Interim Results

Rockfire Resources PLC

28 September 2026

 

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

28 September 2026

Rockfire Resources plc

 (“Rockfire” or the “Company”)

Interim Results

Rockfire Resources plc (LON: ROCK), the base metal, precious metal, and critical mineral exploration company, is pleased to announce its unaudited interim results for the six months ended 30 June 2026. The total comprehensive loss attributable to the shareholders of the Company for the six months ended 30 June 2026 was £1,126,157, an increase of £498,933 from the comparable period to 30 June 2025. The increase in total comprehensive loss principally reflects the increase in expenditure during the period, including increased activity associated with the Company’s drilling and project development activities.

Rockfire is actively pursuing the development of the Molaoi zinc/germanium/silver/lead deposit in Greece. A transition from the Inferred JORC category to the Indicated JORC category of resource remains in progress. Several factors have resulted in this process taking longer than expected, including extensively broken ground conditions, a scarcity of experienced drillers and a shortage of available drilling rigs throughout Europe. Rockfire is addressing these issues by acquiring its own drilling rig to provide the Company with improved productivity from the drilling schedule.

Drilling to upgrade the resource and to increase the resource to the north is expected to continue until at least the end of the 2026 calendar year. Several long lead-time surveys have commenced, including an Ecological Study, a Hydrology Study, and comminution tests. Each of these activities will feed directly into a pre-feasibility study, scheduled to commence in the second quarter of 2027.

PROJECT PORTFOLIO SUMMARY

Molaoi Zinc-Lead-Silver-Germanium Deposit, Peloponnese, Greece

Diamond drilling to upgrade the Inferred Resource to Indicated status resumed after the Christmas/New Year break on 13 January 2026, as scheduled.

Most drill holes drilled to their intended depth so far at Molaoi by Rockfire has intersected potentially economic grades and conceptually mineable widths of zinc/silver/lead and germanium.

Results for hole HMO-010 were announced to the market on 17 February 2026. Multiple high-grade zinc and germanium lodes were intersected including 1.2m @ 5.5% Zn and 18g/t Ag from 97.50m depth, including 0.30m @ 54 g/t Ge. A second lode averaging 5.60m wide graded 1.3% Zn, 16g/t Ag from 195.45m depth and a third lode 4.00m wide returned 5.1% Zn, 23g/t Ag and 15g/t Ge from 256.50m depth.

Strong germanium grades were still being intersected all the way through the southern zones of the resource area. Results returned from hole HMO-011 include 2.00m @ 5.13% Zn, 20.2g/t Ge, 27.4g/t Ag and 1.33% Pb. This interval commences at 36.10m below surface, with the highest individual assay in this interval being 1.10m @ 9.12% Zn and 30.0g/t Ge.

Hole HMO-012 returned results from a 2m wide zone at 67.23m depth which assayed 4.3% Zn, 20.5g/t Ge and 23.7g/t Ag. A second, 1m wide lode at 76.00m depth returned 59.0g/t Ag and 0.2% Cu. A narrow (0.15m) interval at 119.85m depth intersected 1.7% Cu, which is the second-highest copper value ever recorded at Molaoi.

Hole HMO-013 intersected a 1.20m wide zone grading 32.2ppm Ag, 1.2% Pb, 4.86% Zn and 17.9g/t Ge. This zone occurs at 47.00m depth.

Hole HMO-014 encountered slow and difficult drilling conditions. This hole had a target depth of more than 380.00m but was suspended at 195.80m due to caving of the hole and will be re-drilled later.

The Rockfire Board advised the market on 10 April 2026 that it had committed to the acquisition of the Company's own drilling rig.

On 18 May 2026, results from drill hole HMO-015 were announced to the market, with a headline interval of 11.90m @ 8.8% Zn, 49.0g/t Ag and 25.2g/t Ge from 354.90m downhole depth. A second lode of 3.02m @ 7.5% Zn, 40.9g/t Ag, 19.0g/t Ge and 1.3% Pb was encountered at a depth of 386.28m from surface.

Analytical laboratory results from hole HMO-016 include 0.76m @ 22.4% Zn, 187g/t Ag, 8.8% Pb and 34.6g/t Ge at 314.18m downhole depth, 1.08m @ 8.2% Zn, 42.5g/t Ag, 1.6% Pb and 22g/t Ge from 407.11m downhole depth and 4.50m @ 3.0% Zn, 20.7g/t Ag, 0.9% Pb and 20g/t Ge from 417.95m downhole depth.

