Rockfire Resources (LSE:ROCK) — Update on the Molaoi zinc deposit in Greece

0:01 Good morning, ladies and gentlemen, and welcome to the ROCKFIRE RESOURCES PLC Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time via the Q and A tab It's just situated on the right hand corner of your screen. Please just simply type in your questions at any time and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, all questions submitted today will be reviewed with responses published on the Investor Meet company platform where it is appropriate to

0:32 do so. Before we begin, I would like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. And I'd now like to hand you over to CEO, David Price. Good morning, sir. Well, good morning, everyone, and thank you, Jake, and thank you for, Investor Meet company for listening to the ROCKFIRE story this morning. 09:00 on a Thursday morning in London. I do appreciate you being here and listening to me, and, I promise I'll I'll make it as quick as I can. We've got about 23 slides to get through. This presentation was put onto the website of ROCKFIRE this morning. So please feel free to have a look at this presentation at your leisure. I'll go through some of the slides in fair detail, and then I'll skip over a few of the other slides and particularly some of the slides where the story perhaps has been heard before.

1:25 And what I'll do is dwell on the new information so that people can be continue to follow the company's story. So I'll move through the presentation now, and you'll see here that the first slide is is just basically where we are. It's very important to know upfront straightaway where are we operating. We're operating in Australia and in Greece. So there are the projects that we have in Australia and Greece, and I've included the elements that we're exploring for and successfully discovering at each of these prospects. ROCKFIRE, over the last couple of years, has been able to successfully define new jalk resources in a number of elements.

2:13 You can see them listed there on the left of this slide, zinc, lead, silver, germanium, gold, copper, and molybdenum at the bottom. These are very, very critical minerals. All of them are very important for high technology. Also, many of them are very important for power generation, and that's quite a pertinent topic at the moment in in Europe, of course, with power. And Europe is is very much looking forward to having its own supply of raw materials for its energy needs in the future. ROCKFIRE hopes to be able to provide those once we get into production on a number of our projects. You can see the top four there, zinc, lead, silver, and germanium are the ones that were mentioned in Greece, and the gold, copper, and molybdenum are in our projects in Queensland in Australia.

3:05 You can see the various uses there for the zinc, the lead, and particularly there, the images on the right hand side, you've got batteries. Interestingly enough, germanium is used in reverse parking sensors of vehicles and also in autonomous driving, which is becoming more common throughout the world, autonomous vehicles, the sensors that are there are used in germanium is used in those. Gold, copper, and molybdenum, I think they're quite well known, the hydro opportunities for copper, wind, of course, and solar. So we're very much geared to providing Europe, particularly from the Moly project, with minerals that are required for future growth and high technology.

3:50 I think that's an important message for everybody to take with them today.

3:56 These are our resources. You can see there that on the left hand side are the total resources that ROCKFIRE has defined over the last two years. 210,000 tons of zinc, 39,000 tons of lead, a total of 6,100,000 ounces of silver in three deposits, 208,000 ounces of gold, 80,000 tons of copper, and 9,400 tons of molybdenum. You can see there in the middle of the slide where each of those are distributed. We have moly, of course, in Greece, plateau and copperhead in Queensland. You'll see on the right hand side, we are successful explorers. It's what we do very well. We will continue to explore our projects, and we'll continue to explore the JOK resources as we continue our exploration.

4:44 The aim is to expand on these over the next twelve months, and that's something we can look forward to that news flow as we drill out and continue to expand these resources. Importantly, each of these is 100% owned by ROCKFIRE. We work in attractive jurisdictions, being Australia and Europe, and we have a very experienced board of directors who are building value in the company.

5:12 Starting with Moly. Now the reason I've started with this one is that many of the slides and the new information is about Molay. So I thought I'd bring that to your attention sooner rather than at the end of the presentation. You can see there, as I mentioned, 100% owned by ROCKFIRE. There again, I've repeated the zinc, the lead, the silver, and the germanium that has been identified at Molay.

5:35 Greece is a great place to explore and to develop. 100% foreign ownership is achievable. We have a 100% foreign ownership. As, ROCKFIRE RESOURCES, we are able to own the project outright. The licenses are granted, which include the mining rights for a period of thirty years. Now mining is not foreign to Greece. Greece is very familiar with mining. They have a modern mining act. It's a proven mining act, and they know precisely what they're doing. As you can see there on the left hand side, Halas Gold, a Greek company, is developing the Skouris gold and copper project in Greece. On the right hand side, that image is of the underground at Stratoni, which importantly is a zinc silver lead mine, which is exactly what we have at Molay.

