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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More stunning news.

You gotta love this share :)

Did anyone attend last night's presentation?

If so, any feedback would be welcome.

I hear we are about to become a gold producer?

Looking forward to that.

yes and watch this 30 nov apparently

And did I see somewhere they are ahead of schedule?

ditto

kerrrchinnnnng! soon

Nice rise today based on RNS below:

Updates re Colombia and Jupit
RNS Number : 8821V
Red Rock Resources plc
09 November 2010



RED ROCK RESOURCES PLC

Update on Colombia - Additional loan facility

Update re Jupiter Mines - Tshipi completion and additional resource

Dated: 9 November 2010



Update on Colombia



Red Rock Resources plc ("RRR", "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 scheduled progress of its Colombian operations, following a further visit to the site by Red Rock directors.



Progress as reported on 30 September 2010 and 19 October 2010 remains on schedule at El Limon and ahead of schedule at the Machuca mine. The target date for operation of all stages of the El Limon mine and plant remains 30 November. The earlier stages, the conveyors and crushing plant, are being commissioned ahead of schedule with the first 170 tonne (pre-crushing) ore bin already being filled, while the second 600 tonne (post-crushing) ore bin will start being filled next week.



Full gold production is expected to proceed as planned by the end of December 2010.



The Machuca mine is expected to be brought into production early, increasing the ore available for processing at the El Limon plant. Initial processing of ore will utilize remnant and stockpiled ore from upper levels of the El Limon mine and from current underground exploration. It is anticipated that head grades into the plant in the first month of operation will therefore be lower than the long-term average.



The Company has remitted Mineras Four Points SA ("MFP") an additional sum of USD 250,000 above the USD 2,000,000 initially budgeted. It has also offered further conditional facilities of up to USD 750,000. This short-term funding will (a) enable the second mine, Machuca, to be brought into production at the same time as El Limon, (b) finance other additional works including underground exploration and advance stockpiling of ore, and (c) provide for cost overruns including unbudgeted working capital requirements for personnel costs and other contingencies.



The plan had previously been to leave Machuca development until a later date, when it could be developed with cash flow from El Limon, in order that the requirement for simultaneous development of two mines should not overstretch local management. However it has been found operationally more efficient to conduct the development of the two mines in parallel.



The faster than budgeted development of Machuca, the transitional costs associated with conversion of existing miners from self employed contracts to full time employees (and their employment on mine development and not production), and cost overruns on other items (partly due to foreign exchange movements), have highlighted both the speed and efficiency of MFP's operational management and also a lack of financial planning personnel within MFP. An experienced chief financial officer has now been appointed to strengthen financial controls with an immediate remit to provide improved budgeting and financial information. RRR will have approval rights over current and future occupants of this position.





The Loan facilities, which have been agreed in principle but not yet executed, will be structured in two parts under a secondary funding agreement (the "Second Agreement"):



1. The New Loan: USD 500,000 in two USD 250,000 tranches. The first tranche was advanced on 3 November 2010. The second is conditional on the receipt of a detailed budget for both tranches which is to be agreed by RRR. Repayment of the loan will include interest at 1.25% per month (or part thereof). The loan must be fully paid (plus interest) by 3 March 2011, after which a 1% per month penalty will apply.



2. The Additional Draw Down Facility (ADF) will, if required by MFP, and conditional on compliance with the New Loan terms, consist of USD 500,000 on the same repayment terms as The New Loan but which will include warrants to RRR on the following terms:



a. The First Warrant: the first USD 200,000 draw down from the ADF by MFP will give RRR the right for one year to subscribe for 1% of MFP's enlarged issued share capital for USD 100,000.

b. The Second Warrant: for each USD 100,000 (or part thereof) of the second USD 300,000 draw down from the ADF by MFP, RRR will have the right for one year to subscribe for 1.5% of MFP's enlarged issued share capital for USD 100,000.



A fee of 6 per cent. on any amounts drawn down under the New Loan will be due and payable to RRR on 31 January 2011 or two months after drawdown if later. This will reduce to 5 per cent. if all amounts under the Second Agreement are repaid before 31 January 2011.



