Rockfire Resources

What Rockfire Resources does

Rockfire Resources PLC is a UK-incorporated, AIM-listed mineral exploration company headquartered in London with operating activities in Greece and Queensland, Australia. Its principal asset is the Molaoi volcanogenic massive sulphide deposit in the Peloponnese region of Greece, held through wholly-owned subsidiary Hellenic Minerals IKE under a 30-year government-awarded exploration and exploitation lease. Molaoi hosts a JORC Inferred Resource of 15.0 MT @ 9.96% ZnEq., containing 1.09 million tonnes of zinc, 260,000 tonnes of lead, 19.1 million ounces of silver, and notably germanium values associated with high-grade zinc intersections. The company positions Molaoi as one of the largest critical raw material deposits in Europe, intended to serve construction, energy storage, military, and health supply chains. Rockfire's exploration methodology combines diamond and reverse circulation drilling, induced polarisation and aeromagnetic geophysics, soil and rock-chip geochemistry, and JORC-compliant resource estimation, with assays processed at ALS Laboratories in Ireland.

The Australian portfolio comprises four Queensland tenements: Copperhead (64.0 MT @ 0.19% CuEq. porphyry copper-molybdenum maiden Inferred Resource), Lighthouse/Plateau (3.9 MT @ 1.1 g/t Au and 6.4 g/t Ag, farmed out to Sunshine Gold which can earn up to 75%), Marengo (a high-level intrusion-related gold system farmed out to Eastern Resources which can earn up to 80%), and Copper Dome (porphyry copper-gold target with historical drill hits of up to 15m @ 0.88% Cu). Two of these assets are operated under farm-in structures where partners fund exploration in exchange for staged earn-in rights, with Rockfire retaining either a contributing minority interest or a 1.5% Net Smelter Royalty conversion option.

Rockfire is a pre-revenue explorer that funds all operations through equity capital raises on AIM, most recently a £3.5 million institutional subscription in September 2023. The company employs 1–10 people across London and field offices, has no product pricing or subscription model, and currently generates no operating revenue. Monetisation pathways articulated by management include resource definition to attract development partners, joint ventures, farm-outs, or asset sales, with the Molaoi 2026 drilling program explicitly targeting an upgrade from JORC Inferred to Indicated classification.

Name

Rockfire Resources

Legal name

Rockfire Resources PLC

Website

https://rockfireresources.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Rockfire Resources PLC is a pre-revenue AIM-listed mineral exploration company developing the Molaoi zinc-lead-silver-germanium deposit in Greece and a portfolio of gold and copper projects in Queensland, Australia, positioning itself as a supplier of European critical raw materials.

Ownership category

akta.pro rank

Product category

Mineral Exploration & Mining

NAICS

Gold Ore and Silver Ore Mining (21222), Mining, Quarrying, and Oil and Gas Extraction (21), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Mineral Royalty Traders (6795)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Copper Exploration & Resource Development (IMAKADAA), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Mineral exploration
• Critical raw materials
• Base metals exploration
• Porphyry copper deposits
• Gold exploration projects

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Infrastructure, Others

Revenue model

1. Pre-revenue Exploration Stage: Rockfire Resources is a pre-revenue mineral exploration company. It has no current production or sales. The company funds all operations through equity capital raises on AIM (institutional subscriptions, share placements) and aims to generate returns for shareholders by discovering mineral resources, developing deposits, entering joint ventures or farm-out agreements, or selling assets. No revenue is generated from operations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Rockfire Resources is a mineral exploration company engaged in the identification, drilling, and JORC-compliant resource estimation of base and precious metal deposits across Greece and Australia. Its primary asset is the wholly-owned Molaoi volcanogenic massive sulphide project in Greece (zinc, lead, silver, germanium), complemented by a portfolio of gold and copper projects in Queensland, Australia, several of which are farmed out to ASX-listed partners. The company funds its exploration activities through equity raises on AIM and seeks to monetise discoveries through development, joint ventures, farm-out arrangements, or asset sales.

