Rockfire to start drilling at Molaoi by mid-September
By Josh White
Date: Friday 08 Aug 2025
(Sharecast News) - Rockfire Resources confirmed in an update on Friday that drilling at its 100%-owned Molaoi zinc deposit in southern Greece would begin before 15 September, following the country's August holiday period.
The AIM-traded firm said the planned programme would involve 30 holes and was designed to upgrade the existing resource to the Indicated category under JORC standards.
It said it also expected to deliver a maiden Inferred resource estimate for germanium - a high-value critical mineral - upon completion of the campaign.
Access agreements with local landowners were already underway to enable the programme to proceed across the 2.2 kilometre strike length of the deposit.
Rockfire said assay results would be announced as they were received, with the resource model updated in parallel and a feasibility study to be initiated and refined as drilling progresses.
"It is with great pleasure that we are able to inform the market of our start date for drilling," said CEO David Price.
"Our investors have been understanding during the permitting process, and we are most appreciative of their patience with this necessary process.
"Rockfire is immensely grateful to the community and landowners for their support of the project and their willingness to allow drilling to continue on their land."
At 1240 BST, shares in Rockfire Resources were down 2.4% at 0.12p.
Reporting by Josh White for Sharecast.com.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN