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Red Rock Resources submits new licence applications to explore Victoria Goldfields in Queensland

Red Rock Resources PLC (LON:RRR) chairman Andrew Bell tells Proactive it has applied for new licences in the Victoria Goldfields of Queensland, Australia through its joint venture Red Rock Resources Australasia with Power Metal Resources PLC (LON:POW).

Bell says the ground under application covers 215 square kilometres, bringing the total licence area under application by Red Rock Australasia to 919 square kilometres.

Quick facts: Red Rock Resources PLC

Price: 0.405 GBX

AIM:RRR
Market: AIM
Market Cap: £2.82 m
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Red Rock Resources PLC boss hoping to be cash flow positive by year's end

Andrew Bell, chairman of Red Rock Resources PLC (LON:RRR), is hopeful that the mineral exploration and production company will be ”showing appreciable positive cash flows” by the end of 2016. Bell tells Proactive that if everything goes to plan at Shoats Creek, Red Rock will also “be...

on 04/01/2016

2 min read