The results of an engineering appraisal of the historical underground mining access at the Company's Molaoi project in Greece were announced on 11 June 2026. The conclusion of the appraisal was that the underground mine development is in good condition and is most likely to be capable of reuse for future access. The steel support sets visible from the entrance remain undeformed, with no evidence of structural failure or rockfall-related damage.

Lighthouse Au-Ag deposit, Queensland, Australia

On 5 January 2023, Rockfire entered into a binding agreement with Sunshine Metals Limited (ASX:SHN) to farm-in to Lighthouse and for Sunshine to earn up to a 75% interest in the tenement. On Sunshine achieving 75% ownership, Rockfire shall have the right to elect to contribute 25% of on-going expenditure, or to convert to a 1.5% Net Smelter Royalty (NSR).

On 30 April 2026, Sunshine announced the acquisition of the Mt Moss operation, including the operation’s gold crushing and grinding facility. At the same time, Sunshine also announced a AUD$22 million capital raising comprising a AUD$19 million two tranche placement and a share purchase plan to raise up to AUD$3 million.

Sunshine's strategy is to identify shallow (<50m), oxide gold resources for processing at the Mt Moss facility and the Company is rapidly evaluating the commercial potential of its multiple deposits, including Plateau. Plateau represents an advanced project with a near-surface, Inferred Resource totalling 49koz Au at 2.0 g/t Au.

Marengo Au/Ag/Cu deposit, Queensland, Australia

Eastern Resources Limited ("Eastern") entered into a binding farm-in agreement with Rockfire on 29 September 2025 (the "Farm-in"), which sees Eastern sole-funding the exploration at Marengo for the next 3 years, with funding being engaged on direct expenditure on the tenement.

An update on exploration activity at Marengo was provided to the Australian Stock Exchange by Eastern on 1 June 2026. In this update, initial fieldwork, including mapping and rock sampling had been completed.

Post 30 June 2026, results of this rock sampling were announced to the market on 9 July 2026. All samples returned anomalous to elevated levels of gold, confirming gold-silver rich mineralisation close to surface.

CORPORATE

Exercise of Warrants

On 3 July 2025, the Company announced that it had conditionally raised £2 million by way of a placing of 2,000,000,000 new ordinary shares at a price of 0.1 pence. In addition, participants in the placing received warrants over 1,000,000,000 new ordinary shares, representing 1 warrant for every 2 new ordinary shares subscribed for. The warrants are assignable and exercisable at the issue price for a period of 24 months from admission of the placing shares to trading on AIM.

In late January 2026, the Company announced that it had received notice of exercise of 120,000,000 warrants for a consideration of £120,000.

Further exercise notices of 3,750,000 warrants for a consideration of £3,750, 2,500,000 warrants for a consideration of £2,500 and 5,000,000 warrants for a consideration of £5,000 were received on 9 February, 24 February and 18 March 2026 respectively.

POST BALANCE SHEET EVENTS

On 10 August 2026, Rockfire announced a subscription of 1,954,545,446 new ordinary shares at 0.11 pence per share to raise £2.15 million before expenses. Temeraire Partners, as the broker arranging the subscription, received warrants equal to 4% of the value of the subscription shares, with each warrant entitling the holder to acquire one new ordinary share at an exercise price of 0.11 pence at any time in the 36-month period starting on the day of admission of the subscription shares to trading on AIM. Therefore, a total of 78,181,818 warrants were issued. If all the warrants are exercised in full, the Company will receive further gross proceeds of approximately £86,000. The subscription shares were admitted in two tranches with 1,913,636,356 being admitted on 24 August 2026 and the remaining 40,909,090 being admitted on 7 September 2026.

On 26 August 2026, Rockfire announced that options to subscribe for 400,000,000 new ordinary shares in the Company were granted on 24 August 2026 to Directors and senior managers of the Company at an exercise price of 0.23 pence per ordinary share, being double the mid-market closing price on 21 August 2026 of 0.11 pence plus 0.01 pence, in accordance with the terms of the Directors' service agreements. The options have a term of three years, and any unexercised options will expire at midnight on 24 August 2029.

