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Rockfire Resources PLC ( (GB:ROCK) ) has issued an announcement.
Rockfire Resources PLC has entered into a Farm-in Agreement with Eastern Resources Limited to advance the Marengo Gold Project in Queensland, Australia. This agreement allows Eastern to fund exploration for high-grade gold, silver, and copper over the next three years, enabling Rockfire to focus on its Molaoi zinc deposit in Greece. The agreement also provides Rockfire with the option to retain a 20% ownership in Marengo or convert it to a 1.5% net smelter royalty, potentially benefiting shareholders with any discovery success.
More about Rockfire Resources PLC
Rockfire Resources PLC is a gold, base metal, and critical mineral exploration company with operations in Greece and Australia. The company focuses on high-grade zinc, lead, silver, and germanium deposits in Greece and gold, copper, and silver projects in Queensland, Australia.
Average Trading Volume: 107,061,986
Technical Sentiment Signal: Buy
Current Market Cap: £12.93M
See more insights into ROCK stock on TipRanks’ Stock Analysis page.