From Grok19 May 2026 08:26
Regardless of what people think of AI, it can summarize things in seconds, below is from Grok/X. Note the bit about underground mining to minimize surface damage as i alluded to yesterday.
Molaoi (Greece) demonstrates strong mining potential as a high-grade, polymetallic volcanogenic massive sulphide (VMS) zinc-lead-silver-germanium deposit, with significant by-product credits and strategic European critical minerals positioning. It is 100% owned by Rockfire Resources plc (AIM: ROCK) via its Greek subsidiary.
rockfireresources.com
Resource Scale and GradesJORC Inferred Resource (2024): 15.0 Mt @ 7.26% Zn, 1.75% Pb, 39.5 g/t Ag (~9.96% ZnEq), containing ~1.09 Mt Zn, 260 kt Pb, and 19.1 Moz Ag.
rockfireresources.com
Germanium upside: ~4.8 Mt @ 21.9 g/t Ge (~105,700 kg contained, non-JORC) in higher-grade zinc zones. Maiden JORC Ge resource targeted soon (potentially Europe's only quoted one).
rockfireresources.com
Substantial exploration upside: ~5 km additional strike length of favourable geology with high-grade historical intersections; mineralisation open in multiple directions.
rockfireresources.com
Mining and Processing ConceptMethod: Underground (cut-and-fill or similar mechanised methods on main lodes; possible airleg for narrower zones) to minimise surface footprint and environmental/social impact. Historical portal + 700 m decline (capped) provides optionality for early access.
rockfireresources.com
Processing: Conventional crush/grind/flotation for two concentrates (Zn/Ge and Pb/Ag). Preliminary tests show good recoveries (e.g., 89% Zn into 57% Zn concentrate with 117 g/t Ge; strong Pb/Ag). Concentrates shippable to European smelters (multiple options nearby).
rockfireresources.com
Historical Greek government feasibility work (1980s) and trial underground development support fast-tracking studies.
rockfireresources.com
Economic and Strategic PotentialIn-situ value: Roughly US$4+ billion (at recent zinc prices ~US$2,800–3,500/t; far higher with current/strong silver and especially germanium pricing ~US$8,600/kg).
outofthegrnd.com
By-product credits: Silver (19+ Moz), germanium (critical for semiconductors/optics), plus minor Cu/Au potential — significantly enhance economics.
rockfireresources.com
Location advantages: Peloponnese, Greece — EU member with supportive mining policy for critical raw materials, existing infrastructure, and proximity to smelters. Low sovereign risk compared to many base metal jurisdictions.
rockfireresources.com
Current market cap for Rockfire is modest (~£12m as of early 2026 presentations), implying significant upside if resources convert and studies de-risk the project.
rockfireresources.com
Current Status and Path Forward (as of mid-2026)Active ~10,000 m diamond drilling program focused on upgrading Inferred to Indicated resources for feasibility studies. Recent holes (e.g., HMO-015, HMO-016) confirm continuity with strong grades a