Rockfire Resources PLC (LON:ROCK)

Rockfire Resources PLC (LON:ROCK)

Share Price
0.65 p
-0.0225 (-3.33 %)
Market Cap
£2.84 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...

Market: LSE:ROCK
52-week High/Low: 1.950p / 0.575p
Sector: Mining
Market Cap: £2.84 m
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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

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.

Patrick Elliott
Non-executive Director

Pat Elliott is an experienced resources and industrial company director. In a career spanning over 45 years, he has held senior executive positions with Consolidated Gold Fields (Australia) Limited and Morgan Grenfell Australia Limited. Pat has an MBA in Mineral Economics from Macquarie University, and a B Comm from the University of New South Wales. He has extensive management experience in a range of fields including manufacturing, mineral exploration and oil and gas exploration.Pat is currently Executive Chairman of Argonaut Resources NL (an ASX-listed copper explorer), Cap-XX Limited and Tamboran Resources Ltd (an unlisted Australian oil and gas explorer). He is also a Non-Executive Director of Ioneer Limited (formerly Global Geoscience, an ASX-listed lithium/boron developer of the Rhyolite Ridge project in Nevada, USA) and Kirrama Resources Limited (an unlisted explorer and developer of chromite and manganese projects in Madagascar).

Nicholas Walley
Non-executive Director

Mr Walley has a business background spanning multiple industries including agriculture, property, construction, plant hire, food and beverage packaging, leisure and charitable work. Nicholas has critical skills in logistics, infrastructure, organisational management and sales.

Majority Shareholders

Nicholas Walley 11.91%
Michael Somerset-Leeke 11.84%
Paul & Michelle Johnson (Value Generation) 4.84%
Salida Capital (Europe) Limited 3.44%
David W Price * 3.15%
Edward Fry 3.01%
South Pacific Mining Holdings Ltd 2.63%

* Directors and Management of ROCK


Registered office:

27/28 Eastcastle Street, London W1W 8DH

email: [email protected]

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

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

SI Capital Ltd
46 Bridge Street
Godalming, Surrey GU& 1HL
United Kingdon
Nick Emerson
+44 1483 413 500

Salisbury House, London Wall, London EC2M 5PS

Company Secretary
Stephen Ronaldson
Salisbury House, London Wall, London EC2M 5PS

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

Solicitors to the Company as to English law
Druces LLP
Salisbury House, London Wall,
London, EC2M 5PS
+44 20 7638 9271

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

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