Red Rock, Power Metal venture granted first licences in Australia


Mining groups Red Rock Resources and Power Metal Resources said their joint venture had been granted its first three mineral licences near Ballarat in Australia.

Red Rock Resources held 50.1% of the venture and Power Metals 49.9%.

The licenses had been granted for a period of five years.

At 9:46am:

(LON:POW) share price was 0p at 1.9p

(LON:RRR) Red Rock Resources PLC share price was 0p at 0.8p