Rockfire Resources (ROCK) Identifies High-Grade Mineralisation at Molaoi as Drilling Suggests Feeder Zone Potential

Rockfire Resources (LSE:ROCK) has provided an update on drilling activity at its wholly owned Molaoi zinc project in Greece, where the company is working to upgrade the deposit’s resource classification from Inferred to Indicated status. The latest drill hole, HMO-016, intersected several narrow but high-grade zones containing zinc, lead, and silver mineralisation at depth.

According to management, portable XRF readings from the latest drilling included one of the strongest zinc grades recorded at the project to date. The new results also indicate that the main mineralised structure may steepen significantly at depth, potentially transitioning into a near-vertical feeder zone associated with higher-grade mineralisation.

Rockfire said this interpretation could have important implications for future underground mining, as a steeper geometry may allow for simpler, safer, and more cost-effective extraction methods. To accelerate exploration progress, the company has also ordered its own drilling rig, reinforcing its commitment to advancing Molaoi as a strategically important base metals and critical minerals project.

The company’s outlook remains weighed down by weak financial performance, including the absence of revenue, continuing losses, and negative free cash flow. These pressures are partly offset by Rockfire’s debt-free balance sheet and signs of improving operating cash flow. Technical indicators remain supportive and contribute positively to sentiment, while valuation metrics continue to be constrained by a negative price-to-earnings ratio and the lack of dividend information.

More About Rockfire Resources PLC

Rockfire Resources is a London-listed exploration company focused on gold, base metals, and critical minerals. Its flagship asset is the high-grade zinc, lead, silver, and germanium deposit at Molaoi in Greece. The company also holds a portfolio of gold, copper, and silver projects in Queensland, Australia, including the Plateau deposit and the historic Marengo goldfield, both of which are subject to farm-in agreements with ASX-listed partners.