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.