Red Rock Resources plc is listed on London’s AIM market (AIM: RRR). The principal activities of Red Rock Resources plc ("the Company" or "Red Rock") are gold exploration in Kenya and Ivory Coast, and iron ore exploration in Greenland. The Company’s manganese interests are held through its strategic holding in Jupiter Mines Limited. Red Rock also has investments in oil and gas in the United States.
Red Rock Resources plc was established in September 2004 to pursue mineral exploration and development opportunities. Initially these opportunities were located in Australia, in particular the Northern Territory and Western Australia, and were focussed on iron ore, manganese and later uranium. Over time the Company acquired more assets in central and eastern Africa, notably uranium properties in Malawi, gold in Kenya, Ivory Coast and Colombia, and iron ore in Greenland. More recently the Company has invested in oil and gas development assets in the United States.
Red Rock's Initial Public Offering on the London Stock Exchange's AIM market was in July 2005. In May 2006 Red Rock granted options over two of its iron ore tenements in Western Australia to Jupiter Mines Limited (ASX: JMS) and in 2009 with the Pallinghurst group it acquired control. Jupiter Mines, has since opened the Tshipi Borwa manganese mine in South Africa, one of the world's largest manganese, and with a life expectancy of 60+ years.
In 2009 Red Rock invested directly and indirectly in Mid Migori Mining Company Limited, the holders of a 68km Special Prospecting Licence on the Migori gold belt in south-west Kenya. In 2012, JORC resource estimates were completed at 0.5 g/t Au cut-off: 29.4 Mt @ 1.26 g/t Au with contained metal content of 1.193 MOz Au.
In 2012 following two seasons of exploration in Greenland the Company completed a JORC resource estimate at its Melville Bugt project including 67mt of magnetite at 31.4% Fe. Davis tube samples show a high quality concentrate with mass recoveries of 40% for a concentrate grading at 70% Fe. Recognised potential for high grade haematite (Direct Shipping Ore) with grades in excess of 60% Fe in the eastern license area.
In 2014 Red Rock acquired three licences in Ivory Coast and interests in several additional pending exploration permits. The ground obtained in various parts of the country is highly prospective. Ivory Coast contains more than a third of the Birimian greenstone geology yet has only undergone systematic exploration in recent years.
In April 2015 Red Rock sold its gold interests in Colombia for total proceeds of $5 million which was divided into three tranches.
In 2016 Red Rock became a oil and gas producer following initial production at its 20% working interest in the LM20 well at the Shoats Creek oil project in Louisiana. Additional development at Shoats Creek is currently planned.