Member Info for 5085

Gold is 0.5g/t

The economic value of the Molai ore deposit is based on geological, geochemical,geophysical and core-logging data that prove that it contains ~10.6 to ~26.5% Zn, ~1.5 to~2.9% Pb and ~60 to ~90 g/t Ag [28]. The reported maiden JORC 2012-compliant resources of the Molai deposit are 3.2±0.2 Mt with 11% Zn eq. (e.g., 9.4% Zn, 1.8% Pb, 47 g/t Agand a cut-off grade of 4% Zn) for lodes of ~210 Kt Zn, ~39 Kt Pb and ~3.5 Moz Ag anda recovery rate of 90% using the cut-and-fill method and bulk floatation for recovery of20% [69]. Rockfire Resources Ltd. also announced in 2022 that ore concentrates for theMolai deposit yield ~57% Zn, ~64% Pb, ~2.6% Cu, ~860 g/t Ag, ~0.5 g/t Au and a weighted average grade of Ge at ~50 g/t, with maximum values of 197 g/t (based on 51 assayed samples re-analyzed from the pre-existing drill cores). Hellenic Minerals IKE (Nicosia,Cyprus), a subsidiary of Rockfire Resources Ltd. (London, UK), is currently employing a drilling project that aims at extending the zinc resources both at depth and to the north.

https://www.researchgate.net/publication/383599195_Revisiting_the_Concealed_Zn-PbAgGe_VMS-Style_Ore_Deposit_Molai_Southeastern_Peloponnese_Greece

Https://energypress-gr.translate.goog/news/giati-epilexame-na-axiopoiisoyme-dimosio-metalleio-toy-antimonioy-oi-theseis-toy-ypoyrgeioy?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

But no patent years ago and no meetings with US manufacturers. You idiot lololol

In 2025, the applications of artificial intelligence in the Web3 industry demonstrate diversified development trends. Investors should closely follow the integration of AI and blockchain, the rise of AI-driven autonomous agents, and the development of AI crypto funds to capture emerging investment opportunities and maximize portfolio diversification and returns.

https://medium.com/@harspidercapital/the-future-of-web3-exploring-ai-integration-and-investment-opportunities-in-2025-364bbe4f2d47#:~:text=Recently%2C%20Quantum%20Blockchain%20Technologies%20(QBT,with%20the%20same%20energy%20consumption.

People will eventually realise that investing in rare resources, with supply chain issues, in Europe, is a fair better proposal than helium gas exploration in rural Africa where the infrastructure is close to zero and seasonal conditions can be pretty horrific.

https://allafrica.com/stories/202001170697.html

Sit back and enjoy the ride.

It is all here in the 2nd last paragraph

https://www.ekathimerini.com/economy/1256506/metlen-on-its-way-to-london/

Https://www-notospress-gr.translate.goog/ellada/story/114068/kynigi-spanion-orykton-erevnes-kai-ependyseis-se-molaous-xio-ksanthi-rodopi-voiotia?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Exactly StMartins.

Greece, with the backing of the EU will now step forward and become the main supplier of critical minerals from within the bloc. This is going to be massive going forward for Greece.

I enjoy reading your posts.

Https://geopolitico-gr.translate.goog/2025/01/sto-kynigi-ton-spanion-orykton-i-ellada-stochos-tis-evropis-i-apexartisi-apo-kina/?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

199 holes have been drilled to date.

2km’s of the 7 partly covered.

More drilling is needed, an awful lot more, to prove up the asset before the green light is given to underground mine.

Cap ex and Op ex figures for mining will be astronomical, however if the resource is 2 or 3 times bigger than expected the in-ground valuation could be around $250 billion that will make it the biggest Zinc/Lead/Silver/Germanium/Gallium asset in Europe and one of the biggest in the world.

There is a strong possibility the whole area is a mineralisation district, tip of the iceberg.

This resource is now of national significance so don’t expect things to move quickly, but with luck, serious life changing money could be made by those with calm, patient mindsets.

Tiger, you are just an idiot and someone deserving of the bin, bye.

2023

Rockfire Resources a gold and critical minerals explorer, confirmed the presence of high-grade germanium and elevated gallium in recent drill core from its wholly-owned Molaoi polymetallic project in Greece.

Rockfire reported germanium grades between 9.0 and 40.0 g/t with an average of 23.7 g/t Ge from 7 holes, with the highest individual assay being 73.8g/t Ge in hole MO_GTK_003A.

Meanwhile, gallium grades between 9.7 and 19.0 g/t were intersected with an average of 15.3 g/t Ga, with the highest individual assay being 33.3g/t Ga in hole MO_GTK_003A.

A highly positive result from Molaoi, confirming the long-speculated presence of high-grade germanium as well as gallium, adding significant value to the Greek project's economics. Rockfire sees an average of 39% uplift in the zinc-equivalent grade of the Molaoi core as a result of the discovery.

Rockfire's initial analysis for germanium in holes MO_GTK_001 through MO_GTK_007 failed to detect any of the critical metal, which was unexpected given germanium had been identified in historical drill core. Today's announcement put doubts to rest that there is high-grade germanium, in addition to high grade gallium at Molaoi. Rockfire used a different analytical method to detect germanium associated with the high-grade zinc.

Gallium is considered a relatively rare element globally, and in Greece, it is also not commonly found in high concentrations. Gallium is primarily extracted as a byproduct of other metal mining operations, especially from the ores of aluminum and zinc. While Greece has significant deposits of minerals like zinc, which can contain trace amounts of gallium, the country is not particularly known for gallium as a primary resource.

The Molaoi mine in Greece, for example, produces zinc and lead, and gallium is typically present in trace amounts within these ores. Therefore, while gallium can be found in Greece, it is not abundant, and it is considered rare both in Greece and globally. It is more likely to be recovered from zinc processing rather than mined directly.

Globally, gallium is relatively rare in the Earth's crust, with average concentrations of about 0.001 ppm (parts per million), so its occurrence in Greece is not unusual, but it is still quite limited compared to more common metals.

Molaoi is 2 hours drive from Agios Nikolaos, Viotia, all will be reveled soon enough.

Cont

Specifically for Gallium, it should be noted that it is a by-product of certain qualities of bauxite (including Greek bauxite) during the refining process into alumina, with its production being almost entirely concentrated in China. However, China's decision to impose export restrictions on Gallium (July 2023) highlighted the West's vulnerability and the need to diversify supply sources.

METLEN's investment enables Europe to completely substitute Gallium imports, significantly bolstering its strategic autonomy and minimizing reliance on external suppliers. This autonomy is crucial for reducing dependence on third countries and ensuring the production of critical

technologies across various sectors, from energy transition to defence. For instance, Gallium is essential for:

a) Integrated Circuits (IC) used in computing and telecoms,

b) Light emitting diodes (LED) and

c) Permanent magnets etc.

The production of these three critical materials-valued at approximately €1 billion-will be exported to European and North American markets.

This state-of-the-art investment will also introduce new environmentally friendly technologies, reducing the facility's carbon footprint. In addition, through critical synergies with METLEN's Energy Sector, energy costs will become completely sustainable.

METLEN has submitted the investment project under Greece's Strategic Investments Law. The investment also meets the criteria of the "Temporary Crisis and Transition Framework" (TCTF), aimed at supporting the economy in the aftermath of the Russian invasion of Ukraine.

Furthermore, the project recently received the European Commission's STEP SEAL (so called "Sovereignty Seal"), recognizing its significant contribution to the EU's self-sufficiency in critical raw materials (CRM).

METLEN is committed to keeping investors informed of the project's progress. Completion of the works and production start-up is scheduled for 2026 for bauxite, with alumina and Gallium production beginning gradually from 2027 and full-scale operation by 2028

We all know there is a lot of Gallium at Molaoi and now the reason for the change of legal status become clearer.

New Large-Scale Mining, Metallurgical, and Industrial Investment by METLEN Amounting to €295.5 Million

• Development of an Integrated Production Line for Bauxite, Alumina, and Gallium

• Investment Plan of €295.5 million

• Total Annual Production Capacity of1,265,000 tonnes of alumina, 50 MT of Gallium, and ~1 million tonnes of bauxite

• Full substitution of Gallium imports in Europe

• Improvement of Greece's trade balance through increased exports

Athens, Greece - January 16, 2025 - METLEN Energy & Metals (METLEN) announces that the Metallurgy Committee, in a joint session with the Capital Allocation Committee, made the Final Investment Decision (FID) today, January 16, 2025, to proceed with the implementation of a new large-scale investment in the production of bauxite, alumina, and Gallium.

This landmark project, to be implemented in Agios Nikolaos, Viotia, within the historic "Aluminium of Greece" plant, represents a milestone in the history of the Metallurgy Sector. It will significantly enhance the production capacity while incorporating Gallium into industrial production for the first time, a critical material for Europe's future.

The €295.5 million investment plan aims to achieve a total production capacity of 2 million tonnes of bauxite (annually), 1,265,000 tonnes of alumina (up from 865,000 tonnes currently), and 50 MT of Gallium for the first time. All three materials are included in the European Union's list of Critical Raw Materials (CRMs). The total capital expenditure (Capex) includes the following investments:

Development of research and new bauxite mining deposits,

Construction of new facilities and procurement of mechanical equipment for Gallium production,

New facilities and equipment for the expansion and modernization of alumina production capacity,

Energy supply infrastructure for the industrial unit,

Port expansion and upgrades,

Other road infrastructure and flood protection projects

Evangelos Mytilineos, Chairman and CEO of METLEN, commented: «The decision by METLEN to proceed with the implementation of a new, landmark industrial investment in the production of bauxite, alumina and Gallium, strengthens Europe's self-sufficiency in critical raw materials and bolsters Greece's strategic position on the global landscape. Moreover, it shields the European industry from external dependencies. We are proving our commitment to innovation, sustainable development, and circular economy, while reaffirming METLEN's role as a leader in the transition toward greener and more resilient industrial production.