6:24 They're developing that underground. As you can see, they're very familiar with mining. This is not new to Greece, and Greece is is, as I say, a great place to operate.

6:37 This is the deposit as we look towards the west. So you can see in the gray here I'll just show you a an image of this one just in here. This this is the the surface here. So this is the surface. And looking towards the west, you see the north is over here on the right, south to the left. You can see there's the resource underneath the hill and underneath the valley. Now there's high grade zinc. Now these grades at the bottom here are zinc. They're not zinc equivalents. There's more than 10% zinc in the pink outline there. You can see the scale 500 meters on this image, but this has been drilled, and our JOK resource incorporates 1.5 kilometers of this style of zinc.

7:26 You can see a very interesting gap in here. There's a white gap between the surface and our resource, and that is a 40 meter gap. That 40 meter gap of course, the mineralization goes to the surface. You can actually crack the rocks and they have zinc in them, But we've deliberately left out that 40 meters because our intention is to mine underground only. That's very important to be able to to for environmental reasons, for social reasons. It's a great idea and a good strategy to be able to operate from underground only. As you can see in here, this is an an old portal and a decline down to 50 meters below surface. You can see it wiggling down through there. Was developed by the Greek government in 1988.

8:17 They got to the top of that resource there. And in 1988, they shut everything down, and they were getting, at the time, what were deemed to be an unsuccessful recoveries, if you like, of the root of the ore. So they stopped the operations, and nothing has happened since 1988 up until now. So we've now acquired the the license for Molay, and I will address that metallurgical issue later in the presentation. So bear with me on that because it is good news. And you'll see here that this is wide open to the north, It's wide open to the south, and it's wide open at depth. So this is just the start of a very, very big story. When you look to the north so this is now a cross section looking through to the to the north, and you'll see in the middle of the of the in in through here, there's our zinc load, and it's dipping down towards the east. The east is on the right hand side of your screen. You can see the scale over here, 200 meters depth.

9:27 Now the the examples that I've given here in red are actually drilled and included in our resource. We've deliberately included those ones and not the intersections in the black. Now you can see there are many, many more zinc intersections in the black there, and we haven't included them because we needed to be ourselves as ROCKFIRE, we needed to be comfortable that we understood the geology that was actually going to create our resource. If we had any doubt about the geology and the meaning of an intersection, we did not include it. The zinc is certainly there. There's no question the zinc is there. What we've been working on now in our mapping is to actually understand the geology better so that we can incorporate all of these additional intervals into our next jock upgrade.

10:18 So the next jock upgrade will be pretty exciting because we will bring all of these additional intersections into our resource, and we're looking forward to having quite a large expansion of that resource when we complete our next drilling phase.

10:35 Excellent infrastructure at Moly. You can see over here, there's somebody there for a scale on the left hand image, and you can see the portal site. The portal site here is is the concrete capping here. This is where they access the underground in 1988, and they went for a total of 700 meters down in in total length to 50 meters below surface. They kept this portal in 1988, and our intention is to look at the the viability of uncapping that and reaccessing the underground. So that's one thing we'll be looking at. You can see we now have a courtyard over here on the top right hand image. There's some of our staff. That's our Greek exploration manager, our Greek country manager, our administration manager. So everybody's there, and that's that's our courtyard. So we're gonna use that to to process our core. We'll also use that as an office and a field accommodation.

11:35 So that's that's their great infrastructure. Well maintained sealed roads to site down here in the bottom right. We've got great access to this. It's not remote at all. And one of the slides and later on, I'll show you. We also have very good access to the port nearby, which is great. So the infrastructure is brilliant. Now this is looking down as a plan view. This is looking from a space directly down onto the the level. You can see the outline of our license here. So in that light shaded blue is the outline of our license, and you can see here the red. The red is the outcropping Gaussian. Now Gaussian is basically the exposed part of an ore body, and you can see it at surface.

