Rockfire Resources Ord 0.1p (ROCK) Ordinary 0.1p
Rockfire Resources PLC, formerly Papua Mining PLC, is engaged in exploration for gold and copper resources in Papua New Guinea (PNG). The Company holds approximately six exploration licenses with a total area of approximately 1,800 square kilometers in the central part of New Britain Island. Its operations include Mt Visi target and Tripela Target. The New Britain licenses cover an area, which straddles the Kulu-Fulleborn Trend, a northwest-southeast (NW-SE) trending belt of mainly intermediate volcanic rocks and associated, sub-volcanic intrusives, which host various porphyry copper mineralization targets, particularly those at Simuku, Plesyumi and Nakru. The main contiguous block of licenses held and under application covers an irregular elongated shape between Kimbe, the capital of the West New Britain province, on the north coast, to Fulleborn on the south coast. Kimbe has a deep water port that can be used to bring in vehicles and drilling equipment.
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.