Rockfire drills high-grade zinc and germanium as Molaoi advances under new UN resource code

An announcement from Rockfire Resources PLC ( (GB:ROCK) ) is now available.

Rockfire Resources has reported further progress in its drilling campaign at the 100%-owned Molaoi zinc deposit in Greece, where diamond drilling aimed at upgrading the resource from Inferred to Indicated status has now reached its fifth hole. The latest assays from hole HMO-010 confirm multiple high-grade zinc and germanium lodes, reinforcing the consistency and predictability of mineralisation, while results from subsequent holes are pending and a second drill rig is still awaited from contractor Geotest.

Chief executive David Price said the strong grades, including valuable by-products of germanium, silver and lead that enhance the zinc-equivalent grade, underline Molaoi’s potential as a future European source of critical minerals. Rockfire also highlighted that the Molaoi resource has been among the first in Europe to be converted from JORC Inferred classification into the United Nations Framework Classification for Resources, a step that may strengthen its technical credibility and regulatory alignment as it advances the project for stakeholders.

The most recent analyst rating on (GB:ROCK) stock is a Hold with a £0.20 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 back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), partially offset by a debt-free balance sheet and improved operating cash flow. Technical indicators are supportive and lift the score, while valuation is constrained by a negative P/E and lack of dividend data.

To see Spark’s full report on GB:ROCK stock, click here.

More about Rockfire Resources PLC

Rockfire Resources is a London-listed exploration company focused on gold, base metals and critical minerals, with a flagship high-grade zinc, lead, silver and germanium deposit at Molaoi in Greece and additional gold, copper and silver projects in Queensland, Australia. Its portfolio includes the Plateau gold-silver deposit and the Marengo gold-silver-copper prospect, both subject to farm-in agreements with ASX-listed partners, providing exposure to multiple metals and jurisdictions.

Average Trading Volume: 112,441,113

Technical Sentiment Signal: Buy

Current Market Cap: £17.49M

Learn more about ROCK stock on TipRanks’ Stock Analysis page.