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Red Rock Resources moves towards production on administrative progress

ALN

Red Rock Resources PLC on Tuesday celebrated progress at its project in Zimbabwe on the completion of several administrative, technical, and regulatory tasks.

Red Rock is an Africa and Australia-focused natural resource development company.

Both the environmental management plan and site of works plan for its Tin Hill licence were approved by the environmental management agency in Zimbabwe in January.

Following the completion of stakeholder and community engagement, the environmental impact assessment - or EIA - for Tin Hill has now also been submitted. The company said that approval of the EIA should happen anytime from mid-February onwards, after which additional geologists and staff will be mobilised to the site.

Red Rock also noted the appearance of ‘illegal miners’ on site in February, which caused two weeks delay while they were removed.

‘Work has progressed in Zimbabwe on key administrative, technical and regulatory tasks, and with the conclusion of the community engagement programme we have now filed the complete EIA for our first planned lithium production site, Tin Hill, for approval...We look forward to updating the market over the next weeks as we move towards first production,’ said Chair Andrew Bell.

Red Rock shares were trading 7.0% lower at 0.20 pence each in London on Tuesday afternoon.

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