- Red Rock Resources said it had signed documents that fully brought into a effect a new joint venture in the Democratic Republic of Congo.

The venture, known as VUP Musonoi Mining and 50.1%-owned by Red Rock, also included Vumilia Pendeza and Bring Minerals.

'With the elections there having passed peacefully, we have again stepped up the pace in Congo and put in place the final documents allowing us to pursue the JV project,' chairman Andrew Bell said.

'Musonoi, the central part of the old Musonoi superpit, of which Glencore's KOV mine represents the western part, abutting our western boundary, and the same company's T17 mine represents the eastern part, adjoining us to the east, is our immediate focus.'

'This exceptionally prospective tenement, of which at this early stage the obvious size and grade comparator appears to be Nzuri Copper's Kalongwe project, currently under offer, has the potential to have a transformative impact on Red Rock.'

At 1:25pm: [LON:RRR] Red Rock Resources PLC share price was +0.01p at 0.63p

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