RCS - Rockfire Resources - Publication of Research Note

Rockfire ResourcesAnnouncement

20/04/2022 09:45

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RNS Number : 7344I  Rockfire Resources PLC  20 April 2022

Reach - a non-regulatory announcement

20 April 2022

Rockfire Resources plc

("Rockfire" or the "Company")

Publication of Research Note

Rockfire Resources plc (LON: ROCK), the gold and base metal exploration
company, is pleased to announce that a research note on the Company has been
published and is available under 'Research' in the 'Investors' section on the
Company's website at www.rockfireresources.com
(http://www.rockfireresources.com) .

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

 

 Rockfire Resources plc:                                     info@rockfireresources.com
 David Price, Chief Executive Officer

 Allenby Capital Limited (Nominated Adviser & Broker)        Tel: +44 (0) 20 3328 5656
 John Depasquale / George Payne (Corporate Finance)

 Matt Butlin / Kelly Gardner (Sales and Corporate Broking)

 Yellow Jersey                                               rockfire@yellowjerseypr.com
 Sarah Hollins / Henry Wilkinson                             Tel: +44 (0) 20 3004 9512

Notes to Editors

Rockfire Resources plc (LON: ROCK) is an exploration company with a portfolio
of 100%-owned near-surface gold and large-scale copper projects in Queensland,
Australia. The gold project is located within 50 km of two operating gold
mines and the Company's copper projects lie within 250 km of Australia's
largest copper refinery.

 

The Plateau Gold Deposit is part of the Lighthouse Tenement and bears
significant geological similarities to the nearby Mt Wright gold mine (45km to
the northeast), where 1.5 million ounces of gold have been mined. The Plateau
gold deposit has a JORC resource of 130,000 ounces of gold and an additional
10,000 JORC ounces of gold is at the Double Event prospect, close to Plateau.

 

Drilling to date at the Company's copper projects, Copperhead and Copper Dome
(35 km and 85 km southwest of the town of Proserpine respectively), are
indicative of large-scale porphyry targets. Both projects have been drilled by
previous explorers and a JORC resource of 120,000 T of copper equivalent value
has been found so far.

 

Rockfire Resources has adopted a strategy of growth and the acquisition of the
Molaoi zinc deposit in Greece forms an important aspect of that strategy.
Molaoi represents a high-grade zinc project and Rockfire intends to evaluate,
expand and develop the zinc resources at Molaoi. The existence of a portal and
decline will be beneficial if it is possible to gain access to this
infrastructure once again. Molaoi lies within 10 km of the coast, providing
excellent access to potential markets.

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