About us

Red Rock Resources plc is a mineral exploration company focussed on the discovery and development of gold and iron ore.

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, gold production in Colombia 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).


In pursuit of its goals, Red Rock has created a strategy revolving around the following:

  • investing in projects and opportunities, which can be enhanced through exploration, development and corporate transactions; and
  • creating a disciplined framework for value creation through a diversity of projects, an actively managed project pipeline and clearly identified likely exit points.
Red Rock adds value to its projects through activities which include exploration and development, deposit delineation, sales, joint ventures, retention of royalties and other transactions. Red Rock has a strong geological and technical team at its core, and a focus on disciplined and cost-effective exploration through critical path analysis.

Creating value for shareholders

The changes in quality and quantity of the assets of the Company over the past several years have come both through a combination of transactional activity, laying off risk while preserving upside, and successful exploration.
Jupiter Mines
  • Fe tenements vended into Jupiter Mines (ASX:JMS) in 2009
  • Highest shareholding approximately 25%
  • Tshipi Borwa Mine brought into production
  • Partial sale of royalty interest yields US$6 million in 2012, with further payments possible
  • AUD$12.1 million raised through multiple disposals of JMS shares
  • Current holding approx. AUD$1.7 million
  • Gold exploration licences acquired 2009, with a 15% direct interest
  • Inherited dataset required further validation
  • Resources brought to JORC standard and new JORC Indicated and Inferred Mineral Resources established
  • Pit optimisation completed for hard rock resource
  • Mining Lease Application for tailings resource
  • Feasibility study underway
  • Greenfield mineral exploration licences acquired 2011 with 25% ownership
  • One geological reconnaissance season, and one exploration drilling season
  • 67Mt @31.4%Fe JORC-compliant Inferred Mineral Resource Estimate
  • Ownership increased to 60%
  • Significant sale now in progress
  • Took operating control of El Limon gold mine 2011
  • First foray into production
  • Mine re-opened
  • Cash cost cut to approx. USD$850 per oz
  • Mine development work improving performance
  • Ownership at 50.002%
  • Several parties interested in purchase


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 and Colombia, and most recently an iron ore asset in Greenland.

Red Rock's Initial Public Offering on the London Stock Exchange's AIM market was in July 2005. RRR 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 is waiting for approval post-2013 election. A pit optimisation study has been completed, and a feasibility study is taking place in 2014.

An interest in an iron ore project in northwest Greenland was acquired in 2011. Field reconnaissance and exploration drilling took place in the summers of 2011 and 2012 respectively, with the result of a JORC Inferred Mineral Resource Estimate of 67 million tons (mt) magnetite at 31.4% Fe declared for the project in December 2012. The majority of Red Rock’s stake in the project is currently under offer.