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Rockfire more than doubles in-situ copper resource at Copperhead project

Rockfire Resources PLC's (LON:ROCK) David Price tells Proactive London's Andrew Scott they've raised the grade estimate for the Copperhead project in Queensland, Australia.

The inclusion of molybdenum has increased the average copper equivalent grade to 0.35%, up from the 0.25% recorded after a second round of core sampling in 1988.

Using the original tonnage and the new copper equivalent grade of 0.35%, the amount of in-situ copper increases from 56,000 tonnes of copper to 122,500 tonnes of copper equivalent value.

Quick facts: Rockfire Resources PLC

Price: 0.7475 GBX

LSE:ROCK
Market: LSE
Market Cap: £6.22 m
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