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Red Rock Resources enters final stage of licence restoration phase in Kenya

"We look forward to the confirmation of grant, and to renewing progress towards our aim, which is to have a producing gold mine."

Gold nuggets
The group recently settled legal proceedings for the restoration of its rights over gold assets in Kenya

Red Rock Resources PLC (LON:RRR) expects to receive official confirmation of the grant of licences for its mineral assets in Kenya soon.

The company said that an online register of ownership has been updated to indicate official approval of the granting of the licences by the Mining Rights Board, and it now expects to be invited in the near future to pay the licence fee and fulfil the registration requirements.

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The grant of the licences remains subject to the approval of the Cabinet Secretary and a further announcement will be made as and when the licences are confirmed.

“We are entering the last stage of what has been a lengthy process, and thank all involved,” said Andrew Bell, the chairman of Red Rock.

Quick facts: Red Rock Resources PLC

Price: 0.305 GBX

Market: AIM
Market Cap: £2.13 m

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on 1/4/16

2 min read