Product overview

Rockfire Resources PLC is a mineral exploration company with a portfolio of mining projects across Greece and Australia. The company operates five distinct projects: Molaoi (zinc, lead, silver, germanium in Greece), Lighthouse/Plateau (gold, silver in Queensland), Copperhead (copper, molybdenum in Queensland), Copper Dome (copper, gold in Queensland), and Marengo (gold, copper, silver in Queensland). Some projects are subject to farm-in agreements with other ASX-listed companies. The company is focused on exploration and development of critical raw materials for European markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Molaoi Project A volcanogenic massive sulphide deposit in the Peloponnese Province of Southern Greece containing zinc, lead, silver, and germanium. The project has a JORC Resource of 15.0 MT @ 9.96% ZnEq. for 1.09MT zinc, 260,000 tonnes lead, and 19.1Moz silver, wholly-owned through Hellenic Minerals IKE. Targeted at supplying European critical raw materials demand.
• Lighthouse/Plateau Project A gold and silver project in Queensland, Australia with an Inferred JORC Resource of 3.9 Million tonnes @ 1.1 g/t Au and 6.4 g/t Ag for 131,302 oz. gold and 800,000 oz. silver at the Plateau Prospect. The tenement is located near Charters Towers and is farmed out to Sunshine Gold Limited (ASX:SHN), which can earn up to 75% interest.
• Copperhead Project An undeveloped, large-scale porphyry copper-molybdenum deposit in central Queensland, Australia with a Maiden Inferred JORC Resource of 64.0 Million tonnes @ 0.19% CuEq. for 120,000 tonnes of copper equivalent. The deposit is open in all directions across a 2km x 3km surface geochemical footprint with less than 0.05% drill-tested.
• Copper Dome Project A copper and gold porphyry target in Queensland, Australia, located approximately 50km southwest of the Copperhead project. Features two unique magnetic high targets with intrusions and alteration zones spanning ~2km by ~1km, and historical drilling results including 12m @ 0.61% Cu and 15m @ 0.88% Cu.
• Marengo Project A structurally-controlled, high-level Intrusion Related Gold System (IRGS) in central Queensland incorporating the historical Marengo Goldfield with 37 historical gold diggings. Rock samples have returned up to 149g/t Au, 17% Cu, and 78g/t Ag. The project is farmed out to Eastern Resources Limited (ASX:EFE), which can earn up to 80% interest.

