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Rockfire Resources begins exploration at Copper Dome prospect

The exploration firm said soil and rock sampling, as well as structural and geological mapping, were being undertaken by field crews at the site

Copper element
Rockfire said the prospect was “vastly under-explored”

Rockfire Resources PLC (LON:ROCK) has started exploration at the Copper Dome prospect in Queensland.

The exploration firm, which has an option to acquire 100% of the prospect, said soil and rock sampling, as well as structural and geological mapping, were being undertaken by field crews at the site.

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Rockfire said the prospect was “vastly under-explored” and that mineralisation outcrops at the surface would provide “lower anticipated exploration costs” due to their cheaper near-surface exploration potential.

The company added that the results from the field program would help its decision-making around whether to acquire the prospect.

In mid-morning trading, Rockfire shares were steady at 0.8p.

Quick facts: Rockfire Resources PLC

Price: 1.75 GBX

LSE:ROCK
Market: LSE
Market Cap: £9.67 m
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