LONDON (Alliance News) - Rockfire Resources PLC said Monday it was granted the New Leyshon exploration permit to mine in Queensland, Australia.
The licence, which will last for five years, was granted to the company's unit, BGM Investments Pty Ltd.
New Leyshon surrounds Newmont's Mt Leyshon Gold Mine on three sides and adds significant exploration prospectivity to the company's portfolio in Queensland, Rockfire explained.
Chief Executive Officer David Price said: "The grant of the New Leyshon licence endorses Rockfire's determined strategy of accumulating projects with low entry costs and is an important growth development for the company."
Rockfire shares were trading down 4.9% at 1.16 pence each.
Rockfire Resources (ROCK)