Red Rock Resources Plc (LON:RRR)

Red Rock Resources Plc is a UK-based natural resource exploration and development company. It has a diversified portfolio comprising of mining and oil and gas projects and investments across the globe. It was founded in the year 2004 and its headquarters are situated in London, United Kingdom. The company is listed on the Alternative Investment Market (AIM) of the London Stock Exchange since 2005 and is also a constituent of the FTSE AIM All-Share index. It complies with the UK City Code on Takeovers and Mergers. It has many subsidiaries, which include Intrepid Resources Ltd, Red Rock Cote D Ivoire Sarl, Red Rock Resources, Inc., Red Rock Australasia Pty Limited, and Red Rock Kenya Limited etc.

The projects and investments in the diverse portfolio of the company includes steel-feed, gold, copper-cobalt, oil and gas, and multi-commodity. The company owns around 1% of a Producing Manganese Asset in South Africa called Jupiter mines. It has significant gold exploration assets in Kenya and Australia, and also has exposure to gold production in Colombia. The projects include Migori Gold Project in Kenyan Greenstone Belt, Red Rock Australasia in the heart of Victoria Goldfields, and El Limon in Columbia. Through its interests in the Democratic Republic of Congo, the company has exposure to Copper and Cobalt exploration. It has a 50.1% Interest in the VUP Copper/Cobalt JV project located in the Central African Copperbelt. The company also has a 4.64% Interest in the Elephant Oil Ltd project, which is an Oil and Gas exploration project in the underexplored West African Transform Margin. Additionally, RRR has exposure to battery metals such as lithium, cobalt, copper, and nickel, and also has interests in gold.

Red Rock Resources Plc follows a well-defined framework of corporate governance and aligns itself with the Quoted Companies Alliance (QCA) Corporate Governance Code. Its board has set up separate committees for audit and remuneration. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, accountability, equality, and diversity. It has an Environmental, Social, and Governance (ESG) framework in place, and it actively works with all stakeholders under a responsible business framework. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities and complies with international best practices and guidelines to create a sustainable business. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community. It takes care that its mining and exploration activities are carried out in a safe and environment friendly manner.