Red Rock Resources Plc announced an update in relation to the gold exploration programme being carried out by joint venture subsidiary New Ballarat Gold Corporation plc in the Victoria Goldfields of Australia. Exploration is carried out by Red Rock Australasia Pty Ltd, the 100% owned Australian operating subsidiary of NBGC. Three further exploration licences have been granted, bringing RRAL's footprint in the Victoria Goldfields to over 1,800 sq km.

Grants now include the 202 sq km licence (EL 007330) North-East of Ballarat which includes the historical Ajax mine where in the 1920s the Ajax line recorded production of 312,789 ounces at 14.8 g/t. EL 007330 Exploration Licence (including Ajax Mine): The Ajax mine comprise numerous former shafts and workings over a strike of several kilometres, which was historically mined to a vertical depth of approximately 400m. The possible down dip and along strike extensions to the main ore zones remain virtually untested. Minor diamond drilling completed in the 1990s by Continent Resources intersected multiple lode structures with the best intersection showing 5.3m at 15.2g/t Au from 120.9m downhole, demonstrating the continuity in lode structure and associated gold grades.

The mine shaft itself has been backfilled and is currently not accessible. A more detailed description including a table of the 1990s drilling is contained in the paper previously published on and accessible through the Company's website in the Project section labelled "Licence Report: EL007330" with the title "Tenement Review and Exploration Strategy- EL007330". Work is currently under way to digitise the old workings, stopes and geology into a 3D computer model, in advance of a planned diamond drilling campaign which is expected to commence in late 2022.