REG - Rockfire Resources - Molaoi Drilling Update

Rockfire ResourcesAnnouncement

03/12/2025 07:00

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RNS Number : 9602J  Rockfire Resources PLC  03 December 2025

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

3 December 2025

Rockfire Resources plc

("Rockfire" or the "Company")

 

Molaoi Drilling Update

 

Rockfire Resources plc (LON: ROCK), the base metal, critical mineral and
precious metal exploration company, provides the market with this drilling
update from Rockfire's 100%-owned Molaoi zinc deposit in Greece.

Highlights

·      Drilling of hole HMO-009 has temporarily ceased. This is the
second drill hole of the recently commenced resource upgrade to Indicated
status.

 

·      Drilling of hole HMO-009 was suspended at a depth of 75.00m, with
the target mineralisation at +250m depth. The hole is dominated by extensive
fault zones, shears, brecciation and fracturing, which resulted in extremely
difficult drilling conditions.

 

·       A decision was made to cease drilling hole HMO-009, secure the
hole for re-drilling later, and to move to the next drill hole.

 

·       There are another 28 holes to be drilled in this drilling
campaign and re-drilling of challenging holes, including hole HMO-009, will
occur at the end of the drill program.

 

·       Hole HMO-008, which was terminated prematurely in one of the
growth faults intersected a lode high in the hole at 69.71m. This interval is
0.2m @ 22.2% Zn, 16.2g/t Ge, 2.9% Pb, and 100.0g/t Ag.

 

·       The drill rig has moved to the third hole site, (HMO-010) and
early signs of mineralisation are good (see photo below), with massive
sulphides encountered at a depth of 44.20m.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A narrow, but strongly mineralised massive sulphide vein encountered early in
hole HMO-010, at 44.20m depth. The target to the main lode of mineralisation
is 250m below the surface. Drilling continues, with this hole already at
75.60m depth in better ground conditions.

 

 

 

 

 

 

 

 

David Price, Chief Executive Officer of Rockfire, commented:

"Our second drill hole has also proved extremely difficult to drill. A rapid
decision was made to suspend drilling of this hole and to move to the third
hole for the sake of increased drilling productivity. Holes HMO-008 and
HMO-009 have been secured, plugged and left ready to move the rig back onto
these holes to continue drilling them later."

"Early signs of massive sulphide mineralisation in hole HMO-010 is pleasing.
These upper lodes represent some of the more distal veins, with the main
mineralisation being below a level of 250m from surface. Drilling is
progressing well in this hole, and we anticipate better ground conditions."

 

"A second drill rig is being sought to increase the rate of drilling
productivity and we expect that rig to be available in early January 2026.
We will continue to update the market as our drilling continues."

 

 

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 / Ashur Joseph (Corporate Finance)
 Matt Butlin (Sales and Corporate Broking)

 CMC Markets UK Plc (Joint Broker)                           +44 (0)20 3003 8632
 Douglas Crippen

 

 

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.

 

 

 

 

 

 

 

 

Glossary

 Item      Definition
 "3D"      three dimensional
 '' Ag''   Silver

 "Au"      Gold
 "Cu"      Copper

 "Ga"      Gallium
 '' Ge''   germanium
 '' g/t''  grams per tonne
 ''JORC''  Joint Ore Resource Committee
 "km"      Kilometre
 "m"       Metre

 "Ni"      Nickel
 '' Pb''   lead
 "ppm"     parts per million
 "pXRF"    portable X-Ray Florescence
 "VMS"     volcanogenic massive sulphide
 ''' Zn''  zinc
 "ZnEq''   zinc equivalent

 

 

 

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 Inferred
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).

 

·      The Marengo prospect in Queensland hosts high-grade gold,
silver and copper within an historic goldfield, which is entirely under
licence by Rockfire. Marengo is subject to a farm-in by ASX-listed Eastern
Resources Ltd (ASX:EFE).

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