Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Rockfire Resources PLC ( (GB:ROCK) ) has shared an update.
Rockfire Resources plc announced that Sunshine Metals Limited will accelerate drilling and mining studies at the Plateau Gold Deposit in Queensland, Australia, following a successful AUD$3 million placement. This initiative aims to capitalize on high gold prices by rapidly evaluating and developing near-surface gold resources, with drilling expected to commence in May 2025. The development is part of a broader strategy to utilize nearby processing facilities, potentially benefiting Rockfire through its stake in the project and providing ongoing updates to its shareholders.
More about Rockfire Resources PLC
Rockfire Resources plc 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 company has a significant JORC Inferred Mineral Resource in Greece and a notable gold and silver resource at the Plateau deposit in Queensland.
YTD Price Performance: -38.89%
Average Trading Volume: 53,156,692
Technical Sentiment Signal: Buy
Current Market Cap: £4.55M
For a thorough assessment of ROCK stock, go to TipRanks’ Stock Analysis page.