The grants made were as follows:

Name of Director or manager	Number of options	Exercise price	Option expiry date	Total number of options held
Gordon Hart	70,000,000	£0.0023	24/08/2029	135,000,000
David Price	70,000,000	£0.0023	24/08/2029	135,000,000
Ian Staunton	30,000,000	£0.0023	24/08/2029	64,000,000
Nicholas Walley	30,000,000	£0.0023	24/08/2029	64,000,000
Patrick Elliott	30,000,000	£0.0023	24/08/2029	64,000,000
Steven Hunt	30,000,000	£0.0023	24/08/2029	30,000,000
Christos Skevas	50,000,000	£0.0023	24/08/2029	50,000,000
Georgios Skevas	30,000,000	£0.0023	24/08/2029	30,000,000
George Vlachos	30,000,000	£0.0023	24/08/2029	30,000,000
Konstantinos Christodoulou	30,000,000	£0.0023	24/08/2029	30,000,000
Total	400,000,000			632,000,000

For further information on the Company, please visit  www.rockfireresources.com or contact the following: 

Rockfire Resources plc:	[e-mail]
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker)	Tel: [phone]
John Depasquale / Ashur Joseph (Corporate Finance) Matt Butlin/ Kelly Gardiner (Sales and Corporate Broking)
CMC Markets UK Plc (Joint Broker)	Tel: [phone]
Douglas Crippen
Oak Securities (Joint Broker)	Tel: [phone]
Jerry Keen/ Robert Bell

Qualified Person Statement

The technical information in this announcement is based on information compiled by Mr David Price, the Chief Executive Officer of Rockfire Resources plc, who is a Fellow of the Australasian Institute of Mining and Metallurgy (F.AusIMM). Mr Price has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a "Qualified Person" in accordance with the AIM Rules Guidance Note for Mining and Oil & Gas Companies. Mr Price consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

ROCKFIRE RESOURCES PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX MONTHS ENDED 30 JUNE 2026

		6 months to 30 June 2026	6 months to 30 June 2025	12 months to 31 December 2025
		£	£	£
	Note	(Unaudited)	(Unaudited)	(Audited)
Interest income		196	-	48
Gain on remeasurement of deferred consideration		-	-	96,200
Administrative expenses		(1,289,762)	(536,087)	(1,428,330)
Loss before taxation		(1,289,566)	(536,087)	(1,332,082)
Taxation		-	-	-
Loss attributable to shareholders of the Company		(1,289,566)	(536,087)	(1,332,082)
Items that may be subsequently reclassified to profit or loss:
Foreign exchange translation movement		163,409	(91,137)	45,145
Total comprehensive loss attributable to shareholders of the Company		(1,126,157)	(627,224)	(1,286,937)
Loss per share attributable to shareholders of the Company
Basic and diluted (pence)	4	(0.01)	(0.01)	(0.03)

ROCKFIRE RESOURCES PLC

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2026

		As at 30 June 2026	As at 30 June 2025	As at 31 December 2025
		£	£	£
	Note	(Unaudited)	(Unaudited)	(Audited)
ASSETS
Non-current assets
Intangible assets	5	7,387,309	5,843,194	6,428,080
Property, plant and equipment		83,076	38,775	21,477
Other receivables		174,122	74,856	91,818
Total non-current assets		7,644,507	5,956,825	6,541,375
Current assets
Cash and cash equivalents		1,829,762	140,079	1,057,236
Trade and other receivables		236,984	72,634	168,278
Total current assets		2,066,746	212,713	1,225,514
Total assets		9,711,253	6,169,538	7,766,889
EQUITY AND LIABILITIES
Equity attributable to shareholders of the Company
Share capital	7	14,747,052	10,128,111	12,308,110
Share premium		21,654,434	21,398,106	21,177,646
Other reserves		2,295,035	2,295,035	2,295,035
Merger relief reserve		190,000	190,000	190,000
Foreign exchange reserve		(337,411)	(637,102)	(500,820)
Retained deficit		(29,473,372)	(27,387,813)	(28,183,806)
Total equity		9,075,738	5,986,337	7,286,165
Current liabilities
Trade and other payables	6	635,515	183,201	480,724
Total current liabilities		635,515	183,201	480,724
Total liabilities		635,515	183,201	480,724
Total equity and liabilities		9,711,253	6,169,538	7,766,889

ROCKFIRE RESOURCES PLC

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE SIX MONTHS ENDED 30 JUNE 2026

