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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 ....
Australia Gold Joint Venture - Update Two further licences granted with the JV now holding seven granted licences Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to announce an update 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 Victoria Goldfields. Power Metal has a 49.9% interest in RRAL, with Red Rock Resources plc ( Red Rock )(LON:RRR) holding a 50.1% interest. Highlights: · Following grant to RRAL of its first five gold exploration licences in Victoria, announced on 2 February 2021 and 17 March 2021, a further two licences have now been granted: ....
Australia Gold Joint Venture - Exploration Update Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to announce an exploration update 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 Victoria Goldfields. Power Metal has a 49.9% interest in RRAL, with Red Rock Resources plc ( Red Rock )(LON:RRR) holding a 50.1% interest. Highlights: · Further to the Company s announcement of 3 February 2021 announcing the commencement of exploration on recently granted exploration licences a sampling and mapping programme has been undertaken. ....