Rockfire Resources PLC (LON:ROCK)

Rockfire Resources PLC (LON:ROCK)


Share Price
0.70 p
Change
0 (0.00 %)
Market Cap
£3.03 m
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Rockfire Resources PLC

The Company’s objective is to create a successful, value-driven and growth-oriented business to maximise shareholder wealth. The means of achieving this will be to focus its exploration effort on world-class mineralised domains with the aim to discover and develop economic deposits of gold, copper and silver. Rockfire has a number of opportunities for discovery within its portfolio of...

EPIC: ROCK
Market: LSE:ROCK
52-week High/Low: 2.47p / 0.65p
Sector: Mining
Market Cap: £3.03 m
Website: www.rockfireresources.com
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Big Picture – A Deep Dive Examination of Rockfire Resources PLC


Rockfire Resources PLC Snapshot

Company Strategy

“The Company’s objective is to create a successful, value-driven and growth oriented business to maximise shareholder wealth. The means of achieving this will be to focus its exploration effort on world-class mineralised domains with the aim to discover and develop economic deposits of gold, copper and silver. Rockfire has a number of opportunities for discovery within its portfolio of tenements.

In Queensland, Rockfire will explore and advance its gold and copper projects whilst examining all available opportunities to capitalise on nearby operating processing plants. Through the potential use of toll treatment options at neighbouring mines, Rockfire aims to minimise costs of moving towards early gold production. Rockfire will be focussed on delivery of resources in Queensland, where historical drilling has already identified significant gold, copper and silver mineralisation.

In Papua New Guinea, the Company’s strategy will be to assess the results of its exploration at its advanced copper projects.

As part of its corporate strategy, Rockfire will also be closely monitoring and evaluating acquisition opportunities for appropriate projects that could result in near term production and positive cash flow for the Company.”

Board of Directors

Gordon Hart
Chairman


Gordon Hart has over 35 years of experience in the equity capital and financial advisory markets. He has spent the last 12 years as Managing Director of Venture Group Equities Pty. Ltd, where he advised on transactions involving over US$300 million of funding. He is a Graduate of the Australian Institute of Company Directors and has a Graduate Diploma in Corporate Governance. Gordon has a wealth of corporate knowledge, equities and finance expertise and emerging company experience to the Company, having developed an expertise in emerging resource and technology companies which will be invaluable in assisting Rockfire’s future development.

David Price
Chief Executive Officer


David is Chief Executive Officer and Managing Director of Rockfire Resources plc. David is an experienced geologist and senior executive with +30 years of experience in the global mining industry and has over 20 years’ experience in securing funding for exploration projects. David holds the highest category of membership as a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and is a Competent Person for Mineral Exploration under the guidelines of the JORC Code. David has previously held senior roles in both listed and private resource companies including CEO of Golden Tiger Mining Limited, CEO of Convergent Minerals Limited and Managing Director of Millennium Mining Limited.

Ian Staunton
Non Executive Director


Mr Staunton has worked in the City of London for more than 40 years, in roles including Audit Partner, Corporate Finance Partner and Equity Partner in various accounting firms.

Mr Staunton is a qualified Chartered Accountant, a Fellow of the Institute of Chartered Accountants and has a Diploma in Corporate Finance. Having worked as Equity Partner and Head of Capital Markets for Chantrey Vellacott DFK LLP and a Senior Equity Partner for Moore Stephens during the last 25 years, Ian provides Rockfire with an extremely strong level of accounting and audit experience. Such high-level accounting, audit and compliance capability fulfils Rockfire’s ambition to broaden its corporate skill base and to bring unparalleled experience from London onto the board. Mr Staunton will Chair the Audit Committee of Rockfire Resources.

Majority Shareholders

Michael Somerset-Leeke 13.70%
Nicholas Walley 10.05%
Paul & Michelle Johnson (Value Generation) 8.29%
Salida Capital (Europe) Limited 3.99%
David W Price * 3.64%
Edward Fry 3.48%
South Pacific Mining Holdings Ltd 3.05%
   
   
  46.20%

 

Registered office:

27/28 Eastcastle Street, London W1W 8DH

email: [email protected]

Nominated Advisor

Allenby Capital Limited
5 St. Helen’s Place,
London EC3A 6AB
John Depasquale/Nick Athanas/Asha Chotai
+44 20 3328 5656

Broker

First Equity Limited
Salisbury House, London Wall,
London, EC2M 5PS
Jason Robertson
+44 20 7374 2212

Solicitors to the Company as to English law

Druces LLP,
Salisbury House, London Wall
London
EC2M 5PS

Fladgate LLP,
16 Great Queen Street,
London
WC2B 5DG

Solicitors to the Company as to Papua New Guinea Law

Niugini Legal Practice
Units 204, 205, 206
Level 2, Pacific View Apartments
Pruth Street
2 Mile Hill
National Capital District
Papua New Guinea

Solicitors to the Company as to Australian Mining Law

Resources Legal Pty. Ltd., 1A Rosemead Road, Hornsby, NSW, 2077, Australia

Registrars

Computershare Investor Services plc
Leven House, 10 Lochside Place,
Edinburgh, EH12 9DF
United Kingdom

Competent Person

CSA Global Pty Limited
3 Ord Street
West Perth
Australia WA 6005

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