Exploration & Mining Legal News

Strike-off notice for Red Rock-Power Metal JV

Posted on Author editorial Comment(1)

Red Rock Resources plc and Power Metal Resources plc’s joint venture exploring for gold in Australia has been given first Gazette strike-off notice by the Companies Registrar.

Companies House today published the notice to New Ballarat Gold Corp which owns 17 licences over 1,867km2 and the historic Berringa gold mine in the Victoria gold fields.

The notice reads that unless cause is shown to the contrary, New Ballarat Gold will be struck off the registrar and dissolved not less than two months from 22 August 2023.

In the event of the company’s dissolution, “all property and rights vested in, or held in trust for, the company are deemed to be bona vacantia, and will belong to the Crown”.

Red Rock holds 50.1% and Power Metal owns 49.9% of the Red Rock Australasia Pty Ltd joint venture which is held in New Ballarat Gold.

Related Articles
Exploration & Mining Finance News

Cora completes DFS and optimised economics

Posted on Author editorial

Cora Gold Ltd has completed the definitive feasibility study (DFS) alongside its inaugural reserves and optimised project economics for its flagship Sanankoro gold project in southern Mali. RESERVES The inaugural probable reserves are 422koz @ 1.3 g/t Au with 6.8 years reserve mine life and average annual production of 56,000 oz. A total of 121koz […]
Exploration & Mining News

Power Metal reports high grade overlimit assay results at Silver Peak

Posted on Author editorial

Power Metal Resources plc reported high grade overlimit assay results from its 2021 diamond drilling exploration campaign at the Silver Peak project in British Columbia. SIGNIFICANT Phase 1 of the programme comprised 19 short cored drill holes with overlimit assays on all copper, antimony and lead results which returned >10,000 ppm (1%) from the original laboratory […]
Exploration & Mining News

Red Rock issues 15m shares in Riverfort debt settlement

Posted on Author editorial

Red Rock Resources plc has issued 15,055,706 new ordinary shares of £0.0001 in settlement of a £25,000 debt owed to Riverfort Global Opportunities PCC Ltd. The shares were issued each at a price of 0.1661 pence. Following admission, the company’s total issued share capital will consist of 1,563,333,034 ordinary shares, each with one voting right. […]

One Reply to “Strike-off notice for Red Rock-Power Metal JV”

  1. Pingback: Strike-off action stopped for Red Rock-Power Metal Australian JV - Extractive Industries

Comments are closed.