Red Rock Resources

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SAGEM - Sun, 31 Dec 06 :

THIS COMPANY HAS HUGE POTENTIAL AND AT PRESENT IS UNDER THE RADAR SCREEN BUT NOT FOR LONG I THINK ;-

Red Rock at listing in July 2005 was focused on high grade manganese and iron ore: the 695 sq km Oakover tenements in the East Pilbara Manganese Province in Western Australia (WA), and 619 sq km of haematite and magnetite prospective ground in WA and Tasmania including the Mt Ida and Mt Alfred tenements.

Red Rock later acquired additional 2,227 sq km of tenements in the Northern Territory (NT) of Australia. These contained further iron ore mineralization and manganese targets, but also uranium and gold occurrences on which previous exploration had been carried out.

Red Rock in December 2005 extended its uranium portfolio to include two licenses totaling 459 sq km in Malawi, with a further license under application.

Red Rock in May 2006 acquired a license covering a significant high grade manganese deposit in Zambia.

The company's focus therefore is now on manganese, uranium, iron ore, and gold. The company is exploring the possibility of enlarging and separately funding its uranium/energy and gold portfolios, in order to concentrate its funds on moving to early bulk production and sales of manganese from its Zambian resource. Two of the high grade iron ore properties in WA have been farmed out in a option/royalty agreement with Jupiter Mines Ltd, which has produced encouraging results, while nearby Mt Alfred is retained.



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