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Germanium and Gallium confirmed at Molaoi
Germanium and Gallium confirmed at Molaoi.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n\nThe 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.\n \n23 August 2023\nRockfire Resources plc\n(\"Rockfire\" or the \"Company\")\n Germanium and Gallium confirmed at Molaoi\n\nRockfire Resources plc (LON: ROCK), the base metal, gold, and critical mineral exploration company, is pleased to announce that the Company has confirmed the presence of high-grade germanium and elevated gallium in recent drill core from its 100%-owned Molaoi zinc deposit in Greece, through the reanalysis of all Rockfire core.\n \nGermanium grades between 9.0 and 40.0 g/t have been recorded with an average from 7 holes of 23.7 g/t Ge over average downhole intersection of 4.6 metres, with the highest individual germanium assay being 73.8g/t Ge in hole MO_GTK_003A.\n \nGallium grades between 9.7 and 19.0 g/t have been intersected with an average of 15.3 g/t Ga over the average downhole intersection of 4.6 metres, with the highest individual gallium assay being 33.3g/t Ga in hole MO_GTK_003A.\n \nThese high Ge and Ga grades are expected to add significant further value to the Molaoi project economics\n \n \nHighlights\n \n· Germanium and gallium add significant value, with an average of 39% uplift in the Zinc-equivalent grade of the Molaoi core.\n \n· The germanium price is currently US$ 2.75m (GBP£ 2.16m) per tonne.\n \n· Germanium and gallium are both included on the US and EU lists of critical minerals, owing to geological scarcity. Gallium is included on the UK list of critical minerals.\n \n· China has recently announced restrictions on the export supplies of both gallium and germanium products, citing national security reasons.\n \n· Rockfire's initial analysis for germanium in holes MO_GTK_001 through to hole MO_GTK_007 failed to detect any germanium. The Company thought this was highly irregular, given that germanium has been identified in historical drill core.\n \n· Our technical team decided to reanalyse the core for germanium using a different analytical method. Instead of u...