REG - Rockfire Resources - Molaoi Drilling Update

Rockfire ResourcesAnnouncement

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RNS Number : 6096K  Rockfire Resources PLC  08 December 2025

8 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

·       The drill rig remains on the third hole site, (HMO-010) and
drilling continues to progress well. Early on Monday the 8(th) of December,
the drill hole is at 140.00m depth.

 

·       At the completion of this current drilling campaign, it is
expected that Molaoi will host the only defined Inferred Resource of germanium
in Europe and one of only two quoted germanium resources globally.

 

·       Massive sulphides are being encountered in hole HMO-010 at the
predicted depths in accordance with the resource model.

 

·       pXRF results so far in hole HMO-010 are reading high grades of
zinc, silver, and lead. Between 97.55m and 98.20m depth, individual spot
readings peak at 13.9% Zn, 1.48% Pb and 133ppm Ag. The pXRF equipment does not
measure germanium values, but germanium will be analysed at the laboratory.

 

·       The main target lodes lie beneath the current drill depth with
200m being the top of the target zone for mineralisation.

 

·       Our objective to increase the zinc/silver/lead resource
confidence from Inferred to Indicated continues and drilling is expected to
continue throughout the first half of 2026.

 

·       Long lead-time components of our planned pre-feasibility study
have now been commissioned. A Hydrology Study and an Ecological Study have now
commenced. Such long lead-time aspects of the pre-feasibility require a
minimum of 12 months of baseline monitoring and measurements. Rockfire has
commissioned these early to ensure a timely completion of all the studies
required prior to mining.

 

 

 

 

 

 

 

 

The cleanliness of the pXRF machine was established by measuring a BLANK
reference material (a translucent quartz crystal) at the beginning of each
day. A Certified Reference Material (CRM) specific to volcanic-hosted massive
sulphide Zn-Pb-Cu-Ag-Au ore (ORES 620) was measured for accuracy/precision of
the pXRF machine with a reading taken at the beginning of each day.

 

 

 

David Price, Chief Executive Officer of Rockfire, commented:

"Our third drill hole is encountering improved ground conditions. The rig is
672m south of hole HMO-008, and 396m south of hole HMO-009, where broken and
fractured ground created difficult drilling conditions in both holes. It
should be kept in mind that the zinc resource is 2.2km long so far and there
are still 28 holes to be drilled within this resource distance."

"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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