Under the Funding and Cooperation Agreement with MFP announced on 10 June 2010, Red Rock already has options (a) exercisable for two years to acquire 50% of the issued share capital of MFP for USD 6,500,000 ("Option 1"), and (b) exercisable for three years to acquire 1% of the issued capital of MFP for USD 1,000,000 ("Option 2").



Update on Jupiter Mines Ltd's Tshipi Kalahari Manganese Project ("Tshipi")



Jupiter Mines Limited ("Jupiter"; ASX: JMS) has now completed the acquisition of a 49.9 per cent interest in Tshipi and RRR's interest in JMS has reduced to 5.23 per cent. as previously announced.



Jupiter today announced an increase in the mineral resources at Tshipi with an additional 145 million tonnes at 31.75% Manganese JORC and SAMREC compliant resource in the 17m thick "Top-Cut" directly above the existing geological sequence which hosts the previously announced mineral resource estimate of 163 million tonnes at 37.1% Manganese.



The full text of the Jupiter announcement may be accessed via http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=JMS



Further updates will be provided on a regular basis.

yep as expected - lol lol lol lol

kerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrchhhhhhhhhhhhhhhiiiiiiiiiiiiiiiiiiiiinnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnggggggggggggggggggggggggggggggggggggggggggggggggggg


gla

Nice :)

Looking forward to the Kenya update.

Bought in yesterday at 7.4 not much chat on here considering the rise in the last couple of days.

can anyone see this going higher in the short term??

kosyboy
Yes, further announcements at the end of Nov and at the end of Dec.

What sort of rise do you see

kosyboy
15p-20p + by year end then onwards and upwards if all goes well.

Proactive investors
Tuesday, November 09, 2010
Red Rock Resources gets massive boost after corporate update

Red Rock Resources (LON:RRR) shares rocketed in afternoon trade after the group announced plans to fast-track a second gold mine in Colombia, and highlighted a substantial resource upgrade at Jupiters newly acquired Tshipi manganese project in South Africa.

The shares were trading up 43 percent in late afternoon deals at around 8.90 pence, off intraday rises of more than 50 percent.

Red Rock also confirmed that associate Jupiter Mines (ASX:JMS) has now completed the deal to acquire a 49.9 percent stake in the massive Tshipi Kalahari manganese project in South Africa. Simultaneously it reported a substantial increase to Tshipis JORC resource.

In Colombia, Red Rock and its associate, Mineras Four Points SA (MFP), have decided to fast-track the development of the Machuca min, bringing gold production online alongside the El Limon mine at the end of December.

Initially Machuca was scheduled for development at a later date, supported by cash-flow from El Limon, but now the companies believe that a simultaneous development would be more efficient.

Red Rock and MFP have arranged a second loan agreement to fund the Machuca development.

It will provide up to 1 million in new financing - with 500,000 in loans and a separate additional draw-down facility.

Red Rock has options over 51 percent of MFPs equity, via the terms of the initial financing deal agreed in June.

Jupiter upgraded the Tshipi resource, with an additional 145 million tonnes at 31.75 percent manganese. The latest resource adds to the existing 163 million tonnes at 37.1% Manganese.

Back in March Jupiter agreed a deal with Pallinghurst Resources (JSE: PGL) to acquire the massive manganese project (163.23m tonnes grading 37.1%), in a A$490m share-based transaction,

Jupiter will issue around 1.1bn new shares to the Pallinghurst co-investors at a price of A$0.2110 per share.

Red Rock now owns a 5.23 percent stake in Jupiter - down from 22 percent - now that the transformational merger is completed.

Also
http://af.reuters.com/article/metalsNews/idAFSGE6A80NU20101109

It keeps rising

Nice finish up another 12%

You've had a good 4 days driver.
2517

In as well.....lot of aim performers, this autumn....

After watching RRR wallow in the 2p/3.5p zone for so long it's great to see some real movement at last.

GEORGE
Ive had worse weeks, same again next week heres hoping.