Rockfire Resources Share Discussion Threads

[jlondon] 05/9/2024 00:43

---------Rockfire Resources: "ALLENBY fair value 2.6p/sh"----------
"Estimates 1 of the world's Top 20 undeveloped zince prospects. Only 2.1km of the 7km potential strike tested. High recovery rates. Share price 0.225p."- UK Investor Magazine, 4.9.24

hxxps://x.com/UKInvestorMAG/status/1831287783345811523 4.9.24
See the rest of the Allenby note from UK Investor Mag. 2.6p vs 0.225p=10x plus [above].

[manual dexterity] 04/9/2024 12:05

Superb grades and this resource can get even bigger.

[manual dexterity] 04/9/2024 12:04

Rockfire Resources PLC (LSE:ROCK) shares soared 27% after announcing a big upgrade to its mineral resource for the Molaoi zinc-silver-lead project in Greece.

It increased by 500% to 15.0 million tonnes with grades of 7.26% zinc, 1.75% lead, and 39.5 g/t silver, translating to a zinc equivalent of 9.96%. This figure includes 1.09 million tonnes of zinc, 260,000 tonnes of lead, and 19.1 million ounces of silver.

Additionally, the deposit contains germanium, a geologically rare metal, with a quantity of 105,700 kilograms at a grade of 21.9 g/t.

This metal, currently priced at $3,681 per kilogram, adds a potentially valuable component to any future zinc production from the Molaoi site.

Rockfire highlighted that the upgrade puts Molaoi among the top 20 undeveloped global zinc deposits in terms of tonnage, grade, and zinc equivalent metal content.

It noted that the deposit's full potential has yet to be fully explored, with 2.1 km of a possible 7 km strike included in the current resource model.

"Expanding the Molaoi resource to become such a globally significant deposit with more than 1 million tonnes of zinc, is testimony to the tenacity, hard work and sound geological understanding of, and application by our technical team,” chief executive David Price said in a statement.

[pinkdiamondlover] 04/9/2024 11:59

500% increase in resource announced today from ROCK

[stevebrrr] 04/9/2024 10:50

Interesting upgrade RNs'd.
Will monitor this as this has the hallmarks of a monster deposit. Hmmm.

[tomboyb] 04/9/2024 09:20

Indeed -

Further drilling could additionally increase this world class deposit -

Very significant -

Buy on weakness -

[pinkdiamondlover] 04/9/2024 09:13

Thanks for that Tomboyb. Had not spotted the part re with only a fraction of the potential strike length. It is already top 20 globally.

[tomboyb] 04/9/2024 08:57

Just the beginning Ed -

Thanks for the analysis -

With only a fraction of the potential strike length included in the current resource estimate, further drilling could substantially increase the deposit’s size.

Next EEE -

[edgein] 04/9/2024 08:51

These guys had 250k tn of Zn eqv back in March/April and were targeting 400k tn Zn eqv. So today they have announced 1.5m tn of Zn eqv so well exceeding their 400k tn target. The contained metal values have moved close to $5bn, so you could say looks interesting for a £6m company. Using a cut off of 4% Zn is quite high too. Market still has to twig onto this one from the looks of it.



Regards,
Ed.

[manual dexterity] 04/9/2024 08:38

Rockfire Resources PLC has announced a significant 500% increase in the JORC Mineral Resource at their Molaoi zinc/silver/lead deposit in Greece, now ranking it among the top 20 undeveloped zinc deposits globally. The updated resource not only contains over 1 million tonnes of zinc but also a considerable amount of lead, silver, and the critical metal germanium, presenting a potentially valuable by-product. With only a fraction of the potential strike length included in the current resource estimate, further drilling could substantially increase the deposit’s size.

Just the beginning here. Exciting times ahead.

[manual dexterity] 04/9/2024 08:37

!FOLLOWFEED


Rockfire has continued its focus on the Molaoi zinc/silver/lead/ (+/-germanium) deposit in Greece, which is shaping up to be a significant project, not only for Rockfire, but also for the nation of Greece.

[manual dexterity] 04/9/2024 08:35

Delete thread.

[manual dexterity] 04/9/2024 08:35

!FOLLOWFEED

[manual dexterity] 04/9/2024 08:31

I have taken some today. This looks very interesting.

[2magpies] 04/9/2024 08:14

And .. history suggests ......... a huge fundraise sure to follow... methinks!

[pinkdiamondlover] 04/9/2024 07:41

500% increase in resource Looks good to me

[tomboyb] 04/9/2024 07:02

Follow EEE -

[tomboyb] 04/9/2024 06:39

David Price, Chief Executive Officer of Rockfire, commented:


"Expanding the Molaoi resource to become such a globally significant deposit with more than 1 million tonnes of zinc, is testimony to the tenacity, hard work and sound geological understanding of, and application by our technical team."

"Our maiden JORC resource in 2022 was established on a geological model of a single main zinc lode. At that time, three other lodes were identified but not included in the Maiden resource due to a lack of modern drilling evidence for the verification of these additional lodes."

"Following the last three drilling phases completed by Rockfire, far more geological, structural and geochemical information has become available and a total of 23 lodes have so far been identified. This identification has been aided significantly by the acquisition and deployment of our new portable X-Ray Florescence ("pXRF") analyzer."

