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WFE did not enter into any agreement with RRRcheers

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Liam1406

58 Posts.

49

11/03/19

07:59

Post #: 37715224
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Originally posted by Grebmoolb: ↑

Https://polaris.brighterir.com/public/red_rock_resources/news/rns/story/w36dpyw

The above was originally principally about the tailings area that was taken away from Red Rock. Gecamines later gave 3 other areas to RRR.
The part below taken from the above link looks to show that this agreement is still in place though modified by subsequent events:
' In accordance with the terms of the Agreement, an adjustment is being made by our local partner, Vumilia Pendenza S.A.("VUP") to ensure that the areas comprising the Project have acceptable quantities and grades of mineralisation. This may involve, as noted in the announcement of 26 September 2017, adding areas; it may also involve dropping certain of the areas and substituting others.'

This map shows some of the Copper Cobalt areas in DRC. Number 1 is 50.1% owned by Red Rock Resources AIM:RRR who are tied in with the Australian company 1620 who are also a principal shareholders. RRR have two other areas part of the copper'Cobalt supply agreement with WFE.
https://www.rrrplc.com/wp-content/uploads/2019/01/VUP-Overview.jpg
https://twitter.com/JBrewerMining/status/1103300391142375424
https://twitter.com/Boardo65https://twitter.com/Boardo65/status/1098846541970694145
1620 Capital Limited http://www.1620capital.com.au https://twitter.com/1620Capital

The original agreement with WFE: • Offtake: Winmar Resources Limited ("Winmar")(ASX:WFE) has on 23 August 2018 signed with Red Rock a Non-Binding Indicative Ore Purchase Agreement, under which Red Rock would supply copper and cobalt ores from its projects in the DRC to the Luapula Cobalt Processing Facility located near the town of Likasi in Haut-Katanga Province, the DRC. On 23 July 2018 Winmar announced a Binding Heads of Agreement for Cobalt Production Joint Venture to acquire an interest in and refurbish this facility.

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WFE did not enter into any agreement with RRR

cheers

WFE Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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WFE did not enter into any agreement with RRRcheers

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