Under 0.20 is a bargain , this will multiply on news8 May 2025 12:42
Rockfire Resources PLC (LSE: ROCK) has recently made significant strides in its Greek operations, particularly concerning the Molaoi zinc-lead-silver project in the Peloponnese region. These developments have garnered attention in both the mining industry and media circles. 
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📰 Key Developments in Greece
1. Completion of Hellenic Minerals Acquisition
In February 2025, Rockfire finalized its acquisition of Hellenic Minerals, securing full ownership of the Molaoi project. This milestone was achieved after the company surpassed the required JORC-compliant zinc-equivalent resource threshold, confirming Molaoi’s substantial potential. The final payment comprised £0.1 million in cash and £0.3 million in shares. Notably, CEO David Price, who initially identified the Molaoi project in 2005, opted to receive a portion of the payment in shares, deferring his cash entitlement. 
2. Significant Resource Upgrade
In September 2024, Rockfire announced a substantial 500% increase in the mineral resource estimate for Molaoi. The updated figures indicate 15.0 million tonnes with grades of 7.26% zinc, 1.75% lead, and 39.5 g/t silver, translating to a zinc equivalent of 9.96%. This positions Molaoi among the top 20 undeveloped global zinc deposits in terms of tonnage, grade, and zinc-equivalent metal content.   
3. Discovery of Critical Metals: Germanium and Gallium
Rockfire’s exploration efforts have confirmed the presence of high-grade germanium and elevated gallium at Molaoi. Germanium grades range between 9.0 and 40.0 grams per tonne (g/t), with the highest individual assay at 73.8 g/t. Gallium grades range between 9.7 and 19.0 g/t, with a peak assay of 33.3 g/t. Both metals are listed as critical by the US and EU, and their discovery adds significant value to the Molaoi project. 
4. Identification of a New Zinc Zone: Gkagkania
In February 2025, Rockfire reported the discovery of a second zinc zone, named Gkagkania, within the Molaoi licence area. Preliminary surveys suggest that this zone is comparable in size to the existing resource, potentially doubling the project’s total resources. The company plans to continue its exploration efforts to fully assess the extent of this new zone.   
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🌍 Strategic Importance
The addition of zinc to the UK’s Critical Minerals List in December 2024 underscores the strategic importance of the Molaoi project. Given the global emphasis on securing critical mineral supplies, Rockfire’s assets in Greece are well-positioned to contribute to this objective. 
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📈 Market Implications
These developments have positively influenced investor sentiment. Following the resource upgrade announcement in September 2024, Rockfire’s shares experienced a 27% increase.  
Now we are seeing some serious interest in Rock and Melton about to list on LSE .. they are right next door
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