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Red Rock Resources updates on Jupiter Mines spin-off plans, Australian joint venture with Power Metal Resources
For the joint venture, Red Rock Resources Australia, the two companies said a further two licences have been approved covering 569 square kilometres
Red Rock Resources PLC (LON:RRR) has updated investors on the spin-off plans for its interest in Jupiter Mines Ltd (ASX:JMS), as well as ongoing progress at Red Rock Australia Ltd (RRAL), its joint venture company with Power Metal Resources PLC (LON:POW).
Regarding Jupiter Mines, Red Rock said the final dividend for the firm for the year ending February 28, 2021, of A$0.02 per share will be payable on May 27, from which Red Rock will receive around £150,000.
29 April 2021 Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and base metals, announces an update in respect of its interest in Jupiter Mines Ltd (ASX:JMS)( Jupiter ) and its spin-off plans, and in respect of Red Rock Australasia Pty Ltd ( RRAL ) a joint venture company with gold exploration interests near the historic mining centre of Ballarat in the Gold Fields of Victoria. Red Rock owns 50.1% of RRAL, with 49.9% being owned by Power Metal Resources plc (AIM:POW). Key points · The Jupiter final dividend for the year ending 28 February 2021 of AUD 0.02 per share will be payable on 27