12:23 So it's a it's a great mapping exercise to follow this at surface, and we can follow that a total length there is seven kilometers. Now within that seven kilometers, you'll see down the bottom the blue drill resource. That's our one and a half kilometers of resource that I mentioned earlier, and that's where our 2,300,000 tons at 11% zinc equivalent occurs. That's 250,000 tons of zinc equivalent. It's a great start, and our plan is to drill out the remaining 5.5 kilometers. Now the risk associated with this, 5.5 kilometer exploration program is largely diminished because the Greek government has already drilled along this resource, along this strike, and they've got high grade zinc. You can see the examples that I've given there. Three meters at eight, three meters at six, seven at ten, three at 12. So they've drilled along this. They've hit high grade zinc, which basically largely decreases our risk in in our exploration drilling program coming up. So that's exciting to know that, and we're looking forward to starting that. And as I will mention later on as well, we already have our exploration permit in submitted to the government to start our drilling, and we're looking forward to starting that drilling.

13:43 As I mentioned earlier, the infrastructure is magnificent. We as you see there, discovered in nineteen sixties by Greek government. It has Greece has an abundant of very highly qualified, and experienced workforce, and many of the people that have qualified in geology in Greece, have moved overseas, gained an enormous amount of very valid experience, and are really willing to move back and wanting to work with our projects. So we've got access to some tremendous people and very, very experienced and highly educated people. Readily accessed by seal roads, as I mentioned, the mains electricity wires extend through the center of the license. The portal, as I mentioned, 700 meter decline, 9.3 kilometers to the coast. So we're very close to the coast, which is ideal for downstream markets and access to smelting facilities.

14:33 As I mentioned, we are planning underground access only, and that's a very important strategy for us and one that the the community and the government are both very much welcoming. Processing and plan is planned using very conventional flotation. We put out recently our flotation met test work, and I will comment on that further into the presentation. As in right now, here it is. Excellent metallurgical results. So this came out last week, I think, either last week or beginning no. It was last week. And you can see here, so far, the tests on the composite samples, they've been blended to what we term an industry standard. So an industry average is about 5.9% zinc, and I'll draw that in there for you, and 1.6% lead. So that was the average grade of what of the zinc and the lead that we actually put through this test work.

15:25 So we composited it our samples, which came from the original drill call, and we averaged a greatest not 5.9% zinc and 1.6% lead. Now the recoveries are quite spectacular from a single pass. So, effectively, what we do is that there are two types of concentrates. We have a zinc germanium concentrate, and we actually win the the the zinc and the germanium as a concentrate out of the rock in one process. And then we have a copper, gold, lead, and copper, gold, and silver as our second concentrate. So they're two separate tests, and the recovery of the zinc, 89%. And you'll see here the germanium, 117 grams per ton germanium. Now that's awesome.

16:14 Awesome grades. The recovery of the zinc, you'll see here 57%, zinc reporting to the concentrate. That's the actual grade of the zinc that reports in the concentrate. Now on most zinc projects around the world globally, you'll need probably around 50% saleable zinc concentrate. We've got 57 zinc, which is great. It basically means that we can produce a saleable concentrate of zinc from the moly deposit. If we then look at the second concentrate, which is the the the other silver, lead, germanium, copper, and gold, You can see here the grades of the silver in the concentrate, 856 grams per ton of silver. The lead is unbelievable. The lead's 63% lead, well above the 50% requirement to be able to form a concentrate. Germania, I mentioned, is was in the zinc concentrate.

17:08 Surprisingly, and I do say that deliberately, we ended up with 2.6 excuse me, 2.6% copper and half a gram gold, and that's great. We do have copper workings actually on our tenement to the northern part on our license. And what we might be seeing is that we've picked up a bit of this copper and a bit of the gold in the concentrate, and we may find that the copper improves as as we head north towards those old workings. So there might be a bit of a zonation going on. We we're not particularly sure about that at the moment, but it's something we will certainly learn about as we progress our our exploration of mine. So as I mentioned, well in excess of the 50% grade requirement for zinc and lead concentrates.

17:55 Our ROCKFIRE's consultants, BHM process, which are based in Perth, they expect these recovery figures may be conservative. Now the reason is that we did what they call a an open test flow. So it's the way that I try to analyze it is that if if you have a gold pan and you you're panning your gold and you've put some dirt into that and you're panning away, but your pan is anything running out of the pan is running back into the river. So you're effectively losing, potentially losing gold as you're panning. Now if you move your pan over a bucket and you're you're losing your material into a bucket, you can pick the bucket up, put it back into your pan, and win more of the metal. That's what we call a closed circuit.

