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Molaoi Drilling Update

Today 07:00

RNS Number : 4918K
Rockfire Resources PLC
01 July 2026
 

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

1 July 2026

Rockfire Resources plc

("Rockfire" or the "Company")

Molaoi Drilling Update: Germanium Intersected at Over 50g/t

Rockfire Resources plc (LON: ROCK), the base metal, critical mineral and precious metal exploration company, provides a drilling update from Rockfire's 100%-owned Molaoi zinc deposit in Greece. High grade germanium up to 52.3g/t Ge continues to be encountered in drill core.

Highlights

· Diamond drilling to upgrade the Inferred Resource to Indicated Resource status continues with hole HMO-020 currently in progress.

 

· A high value of 52.3g/t Ge has been intersected over 0.5m wide in hole HMO-017 at 309.5m downhole depth.

 

· Analytical laboratory results from Hole HMO-017 include:

 

2.20m @ 4.5% Zn, 38.8g/t Ag, 1.2% Pb and 35.7g/t Ge at 254.45m downhole depth.

1.00m @ 16.1% Zn, 33.80g/t Ag, 0.7% Pb and 21g/t Ge from 288.00m downhole depth

5.9m @ 5.0% Zn, 20.5g/t Ag, 1.4% Pb and 16g/t Ge from 309.50m downhole depth.

 

· Results from the laboratory for drill holes HMO-018 and HMO-019 are awaited.

 

· Portable XRF readings from hole HMO-019 include:

 

Peak individual values of 50.0% Zn

Peak individual readings up to 18.8% Pb

Peak individual silver values including 179g/t Ag and 163g/t Ag

2.50% Cu is the highest individual copper reading

The pXRF does not measure germanium.

 

The cleanliness of the pXRF machine is established by measuring a BLANK reference material (a translucent quartz crystal) at the beginning of each day. A Certified Reference Material (CRM) specific to volcanic-hosted massive sulphide Zn-Pb-Cu-Ag-Au ore (ORES 620) is measured for accuracy/precision of the pXRF machine with a reading taken at the beginning of each day.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drill hole location map within the Molaoi Licence.

 

David Price, Chief Executive Officer of Rockfire, commented:

"Results from Hole HMO-017 continue to confirm the widths and grades of the deposit overall - information that will feed into our Indicated Resource upgrade. With each hole drilled, our geological team is monitoring, interpreting and adjusting the geological model. High-grade zinc, silver, germanium and lead values continue to be intersected, and the geological model is holding up under the scrutiny of the drilling rig.

It is pleasing to see that numerous lodes have again been intersected in hole HMO017. An interval of 16% Zn over an interval of 1.0m has the potential to be captured into our underground mine plan using a minimum mechanised mining width of 2.0m. This, of course still results in an average grade of 8% Zn over the 2m mining width. That's even before the valuable by-products of silver and germanium are added to the economics.

The market will continue to be informed and updated as we receive results from the laboratory."

 

 

For further information on the Company, please visit www.rockfireresources.com or contact the following:

 

Rockfire Resources plc

E-mail: info@rockfire.co.uk

David Price, Chief Executive Officer

Allenby Capital Limited (Nominated Adviser & Broker):

Tel: +44 (0) 20 3328 5656

John Depasquale / Ashur Joseph (Corporate Finance)

Matt Butlin (Sales and Corporate Broking)

CMC Markets UK Plc (Joint Broker)

Tel: +44 (0)20 3003 8632

Douglas Crippen

Oak Securities (Joint Broker)

Tel: +44 (0) 20 3973 3678

Jerry Keen / Robert Bell

 

 

Qualified Person Statement

The technical information in this announcement is based on information compiled by Mr David Price, the Chief Executive Officer of Rockfire Resources plc, who is a Fellow of the Australasian Institute of Mining and Metallurgy (F.AusIMM). Mr Price has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a "Qualified Person" in accordance with the AIM Rules Guidance Note for Mining and Oil & Gas Companies. Mr Price consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

 

 

 

Glossary

Item

Definition

"3D"

three dimensional

'' Ag''

"Au"

Silver

Gold

"Cu"

"Ga"

Copper

Gallium

'' Ge''

Germanium

'' g/t''

grams per tonne

''JORC''

Joint Ore Resource Committee

"km"

Kilometre

"m"

"Ni"

Metre

Nickel

'' Pb''

Lead

"ppm"

parts per million

"pXRF"

portable X-Ray Florescence

"VMS"

volcanogenic massive sulphide

''' Zn''

Zinc

"ZnEq''

zinc equivalent

 

 

Notes to Editors

Rockfire Resources plc (LON: ROCK) is a gold, base metal and critical mineral exploration company, with a high-grade zinc/lead/silver/germanium deposit in Greece and a portfolio of gold/copper/silver projects in Queensland Australia.

