Rockfire Resources Company Research (ROCK)

Recent exploration by Rockfire Resources plc’s (ROCK.L) at the Molaoi Zinc-Lead-Silver-Germanium Project, located in Greece, has defined numerous regional targets that, with additional drilling, could expand the scale of the resource base well beyond its current level. Molaoi’s existing resource base already makes the deposit one of the world's top 20 undeveloped zinc projects globally, despite the significant exploration potential. Rockfire is focused on moving the Molaoi Project into production rather than defining additional tonnes. Once in production, with cash flow being generated, the company plans to redeploy the cash generated to define additional resources and potentially expand the scale, or life, of the operation. With this in mind, Rockfire's upcoming drill programme is focused on infill drilling to decrease the drill spacing between holes so that the confidence level of the resource can be increased from inferred to indicated. An indicated resource base will give Rockfire the data required to feed into a feasibility study for an underground mine at Molaoi, which will be critical to securing the permits and funding required to commence construction at the project.