Cont

What is the project budget and how many years of investment are needed before mining begins?

So far, Hellenic Minerals SA, the subsidiary of Rockfire Resources in Greece, has spent several million euros in the initial stages of exploration.

As we learn more about the size and potential of the project, our costs will increase significantly. This includes the actual cost of drilling, our local staff in Molaoui, fuel from the local gas station, meals, accommodation and equipment in Molaoui, and many other project-related costs. The future budget for the project will include the cost of further drilling, local environmental studies, economic studies, metallurgical studies (to ensure we can extract the zinc from the rock), and design and planning. We hope to have a decision on whether or not to mine before the end of 2027.

Are you looking for strategic partnerships? Is there interest from Greek investors to join the project? Or other investors?

As we are listed on the London Stock Exchange, any interest from partners, investors or other interested parties is confidential and I am not at liberty to confirm or deny the existence of any such interest.

You recently completed a Private Placement and raised gross proceeds of approximately £1.02 million for the company. To your shareholders and The Wonderful Group, are they interested in investing more?

I would like to clarify that The Wonderful Group was not involved in our last placement. Currently, The Wonderful Group owns 7.8% of Rockfire. I am not in a position to speculate on the reason behind their decision to invest in Rockfire.

RockFire Resources has held the concession to the Molai mines for 30 years and the company's CEO David Price speaks exclusively to mononews.gr about the company's plans, as well as the significance of the rare earth germanium found during preliminary exploration.

The Molao deposit in Greece has reserves of 15 million tons, in zinc, lead, silver and germanium. Exploration drilling continues and as Mr. David Price reports on mononews.gr by the end of 2027 the company will make a decision on whether to proceed with the mining phase or not. According to the company, its assessment of the germanium content is not yet compatible with the reference codes, as more sampling is required to determine a critical mass of data points. The core drilled at Molao prior to the year 2021 was not analyzed for germanium and therefore cannot be included in its current resource estimates.

It is noted that a 7.8% shareholder of Rockfire Resources is Wonderful Company LLC , based in Los Angeles, California, with revenues of over $4 billion, which acts as a holding company for Stewart and Lynda Resnick and a vehicle for their personal investments in a number of businesses.

Explain to us how important the Molaoi project is according to your latest research and what is the estimated final size of the Molaoi deposit in Greece?

The Molaoi project is one of the few zinc deposits in the world that hosts the geologically rare mineral, germanium. Germanium is not usually found alone, but can sometimes occur in combination with zinc. Germanium is used in many military applications and particularly in the glass associated with high-powered riflescopes, detectors, night vision goggles and other optically based detection equipment. Germanium is also used in modern vehicles that feature sensors for reverse parking and lane assist driving. Currently, Molaoi is one of the few projects in Europe with germanium , which makes it a significant project for Greece and Europe in general. We believe that, if exploratory drilling proceeds successfully, Molaoi could prove to be 2 or 3 times larger than what we already know about its size.

What is the value of the minerals (zinc, lead, silver and germanium) in the deposit? Which of these do you prioritize and which is most attractive to investors?

The value of each mineral varies literally from day to day, however the main contributor to the value of Molasses is zinc. Molasses is essentially a zinc deposit with associated silver, lead and germanium. Zinc is used in almost every aspect of our lives, such as shampoo, toothpaste, sunscreen, cosmetics, surgical instruments, nutritional requirements, musical instruments (brass), paint and many other uses. By far the largest use is the coating of steel (galvanization) to protect against rust. With its ability to protect against rust, zinc is used in the shipping, construction, manufacturing, aerospace and green energy industries, including solar panels and wind turbines.

Https://www.mononews.gr/business/metlen-giati-ependyei-sti-metallourgia-pronomiaki-epidotisi-apo-to-2027-paragogos-galliou

today metlen report this

https://*********************/newsfeed/article/metlen-eng-metals-invests-295-5m-in-bauxite-alumina-and-gallium-2697743

and on the same day david releases this.

https://www.mononews.gr/business/david-price-rockfire-ressources-to-78-katechei-to-wonderful-group-to-2027-oi-apofaseis-gia-tous-molaous

hold onto your hats, going to get very interesting.

The tech looks good, hence majors are interested, they just need to make it profitable because $50,000 gross for 9 months, covering 2 states is nowhere near good enough.