	Share capital	Share premium	Other reserves	Merger relief reserve	Foreign exchange reserve	Accumulated losses	Total
	£	£	£	£	£	£	£
At 1 January 2025	9,933,289	21,271,228	2,295,035	190,000	(545,965)	(26,931,012)	6,212,575
Loss for the period	-	-	-	-	-	(536,087)	(536,087)
Foreign exchange translation movement	-	-	-	-	(91,137)	-	(91,137)
Total comprehensive loss	-	-	-	-	(91,137)	(536,087)	(627,224)
Issue of share capital (Note 7)	194,822	126,878	-	-	-	-	321,700
Share-based payment	-	-	-	-	-	79,286	79,286
Total transactions with shareholders	194,822	126,878	-	-	-	79,286	400,986
At 30 June 2025 (Unaudited)	10,128,111	21,398,106	2,295,035	190,000	(637,102)	(27,387,813)	5,986,337
Loss for the period	-	-	-	-	-	(795,995)	(795,995)
Foreign exchange translation movement	-	-	-	-	136,282	-	136,282
Total comprehensive loss	-	-	-	-	136,282	(795,995)	(659,713)
Issue of share capital (Note 7)	2,179,999	(96,199)	-	-	-	-	2,083,800
Cost of share issue	-	(124,261)	-	-	-	-	(124,261)
Share-based payment	-	-	-	-	-	2	2
Total transactions with shareholders	2,179,999	(220,460)	-	-	-	2	1,959,541
At 31 December 2025 (Audited)	12,308,110	21,177,646	2,295,035	190,000	(500,820)	(28,183,806)	7,286,165
Loss for the period	-	-	-	-	-	(1,289,566)	(1,289,566)
Foreign exchange translation movement	-	-	-	-	163,409	-	163,409
Total comprehensive loss	-	-	-	-	163,409	(1,289,566)	(1,126,157)
Issue of share capital (Note 7)	2,438,942	692,308	-	-	-	-	3,131,250
Cost of share issue	-	(215,520)	-	-	-	-	(215,520)
Total transactions with shareholders	2,438,942	476,788	-	-	-	-	2,915,730
At 30 June 2026 (Unaudited)	14,747,052	21,654,434	2,295,035	190,000	(337,411)	(29,473,372)	9,075,738

ROCKFIRE RESOURCES PLC

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDED 30 JUNE 2026

		6 months to 30 June 2026	6 months to 30 June 2025	12 months to 31 December 2025
		£	£	£
	Note	(Unaudited)	(Unaudited)	(Audited)
Cash flow from operating activities
Loss for the period before tax		(1,289,566)	(536,087)	(1,332,082)
Depreciation		5,013	4,511	6,159
Expenses settled in shares		-	22,000	16,762
Loss on property, plant and equipment		-	-	17,856
Finance income		(196)	-	(48)
Foreign exchange rate loss/ (gain)		61,917	(85,782)	(88,978)
Share-based payment and warrant charge	8	-	79,286	79,288
Gain on fair value on deferred consideration		-	-	(96,200)
		(1,222,832)	(516,072)	(1,397,243)
(Increase)/ decrease in trade and other receivables		(90,416)	(41,691)	90,630
Increase in trade and other payables		97,387	9,849	58,245
Net cash flow outflow from operating activities		(1,215,861)	(547,914)	(1,248,368)
Cash flow from investing activities
Exploration expenditure	5	(860,840)	(195,632)	(637,369)
Acquisition of property, plant and equipment		(66,699)	(2,580)	(3,957)
Deferred consideration payments		-	-	(50,000)
Cash settled deferred consideration		-	(50,000)	-
Interest received		196	-	48
Net cash used in investing activities		(927,343)	(248,212)	(691,278)
Cash flow from financing activities
Proceeds from issuance of ordinary shares		3,131,250	-	2,184,938
Share issue costs	7	(215,520)	-	(124,261)
Net cash generated by financing activities		2,915,730	-	2,060,677
Net increase/ (decrease) in cash and cash equivalents		772,526	(796,126)	121,031
Cash and cash equivalents at the beginning of the period/ year		1,057,236	936,205	936,205
Cash and cash equivalents at the end of the period/ year		1,829,762	140,079	1,057,236

ROCKFIRE RESOURCES PLC

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED 30 JUNE 2026

1  Principal activities

Rockfire Resources plc is a public limited company, admitted to trading on AIM and incorporated and domiciled in England and Wales.

