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Red Rock Resources PLC

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Market:
AIM
Market Cap:
£3.04 m
Price
0.45 GBX
Change
0.00%
52 weeks high
0.70
52 weeks low
0.40

Vision & Strategy

Red Rock creates shareholder value by participating in a diverse portfolio of projects and investments with exposure to commodities across multiple stages of the natural resource cycle. With growing cash-generation from its gold and oil investments, the Company has a platform for growth both organically and from new strategic opportunities.

Strategy

Red Rock executes its corporate strategy designed to create value for investors by leveraging its deep portfolio of existing mineral exploration projects, its more recent ventures into cash generative oil and gas plays as well as its many years of transactional expertise. Project development and investments may include all phases of the natural resource development cycle where the opportunity to add and realise value has been identified.

The Company feels that its broad exposure to a series of commodities from gold and iron to oil and manganese well positions it for outperformance as natural resource markets recover. With both early-stage and production assets, Red Rock seeks to generate revenues to cover heavily reduced overheads while ultimately looking to fund future growth from operational cash flow.

Strategic priorities

  • Short term cash generation
  • Longer term portfolio optimisation and disposal
  • Opportunistic investments at the bottom of the natural resource cycle

Group structure

The Company operates with a lean organisational structure designed to minimise overhead costs.

Key performance indicators

At this stage in the company’s development, the directors regularly monitor key performance indicators associated with liquidity, primary cash flows and bank balances; general administrative expenses, which have been significantly reduced and remain very low relative to its peers; as well as share price performance and appreciation.

Steel Feed

Red Rock has an Investment in a Producing Manganese Asset in South Africa. 

Jupiter Mines

  • RRR: Owns ~1% of Jupiter Mines Ltd.
  • Manganese Production in South Africa
  • Targeting 3MT+ in 2018-19
  • Completed a A$240 million IPO in April 2018
  • Payout Ratio of 70% from Tshipi Mine Expected
  • Reviewing Yilgarn Iron Ore Projects

View Project

 

Gold

The Company has exposure to gold production in Colombia as well as gold exploration in Kenya, Ivory Coast and Ghana.

Migori Gold Project

RRR: 100% Economic Interest
RRR: 75% Project Interest
1.2Moz gold JORC Resource
Kenyan Greenstone Belt
Exploring Partnership Opportunities

View Project

 

Copper

Red Rock has exposure to Copper and Cobalt exploration via its interests in the Democratic Republic of Congo

VUP Copper/Cobalt JV

  • RRR: 50.1% Interest - Control of Joint Venture
  • 3 Copper/Cobalt Licenses in the hear of the Katanga Segment - Central African Copperbelt
  • Significant Activity by Majors in the Region
  • Sizeable Estimated In-Situ Values
  • Mining/Production licenses - Fast Track to Production Available

View Project

 

Oil and Gas

Red Rock has producing oil and gas investments in the United States and interests in petroleum exploration onshore in Benin.

Elephant Oil Ltd

  • RRR: 4.64% Interest
  • Onshore Oil Exploration – Benin
  • Underexplored West African Transform Margin
  • Large Analogous Fields Offshore - Onshore Accumulation Likely
  • Strategy to Seek Large Early Stage Exploration Uplift

View Project

 

Multi Commodity

Through its investments Red Rock offers exposure to a wide variety of commodities including metallurgical coal, nickel and nickel processing technology, as well as coal bed methane.

Regency Mines PLC

  • RRR: 1.69m Shares
  • Multi-Project Natural Resource Developer
  • Listed in London on AIM: RGM
  • Traditional Focus on Base Metal Exploration
  • Expanding Into Metallurgical Coal Production

View Investment

UK.

Board of Directors

Andrew Bell, MA, LLB

Andrew Bell, MA, LLB

Executive Chairman

Scott Kaintz, BSc, MBA

Scott Kaintz, BSc, MBA

Executive Director

Michael Nott, BSc, MSc, DIC, FIMMM, FMES, FIQ, C.Eng

Michael Nott, BSc, MSc, DIC, FIMMM, FMES, FIQ, C.Eng

Non-Executive Director

Sam Quinn, BA, LLB

Sam Quinn, BA, LLB

Non-Executive Director

 

Head office

Business office

Red Rock Resources (We Work)
71-91 Aldwych House
London, WC2B 4HN

T: +44 20 7747 9990
F: +44 20 7747 9998
E: [email protected]

Registered office
Red Rock Resources Plc
Salisbury House
London Wall
London
WC1E 6HQ

Nominated Advisor

Beaumont Cornish Limited
29 Wilson Street
London EC2M 2SJ
UK

Nominated Advisor

Beaumont Cornish Limited
29 Wilson Street
London EC2M 2SJ
UK

AIM Broker

First Equity Limited
Salisbury House
156 London Wall
London
EC2M 5QQ

Auditor

Chapman Davis LLP
2 Chapel Court
London SE1 1HH

Accountants

Silvertree Partners LLP
3rd Floor, 14 Hanover Street
London W1S 1YH

Solicitors

Druces LLP
Salisbury House
London Wall
London EC2M 5PS

Registrars

Share Registrars Ltd
The Courtyard, 17 West Street
Farnham GU9 7DR