• Dalaroo to acquire Red Rock’s Ivorian gold assets for A$715K
• Deal includes seven exploration permits, pending due diligence
• Move follows rising investor interest in Côte d’Ivoire gold sector

Australian Securities Exchange (ASX)-listed junior miner Dalaroo Metals has reached an agreement to acquire the entire portfolio of Ivorian gold exploration assets held by Red Rock Resources. The deal, announced in a filing on Wednesday, October 15, follows Dalaroo’s June joint venture agreement to secure a stake in the Bongouanou gold project in the West African nation.

Dalaroo is set to acquire LacGold Resources SARLU, a wholly owned Red Rock subsidiary that holds "gold exploration licenses and applications" in Côte d’Ivoire.

In exchange, Red Rock will receive 13,250,000 Dalaroo shares priced at A$0.054 per share, valuing the deal at a total of A$715,500 (approximately $465,000). The transaction also includes a royalty payment to the seller should gold resources be defined on the acquired licenses.

According to Red Rock’s website, the portfolio comprises seven permits, including Djekanou, Yamoussoukro, and Molonou, covering a total area of about 2,491 sq km.

The finalization of the acquisition is subject to Dalaroo completing its due diligence and securing shareholder approval. Similar conditions were also part of the Bongouanou agreement, which has not yet been confirmed as finalized.

These agreements reflect a growing trend of investor interest in Ivorian gold. Dalaroo’s move follows similar announcements, including Enegex Limited's September agreement to acquire several gold licenses and Santa Fe's July move to acquire Turaco Gold’s Ebernuea project.

Aurel Sèdjro Houenou