Red Rock Resources Plc

Name

Red Rock Resources Plc

Legal name

Red Rock Resources Plc

Website

https://rrrplc.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Mineral Exploration & Development

NAICS

Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Mineral exploration
• Gold mining development
• Copper-cobalt exploration
• Oil and gas exploration
• Joint venture development

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Project Development and Investment Returns: The company creates value through developing its projects and investments and by participating in JVs and strategic partnerships, through asset sales and disposals as well as royalties. The company has exposure to gold production in Colombia as well as gold exploration assets across multiple countries.
2. Dividend Income: The company receives dividends from its strategic investments, including from Jupiter Mines Ltd (ASX:JMS) where it holds approximately 0.95% interest. Received over £600,000 in dividends from Jupiter Mines investment in 2019.
3. Royalty Streams: Annual royalty stream expected from Colombian Gold Disposal ($250,000 per year) from the sale of El Limon gold assets in 2015 for $5M with $3M payable by production royalty.
4. Arbitration Awards: Court judgment gained for $2.5m in respect of former VUP JV in DRC, with current arbitration in respect of $15m additional compensation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Red Rock Resources is a natural resource development company that acquires, explores, and develops mineral and oil & gas projects across multiple commodities (gold, copper, cobalt, manganese, lithium, oil, gas) and geographies (Africa, Australia, South America, Greenland). It creates value through project development, joint ventures, strategic partnerships, asset sales and disposals, and royalties, with the company holding direct and indirect interests in operating subsidiaries and listed strategic investments such as Jupiter Mines and African Battery Metals.

Product overview

Red Rock Resources Plc is a natural resource development company listed on AIM (AIM: RRR) that manages a diverse portfolio of production and exploration assets across multiple commodities. The company operates through nine core product/project categories spanning gold (Migori Gold Project in Kenya, New Ballarat Gold Corporation in Australia, Faso Minerals in Burkina Faso, Lac Minerals in Ivory Coast, and El Limon royalties in Colombia), copper-cobalt joint ventures in the DRC, oil and gas through Elephant Oil Ltd in Benin, lithium exploration via African Lithium Resources in Zimbabwe, and infrastructure/social housing development in the DRC. The portfolio spans early-stage exploration through to production assets across Africa, Australia, and South America.

Differentiator

Problem solved

Functional benefit

Products and services

• Migori Gold Project Gold exploration project in Kenya's Migori greenstone belt. Red Rock holds a 75% direct interest in Mid Migori Mining Company Ltd with a 723 koz JORC gold resource across two exploration licenses covering 245 km².
• New Ballarat Gold Corporation Gold exploration project in Victoria Goldfields, Australia. Red Rock Australasia Pty Ltd holds 2,306 sq km of exploration applications in the Ballarat region, with 1,500 sq km granted.
• Faso Minerals Limited (Burkina Faso Gold Project) Gold exploration project in Burkina Faso targeting the Boromo and Banfora Greenstone Belts. Faso Greenstone Resources SARL holds 348 sq km of highly prospective ground with artisanal activity evidencing high-grade gold.
• Lac Minerals Limited (Ivory Coast Gold Project) Gold exploration venture in Ivory Coast with 7 licenses totalling approximately 2,491 km² on Birimian greenstone geology, with additional licenses under assessment and agreement for sale announced.
• El Limon Gold Royalty (Colombia) Gold royalty interest in Colombia from the El Limon mine operated by Soma Gold Corporation, located in the Zaragoza Gold District, generating $250,000 annual royalty stream.
• Copper-Cobalt Joint Ventures (DRC) Copper and cobalt exploration in the DRC. Red Rock holds 80% of Galaxy Joint Venture in Luanshimba and 58% of Kimono JV in the Katanga Segment of the Central African Copperbelt.
• Elephant Oil Ltd Investment Onshore oil exploration investment in Benin, West Africa. Red Rock holds a 4.64% stake in Block B covering 4,590 km² in the Dahomey Embayment.
• African Lithium Resources Lithium exploration project in Zimbabwe, part of the company's infrastructure and battery metals portfolio.
• Infrastructure JV (DRC Social Housing) Joint venture for social housing development in the DRC, initially co-managing construction of factories for manufacture of social housing units, associated with copper and other activities.

