Red Rock Resources plc Update on Kenyan Interests (8825M)
19 September 2019 - 4:01PM
UK Regulatory
TIDMRRR
RNS Number : 8825M
Red Rock Resources plc
19 September 2019
Red Rock Resources PLC
("Red Rock" or the "Company")
Update on mineral interests in Kenya
19 September 2019
Red Rock Resources Plc, the natural resource investment and
development company, announces, further to its announcement of 22
October 2018, latest developments in relation to its mineral
interests in Kenya.
Following the termination in October 2018 by a Consent Order
between the parties of the legal proceedings instituted by Red Rock
and its local partner, the Company caused the appropriate
applications under section 225(6) of the Mining Act 2016 to be
made.
Red Rock is pleased to note the approval for the grant of
licenses by the Mining Rights Board (MRB) on the mining cadastre
website. Upon receipt of official confirmation of intended grant,
the Company will be invited to fulfil fee payment and registration
requirements. The grant of the licences remains subject to the
approval of the Cabinet Secretary and a further announcement will
be made as and when the licences are confirmed.
Andrew Bell, Chairman of Red Rock comments: "We are entering the
last stage of what has been a lengthy process, and thank all
involved.
We look forward to the confirmation of grant, and to renewing
progress towards our aim, which is to have a producing gold
mine."
Note: A project summary was included in the announcement of 22
October 2018. An updated summary will be released upon conclusion
of the grant process.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0207 374 2212 Broker First Equity Ltd
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END
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