he has worked with RSL as CEO and latterly as geological consultant.



The full text of the announcement is given at: http://www.asx.com.au/asxpdf/20110509/pdf/41yjl3hgg43ybs.pdf



In addition, the Company has engaged the services from 21st May of Oscar Alvarado, initially as Chief Mining Operations and Development Officer. Sr Alvarado, who has dual Peruvian and Canadian nationality, will for an initial period be tasked with optimising the operations of the Company's 51% owned subsidiary Mineras Four Points SA (MFP) at El Limon and Machuca, through training, operational adjustments, and mechanization where appropriate, and putting in place management and systems appropriate to the Company's long-term development plans in South America. It is envisaged that Sr Alvarado will then move to a senior group-wide role.



Oscar Alvarado graduated with a BSc in Mining Engineering from the National University of Engineering in Peru, and later returned to the academic world to obtain an M.B.A. from Nova University in Florida, and an MSc in Mineral Economics from Queen's University in Kingston, Ontario, where he carried out further studies in metallurgy. He is a Member of the Canadian Institute of Mining, the Australasian Institute of Mining and Metallurgy, and the South African Institute of Mining and Metallurgy.



Sr Alvarado has 37 years of mining experience, beginning as a Mine Foreman, later a Mine Superintendent, and having his first Mine Manager's position in 1979 at Minas San Cristobal in El Salvador. In 1984-5 he was Project Manager on the design and construction of a 200 tpd mine-mill complex mining narrow high-grade gold veins in Choco, Colombia. He subsequently worked for 12 years for Noranda, Inc in Canada and Latin America, where he was Business Development Manager, for Placer Dome in South Africa, in a senior management post at Ok Tedi in Papua New Guinea, as a study manager for BHP-Billiton's Olympic Dam expansion, before a period at the World Bank/IFC. From 2007 to 2010 he was Technical Director at Kazakhmys plc, and from 2010 to 2011 Technical Director at Hochschild Mining plc based in Lima.



The appointment of Oscar Alvarado is an important step in the Company's programme of strengthening its technical and operational capabilities.



Kenya

Further metallurgical results on the Macalder tailings have been received from Amdel Laboratories in Perth and are being assessed by the Company's metallurgist.



The drill programme at Migori intensified despite the rains as each drill from overseas arrived and was brought into operation. After 1,679m drilled in March, 3,481m were drilled in April and 1,637m in the first six days of May.



The current programme is expected to continue into July, and may be extended.



Colombia



The Company has put in place new corporate management at Mineras Four Points SA since acquiring 51% in March 2011, and in conjunction with that management has made key staff changes at the mine. These changes have already yielded results, and the improvement is continuing. Daily throughput figures for tonnages continue to increase progressively as the mine and plant operations are improved, but are not yet at satisfactory levels.



Production of gold has been on a batch system, because of small volumes of material to date, and is mainly recent, because of replacement of a furnace. Some gold is held in concentrate, and figures for gold production on a daily basis are not yet available, but will be released as soon as a meaningful run of figures can be produced.



Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1821G_-2011-5-9.pdf


As noted above, the Company has engaged a highly qualified engineer and manager with experience in building and running high grade narrow vein gold mines and gold plants in South America to take immediate hands-on leadership of the process of management recruitment, workforce training, operation, and investment at the MFP mines.



Key investments - appointment at Jupiter Mines Ltd



The Company's key investment and former associated company, Jupiter Mines Ltd (ASX:JMS), where Red Rock continues to hold 74,200,832 shares, announced today the appointment of Richard Mehan as CEO and Managing Director.



Richard Mehan, an economics graduate from Monash University in Victoria, has over 25 years experience in the iron ore and coal sectors, and was most recently President and CEO Asia Pacific of Cliffs Natural Resources Pty Ltd. He was Managing Director and CEO of Portman Limited before its takeover by Cliffs Natural Resources Inc., an S&P 500 company, and was instrumental in transforming Portman into a profitable 9m tpa iron ore exporter through Esperance port. Most of the issues faced by JMS in developing its Mt Mason and Mt Ida iron ore projects (Red Rock has a 1.5% gross production royalty over Mt Ida) are similar to those faced by Portman at that time.



Previously Richard Mehan worked for 15 years for Rio Tinto in sales, marketing, business development, and logistics.



