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 iron ore interests are also held through its strategic holding in Jupiter Mines Limited (ASX:JMS).
Red Rock Resources plc was established in September 2004 to pursue mineral exploration 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.
Red Rock's Initial Public Offering on the London Stock Exchange's AIM market was in July 2005. Where it has a history of maximising the value of its assets through exploration, team building and strategic alliances. 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. A Mining Lease Application was submitted to the Kenyan government and Red Rock has ongoing interpretations of historic and recent results and is planning for advanced exploration.
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. Preliminary geochemical programmes have been completed on two of the licences and ground exploration is to begin in 2015. In April 2015 Red Rock sold its gold interests in Colombia for total proceeds of $5 million which was divided into three tranches.