Update on certain transactions
Cash from September sale received and Power Metal Resources payment completed as scheduled.
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Red Rock Resources Plc, the natural resource exploration and development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia announces an update on the sale reported on 12th September 2025 (the "Sale") and the rescheduled purchase payment announced on 21st July 2025 and due to be paid to Power Metal Resources PLC on 19th September 2025 (the "POW payment")..
The cash component of the consideration for the Sale has been duly received by the Company and the POW payment has been duly made.
Red Rock Chairman Andrew Bell comments: "The potential sale of certain gold assets in Ivory Coast, in respect of which the Company received exclusivity payments, is finalising documentation and assuming the parties remain ad idem as to indicative terms would be ready for execution shortly. Given the rise in the gold price, the Company would in any case be unlikely to extend exclusivity beyond mid-October.
The Company also is expecting to be in a position to provide an update as to developments in the DRC and other progress."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.