REG - Rockfire Resources - Drilling at Molaoi to commence in September

Rockfire ResourcesAnnouncement

08/08/2025 07:00

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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 15(th) 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 (http://www.rockfireresources.com/)  or
contact the following:

 

 

 Rockfire Resources plc:                                        info@rockfire.co.uk (mailto: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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