Red Rock Resources shares jumped on Friday after announcing assay results from their lithium project in Zimbabwe operated by subsidiary African Lithium Resources.
Three sets of 2kg pegmatite samples were sent for testing at an ISO-accredited laboratory in Harare, Zimbabwe. The results were as follows.
| Sample number | Lithium content (%) | Li2O content (%) |
| 1 | 2.04 | 4.36 |
| 2 | 0.19 | 0.40 |
| 3 | 2.03 | 4.35 |
| 4 | 1.15 | 2.46 |
These results are supportive of economically viable lithium grades and will spur further evaluation of the project.
Red Rock Resources shares were over 38% higher at the time of writing on Friday.
Red Rock Chairman Andrew Bell commented:
“These high grade Lithium Oxide results show the potential that exists, and we continue discussions with potential customers and contractors. Further news will be released as it becomes available.
“The technical information in this announcement has been reviewed by Mr Joseph Komu, a member of AusIMM and a Manager employed by the Red Rock group. Mr Komu is a member of a recognised professional organisation and has sufficient relevant experience to qualify as a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies published by AIM.”