AUS
NZ
UK
CA
USA
IND
Highlights
Rockfire Resources prepares to commence drilling operations at its Molaoi zinc project in Greece.
The company is implementing a multi-phase exploration program to refine geological resource estimates.
Agreements with local landowners are underway to enable operational access for the drilling stage.
Rockfire Resources plc operates within the base and precious metals exploration sector. This segment focuses on identifying and assessing mineral deposits, particularly in regions with known geological. The company maintains exploration interests across various metals, including zinc and germanium, which are increasingly relevant for global supply chains and industrial applications. Rockfire is a constituent of the ftse all share, aligning it with broader market benchmarks in the UK.
Molaoi Zinc Project Update
The company has confirmed that drilling at the Molaoi zinc deposit in Greece will begin after the national August holiday period. The current program includes an extensive phase of drilling, designed to support detailed geological assessments. The planned campaign consists of a multi-hole strategy focused on enhancing the classification of the resource base.
This round of drilling aims to achieve a refined categorisation of the zinc deposit under recognized standards. The resource model will be incrementally updated throughout the drilling cycle as new data is received. This structured approach supports a deeper understanding of the geological framework and mineral concentration across the site.
Progress on Access and Coordination
Agreements with local landowners are progressing to facilitate site access. The drilling activity is set to cover a substantial geographical area, requiring multiple land access clearances. Rockfire’s (LSE:ROCK) team is actively coordinating with stakeholders to ensure readiness for ground operations. This engagement has been critical in ensuring timely preparation for the upcoming drilling efforts.
Feasibility Study Development
Simultaneously, the groundwork for a broader feasibility study has commenced. This will operate in tandem with drilling activities, drawing on historical data and new core samples to build a comprehensive evaluation framework. Previous studies provided by the Greek authorities have contributed valuable data points, enabling faster development of the current feasibility structure.
As the study evolves, it will incorporate ongoing drilling outcomes. This iterative development supports a structured evaluation of the site’s development under existing geological and operational conditions.
Upon completion of this exploration phase, Rockfire anticipates a revised geological resource classification. An Inferred category for germanium may be outlined following of the collected core samples. Germanium is noted for its applications in electronics and optical systems, making it an area of continued interest in critical mineral supply discussions.
Frequently Asked Questions
- What is the main focus of Rockfire Resources at Molaoi?
The company is conducting a drilling program to enhance geological resource classifications and update feasibility studies based on ongoing results. - Where is the Molaoi project located?
The Molaoi zinc deposit is situated in Greece and is fully owned by Rockfire Resources plc. - What types of metals are being explored?
The primary focus is on zinc, with additional assessments for germanium during the current exploration phase.
