Molaoi Drilling Update

Rockfire Resources PLC

17 February 2026

 

17 February 2026

Rockfire Resources plc

("Rockfire" or the "Company")

Molaoi Drilling Update

Rockfire Resources plc (LON: ROCK), the base metal, critical mineral and precious metal exploration company, provides the market with a drilling update from Rockfire's 100%-owned Molaoi zinc deposit in Greece.

Highlights

·       Diamond drilling to upgrade the Inferred Resource to Indicated status continues smoothly with the completion of hole HMO-012 at 253.80m, being the 5^th hole of the resource upgrade campaign.

·       Results for hole HMO-010 are now available and the Company is pleased to advise the market that multiple high-grade zinc and germanium lodes have been confirmed by precise geo-chemical analysis.

·       Mineralised intervals in hole HMO-010 include:

§ 0.1m @ 9.6% Zn, 29g/t Ag, 19g/t Ge and 5.8% Pb from 44.24m depth.

§ 1.2m @ 5.5% Zn and 18g/t Ag from 97.50m depth, Including 0.30m @ 54 g/t Ge

§ 5.6m @ 1.3% Zn, 16g/t Ag from 195.45m depth, Including 0.6m @ 5.6% Zn and 19g/t Ge

§ 0.7m @ 4.7% Zn, 22g/t Ag and 29g/t Ge from 238.74m depth.

§ 4.0m @ 5.1% Zn, 23g/t Ag and 15g/t Ge from 256.50m depth, Including 2.3m @ 8.2% Zn, 22.3g/t Ag and 17.7g/t Ge.

·       Assay results from hole HMO-011 are awaited and core from hole HMO-012 will shortly be sent to the laboratory.

·       A second rig is still awaited and our drilling contractor, Geotest Consulting Engineers in Athens continues to advise the Company that delivery of a second rig is soon to be provided.  

 

David Price, Chief Executive Officer of Rockfire, commented:

"High grade zinc and associated germanium is being consistently encountered at Molaoi. The predictability of high grades continues to demonstrate the value of the Molaoi project as a potential future source of germanium for Europe."

"The variation in width of the lodes is well demonstrated in this hole and importantly, the grades remain very impressive. Where the lodes become narrower, the higher grades compensate for the width. Bear in mind that germanium, silver, and lead will all contribute to a higher zinc equivalent average grade and are expected to become valuable by-products once mining commences."

"The JORC Inferred Resource at Molaoi has recently been converted by our geologists and incorporated into the United Nations Framework Classification for Resources ("UNFC"). The Molaoi deposit is among the first resource deposits in Europe to be reported and classified under the new UNFC Code and Rockfire is proud to achieve this milestone."

"In accordance with the UNFC Code, the Molaoi resources are classified as:

E2, F2.1, G3 for zinc, silver, and lead

E3.2, F3.1, G4.1 for germanium."

"We will continue to update the market with our drilling progress including analytical results from the laboratory as they are received."

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

Rockfire Resources plc	E-mail: [e-mail]
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker):	Tel: [phone]
John Depasquale / Ashur Joseph (Corporate Finance)
Matt Butlin (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.

Glossary

Item	Definition
"3D"	three dimensional
'' Ag'' "Au"	Silver Gold
"Cu" "Ga"	Copper Gallium
'' Ge''	Germanium
'' g/t''	grams per tonne
''JORC''	Joint Ore Resource Committee
"km"	Kilometre
"m" "Ni"	Metre Nickel
'' Pb''	Lead
"ppm"	parts per million
"pXRF"	portable X-Ray Florescence
"VMS"	volcanogenic massive sulphide
''' Zn''	Zinc
"ZnEq''	zinc equivalent

Notes to Editors

Rockfire Resources plc (LON: ROCK) is a gold, base metal and critical mineral exploration company, with a high-grade zinc/lead/silver/germanium deposit in Greece and a portfolio of gold/copper/silver projects in Queensland Australia.

·      The Molaoi deposit in Greece has a JORC Inferred Mineral Resource of 15.0 million tonnes @ 7.26% Zn, 1.75% Pb and 39.50g/t Ag, for 1.5 million tonnes of ZnEq. metal. This resource uses a 4% low-grade cut, and equates to 1.09 million tonnes of zinc, 260,000 tonnes of lead and 19.1 million ounces of silver. Molaoi is also reported under the UNFC Code with classification E2, F2.1, G3 for Zn, Ag, and Pb, and E3.2, F3.1, G4.1 for Ge.

·      The Plateau deposit in Queensland has a JORC Inferred Resource of 131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut off. 53,000 of these ounces lie within the top 100m from surface. Plateau is subject to a farm-in by ASX-listed Sunshine Metals Ltd (ASX:SHN).

·      The Marengo prospect in Queensland hosts high-grade gold, silver and copper within an historic goldfield, which is entirely under licence by Rockfire. Marengo is subject to a farm-in by ASX-listed Eastern Resources Ltd (ASX:EFE).

 

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