18:45 And so all of the tests up until now have been an open circuit. So once we come to doing our test on a closed circuit, it means that we expect the recoveries of the metals to be better and better and better every time you put the material back through. So that's why they expect the recoveries will be better as we do more test work. Germanium. The discovery of Germanium was magnificent to have that as a credit to the zinc concentrate. I read a geological paper from about 2012 that suggested that germanium might be prospective at at. So, of course, the first thing I did in our first campaign is to test for germanium. And lo and behold, the rock samples we that we put into analysis came back with reasonable grade germanium, but the actual zinc concentrate has come back with fantastic grades of germanium. So a 117 grams per ton germanium, you'll see in the middle here that the the average global grade of germanium within zinc concentrates is anywhere between 50 and a 150 grams per ton germanium. So we're well and truly ins inside those parameters, and that's a a great credit. Now we won't actually concentrate out and separate out the germanium.

20:02 It's a very, very, very difficult thing to do. I've had chats with our metallurgists about that. And, effectively, that's done under extreme circumstances, and and we won't be doing that. What we will do is sell the zinc concentrate with germanium in the concentrate as a very valuable credit. So you can see at the bottom here, we're looking at the germanium metal price, and that's why it's it's so so valuable. Okay? So every every kilogram and and ton, you can see there's $2,300,000 added per ton of germanium. So that's a great credit to have there. Very valuable. You can see the uses of germanium mobile phones. It's everyday living objects that we need, electronics, computers.

20:48 We've got cameras steering as I mentioned earlier. And, of course, Germania is also used in military hardware. Now a lot of these phones, the electronics, the the computers, the weapons ciders, which are the night vision goggles, also the infrared night vision. It's actually the glass in many of these products that contains the germanium. So the glass in the computer screens, it's a glass in your mobile phone. It's the glass in the night vision goggles. So that's why it's so critical, and germanium is critical because of geological scarcity. There's not many g germanium occurrences worldwide, and we have a risk of supply shortage, on a global scale with increasing strong global demand. So it's a great metal to have, and we're very fortunate to, to have germanium there. We thought we'd, test for it, and that certainly has paid off. So that's a great element to have in there in our in our, processing.

21:46 An environmental study has been submitted to the government, so we need to put this in prior to any drilling programs, and we put in quite as an extensive drilling program to make sure we didn't have to go back and put more and more environmental studies in. So that's in with the government. We're waiting on the approval of that. We don't have a timing on that at the moment, so it's hard for me to to quote any times. And a couple of the things, as I mentioned there in bullet point three, the metallurgical studies are in progress. Now we do have another set of metallurgical studies underway, and then there's a higher grade feed. So as I mentioned, we put 5.9% zinc as our feed grade into the test. We've actually going to put a 1010% zinc feed grade in to see to see what happens. So that's underway. So we do have ongoing metallurgical test work.

22:33 Bullet point four there, you'll see the geologist and with mining engineer we've appointed. They're working out great. They're actually in Greece at the moment. They are Greeks, but they're in there with our exploration manager, Ed Fry from Australia. So he's doing geological mapping with them. They're taking soil samples. They're taking rock samples. They're meeting with all the locals, the landowners. They're doing a huge amount of work there. It's great to have these guys on board, highly, highly qualified guys and and very experienced guys, and and particularly on VMS deposits, which is one of those types. So that's really great to have those guys active with us, and we welcome them. An environmental baseline study will be initiated, and that's basically to to to monitor the existing state of the environment.

23:19 And that's something that as we move towards our feasibility studies, we feed the baseline studies into our environmental impact studies. We then talk about what the impacts would be from a mining operation. Our community advisory committee is fantastic. So they're already providing great feedback from the community. The feedback so far has been very welcoming. The landowners are great. They've all said that they, welcome us on their land, and, we are in the process of of of reaching out to these landowners throughout the entire seven kilometers of our license. So that's going really well. We're very pleased with that progress, and, that we're very fortunate that we're in a position that we've got great landowners and community. But, again, it's a strategy that we have worked very, very hard on on being truthful with them. Honesty goes an enormously long way. So, that's, that's our policy, and it's working very well.

