Business
New partner to advance the Marengo Goldfield
Rockfire Resources has entered a binding Farm-in agreement with Eastern Resources to advance exploration at its 100%-owned Marengo Gold Project in Queensland. Eastern will sole-fund exploration for the next three years, with a total expenditure of AUD$1,500,000. Rockfire has the option to retain 20% ownership or convert its right over a 20% share to a 1.5% net smelter royalty. Upon completion of the expenditure, Eastern will have a total of 80% interest in the Tenement. The Tenements accounted for £292,831 of the Company's Intangible assets as at June 30, 2025. Eastern shall pay AUD$1 million to Rockfire in cash or Eastern shares upon announcing a JORC Mineral Resource Estimate of at least 500,000 ounces of gold. Disclaimer*
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n\n29 September 2025\nRockfire Resources plc\n(\"Rockfire\" or the \"Company\")\n \nNew partner to advance the Marengo Goldfield in Australia\n \nRockfire Resources plc (LON: ROCK), the base metal, critical mineral and precious metal exploration company, is pleased to announce that the Company has entered into a new Farm-in Agreement at its 100%-owned Marengo Gold Project in Queensland, Australia. The purpose of the Farm-in will be to advance exploration for high-grade gold, silver and copper.\n \nHighlights\n \n• Rockfire has entered into a binding Farm-in agreement with Eastern Resources Limited (\"Eastern\") to advance the Marengo gold deposit in Queensland. Eastern is listed on the Australian Stock Exchange (ASX:EFE).\n \n• The Farm-in is over the Marengo tenement (EPM25715) (the \"Tenement\")\n \n• The Farm-in sees Eastern sole-funding exploration at Marengo for the next 3 years, with funding being engaged on direct expenditure on the tenement.\n \n• Rockfire will continue to focus its financial, logistical and human resources on the Molaoi zinc deposit in Greece, which hosts an Inferred, JORC resource of 15 million tonnes @ 7.26% zinc, 1.75% lead, and 39.5g/t silver for 1.5MT of zinc equivalent. The project also hosts the critical mineral, Germanium.\n \n• Rockfire has the option to retain 20% ownership of Marengo, and to participate 20% expenditure in on-going exploration, or it may elect to convert its right over a 20% share to a 1.5% net smelter royalty. With this structure, any discovery success by Eastern will directly benefit shareholders of Rockfire.\n \n \n \n \nDavid Price, Chief Executive Officer of Rockfire, commented:\n\"The establishment of this Farm-in and eventual joint venture is a positive step for the Marengo project and for Rockfire generally. This enables our team to focus its efforts on the Molaoi project in Greece and allows for the advancement of Marengo at the same time.\"\n\"The joint venture structure is designed so that Eastern will sole-fund exploration costs on the project, with minimum allowance for administration costs. We are delighted to welcome Eastern Resources to the Marengo Project, and we believe that the team at Eastern will d...