Red Rock Resources (GB:RRR) has released an update.
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Red Rock Resources has adapted to new regulatory limits on licence holdings in Côte d’Ivoire by partnering with Guardian Metals PLC to manage their licence applications and exploration programs. The arrangement provides Red Rock with potential fees and a 25% option in licences granted, in addition to a 0.5% net profit interest. This strategic move allows the company to maintain involvement in the region’s gold exploration despite having to abandon some of its own licence applications.
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