Member Info for sniffer78

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RNS Number : 2928T
Rockfire Resources PLC
02 July 2018

02 July 2018

Rockfire Resources plc

("Rockfire" or "the Company")

56,000T copper in Copperhead historical estimate

The Board of Rockfire Resources (LON: ROCK), is pleased to inform shareholders that a recent review of previous work at Copperhead has revealed an historical estimate of metal content of 56,000T copper at its 100%-owned Copperhead Project in north Queensland, Australia.



Highlights:

· A detailed appraisal of past exploration at Copperhead has unveiled an estimate of copper content calculated by Carpentaria Exploration Company Pty Ltd ("Carpentaria Exploration") in 1972.


· 35 million tonnes @ 0.16% Cu for 56,000t of copper **. Note that this historical estimate was calculated prior to the introduction of the JORC Code and was an internal estimate calculated by Carpentaria Exploration based on standard exploration drilling and analysis techniques at the time. Subsequent core sampling in 1988 has lifted the average core grade to 0.25% Cu.

Chartertowers Weather system is perfect, currently sunny next 14 days and beyond. GLA ;-))

Would not be surpised to see David Price take some shares above 1p before drilling GLA :-)

Chartertowers beautiful weather, the drill rig is ready to spin ;-)) sampling on going GLA ;-)

Not what any of us want to see, but in the junior expo world it needs to be done to move forward and thats what we will do indeed. Take your postions as news on first drill spining could be as early as next week. Also more sampling updates possible GLA -:)

Its coming, currently cracking the flags in Charter Towers. ;-))

"Rockfire intends to explore these features in the coming drilling programme, which is expected to commence in May 2021. The Company is planning infill and extension drilling at both the Central Breccia and the Eastern Breccia, as well as exploration drilling close to both gold resources.

"Regular announcements will be made once drilling commences and the market will be kept up-to-date with drilling progress and results."

Hopefully next week is a better week and the start of the journey north, GLA

Roll on the updates -;) fine and dry weekend and going forward in Townsville. Runway is clear for drilling -;) GLA

Couple more updates to come, eyes down ;-)) Very exciting 6 months ahead :-) GLA

Great update yet again, the drill will be spinning in the Sunshine in Townsville over the next 14 days ;-))) Summers coming in OZ GLA ;-))

Wrong RC drilling not diamond drilling. RC drilling around 40% 50% cheaper 20 holes Round 200/250k. Lots will miss the boat £2.3 million in the Bank end of August 2020 likley leaves 1.4 milion best case 2021 April, Worse case 1 million as of April 2021 Weather in Townsville hotting up along with the Gold & Copper chatter -;)) GLA

Lots missing the boat, will be waiting a while for funding imo, still lots in the kitty :-) Weather in Townsville looking good next week :-)) GLA

Great Copper update, lots happening sit tight :-)) GLA

Cash burn & Expo is managed very well. David Price is a shareholder along with few other board members. They don't squander shareholders money and only raise when its needed, as you can see below.

Cash end of of June 2019 187k

Raised 350,000k 23rd Sept 2019

17th Dec 2019 278k cash from warrants
24th Dec 2019 500k cash from warrants

31st Dec cash end of 2019 763k

End of June 2020 181k

29th June 2020 Raised £1million cash
29th July 2020 Raised £1 million cash
31st July -August 2020 111k cash from warrants

End of August around £2.29 million

Now how much cash do you think they have left with 7 months passed. I will leave this for the uneducated calling for a raise total nonsense imo GLA :-))

29th June 2020rasied £1 million, then further £1 million in July 2020 followed by 111k in warrants from July & August 2020. I hope this helps giving around £2.3 million from August 2020.

Easy to work out with past results etc, i see no need for cash call with what i have researched GL

ORR is down because of last drill hole was very poor. Also why do you bother to post on this board if share is not to your liking.

Pajingo, i love a good Chinese GLA :-))

Will see all time highs smashed imo over next 6/9 months JV will come on postive open pit drilling. Looking forward to the next few bits coming very soon :-)) GLA