24:13 Now moving back into Australia, I will rush through these reasonably quickly because many of you will have heard the story in Australia, and some of you may not have, and that's why I'm recapping for you. You can see there the uses of Lighthouse. You'll see on the map at the top there in Central Queensland. And as I mentioned earlier, all of our assets in Australia are 100% owned by ROCKFIRE. Plateau, the deposit. Now Lighthouse is the name of the tenement, and plateau is the is the deposit itself. That is a gold, silver prospect deposit, and this is what it looks like. So this is our Central Brexia, and that's 700 meters deep. There's 300 meters in and out of the page as you're looking at it there. And we have our Eastern Brexia, and, again, 200 meters deep.

25:03 Using a point two gram per ton cutoff, we end up with a total of 208,000 ounces of gold and one and a half million ounces of silver. If we only take the top 70 meters and we look at an open cut mine scenario to 70 meters, which is a reasonable depth, we end up with 1,200,000 tons at 1.2 oh, sorry. 1,400,000 tons at 1.2 grams gold. So that's 53,000 ounces of gold and 390,000 ounces of silver just in the top 70 meters. So that's a great little starter pit, and it's something that we will work on to expand, and we've already had rock samples done in the vicinity. And when I mean vicinity, probably within half a kilometer of plateau, and they're coming back with great targets already. So we've got additional near surface targets.

25:52 Our objective is to build up these near surface targets and build the near surface as big as we can. Copperhead, also in Central Queensland, copper, silver, molybdenum. We identified our first maiden resource last year. It's a porphyry copper system. It's open in all directions. These are some great intercepts here. You can see this is looking towards the north. The soil sampling anomaly is is draped over the topography in this image. So you can see it's quite mountainous, and there's the soil sample. That soil sampling anomaly extends for another three kilometers out towards the east out here. So another three kilometers out in this direction here, we've got we've got the source sampling continuing. So this is a very, very, very large deposit.

26:43 The grades, you can see here we've got the copper grades have been plotted on the drill holes. Every single drill hole return copper from top to bottom as you can see there. So this is tremendous outcome for us. This hole here was only sporadically sampled because this is an historical hole from 1972, and you can see they were still getting copper there. So this is wide open in all directions. You can see there the the actual, half a percent. So everything in here in pink is greater than half a percent copper equivalent. So there's an enormous amount. It's a great start. 400 meters deep in vertical extent and wide open, as I say. We've got 80,000 tons of copper there, 4,900 tons of molybdenum, and 1,100,000 ounces of silver. This is a great project.

27:35 It's a very big project and one that will potentially outgrow ROCKFIRE and something that we should keep in mind. So that's that's our copper resource in Australia. We also have a second one, another say porphyry copper called Copper Dome, and very close as you can see here in the map to in the top, copper, gold, silver. So this is the difference between copper dome and copper head. Copper dome is copper gold, whereas copper head is copper molybdenum. So we've also got the silver at copper dome. These have very, very large copper gold targets at depth. These are this is a helimag survey. You can see the Helimag we flew in a helicopter, the magnetic survey, and identified these strikingly large high magnetic targets at depth.

28:23 We've got reasonably low level copper gold at surface, and by that, you can see 27 meters of point 11% copper, 53 meters of point 1% copper, 88 meters of point two, seventy five at point one one five. So all of these are still hitting copper and gold, and we've got these giant targets underneath. So we're keen to look at this. It's 500 meters to the top of these targets, and it's something that we will do. We will be looking to drill these, and, we're pretty excited by what might be down there. And as a final slide, you can see here that we are building towards a sustainable and high-tech future. It's a very deliberate strategy. It is a very strong build of our resources.

29:09 You can see the the zinc, lead, silver on the left hand side with commercial grades and infrastructure in Malay in Greece. The gold and silver, we're exploring in proven gold areas. There are three operating gold mines within 50 kilometers of of plateau. And copper moly, we have two of these monsters in Queensland with a jock already defined on one of them and looking forward to to drilling and defining resources on the second one. So that's the presentation. I hope you enjoyed that presentation, and I'll I'll look to answer some of the questions that have come through. And I I thank you for listening. David, if I may just jump back in there. Thank you very much indeed for your presentation this morning. Ladies and gentlemen, please do continue to submit your questions just by using the q and a tab that's situated on the right hand corner of your screen. But just while David takes a few moments to review those questions that were submitted already, I would like to remind you that a recording of this presentation along with a copy of the slides and the published q and a can be accessed via your investor dashboard.

