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Rockfire Resources PLC ( (GB:ROCK) ) just unveiled an update.
Rockfire Resources has resumed diamond drilling at its 100%-owned Molaoi zinc deposit in Greece, aiming to upgrade the existing JORC Inferred Mineral Resource to Indicated status, with the fourth drill hole confirming that mineralisation continues and remains open to the south. Preliminary portable XRF readings from hole HMO-011 show several narrow but high-grade intervals of zinc, silver, lead and barium—with the latter supporting an emerging geological model of an epithermal overprint on a VMS system—while Rockfire advances hydrology and ecological studies, commissions SLR Consulting to refine its mineralisation model, and seeks geophysical survey quotes, underscoring steady technical de-risking of the project ahead of future feasibility work.
The most recent analyst rating on (GB:ROCK) stock is a Hold with a £0.16 price target. To see the full list of analyst forecasts on Rockfire Resources PLC stock, see the GB:ROCK Stock Forecast page.
Spark’s Take on GB:ROCK Stock
According to Spark, TipRanks’ AI Analyst, GB:ROCK is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow). Technical indicators also point to subdued momentum with the price below key moving averages, while valuation signals are constrained because the company is loss-making and no dividend yield is available.
To see Spark’s full report on GB:ROCK stock, click here.
More about Rockfire Resources PLC
Rockfire Resources plc is a London-listed exploration company focused on gold, base metals and critical minerals, with a flagship high-grade zinc/lead/silver/germanium deposit at Molaoi in Greece and a portfolio of gold, copper and silver projects in Queensland, Australia. Its Molaoi project hosts a JORC Inferred Mineral Resource of 15 million tonnes grading 7.26% zinc, 1.75% lead and 39.5 g/t silver, while the Plateau and Marengo projects in Queensland are being advanced through farm-in agreements with ASX-listed partners.
Average Trading Volume: 80,463,054
Technical Sentiment Signal: Hold
Current Market Cap: £14.44M
Find detailed analytics on ROCK stock on TipRanks’ Stock Analysis page.