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An update from Rockfire Resources PLC ( (GB:ROCK) ) is now available.
Rockfire Resources plc has announced new findings from the University of Patras regarding its Molaoi zinc deposit in Greece. The research identified high-grade gallium, nickel, copper, and gold within the deposit, which could significantly impact the project’s exploration strategy and long-term economics. The company is conducting further metallurgical tests to determine the commercial viability of extracting these elements. The findings suggest that Molaoi may be more akin to a deposit formed in an epithermal setting, indicating multiple mineralizing episodes. Rockfire is committed to advancing the project towards feasibility, with drilling underway to enhance resource confidence.
More about Rockfire Resources PLC
Rockfire Resources plc 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 at 7.26% Zn, 1.75% Pb, and 39.50g/t Ag. The Plateau deposit in Queensland has a JORC resource of 131,000 ounces of gold and 800,000 ounces of silver.
Average Trading Volume: 110,868,820
Technical Sentiment Signal: Buy
Current Market Cap: £14.97M
Learn more about ROCK stock on TipRanks’ Stock Analysis page.