Source - Alliance News

Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Releases update in relation to the arbitration in the Democratic Republic of Congo with respect to the $10 million claim the company is pursuing relating to the VUP copper-cobalt joint venture. Notes last Monday, a subsidiary received judgement for $2.5 million while the results of an arbitration hearing in order to obtain $7.5 million was pending. Red Rock says a draft of the arbitration award has been received and an update will be provided as soon as possible - perhaps by Friday. In Australia, work continues on two key local gold projects - Berringa Mine and Ajax Mine. Continues to discuss with its partner the best structure for going forward. Says sourcing capital to drill these tenements will be a priority in 2024 to bring one of these gold targets into JORC-compliant resource status. Listing Red Rock on the ASX is also being considered now to realise value for shareholders and provide the funds necessary to further advance the projects.

Current stock price: 0.085 pence

12-month change: down 73%

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