Member Info for Wiseinvestor23

Our regional exploration programmes continue to progress and the results from recent soil sampling at Bell Rock are pleasing. The gravity survey at Plateau is progressing well and should be completed within the next two weeks. This survey is aimed at testing for a gravity anomaly at depth beneath Plateau, which may indicate a source for the gold already found there. Any gravity anomaly detected is likely to become a priority drilling target.

Plateau expansion rns due
Copperhead drilling to start imminently to quote the rns

· A modest, net positive cash flow, ranging from AUD $6.8m to AUD $19.4m (GBP £3.7m to GBP £10.7m), results from a small-scale, open pit mine. The range of anticipated cash flows dependents on technical and operational variables, however five differing scenarios all resulted in positive cash flow outcomes.



· Multiple targets within the proposed pit outlines are yet to be drilled and the Scoping Study has identified numerous opportunities to increase gold ounces with additional shallow drilling.



· Only the top 70 m has been incorporated into the Scoping Study, yet gold up to 16.9 g/t Au has been intersected more than 400 m below surface. There is therefore significant potential to increase the economic outlook of the project based on continued exploration success at depth.

Plateau lighthouse and merengo are just +s for me - it’s the copper that will add significant value from the current sub 10million market valuation

Rockfire is aiming to define a large-tonnage copper deposit. Porphyry copper deposits globally typically demonstrate the following characteristics, which are also being observed at Copperhead:



· Kilometre-scale geochemical footprint and geophysical signature

· Grade ranging from 0.35 % Cu (Genoveva, Chile) to 1.39 % Cu (Grasberg, Indonesia)

· Strongly influenced by faulting and fracturing

· Associated with other elements (silver and molybdenum in the case of Copperhead)

· Lengthy intervals of visible copper minerals in drill core

· Well-developed alteration assemblages

· Sheeted "D-veins" (late-stage, sheeted, mineralised, quartz-sulphide veins)

Watch the video presentation - at 29 minutes in “we’ve found copper, we know it’s there” copper was found ever 30meter to 300meters depth in all historic drill holes - creating the 555million in ground value at the time - since copper has risen 70%+ and molybdenum 100%+ now worth 750million + for 2.5% or the target vs 8million mcap

The excitement at kav is due to 50ish ppm soil samples - we have 500+ - again from the video presentation ( “your struggle to find a better balls eye that that”)

+ copperdome - plateau - and merengo

David Price, Chief Executive of Rockfire, said: "This is a significant development for Rockfire, these new funds strengthen our balance sheet and will facilitate an expansion and acceleration of our drilling programme at a time when both the gold and copper prices remain at historically high levels. The additional capital from this Placing will enable sustained drilling at our Copperhead and Copper Dome porphyry projects in Queensland and provides the company with opportunity to expand our exploration at either or both projects, as required. Our planned, inaugural drilling at Copperhead continues to advance, with all drill pads now complete. Sufficient water for drilling has been sourced and a drilling contract has now been signed for an imminent start to drilling."

 

Morning all - drilling contact has been signed for a imminent start to drilling

Yesterday was frustrating as we was told that we already had the funds for all drilling - but now we have an institutional investor on board and funds for sustained drilling and the opportunity to expand afterward at either of Both

So drilling to start "imminently" to reconfirm the previous findings at copperhead valued at 555m at the time - now 750million+ for 2.5% of the target - and with proven copper ever 30meters to 300meters depth I agree it's unlikely were miss, and with technology 50years further advanced likely were recover higher grades.

8ish million market valuation
+ Plataue expansion RNS still due
Additional funds for copperdome

I personally wasn't too bothered yesterday with the drop from 10million Mcap to 8million as 8million is clearly undervalued and will eclipsed by drilling and reconfirming the previous copper found.

Fresh eyes

Have a good day all

· At a current copper price of £4,535 per tonne, this represents an in-ground value of £555m*; - copper has risen 70%+ molybdenum has risen 100%+


· The estimated tonnage only includes a small drilled portion (approximately 5%) of a large surface geochemical anomaly which is 3km x 2km in area and mineralisation remains open in all directions

And that the target has doubled since making the 5% drilled portion 2.5%

https://www.lse.co.uk/rns/ROCK/magnetics-doubles-copper-target-at-copperhead-4trms3azztd61my.html

Feel how you feel ohmni, it’s frustrating for me too as we’re told we were already fully funded.

