Final Results

Red Rock Resources plc 18 November 2005 Red Rock Resources plc Preliminary Results for the year ended 30 June 2005 Dated: 18 November 2005 CHAIRMAN'S STATEMENT Dear Shareholders, The financial period to 30th June 2005 was the first of Red Rock's corporate life, and saw both the Company's conversion to a PLC and the decision taken to apply for admission to trading on AIM. In mid-May, Red Rock purchased five iron ore tenements in Western Australia and Tasmania, and four manganese exploration properties in Western Australia from Regency Mines plc, Iron and Uranium Limited and Callum Baxter, Paul Winston and Bernfried Wasse through the issue of 113,559,998 ordinary shares in the Company and AUS$250,00 in cash. Following these acquisitions the issued capital of the Company was 113,560,000 with Regency Mines plc holding 88.1% of the issued capital immediately prior to the placing. POST BALANCE SHEET EVENTS On 29th July 2005 Red Rock was admitted to the AIM Market of the London Stock Exchange, raising £546,000 before expenses. A copy of the Admission Document, which contains details of the Company's mineral tenements, can be downloaded from the Company's website at www.rrrplc.com. On 3rd October the Company acquired a portfolio of five uranium and iron ore properties in the Northern Territory of Australia from Tennant Creek Gold Limited. The purchase price was satisfied by the issue of 19,000,000 new ordinary shares in the Company at 2.5p per share. The properties included the 2,044 sq km Woolgni/Edith River exploration licenses situated some 220 km south east of Darwin and 35 km south east of Pine Creek, that contain four known uranium prospects initially explored in the 1950s, as well as areas with strong gold anomalies confirmed by trenching results including 10.7m at 4.44 g/t Au and rock chip samples ranging from 0.21 g/t to 31.1 g/t. Alluvial gold mining was carried out in part of the license in the late nineteenth century. Two other areas, Celia and Marrakai, acquired at the same time are situated in the Rum Jungle Uranium Field. Celia contains an established magnesite resource. The remaining two areas, Hayes Creek South and Daly River, are iron ore prospects close to infrastructure, where test work has shown strong iron and (in the case of Hayes Creek South) manganese mineralization. A 1967-8 estimate of resources at Daly River, following a ten hole drill programme on part of the property, was 125m tons of haematite iron ore. EXPLORATION The Company is shortly to begin exploration programmes at Edith River and at its Western Australia properties. OUTLOOK The directors believe your company is well positioned to grow and anticipate that 2005-2006 will continue to be a year of active development. The Directors are constantly reviewing opportunities that are being presented, and expect to undertake further acquisitions of viable exploration and mining tenements. CONCLUSION I would like to record my appreciation and thanks to our new investors who supported the Placing and to our professional advisers for their support during the fund raising and the Admission to AIM. Andrew R. M. Bell Chairman 16 November 2005 PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30 JUNE 2005 Period ended 30 June 2005 £ Turnover - Administrative expenses 20,379 Loss on ordinary activities before taxation (20,379) Tax on loss on ordinary activities - Loss on ordinary activities after taxation (20,379) Retained loss for the year (20,379) Earnings per share - basic loss (0.1) pence There are no recognised gains or losses other than the loss for the year. All of the operations are considered to be continuing. BALANCE SHEET AS AT 30 JUNE 2005 30 June 2005 £ Fixed assets Exploration licences 348,932 Current assets Cash at bank - - Creditors - amounts due within one year (143,751) Net current liabilities (143,751) Total assets less current 205,181 liabilities Share capital and reserves Called-up share capital 113,560 Share premium account 112,000 Profit and loss account (20,379) Equity shareholders' funds 205,181 CASH FLOW STATEMENT FOR THE PERIOD ENDED 30 JUNE 2005 As there were no cash transactions during the period, so none are to be disclosed in a cash flow statement.. The shares issued during the period were in consideration for the acquisition of exploration licenses at a value of £225,560. NOTES The financial information set out above does not constitute statutory accounts as defined in section 240 of the Companies Act 1985. The Directors are not recommending the payment of an ordinary share dividend. The basic loss per share is derived from the ordinary activities after taxation of £20,379 divided by 20,178,528 ordinary shares, being the weighted average in issue during the period. No diluted loss per share is presented. The balance sheet at 30 June 2005, the profit and loss account, and the cash flow statement for the period then ended have been extracted from the Group's statutory financial statements upon which the auditors' opinion is unqualified and does not include any statement under Section 237 of the Companies Act 1985. Copies of the report and financial statements will be posted to Shareholders on 24 November 2005 and be available for one month from the Company Secretary at the registered office from Thursday 24 November 2005. Alternatively, the report may be downloaded from the Company's website, www.rrrplc.com. ANNUAL GENERAL MEETING The Annual General Meeting of the Company will be held at the offices of Ronaldsons, 3rd Floor, 55 Gower Street, London WC1E 6HQ England, on Wednesday 21 December 2005 at 11.00 a.m. ENQUIRIES: Andrew Bell 07766 474849 Red Rock Resources plc Chairman John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Ron Marshman / John 020 7628 5518 City of London PR Limited Public Relations Greenhalgh This information is provided by RNS The company news service from the London Stock Exchange
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