RNS Number : 5779U
Rockfire Resources PLC
08 August 2025
 

8 August 2025

Rockfire Resources plc

("Rockfire" or the "Company")

 

Drilling at Molaoi to commence in September

Rockfire Resources plc (LON: ROCK), the base metal, critical mineral and precious metal exploration company, provides this update regarding the on-going development activities at its 100%-owned Molaoi zinc deposit in Greece.

 

·      Rockfire is pleased to confirm that drilling at Molaoi will commence prior to the 15th of September 2025, following the Greek August holiday period

·      This drilling stage consists of a 30-hole programme to achieve an Indicated category of JORC resource

·      It is expected that a maiden Inferred germanium resource will be estimated at the conclusion of this next drilling programme

·      Landowner access agreements have already begun being signed in preparation for drilling

·      Drilling results will be announced as assays are received throughout the programme

·      The resource model will be updated throughout the drilling as results come to hand

·      Whilst the drilling is underway, the feasibility study will commence and be updated as results become available

·      Rockfire is grateful to the Greek State for two historical feasibility studies which enables Rockfire to fast-track some components of the anticipated feasibility study

 

David Price, Chief Executive Officer of Rockfire, commented:

"It is with great pleasure that we are able to inform the market of our start date for drilling. Our investors have been understanding during the permitting process, and we are most appreciative of their patience with this necessary process."

 "The technical team has commenced informing, discussing and agreeing with the local landowners for access to their land for drilling. This process is on-going due to the large areal extent of the drilling, which will occur over a length of 2.2km, and involving many landowners. Rockfire is immensely grateful to the community and landowners for their support of the project and their willingness to allow drilling to continue on their land."

"The market will be informed once drilling commences. In the meantime, our efforts on the ground to prepare for drilling and the many logistical aspects required for a drilling campaign will continue to progress in readiness for the commencement of drilling."   

 

 

 

For further information on the Company, please visit www.rockfireresources.com or contact the following: 

 

 

Rockfire Resources plc:

info@rockfire.co.uk

David Price, Chief Executive Officer


 

 


Allenby Capital Limited (Nominated Adviser & Broker):

Tel: +44 (0) 20 3328 5656

John Depasquale / Dan Dearden-Williams (Corporate Finance)


Matt Butlin (Sales and Corporate Broking)

 


CMC Markets UK Plc (Joint Broker)

+44 (0)20 3003 8632

Douglas Crippen


 

 

Glossary

Item

Definition

"3D"

three dimensional

'' Ag''

silver

"Cu"

copper

'' Ge''

germanium

'' g/t''

grams per tonne

''JORC''

Joint Ore Resource Committee

"km"

kilometre

"m"

metre

'' Pb''

lead

"ppm"

parts per million

"pXRF"

portable X-Ray Florescence

"VMS"

volcanogenic massive sulphide

''' Zn''

zinc

"ZnEq''

zinc equivalent

 

 

Qualified Person Statement

The technical information in this announcement is based on information compiled by Mr David Price, the Chief Executive Officer of Rockfire Resources plc, who is a Fellow of the Australasian Institute of Mining and Metallurgy (F.AusIMM). Mr Price has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a "Qualified Person" in accordance with the AIM Rules Guidance Note for Mining and Oil & Gas Companies. Mr Price consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

 

 

 

 

 

Notes to Editors

Rockfire Resources plc (LON: ROCK) is a gold, base metal and critical mineral exploration company, with a high-grade zinc/lead/silver/germanium deposit in Greece and a portfolio of gold/copper/silver projects in Queensland Australia.

 

·    The Molaoi deposit in Greece has a JORC Inferred Mineral Resource of 15.0 million tonnes @ 7.26% Zn, 1.75% Pb and 39.50g/t Ag, for 1.5 million tonnes of ZnEq. metal. This resource uses a 4% low-grade cut, and equates to 1.09 million tonnes of zinc, 260,000 tonnes of lead and 19.1 million ounces of silver.

 

·    The Plateau deposit in Queensland has a JORC resource of 131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut off. 53,000 of these ounces lie within the top 100m from surface. Plateau is subject to a farm-in by ASX-listed Sunshine Metals Ltd (ASX:SHN).

 

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