Iv followed rock for 4 years and only wanted to invest when the copper assets came into the picture - 40mil mcap is my minimum target after reconfirming the 750million + in the ground at copperhead, now with funds to continue drilling and expanding afterwards + copperdome

A fall from 10million to 8million will be irrelevant once drilling starts and we reconfirm the previous copper found

My first tips were at 0.82 -

· At a current copper price of £4,535 per tonne, this represents an in-ground value of £555m*; - copper has risen 70%+ molybdenum has risen 100%+


· The estimated tonnage only includes a small drilled portion (approximately 5%) of a large surface geochemical anomaly which is 3km x 2km in area and mineralisation remains open in all directions

And the target has doubled since, making the 5% drilled portion 2.5%

https://www.lse.co.uk/rns/ROCK/magnetics-doubles-copper-target-at-copperhead-4trms3azztd61my.html Now 5km x 3km

Non sense

At no time in rocks history have they drilled the copper assets which are the only assets rock hold with high likely hood to valued in the billions - just by reconfirming what was previously found will worth 750million+ for 2.5% or the target/orebody and now funded to continue drilling and expand on the 750mil+ after reconfirmation

Yes it is fact that copperhead and copper dome have high chances of success - with copperhead already having proven copper

8million Mcap says it all - its just frustrating they didn’t do it after releasing either of the two pieces of news due at higher prices - not selling a share until results at both campaigns and added 4K 0.87

I still have a 40mil mcap 4p Minimum target after reconfirming previous results

What non sense from ohmni - we was told at the last placing we was fully funded - yet here we are, funded for all operations and more

Copperheads previous drilling is now worth 750million in the ground for 2.5% or the target/orebody with proven copper every 30meters to depths of 300meters - drilling to start “imminently”

A fall from 10million to 8million - the high likelihood upside is still there a weeks/short months away

Still a 8mil valuation for the 4 assets - marengo available for jv partners, plateau rns due and close to production- then both copper assets with proven copper with potential for both to be worth billions and now funded for expanded drilling- temporary dip and buying opportunity to all informed and researched.

8 million market valuation vs high like hood/upside from both campaigns

Temporary dip that will be eclipsed once drilling starts

Derisking*

Morning all- frustrating of ROCK to raise funds again - https://www.lse.co.uk/rns/ROCK/placing-to-fund-drilling-hhpvujnig9zrffn.html

• Inaugural RC drilling at Copper Dome

· Exploration RC drilling close to the resource at Plateau

• Inaugural diamond drilling at Copperhead

After funding less than 3 months ago said we was funded for all future campaigns

https://www.londonstockexchange.com/news-article/ROCK/placing-with-uk-institution/15072146?showDisclaimer=true

Now we've had futher funding before imminent drilling - I would expect this to cause a temporary dip today before drilling starts and then to quickly be recouped and exceeded - success at either overly funded campaign still will add significant value to the current 10mil Mcap by derailing billions in the ground with high chance of success regardless and allow drilling to continue and expand after reconfirming what was previously found.

I first started tipping Rock at 0.82 - I recommend today as a first entry for anyone not already in and for myself and others to top up again at lower prices before drilling starts

Have a good day all

Our regional exploration programmes continue to progress and the results from recent soil sampling at Bell Rock are pleasing. The gravity survey at Plateau is progressing well and should be completed within the next two weeks. This survey is aimed at testing for a gravity anomaly at depth beneath Plateau, which may indicate a source for the gold already found there. Any gravity anomaly detected is likely to become a priority drilling target.

Due two weeks ago tomorrow

The previous 5% drill portion was valued at 555m

https://www.lse.co.uk/rns/ROCK/copperhead-upgraded-to-122500t-copper-equivalent-bw10e1w1kfmx0oc.html

5% = 555m - 100% = 10bn+

Then the target doubled

https://www.lse.co.uk/rns/ROCK/magnetics-doubles-copper-target-at-copperhead-4trms3azztd61my.html

Copper prices has risen 60% since 2019 molybdenum has risen more than 100% ( more commen than not molybdenum is found is major copper deposits )

Thisncampaign at copperhead will be reconfirming what was previously there with an in ground value of 555m at the time - now valued at 750mil+ with the now high metal prices and since the target doubled its 2.5% of the total magnetic body - reconfirming commercial grades will confirm the 5km x 3km magnetic ore body to be commercial ( previous drilling was with drilling and sampling technology 50 years old - new technology will likely recover better grades )

Rockfire is aiming to define a large-tonnage copper deposit. Porphyry copper deposits globally typically demonstrate the following characteristics, which are also being observed at Copperhead:



· Kilometre-scale geochemical footprint and geophysical signature

· Grade ranging from 0.35 % Cu (Genoveva, Chile) to 1.39 % Cu (Grasberg, Indonesia)

· Strongly influenced by faulting and fracturing

· Associated with other elements (silver and molybdenum in the case of Copperhead)

· Lengthy intervals of visible copper minerals in drill core

· Well-developed alteration assemblages

· Sheeted "D-veins" (late-stage, sheeted, mineralised, quartz-sulphide veins)

https://youtu.be/sRX_zWr3Irs 25 minutes in they start speaking about copperhead - I recommend everyone to listen to the whole thing 29minutes in "your struggle to find a better balls eye than that" "We've hit copper, we know it's there"

"Our preparation for diamond drilling at Copperhead is progressing well with access track reestablishment well underway. Drill rig mobilisation is anticipated as soon as the access tracks and drill pads have been completed. In the meantime, a camp, core yard and logistical base has been established in anticipation for drilling.