· The Molaoi deposit in Greece has a JORC Inferred Mineral Resource of 15.0 million tonnes @ 7.26% Zn, 1.75% Pb and 39.50g/t Ag, for 1.5 million tonnes of ZnEq. metal. This resource uses a 4% low-grade cut, and equates to 1.09 million tonnes of zinc, 260,000 tonnes of lead and 19.1 million ounces of silver. Molaoi is also reported under the UNFC Code with classification E2, F2.1, G3 for Zn, Ag, and Pb, and E3.2, F3.1, G4.1 for Ge.

 

· The Plateau deposit in Queensland has a JORC Inferred Resource of 131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut off. 53,000 of these ounces lie within the top 100m from surface. Plateau is subject to a farm-in by ASX-listed Sunshine Metals Ltd (ASX:SHN).

 

· The Marengo prospect in Queensland hosts high-grade gold, silver and copper within an historic goldfield, which is entirely under licence by Rockfire. Marengo is subject to a farm-in by ASX-listed Eastern Resources Ltd (ASX:EFE).

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END
 
 
DRLFMMJTMTAJTAF
Date   Source Headline
26th Jun 20257:00 amRNSMolaoi Update
2nd Jun 20257:00 amRNSNED appointment prepares ROCK for development
28th Mar 20259:53 amRNSResult of General Meeting
28th Mar 20257:00 amRNSImportant milestones continue to advance Molaoi
27th Mar 20257:18 amRNSDrilling & mining studies accelerated by Sunshine
12th Mar 202510:30 amRNSIssue of Fee Shares & Director/PDMR Shareholding
7th Mar 20254:30 pmRNSNotice of General Meeting
27th Feb 202512:30 pmRNSAppointment of Joint Broker
27th Feb 202512:20 pmRNSGrant of Options
27th Feb 202512:10 pmRNSFinal payment for acquisition of Molaoi Asset
17th Feb 202511:45 amRNSHolding(s) in Company
11th Feb 20257:00 amRNSSurvey finds second zinc zone
31st Dec 20241:30 pmRNSTotal Voting Rights
23rd Dec 202411:04 amRNSGrant of Share Options
11th Dec 20247:00 amRNSResult of Retail Offer & Result of Fundraise
6th Dec 20247:00 amRNSRetail Offer
6th Dec 20247:00 amRNSPlacing to raise £660,000
5th Dec 20248:27 amRNSZinc added to UK Critical Mineral List
4th Dec 202412:14 pmRNSGermanium Export Ban by China
22nd Nov 20247:00 amRNSProgress Update at Molaoi
8th Oct 202411:53 amRNSBoard Change
30th Sep 20245:00 pmRNSTotal Voting Rights
19th Sep 20247:00 amRNSResult of Retail Offer & Result of Fundraise
16th Sep 20249:13 amRNSRetail Offer
16th Sep 20249:09 amRNSPlacing and Subscription to raise £0.45 million
9th Sep 20247:00 amRNSInterim Results
4th Sep 20247:18 amRNS500% increase in Resource at Molaoi
12th Aug 20249:22 amRNSSunshine Metals update at Lighthouse
1st Aug 20247:00 amRNSMolaoi drilling update
5th Jul 20247:00 amRNSAppointment of Executive Director
28th Jun 20242:46 pmRNSResult of Annual General Meeting
26th Jun 20247:00 amRNSExploration update for the Molaoi Project
10th Jun 20247:00 amRNSExtension drilling at Molaoi - resource potential
31st May 20247:00 amRNSAnnual Results for the year ended 31 December 2023
21st May 20247:00 amRNSMolaoi drilling update
19th Mar 20249:22 amRNSZinc beneath the main resource at Molaoi
4th Mar 20247:00 amRNSHigh grade germanium intersected at Molaoi
1st Feb 202411:47 amRNSReceipt of US$2 million & Corporate Update
31st Jan 20245:00 pmRNSTotal Voting Rights
30th Jan 20249:20 amRNSConfidence builds from twinned holes at Molaoi
24th Jan 202412:52 pmRNSIssue of Fee Shares & Director/PDMR Shareholding
19th Jan 20247:00 amRNSSunshine Gold exploration at Lighthouse
19th Dec 202310:28 amRNSResult of General Meeting
12th Dec 20239:26 amRNSReturn of funds
4th Dec 20232:39 pmRNSApplication to OFSI for return of US$2 million
28th Nov 202311:46 amRNSNotice of General Meeting
15th Nov 20239:39 amRNSHolding(s) in Company
15th Nov 20239:32 amRNSSunshine commences drilling at Lighthouse
13th Nov 20233:00 pmRNSTermination of Emirates Gold acquisition
13th Nov 20233:00 pmRNSRestoration - Rockfire Resources PLC

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