New Ballarat Gold Corporation plc (NBGC) has started its inaugural diamond drill and added a new 489km2 exploration licence in the Victoria gold fields, Australia. NEW LICENCE The joint venture company is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat owns 100% of local operating subsidiary Red Rock Australasia Pty […]
Tag: New Ballarat Gold Corporation (NBGC) plc
New structure for Red Rock-Power Metal JV in Victoria
Red Rock Resources plc and Power Metal Resources plc announced a new business structure ahead of a drill programme in their Victoria gold fields joint venture, Australia. ADDITIONAL LICENCE Red Rock has exchanged shares in its JV Red Rock Australasia Pty Ltd for 50.1% of the newly formed New Ballarat Gold Corporation (NBGC) plc. Power […]
Red Rock-Power Metal set up Australia gold JV
Red Rock Resources plc and Power Metal Resources plc have started the incorporation of a new holding company for their joint venture in the Victoria gold fields, Australia. IPO The companies’ current joint company, Red Rock Australasia Pty Ltd (RRAL), will be held in New Ballarat Gold Corporation plc (NBGC). RRAL will become a wholly owned […]