Molaoi Drilling Update

• The third drill hole, (HMO-010) has completed successfully at 275.80m depth.
• Multiple mineralised intervals have been intersected in line with our expectations from resource modelling, with peak pXRF values of 36.55% Zn, 325ppm Ag, 5.1% Pb and 1.3% Cu.
• Between 97.40m and 97.70m depth (0.3m), pXRF readings average 8.25% Zn, with peak values of 13.86% Zn, 1.15% Pb and 76.67ppm Ag.
• From 198.50m to 200.70m (2.2m), a zone of mineralisation detected by pXRF readings averages 2.0% Zn and 1.80% Pb. This zone has readings peaking at 3.94% Zn and 5.1% Pb.
• The same zone from 198.50m depth has returned very strong individual pXRF readings for silver (325ppm Ag) and copper (1.3% Cu).
• Molaoi hosts 19.1 million ounces of silver and copper is known to be throughout the mineralisation. Up to 2% Cu reports to the silver/lead flotation concentrate.
• Another zone between 238.80m and 239.15m (0.39m) averages 9.07% Zn, 3.2% Pb and 19g/t Ag. A peak reading of 14.8% Zn has been recorded in this interval.
• Finally, from 258.65m to 260.00m (1.35m), a peak pXRF value of 36.55% Zn is within an average interval of 13.82% Zn.
• All pXRF readings are considered preliminary and all the intervals identified will be analysed accurately at ALS Laboratories in Ireland.
• The pXRF equipment does not measure germanium values, but germanium will be analysed at the laboratory.
• At the completion of this current drilling campaign, it is expected that Molaoi will host the only defined Inferred Resource of germanium in Europe and one of only two quoted germanium resources globally.

David Price, Chief Executive Officer of Rockfire, commented:

"Our drilling program continues well, and our third drill hole has successfully intersected multiple lodes predicted by our mineralisation modelling. The portable XRF readings throughout the hole continue to return high values, all of which will be confirmed by full and accurate analysis at the laboratory."

"Hole HMO-011 has commenced and is currently in progress. The Christmas period is rapidly approaching, and the drill team will shortly break for the Christmas/New Year holiday. There will be a pause in drilling from the 20th of December, with drilling expected to resume on the 12th of January. A second drill rig is expected to be in operation sometime during January 2026."

"The zinc resource at Molaoi is 2.2km long and drilling of the next 27 holes will continue in the new year. Our objective is to increase the zinc/silver/lead resource confidence from Inferred to Indicated and drilling is expected to continue throughout the first half of 2026."

"We will continue to update the market with analytical results from the laboratory in the interim."