https://twitter.com/Rockfireplc/status/1413016140440170498?s=19 Access tracks are complete and were 14 days into preparing the drilling pads - drilling to commence at copperhead anyday now

2 rnss due

Plateau expansion ( close to being profitable after that last 5 years of development

And commencing drilling at copperhead- https://youtu.be/sRX_zWr3Irs 29minutes in “we’ve found copper, we know it’s there”

The 2.5% previously drilled is now valued at 750mil+ - this campaign just reconfirming what was previously found will derisk the rest of the magnetic body to valued at 10bn++

Still less than 50% of the 5yearly and 52week highs while in the strongest position in rocks history

11million market cap is still tiny for the upside potential of the copper assets, both with proven copper and high chances of success

ROCK currently valued at 10million

Reconfirming the previous copper found will reconfirm the 555m+ in ground value at the time ( 5% equally 555m 100% = 10bn+ - the target has sinced doubled and the copper price has risen - extraction technology is 50 years further advanced so enhancing the grades will be additional increase ) just the 2.5% we drill alone could derisk 750million-1bn+ in the ground and then the rest of the orebody

Even at early stage - a commercial copper discovery at copperhead deriskes the 5km x 3kms magnetic orebody to contain multi-billions in the ground - potential upwards of 20bn+ even 5 or 10 would be significant

With previous drilling finding grades up to 2.8% and all historic drill holes interspecting copper ever 30meter to 300meters depth - https://youtu.be/sRX_zWr3Irs ( copperhead 25minutes in - 29 minutes "we've found copper, we know it's there" are chances are high

+ Copperdome
+ Plateau has been advancing for over the last 5 years to the point of soon becoming profitable ( RNS also due )

We rose from 8mil Mcap to 12mil ( 1.2 ) and then back to 10million in anticipation of plataue expansion and copperhead drilling campaign commencing - both pieces of news will be with us shortly - success at copperhead or Copperdome will add significant value to the current 11 milion Market capitalisation, both with high chances of success

Well researched investors buying while at ten million valuation before a copper drilling campaign with proven copper worth 750million+ for 2.5% already drilled portion - copperhead is a 10bn++ asset with copper ever 30meter to depth of 300meters

Read the post below

Tracks are laid, drill pads are 12 days into preparation which is the last thing to do - drilling will start any day now

ROCK valued currently at 10million - 4 assets

555m in ground value was for the 5% that was previously drilled ( 100% would equal 10bn+ ) - since the target has doubled - https://www.lse.co.uk/rns/ROCK/magnetics-doubles-copper-target-at-copperhead-4trms3azztd61my.html
- and the copper price has risen - copperhead is a potentially 20bn+ copper asset with proven copper therefore high chance of success

https://youtu.be/sRX_zWr3Irs

At 25 minutes in they start speaking about the copper assets - 29 minutes in "we've found copper, we know is there" previous grades up to 2.8% with all historic drilling encountering copper every 30meters to 300meters depth

"Our preparation for diamond drilling at Copperhead is progressing well with access track reestablishment well underway. Drill rig mobilisation is anticipated as soon as the access tracks and drill pads have been completed. In the meantime, a camp, core yard and logistical base has been established in anticipation for drilling.

https://twitter.com/Rockfireplc/status/1413016140440170498?s=19 Access tracks complete and were 12 days into preparing the drilling pads - drilling to commence at copperhead anyday now

Then fully funded to move to rock's second significantly large copper asset copperdome - which is the red picture - all previous drilling encountered copper with all drill holes ending in copper - then a magnetic survey showed they drilled right above two large magnetic ore body's and just needed to drill deeper to hit them - similarly to GGP in 2018 just needing to drill deeper at Havieron, copperdomes largest target is bigger than Havieron.

· The larger target is 1.5 km long, 700 m wide and occurs between 400 m and 1.3 km deep and remains open beyond that depth.



· The smaller target is 900 m long, 250 m wide and occurs between 600 m and at least 1 km deep.



· Historical diamond drilling from 1972, directly above the targets, intersected typical porphyry grades including 88 m @ 0.23% Cu and 75 m @ 0.13% Cu, with most holes ending in copper mineralisation. Peak values from core sampling were 3.77% Cu and 1.8 g/t Au.

All the spikes over the last 5 years were about rock's 2 gold assets, which are nothing special relativity, but are close now to being profit generating ( one available for JV partners, the second gold asset plataue due an RNS for expansion results ) - it's success at either copper campaign the will be transformative for rocks future as both potentially hold multibillions worth of copper and both have high likely chances of success ( fully funded for both drilling campaigns )

Currently less that half of the 5 yearly and 52w highs while I'm in the strongest position and finally about to bring the copper assets that will bring the significant vs the current 10million valuation

Undervalued as we await commencement of drilling at copperhead

2 rnss due - plateau expansion due last Thursday and commencement of drilling at copperhead due any day now