Publication of Research Note

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.

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

Rockfire Resources plc:	[e-mail]
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker)	Tel: [phone]
John Depasquale / George Payne (Corporate Finance) Matt Butlin / Kelly Gardner (Sales and Corporate Broking)
Yellow Jersey	[e-mail]
Sarah Hollins / Henry Wilkinson	Tel: [phone]

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.

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain.  Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

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