REG - Rockfire Resources - Molaoi Drilling Update

Rockfire ResourcesAnnouncement

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RNS Number : 2481T  Rockfire Resources PLC  17 February 2026

17 February 2026

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 a drilling update
from Rockfire's 100%-owned Molaoi zinc deposit in Greece.

Highlights

·       Diamond drilling to upgrade the Inferred Resource to Indicated
status continues smoothly with the completion of hole HMO-012 at 253.80m,
being the 5(th) hole of the resource upgrade campaign.

 

·       Results for hole HMO-010 are now available and the Company is
pleased to advise the market that multiple high-grade zinc and germanium lodes
have been confirmed by precise geo-chemical analysis.

 

·       Mineralised intervals in hole HMO-010 include:

 

§ 0.1m @ 9.6% Zn, 29g/t Ag, 19g/t Ge and 5.8% Pb from 44.24m depth.

§ 1.2m @ 5.5% Zn and 18g/t Ag from 97.50m depth, Including 0.30m @ 54 g/t Ge

§ 5.6m @ 1.3% Zn, 16g/t Ag from 195.45m depth, Including 0.6m @ 5.6% Zn and
19g/t Ge

§ 0.7m @ 4.7% Zn, 22g/t Ag and 29g/t Ge from 238.74m depth.

§ 4.0m @ 5.1% Zn, 23g/t Ag and 15g/t Ge from 256.50m depth, Including 2.3m @
8.2% Zn, 22.3g/t Ag and 17.7g/t Ge.

·       Assay results from hole HMO-011 are awaited and core from hole
HMO-012 will shortly be sent to the laboratory.

 

·       A second rig is still awaited and our drilling contractor,
Geotest Consulting Engineers in Athens continues to advise the Company that
delivery of a second rig is soon to be provided.

 

 

 

 

 

 

 

 

 

David Price, Chief Executive Officer of Rockfire, commented:

"High grade zinc and associated germanium is being consistently encountered at
Molaoi. The predictability of high grades continues to demonstrate the value
of the Molaoi project as a potential future source of germanium for Europe."

"The variation in width of the lodes is well demonstrated in this hole and
importantly, the grades remain very impressive. Where the lodes become
narrower, the higher grades compensate for the width. Bear in mind that
germanium, silver, and lead will all contribute to a higher zinc equivalent
average grade and are expected to become valuable by-products once mining
commences."

"The JORC Inferred Resource at Molaoi has recently been converted by our
geologists and incorporated into the United Nations Framework Classification
for Resources ("UNFC"). The Molaoi deposit is among the first resource
deposits in Europe to be reported and classified under the new UNFC Code and
Rockfire is proud to achieve this milestone."

"In accordance with the UNFC Code, the Molaoi resources are classified as:

E2, F2.1, G3 for zinc, silver, and lead

E3.2, F3.1, G4.1 for germanium."

"We will continue to update the market with our drilling progress including
analytical results from the laboratory as they are received."

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

 

 Rockfire Resources plc                                      E-mail: 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)                           Tel: +44 (0)20 3003 8632
 Douglas Crippen

 Oak Securities (Joint Broker)                               Tel: +44 (0) 20 3973 3678
 Jerry Keen / Robert Bell

 

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. Molaoi is also reported under the UNFC Code with
classification E2, F2.1, G3 for Zn, Ag, and Pb, and E3.2, F3.1, G4.1 for Ge.

 

·      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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