Quantifiable outcome

• 500% increase in JORC resource at Molaoi between 2022 and 2024
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Eastern Resources Limited (ASX:EFE)coreStrategic or Co-development Partner · 29 September 2025Rockfire entered into a Binding Agreement with ASX-listed Eastern Resources Limited for Eastern to farm-in to the Marengo Gold/Copper/Silver Project in Queensland. Eastern can earn up to an 80% interest in the tenement. Upon Eastern achieving 80% ownership, Rockfire retains the right to elect to contribute 20% of on-going expenditure or convert to a 1.5% Net Smelter Royalty (NSR).
• Sunshine Gold Limited (ASX:SHN)coreStrategic or Co-development Partner · 5 January 2023Rockfire entered into a Binding Agreement with ASX-listed Sunshine Gold Limited for Sunshine to farm-in to the Lighthouse/Plateau Gold Project near Charters Towers, Queensland. Sunshine can earn up to a 75% interest in the tenement. Upon Sunshine achieving 75% ownership, Rockfire has the right to elect to contribute 25% of on-going expenditure or convert to a 1.5% Net Smelter Royalty (NSR).
• Greek Government (Hellenic Minerals IKE)coreStrategic or Co-development Partner · 1 March 2022The Greek Government awarded a 30-year exploration and exploitation lease for the Molaoi project to Hellenic Minerals IKE (Rockfire's 100%-owned Greek subsidiary) following an Open International Tender in 2021. Rockfire participated with financial and technical support, making Hellenic Minerals the selected winning bidder.
• ALS Laboratories (Ireland)minorOthersALS Laboratories in Ireland conducts comprehensive assay analysis of Rockfire's drill core samples from the Molaoi project, including testing for zinc, lead, silver, copper, gold, and germanium content. This is a standard analytical services relationship for exploration companies.
• PKF LittlejohnminorOthersPKF Littlejohn serves as Rockfire Resources' auditor, reviewing and attesting to the company's financial statements from their office at 30 Churchill Place, Canary Wharf, London E14 5RE.
• Druces LLPminorOthersDruces LLP acts as solicitors to the company for English law matters, providing legal counsel on corporate, regulatory, and contractual matters from their office at 99 Gresham Street, London EC2V 7NG.
• Resources Legal Pty LtdminorOthersResources Legal Pty Ltd serves as solicitors to the company for Australian law matters, providing legal counsel on tenements, joint ventures, and Australian regulatory compliance from their office in Beecroft, NSW, Australia.
• Share Registrars LimitedminorOthersShare Registrars Limited acts as the company's registrars, maintaining the share register and handling shareholder communications from their office at The Courtyard, 17 West Street, Farnham, Surrey GU9 7DR, United Kingdom.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Power Metal Resources: AIM-listed (LSE:POW) diversified critical and battery metals explorer with a portfolio of early- to mid-stage projects — closely comparable to Rockfire's model of running a multi-asset, multi-jurisdiction metals exploration portfolio funded via AIM equity issuance.
• New Pacific Metals: TSX-listed (TSX:NUAG) silver and gold developer with the Silver Sand project in Bolivia — comparable to Rockfire as a junior developing a defined multi-million-ounce silver/gold resource toward feasibility and partner discussions.
• Emmerson Plc: AIM-listed junior developing the Khemisset potash project in Morocco with a diversified portfolio of base-metals interests — directly comparable to Rockfire as a small AIM-listed single-commodity development story targeting European/Mediterranean critical mineral supply.
• Anglesey Mining: AIM-listed (LSE:AYM) polymetallic developer with the Parys Mountain copper-zinc-lead project in Wales — comparable to Rockfire as an AIM-listed junior with a defined historic base-metals resource seeking to define and develop a polymetallic critical minerals asset.
• SolGold: AIM-listed (LSE:SOLG) copper-gold porphyry explorer developing the Alpala project in Ecuador — directly comparable to Rockfire as an AIM-listed junior with a single large-scale porphyry copper-gold target at advanced drilling/resource stage.
• Chaarat Gold: AIM-listed (LSE:CGH) gold explorer and developer with assets in the CIS/Türkiye — directly comparable as an AIM-listed junior precious-metals explorer progressing resource definition through drilling programmes funded via equity raises.
• Kincora Copper: TSX Venture-listed (TSXV:KCC) copper-gold explorer with porphyry projects in Mongolia and Australia — directly comparable to Rockfire's porphyry copper-gold exposures at Copperhead and Copper Dome, sharing early-stage porphyry copper drilling and JORC-style resource definition workflows.

Broad incumbents

• Central Asia Metals: LSE-listed (LSE:CAML) mid-tier base-metals producer with copper, zinc and lead by-product production across Central Asia — comparable as a broader incumbent base-metals developer whose development trajectory illustrates the route from AIM-listed explorer to producing critical-metals operator.
• Pan American Silver: TSX/Nasdaq-listed (TSX/NASDAQ:PAAS) major silver producer with a broad portfolio of operating gold and silver mines — comparable as a silver-focused incumbent to which Molaoi (19.1 Moz contained silver) could in theory supply concentrate or be acquired by as a development asset.

Regional players

• Atalaya Mining: LSE-listed (LSE:ATYM) copper producer operating the Riotinto project in southern Spain — comparable as a European-focused base-metals operator that converts Iberian mineral resources into producing mines, the eventual development path Rockfire aspires to for Molaoi.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/papuaminingplc
• LinkedInlinkedin.com/company/papua-mining-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rockfire Resources