Red Rock Resources Plc announced that the company is a natural resource development company with interests in gold, base metals, battery metals, and hydrocarbons principally in Africa and Australia. There is no update in relation to the DRC as the company await the appointment and Parliamentary vote on the Prime Minister's new administration. With the selection of a President of the Parliament on 24th April, this vote is likely to take place after the President's return from a State visit to France.

In relation to the Burkina Faso gold project at Bilbale, a report has been received from the company's consultant which is reproduced below verbatim. The author visited the Bilbale Project Licence area located in the Sud-Ouest Region, with Ali Barro and guided by Dieudonne Dakissaga, country manager and a geologist by training. The visit was carried out over several days in order to evaluate potential high-grade targets as well as the amenability of the area to support scalable operations and quick-start operations.

With a surface of 183.62 km2, the Bilbale project area is located in the prolific Boromo greenstone belt. The region is a major gold producing district. The Gaoua gold deposit (4.4 Moz) is located 50 km to the south, and the Poura gold mine (3 Moz) is located 70 km to the north.

The Wa gold deposit (>1 Moz) in Ghana is located 50 km to the South and the Konkera gold deposit (3.3 Moz) of Ampella Mining is located 110 Km to the south. There is an extensive presence of artisanal gold working sites on the permit area. Seasonal surface gold digging are done by entire communities, in addition to high density artisanal mine sites targeting the spectrum from alluvial to hard-rock mining to depths of ~30 m. Several of these artisanal sites are in excess of ten years old, covering significant areas and still being worked.

During this visit two brand new artisanal sites got underway! Rock chip sampling in 2020 included samples reported at 8.1 g/tAu, 6.25 g/tAu, 2.57 g/tAu,2.56 g/tAu, 1.74 g/t Au, and 1.19 g/tAu. These grades underscores why artisanal digging is ongoing over the project area.

At the Tampoa site however things have moved up a notch where an illegal miner brought in mechanised equipment and a large team of people - this kind of operation is not allowed under local mining law and will do significant damage to the legal permit holder! Whilst government will support the owner, it remains the permit holder prerogative to address the situation and put a stop to such operations. The Company is currently arranging four time-critical workstreams: (a) transport of the washing and production equipment necessary for operations to Burkina Faso, (b) the passports and other paperwork for some 25 expert external staff who will be required to be in Burkina for the commencement of operations, (c) transport from Asia of hire plant for excavation, and (d) preparation of initial camp accommodation and eating and security facilities on site for an initial daytime workforce expected to exceed a hundred people.

The first two of these workstreams have been subject to paperwork delays and some additional cost factors but are now under way.