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Rockfire Resources PLC ( (GB:ROCK) ) has provided an announcement.
Rockfire Resources has reported fresh drilling results from its 100%-owned Molaoi zinc deposit in Greece, where diamond drilling continues to upgrade the existing JORC Inferred resource to Indicated status. Recent hole HMO-013 has intersected very high pXRF zinc readings, alongside strong lead, silver, copper and barium responses, extending high-grade mineralisation to the west and south of most historical drilling.
The company notes that copper and silver values from recent drilling are beginning to exceed many historical highs at Molaoi, with elevated barium suggesting potential zonation towards a more silver, copper and gold-rich domain. Rockfire is also considering buying its own modern drilling rig from Athens to reduce reliance on third-party rigs, a move that could accelerate exploration timelines and enhance operational control at the project.
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. The group also holds gold, copper and silver projects in Queensland, Australia, including the Plateau and Marengo prospects, some of which are subject to farm-in agreements with ASX-listed partners.
Average Trading Volume: 116,769,956
Technical Sentiment Signal: Buy
Current Market Cap: £17.84M
Find detailed analytics on ROCK stock on TipRanks’ Stock Analysis page.