RNS reminder18 Dec 2024 14:19
A reminder never ever hurts.
Just re-read this to settle any doubt or impact to your sentiment based on our current volume and SP:
Rockfire Resources plc
("Rockfire" or the "Company") Germanium Export Ban
· Major supply chain pressure envisaged, following Chinese Export ban
· Rockfire potentially hosts substantial amounts of Germanium at its Flagship asset, Molai, Greece
Rockfire Resources plc (LON: ROCK), the base metal, precious metal, and critical mineral exploration company, wishes to inform the market that on 3rd December 2024, China officially banned all exports of the geologically rare mineral, Germanium to the United States of America. https://www.reuters.com/markets/commodities/china-bans-exports-gallium-germanium-antimony-us-2024-12-03/
This could have highly significant positive consequences for the Company's 100%-owned Molaoi zinc project in Greece, which hosts germanium as a potentially valuable by-product from any future production.
Germanium is listed on both the US and the EU critical mineral lists. Rockfire has 1.09 million tonnes of zinc, 260,000 tonnes of lead, 19.1 million ounces of silver and germanium as a by-product at Molaoi. An internal, non-code-compliant assessment of germanium by-product is approximately 4.8 million tonnes, with an expected average grade of 21.9g/t Ge. Metallurgical tests demonstrate that grades of 117g/t Ge report to a zinc concentrate (Further details can be found in Rockfire's resource upgrade in the RNS dated 4th September 2024).
This is huge and hasn't really sunk into the market yet IMHO.
GLA