The Company and its subsidiaries (together, the ‘Group’) principal activity continues to be that of the exploration for base metals, precious metals and critical minerals in Molaoi, Greece and Queensland, Australia.

2 Basis of preparation

The unaudited consolidated financial statements are for the six-month period ended 30 June 2026. They do not include all the information required for full annual financial statements and should be read in conjunction with the audited consolidated financial statements of the Group for the year ended 31 December 2025.  

The financial statements are prepared on the historical cost basis or the fair value basis where the fair valuing of relevant assets and liabilities has been applied.

The financial statements have been prepared in accordance with accounting policies consistent with those set out in the Group’s financial statements for the year ended 31 December 2025.

The financial statements incorporate the financial statements of the Company and subsidiaries controlled by the Company as at 30 June 2026.

The financial information set out in this interim report does not constitute statutory accounts as defined in Section 435 of the Companies Act 2006. The Group's statutory financial statements for the year ended 31 December 2025 have been filed with the Registrar of Companies. Those financial statements received an unqualified audit report and did not contain statements or matters to which the auditors drew attention under the Act.

The Group’s consolidated financial statements are presented in GB pounds sterling (“£” or “GBP”) which is also the functional currency.

3 Critical accounting estimates and judgements

The preparation of the Group’s consolidated interim financial statements under IFRS requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Significant estimates and accounting judgements

The judgements and key sources of estimation uncertainty that have a significant effect on the amounts recognised in the interim financial information are consistent with those followed in the preparation of the Annual Report and Financial Statements for the year ended 31 December 2025 which are filed with the Registrar of Companies.

4 Loss per share

Basic and diluted loss per share

The calculation of basic and diluted loss per share is based on the loss attributable to ordinary shareholders of £1,289,566 (30 June 2025: £536,087) and a weighted average number of ordinary shares in issue of 8,719,959,682 (30 June 2025: 4,062,844,837).

5    Intangible assets

			30 June 2026	30 June 2025	31 December 2025
			£	£	£
At 1 January			6,428,080	5,657,375	5,657,375
Additions			860,840	195,632	637,369
Foreign exchange differences			98,389	(9,813)	133,336
At 31 December			7,387,309	5,843,194	6,428,080

6              Trade and other payables

		As at 30 June 2026	As at 30 June 2025	As at 31 December 2025
		£	£	£
Trade payables		359,868	91,778	307,506
Other payables		272,792	70,206	139,274
Accruals		2,855	21,217	33,944
		635,515	183,201	480,724

7 Share capital

		30 June 2026	30 June 2025	31 December 2025
Issued share capital		Number	Number	Number
Deferred shares of £0.099 each		51,215,534	51,215,534	51,215,534
Ordinary shares of £0.001 each		8,751,384,361	4,132,442,063	6,312,442,063
		30 June 2026	30 June 2025	31 December 2025
Issued share capital		£	£	£
Fully paid		14,747,052	10,128,111	12,308,110
		14,747,052	10,128,111	12,308,110

Ordinary shares

		30 June 2026	30 June 2025	31 December 2025
		Number	Number	Number
Allotted, called up and fully paid
At 1 January		6,312,442,063	3,937,620,625	3,937,620,625
Issued for cash		2,307,692,298	-	2,000,000,000
Issued on exercise of warrants		131,250,000	-	180,000,000
Issued in respect of deferred consideration		-	185,000,000	185,000,000
Issued in lieu of fees		-	9,821,438	9,821,438
At 31 December		8,751,384,361	4,132,442,063	6,312,442,063

Share capital

			30 June 2026	30 June 2025	31 December 2025
			£	£	£
Allotted, called up and fully paid
At 1 January			12,308,110	9,933,289	9,933,289
Issued for cash1			2,307,692	-	2,000,000
Issued on exercise of warrants1			131,250	-	180,000
Issued in respect of deferred consideration			-	185,000	185,000
Issued in lieu of fees			-	9,822	9,821
At 31 December			14,747,052	10,128,111	12,308,110

1In the period ended 30 June 2026 includes issue costs of £215,520 (30 June 2025: £nil; 31 December 2025: £124,260).

Fully paid ordinary shares carry one vote per share and carry the right to dividends. There are no shares held by the Company or its subsidiaries.

