Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
https://twitter.com/vns_global/status/1182631475671425024?s=21
I’ve been buying them at these levels and lowered my average to 0.0050. IMO the drilling results has potential for a massive uplift in SP and lead in to JV. You’ve got to do what’s best for you though, risk and reward and all that. Good luck. Herbs.
PJ tweeting today, now accumulating as we focus on Plateau. From memory his Value Generation vehicle already holds 13M?+
GLA Herbs.
https://twitter.com/pauljohnson9691/status/1180036007258927104?s=21
Only a matter of time IMO.
https://stockhead.com.au/resources/junior-copper-explorers-are-looking-mighty-hot-as-the-big-guys-hunt-for-deals/
4M shares purchased. Someone’s keen today. GLA.
https://www.nexexchange.com/company-all-latest-trades?isin=GB00B42TN250&listingtypeid=PLSU
Landmark news, says broker
In a note to clients, analysts at Rockfire’s joint ‘house’ broker First Equity commented: “The news of a JORC resource by Rockfire Resources represents a landmark event for the Group and validation of the management’s bold strategy just under two years ago to re-focus exploration activities and project ownership from Papua New Guinea to Queensland.
“The discovery cost at just over US$9 per ounce shows Rockfire is being operationally prudent and economic in its exploration pursuits on the ground.”
They added: “Given today’s landmark news and increased speed at which the Group is now advancing, prospect of similar news to come from other projects in Queensland such as Copperhead, against the background of a resurgent gold price trading at around 3-year highs and modest market cap of just under £3m, we recommend the shares in Rockfire Resources as a ‘Buy’.”
Rockfire Resources PLC Maiden Gold Resource for Lighthouse
Source: UK Regulatory (RNS & others)
TIDMROCK
RNS Number : 5018E
Rockfire Resources PLC
04 July 2019
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
4 July 2019
Rockfire Resources plc
("LON:ROCK", "Rockfire" or "the Company")
Maiden Gold Resource for Lighthouse
Rockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer is pleased to announce a maiden JORC Resource of over 50,000 ounces of near-surface gold at its 100%-owned Lighthouse tenements ("Lighthouse") in Queensland, Australia.
-- Inferred 1,349,000 tonnes @ 1.18g/t Au for 51,000 ounces of gold;
-- Rockfire has a discovery cost of AUD$13 (GBP7.50) per resource ounce of gold;
-- This resource includes drilling at both the Plateau and Double Event Prospects, providing two outstanding targets for resource growth within 30km of each other;
-- Rockfire's deepest gold intersection at Double Event is only 25m vertical from surface. The bulk of drilling at Plateau is within 50m vertical from surface;
-- Double Event and Plateau remain open in all directions;
-- Both resources are within easy trucking distance from operational processing plants;
-- The next expansion resource target at Lighthouse is 2.7 - 4.8 million tonnes*, grading between 1.2g/t Au and 1.6g/t Au.
David Price, Chief Executive Officer of Rockfire commented;
"Our Maiden JORC Resource at Lighthouse provides a solid resource base to underpin the Company valuation. Rockfire is rapidly defining and expanding its asset base, with this JORC Inferred gold resource at Lighthouse adding to and complementing the historical 122,600 tonnes of copper owned 100% by Rockfire at the Copperhead Project."
"Rockfire is on an exciting and rapid growth curve and we are looking forward to further expansion of our copper and gold resources with continued exploration success. This result from our Maiden Resource at Lighthouse demonstrates and measures our exploration success to date and provides a sound platform for continued growth of the Company's asset base."
"The Company's prudent strategy of sound science, thorough evaluation and methodical exploration is being rewarded with measurable asset valuation increase. Our ambition to define large-scale mineral resources is beginning to bear fruit and our recent Maiden Resource merely signals the start of our planned resource expansion. This JORC gold resource provides the catalyst for our anticipated growth."
* This is an exploration target only and must not be misconstrued as an estimate of a Mineral Resource or Ore Reserve. The potential quantity and gr