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LONDON - Rockfire Resources plc (LON: ROCK), a company involved in the exploration of base metals, critical minerals, and precious metals, announced the appointment of CMC Markets UK Plc (LSE: LON:CMCX) as its joint broker, effective immediately. The exploration firm, which operates projects in Greece and Australia, is expanding its brokerage support as it continues to develop its mineral assets.
Rockfire Resources, with its diverse portfolio, including the high-grade zinc/lead/silver/germanium Molaoi deposit in Greece, boasts a JORC Inferred Mineral Resource of 2.3 million tonnes. This resource includes significant quantities of zinc, lead, and silver, with estimates of 210,000 tonnes of zinc, 39,000 tonnes of lead, and 3.5 million ounces of silver. The Molaoi deposit’s resource calculation is based on a 4% low-grade cut-off, resulting in a zinc equivalent (ZnEq) tonnage of 250,000.
In Queensland, Australia, the company’s Plateau deposit has a JORC resource of 131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut-off. Notably, 53,000 ounces of gold are accessible within the top 100 meters from the surface. The Plateau project is part of a joint venture with Sunshine Metals Ltd (ASX:SHN), a company listed on the Australian Securities Exchange.
The appointment of CMC Markets as a joint broker is expected to provide Rockfire with enhanced market representation and access to capital markets expertise. CMC Markets, known for its financial services in the UK, will work alongside Rockfire’s existing broker and nominated adviser, Allenby Capital Limited.
This strategic partnership with CMC Markets aligns with Rockfire’s ongoing efforts to advance its exploration activities and resource development. The information regarding the broker appointment and project details was sourced from a press release statement.
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