"Management has always considered Molaoi to be an outstanding base metal project, however, this updated Resource has far exceeded our expectations. There remains material upside potential for further expansion of the Resource at Molaoi, with 5.5 km of known zinc occurrences outside the upgraded Resource limits. Drilling results along this 5.5 km from drilling during the 1980's include:

· 7.0 m @ 10.2 % Zn (Stavros Prospect)

· 3.0 m @ 6.7 % Zn (Gkagkania Prospect)

· 3.0 m @ 8.4 % Zn (Fournos Prospect)

· 0.5 m @ 27.3 % Zn (Agio Eustratios Prospect)

"In addition to extending the zinc north and south, significant upside also exists at depth, and by drilling out the 23 identified lodes both east and west to their full extent."

"Our goal now will be to move as many zinc tonnes into the "Indicated" category of the JORC Code, for input to a Scoping Study of mining and processing options. Several important drill holes will be required to close drilling gaps on a number of drill lines."

"Molaoi is tracking well towards becoming a world-class zinc deposit. More work is required to get the project to that status, however our team knows how to deliver such results. We are looking forward to bringing regular updates to the market on what is quickly becoming a significant deposit on a global scale."

[tomboyb] 04/9/2024 06:24

Globally significant deposit -

[tomboyb] 04/9/2024 06:23

4 September 2024

Rockfire Resources plc

("Rockfire" or the "Company")

500% increase in Resource at Molaoi

Molaoi now in top 20 undeveloped global zinc deposits

[tomboyb] 04/9/2024 06:22

4 September 2024

Rockfire Resources plc

("Rockfire" or the "Company")

500% increase in Resource at Molaoi

Molaoi now in top 20 undeveloped global zinc deposits



Rockfire Resources plc (Rockfire, LON: ROCK), the base metal, precious metal and critical mineral exploration company, is pleased to announce a JORC Mineral Resource upgrade of 500% at the Molaoi zinc/silver/lead deposit in Greece.



The updated JORC Resource is 500% larger than the Maiden Resource announced in May 2022 (refer to Rockfire RNS 23 May 2022). This new Resource has surpassed all expectations and places Molaoi within the top 20 undeveloped zinc resources globally in terms of tonnage, grade and zinc equivalent metal content.



Molaoi is in the Peloponnese Region of Greece and is held 100% by Hellenic Minerals SA (Hellenic), which in turn is a 100% subsidiary of Rockfire. The Resource is reported in accordance with the Joint Ore Reserve Committee ("JORC") Australasian Code (2012) for Reporting of Exploration Results, Mineral Resources and Ore Reserves.



Highlights

· The Inferred JORC Resource estimation for Molaoi is:



15.0 million tonnes @ 7.26 % Zn, 1.75 % Pb and 39.5 g/t Ag

(9.96 % zinc equivalent)



· Molaoi contains 1,090,000 tonnes of zinc, 260,000 tonnes of lead, and 19.1 million ounces of silver.



· This Resource equates to 1,500,000 tonnes of zinc equivalent metal content, with zinc currently trading at US$2,881 per tonne.



· Molaoi also contains one of the world's geologically rare critical metals, germanium. A preliminary germanium quantity, which does not comply with the requirements of the JORC Code has been calculated at:



4.8 million tonnes @ 21.9 g/t Ge (105,700 kilograms germanium)



· Germanium is currently selling for US$3,681 per kilogram and represents a potentially valuable by-product of any future zinc production from Molaoi.



· A low-grade cut-off of 4 % for Zn has been used in the Resource estimate.



· The overall average width of all lodes throughout the resource is 4.1 m, with widths varying from 0.2 m to more than 20 m.



· Only 2.1 km of a potential strike extent of 7 km has been included in the Resource and mineralisation remains open at depth and along strike to the north and south.



· In the 2022 Maiden Resource estimate, 4 parallel mineralised lodes had been identified. A revised geological and mineralisation model has now identified 23 sub-parallel, north/south-striking, east-dipping lodes, with 18 of these lodes modelled. More lodes are yet to be tested both east and west.



· Owing to scheduling cut-offs, recent Rockfire drill holes HMO-005, HMO-006 and HMO-007 are not included in this resource estimate and are expected to increase the resource further.

o HMO-005 intersected 1.7 m @ 11.5% ZnEq.

o HMO-006 intersected 1.5 m @ 3.2 % ZnEq.

o HMO-007 intersected 2.0 m @ 14.3 % ZnEq.



· Metallurgical flotation test work completed in 1984 resulted in 96 % zinc recovery, 92 % lead recovery and 91 % silver recovery into a bulk concentrate. These recovery factors prove that the mineralisation at Molaoi is highly recoverable.



· The following figures show a typical E/W cross-section and a typical N/S long section. Individual zinc lodes are shaded different colours.

[blueball] 29/8/2024 14:42

Ashes to Ashes by David Bowie.

[bigboots] 28/8/2024 12:10

Pure lifestyle company, no growth, no volume.... just burning cash.

[joestalin] 24/8/2024 14:46

Remember the Bonzo Dog Band?

This seems apposite right now:-