Description
Red Rock at listing in July 2005 was focused on high grade manganese and iron ore: the 695 sq km Oakover tenements in the East Pilbara Manganese Province in Western Australia (WA), and 619 sq km of haematite and magnetite prospective ground in WA and Tasmania. RRR later acquired additional 2,227 sq km of tenements in the Northern Territory (NT) of Australia. These contained further iron ore mineralization and manganese targets, but also significant uranium and gold occurrences on which previous exploration had been carried out. RRR in December 2005 extended its uranium portfolio to include two significant licenses totalling 459 sq km in Malawi, with a further license under application. RRR in May 2006 acquired a license covering a significant high grade manganese deposit in Zambia. The company’s focus therefore is now on manganese, uranium, iron ore, and gold. The company is exploring the possibility of enlarging and separately funding its uranium/energy and gold portfolios, in order to concentrate its funds on moving to early bulk production and sales of manganese.
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