30:12 David, as you can see, we have received a number of pre submitted questions as well as a number of questions that have been submitted throughout today's presentation. So thank you to all of those on the call for taking the time to submit their questions. And, David, if I could please just hand back to you to run through the q and a tab and where appropriate to do so, if you could please just read out the questions and give your response, and then I'll pick up from you at the end. Thank you. Sure. There's a number of questions about a placement, and, the requirement for funding, and I would like to address that. What I basically like to say is that the ROCKFIRE board is looking at a number of opportunities, to be able to fund our program and also, future programs. And, we I don't wanna speak too much on on the funding because, the ROCKFIRE board actually looks at many, many different types of funding.

31:00 And, there's been no decision to have a fundraise at this point, and, I think that that's probably probably about all I wanna say on that at the moment. So at the moment, we've got funds in the bank still, and we continue our our exploration, and we're we're on target for for achieving what we hope to achieve. And I think that's probably all I'd like to say on that. The next fund or the next question, my eye looks great. What can we expect as far as monetizing the asset in the time frames to development? So, look, again, the ROCKFIRE board will consider any number of avenues to monetize the asset. The asset is a very valuable project in in Mollai with the zinc, the lead, the silver, the germanium, and and the copper and gold potential at the project.

31:50 It also has a long way to grow. Now we've we've we've drilled one and a half kilometers over five kilometer extension, so we've got another five kilometers ahead of us. So we're keen to drill that out, and that's what we've put our submission to the government to do, and that's what we intend to do. So, look, as far as monetizing it is concerned, there are a number of avenues that how we can monetize this. Either we get into our own production and we perform, the concentration that we've done tests for, and we actually form a concentrate. Now a concentration plant is not as expensive as, say, a cyanidation plant. It can be built reasonably cheaply, And, and and I think that that's a great outcome if we can achieve production. I think that's probably the number one production. Now if the project gets too big and we actually find that the five kilometers is mineralized and it's all mineralized, this will be, you know, this will end up a world class deposit if it ends up all mineralized.

32:48 So that's something that's ahead of us. And and then, of course, the project outgrows the company. Now that's very common for the project to outgrow the company. Will that happen at Mollai? Your guess is as good as mine at the moment, but, certainly, we will we are always open to monetizing this for our shareholders, making sure that the work that we do ends up in handsome returns to our shareholders. So so that's I think I don't understand. There's one question there that I'm not sure what will be the driving the share price in the view as it doesn't reflect the actually, you're right. The share price does not review reflect the value of the assets. I fully agree with that. What will be the driving force? Well, of course, we'll be we'll be drilling results, and that's something that we're keen to get into in Greece and also at plateau. And as I mentioned earlier, we're keen to drill the near surface resources out at plateau that will expand that open cut potential at plateau and, of course, the five kilometers at. So this will be driving the share price as we go forward. The share price is is abysmal, and I do appreciate that.

33:57 It does not reflect the value of the assets. The assets, if you look at the actual resources that we have identified as JORC resources, the value in the company is there. It's not reflected in the share price. Fully agree. And and that's that's the end of the question. So I I thank you for listening and look forward to bringing you more information about ROCKFIRE as we develop. I will continue these these investor make company presentations. They're they're really good. I think it's a great opportunity to actually talk to people who are genuinely interested, and I value your questions. And I look forward to bringing you up to date with ROCKFIRE yet again very, very soon. Thank you. David, that's great. And thank you very much indeed for taking the time to address all of those questions that came in from investors this morning. And, of course, if there are any further questions that are submitted today, we'll make these available to you immediately after the presentation has ended for you to review. And then we'll publish those responses where it's appropriate to do so on the investor meet company platform.

34:57 David, I was just going to ask you for those closing comments, which I think you've just well delivered. And I know investor feedback is particularly important to you, so what will do now is I'll redirect those on the call to provide you with their thoughts and expectations. So can I please ask investors not to close this session as you'll now be automatically redirected for the opportunity to provide your feedback in order that the management team can better understand your views and expectations? This will only take a few moments to complete, but I'm sure will be greatly valued by the company. On behalf of the management team of ROCKFIRE RESOURCES PLC, we would like to thank you for attending today's presentation. That now concludes today's session. So good morning to you all.