Quantifiable outcome

• 723 koz JORC gold resource at Migori project (Kenya)
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Mid Migori Mining Company LtdcoreStrategic or Co-development PartnerRed Rock holds 75% direct interest in Mid Migori Mining Company Ltd (MMM) which controls a 723 koz JORC gold resource in Kenya held in two exploration licenses. RRR holds 100% economic interest. The licences cover approximately 245km² in the SW corner of Kenya.
• Soma Gold CorporationcoreStrategic or Co-development PartnerSoma Gold Corporation operates the El Limon mine and Mill in Colombia. The El Limon mine is located in Northwest Colombia near the town of Zaragoza, Antioquia. Red Rock sold gold assets in Colombia in 2015 for $5M with $3M payable by production royalty. Long term production goal of 25,000oz per year.
• Galaxy Joint Venture (Luanshimba)coreStrategic or Co-development PartnerRed Rock holds 80% of Galaxy Joint Venture in Luanshimba area of DRC. First drilling at Luanshimba encountered copper and cobalt intercepts including 43m at 0.13% Co (with 11m at 0.2%), 3m at 0.37%, and 5m at 0.78%; 6m at 0.61% Cu, 3m at 0.7%, and 3m at 1.14%.
• Kimono JVcoreStrategic or Co-development PartnerRed Rock holds 58% of Kimono JV in DRC, with historic high cobalt intercepts and production from the Katanga segment of the Central African Copperbelt.
• Project Tuseku JVcoreStrategic or Co-development PartnerAs part of social benefit provided in relation to copper and other activities in DRC, the company is party to a JV for social housing development, initially by co-managing the full funded construction of factories for manufacture of social housing units.
• New Ballarat Gold Corporation PlccoreStrategic or Co-development PartnerRed Rock Australasia Pty Ltd, a 100% owned subsidiary, has been an explorer in Australia since 2008 with 2,306 sq km of gold exploration applications at Ballarat in Victoria Goldfields, of which 1,500 sq km granted.
• Faso Minerals LimitedcoreStrategic or Co-development PartnerFaso Greenstone Resources SARL (FGR), a wholly owned subsidiary of Faso Minerals Limited, targets the next significant gold discovery in Burkina Faso with 348 sq km of highly prospective ground at Bilbale and Boulon.
• Lac Minerals LimitedminorStrategic or Co-development PartnerGold exploration venture with 7 licenses totalling approximately 2,491 km2 in Ivory Coast. Additional licenses under assessment. Agreement for sale announced.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Greatland Gold Plc: AIM-listed gold and base metals exploration company focused on underexplored regions. Highly comparable because both Andrew Bell and Michael Borrelli serve as directors at Greatland, and the company pursues a similar early-stage gold and copper exploration model across frontier jurisdictions.
• Armadale Capital Plc: AIM-listed natural resource development company with African-focused mining and energy interests. Comparable because both companies pursue a diversified African natural resource strategy with JVs, project disposals and a lean corporate structure typical of junior AIM resource listings.
• Tiger Royalties and Investments Plc: AIM-listed royalty and investment company holding mining and battery metals interests. Highly comparable because Michael Borrelli is Chairman and the model — generating returns through royalties, strategic investments and project disposals — closely mirrors Red Rock's stated approach.
• Hummingbird Resources Plc: AIM-listed gold mining and exploration company with operating and development assets in West Africa. Comparable because it operates in similar jurisdictions (notably Mali and West Africa) and follows a junior-to-mid-tier gold producer pathway that RRR's Faso Minerals and Lac Minerals assets could pursue.
• Bradda Head Holdings Limited: AIM-listed mineral exploration company focused on lithium and battery metals. Comparable because Michael Borrelli is Chairman and Director, and the company operates a similar junior exploration model with global project interests and reliance on JV and farm-out deals.
• Power Metal Resources Plc: AIM-listed diversified metal exploration and investment company with a comparable strategy of holding minority and majority interests across gold, battery metals and other commodities globally. Highly comparable because Andrew Bell serves as Chairman of both companies, indicating shared strategy and overlapping deal flow.
• Regency Mines Plc: AIM-listed natural resource investment and exploration company holding interests across mining and energy. Comparable because Andrew Bell is a director of Regency and the company pursues a similar diversified portfolio model with asset disposals and royalty-like income streams.
• Kilo Goldmines Ltd: TSX-V-listed junior gold exploration company focused on the DRC. Comparable because both companies operate gold exploration in the DRC at a similar stage of development and face analogous country-risk and infrastructure challenges in greenstone belt geology.

Broad incumbents

• Resolute Mining Limited: ASX-listed established gold producer with West African and Australian operations. Comparable as a more advanced gold producer with assets in similar jurisdictions (Burkina Faso, Mali) where RRR's Faso Minerals and Ballarat projects are located, providing a benchmark for asset monetisation pathways.
• Central Asia Metals Plc: AIM-listed established mid-cap base metals producer with operations across copper, zinc and other commodities. Comparable as a more mature, producing AIM-listed natural resources company in adjacent commodities (copper), illustrating the operational stage RRR is targeting through its DRC copper-cobalt assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/RRR_RedRock
• LinkedInlinkedin.com/company/2116508

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Red Rock Resources Plc