ROCK

Rockfire Resources PLC

Basic Resources First-pass screen £12m

230/1000 Overall fit

AI beneficiary 35% 20

Operating leverage 25% 20

Valuation 25% 30

Downside protection 15% 25

First-pass take

Exploration-stage mineral explorer with no AI exposure and no current operating leverage; Molaoi project (15Mt @ 7.26% Zn, top 20 global deposit) shows strong results but faces material going concern uncertainty and continuous funding dependence.

Flags

loss-makinggoing-concernno-valuation-datapre-revenueexploration-stagemicro-capfunding-dependent