The full text of the announcement is given at: http://www.asx.com.au/asxpdf/20110509/pdf/41yjl84k74m81p.pdf

gibby - 09 May 2011 08:13 - 400 of 859

heading in the right direction - more to come imo

Balerboy - 09 May 2011 08:36 - 401 of 859

Did i miss the spike........more of one on xel.,.

martinl2 - 09 May 2011 09:55 - 402 of 859

Shorts still not closing it looks like (unless they closed Friday), but they will.

martinl2 - 09 May 2011 13:05 - 403 of 859

There you go, they're still at it.

Balerboy - 09 May 2011 13:41 - 404 of 859

Thats another fine mess you've gotten me into!! .,.

martinl2 - 09 May 2011 17:04 - 405 of 859

Damn those shorters.

martinl2 - 11 May 2011 15:57 - 406 of 859

The market seems to have totally missed (or ignored) the appointment of Mr Alvarado. I guess we'll have to wait until he starts getting results.

Meanwhile we have Kenya news to look forward to, any time now.

Balerboy - 11 May 2011 16:09 - 407 of 859

I don't believe you martin.....your just toying with us.,.

martinl2 - 11 May 2011 16:21 - 408 of 859

What don't you believe Balerboy? Maybe you'd like to read the last RNS?

Balerboy - 11 May 2011 16:29 - 409 of 859

you promised 10p+ last rns......

HARRYCAT - 11 May 2011 16:30 - 410 of 859

Looks like a 'buy' at 6p?

martinl2 - 11 May 2011 16:40 - 411 of 859

I never promised anything balerboy and I'm in no position to!

martinl2 - 11 May 2011 19:06 - 412 of 859

I see from your profile you describe yourself as "a complete and utter novice at share dealing". Well let me give you some advice from my 10+years of dealing in the stockmarket:
Never take direction from other people's opinions, always form your own solid opinion by doing your own research into the company. It also appears you're trying to short-term trade. The truth is only a fraction of people who do this are any good at it, its a lot harder than it looks. You would do a lot better doing research into companies and if you feel they are worth investing in, buy and hold until either the facts change or you feel it has reached its fair value.

Balerboy - 11 May 2011 21:48 - 413 of 859

It was entirely my decision to top up with a few as i have learnt over the last 4-5 yrs that most on here have an agenda for themselves. Am having fun and also making money but maybe not in large quantities. 50% of my holding are long term and play with the rest. Not such a novice now as I was.....maybe I should change my profile a bit. lol Thanks for your input anyway, does share dealing and banter have to be boringly dull.......I hope not. BB

Balerboy - 16 May 2011 08:39 - 414 of 859

oooohh i've had a little rise on this one this morning, 15%.,.

gibby - 16 May 2011 09:20 - 415 of 859

well done bb - hope you banked some!

Update: Red Rock Resources and Futura Medical
15

05

2011
Red Rock Resources (RRR) 7.2p

Things at last seem to be moving in the right direction at RRR (even if price isntyet) with a nice after hours RNS on Friday announcing definite figures from El Limon, alongside figures for actual gold sold to market:

Production of gold ore at the El Limon mine in Colombia has continued the upward trend shown in the Companys announcement of 9 May 2011 and ran at a level of 40.2 tons per day in the first ten days of May, with production in the current week of over 50 tpd. Throughput into the processing plant also continued to increase, running at 47.4 tpd grading 6.47 g/t in the first week of May and 50.7 tpd grading 9.37 g/t in the first three days of the current week.

707.33 grams of gold and 581 grams of silver were sold in the first week of May.

In money terms this equates to:
707g gold = approx 23 ounces = roughly 21k (with the silver being worth less than 500)

RRR get 51% of this (51% ownership of MFP) so on an annualised basis we would be looking at a little over 500k per annum. BUT these figures are for gold sold during the first week of May. We also now know that production rate was increased in the first week of May, and again in the second week of May. And we have the highly experience Sr Alvarado arriving in a matter of days now to further enhance productivity so it would seem that finally, were getting there.

As mentioned in the conference call, the tailings results from Kenya have been late arriving but have been trickling in over the course of last week so there is a good chance we should be getting these results at some point during this week. So all things being well, this should be a much more positive week for Red Rock as those factors which have been weighing on the share price are gradually being eliminated.

gibby - 16 May 2011 09:24 - 416 of 859

and bb....

kerrrrrrrrrrchinnnnnnnnnnnngggggggggggggggggg

i would not wanna be outta rrr right now!!

driver - 16 May 2011 09:26 - 417 of 859

Nice bit of news for a change.
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