The deferred shares carry no voting or income rights. The only right attaching to deferred shares is to receive the amount paid up on a winding up of the Company once the holders of ordinary shares have received £1,000,000 per ordinary share.

The nominal value of the issued share capital includes a cumulative foreign exchange difference of £925,331 which crystallised in 2017 when the Group’s functional and presentational currency was changed from US$ to GBP.

8 Share options and warrants

Share options

	Options		Weighted average exercise  price
	No.		£
Outstanding and exercisable at 1 January 2025	57,000,000		0.003
Granted during the period	175,000,000		0.003
Outstanding and exercisable at 30 June 2025	232,000,000		0.003
Outstanding and exercisable at 31 December 2025	232,000,000		0.003
Outstanding and exercisable at 30 June 2026	232,000,000		0.003

Share options are provided to those Directors responsible for delivering the Group’s strategy and to attract and retain the best executive management talent. This ensures alignment of the interests of management directly with those of shareholders.

The fair value of the options granted during each period was calculated using the Black Scholes Model.

During the period ended 30 June 2026, £Nil has been recognised as a share-based expense in the statement of comprehensive income related to the grant of share options.

Warrants

	Warrants		Weighted average exercise  price
	No.		£
Outstanding at 1 January 2025	-		-
Outstanding at 30 June 2025	-		-
Granted during the year	1,000,000,000		0.0010
Exercised during the year	(180,000,000)		0.0010
Outstanding at 31 December 2025	820,000,000		0.0010
Outstanding at 1 January 2026	820,000,000		0.0010
Exercised during the year	(131,250,000)		0.0010
Outstanding and Exercisable at 30 June 2026	688,750,000		0.0010

9       Subsidiaries

The Group's subsidiary undertakings at 30 June 2026, were as follows:

Entity name	Proportion held	Class of shareholding	Nature of business	Country of incorporation	Registered office
BGM Investments Pty Limited	100%	Ordinary	Exploration	Australia	c/o MGD Financial Pty Ltd Level 3, 88 Tribune Street, South Brisbane, QLD 4101, Australia.
Hellenic Minerals SA	100%	Ordinary	Exploration	Greece	Philellinon No 9, Alexandroupoli, 68131, Greece.
Rockfire Resources PLC Pty Ltd*	100%	Ordinary	Exploration	Australia	c/o MGD Financial Pty Ltd Level 3, 88 Tribune Street, South Brisbane, QLD 4101, Australia.

*Rockfire Resources PLC Pty Ltd was incorporated on 1 April 2026.

10 Joint Ventures

Lighthouse JV

On 20 January 2023, the Company announced that it had entered into a joint venture (‘’JV’’) with Sunshine Metals Limited to advance the Plateau gold deposit in Queensland, Australia. Under the terms of the JV, Sunshine Metals Limited may earn up to a 75% interest in the Lighthouse Project tenements through funding exploration and development expenditure.

The JV includes the Lighthouse Project exploration permit tenement EPM25617 and the adjoining Kookaburra exploration permit tenement EPM26705 in Queensland. As at 30 June 2026 these tenements accounted for £1,532,475 (31 December 2025: £1,461,003) of the Group's intangible assets. As all expenditure on the tenements are capitalised, there were no losses or profits attributed to the tenements.

During the farm in period, Sunshine Gold Limited must keep the tenements in good order and meet all statutory reporting, rehabilitation and expenditure obligations.

As at 30 June 2026, Sunshine Metals Limited had incurred total expenditure of AUD$740,718 (excluding GST) across the project area. In July 2026, the parties agreed to extend the Stage 2 and Stage 3 expenditure deadlines to 19 March 2027 and 19 March 2028 respectively.

Marengo JV

Eastern Resources Limited ("Eastern") entered into a binding farm-in agreement with Rockfire on 29 September 2025 (the "Farm-in"), which sees Eastern sole-funding the exploration at Marengo for the next 3 years, with funding being engaged on direct expenditure on the tenement.

An update on exploration activity at Marengo was provided to the Australian Stock Exchange by Eastern on 1 June 2026. In this update, initial fieldwork, including mapping and rock sampling had been completed.

Post 30 June 2026, results of this rock sampling were announced to the market on 9 July 2026. All samples returned anomalous to elevated levels of gold, confirming gold-silver rich mineralisation close to surface.

11 Availability of interim results

A copy of the half-yearly results can be viewed on the Company’s website at: www.rockfireresources.com.

 

END