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Rockfire Resources confirms exit from Papua New Guinea (ROCK)

Tuesday saw Rockfire Resources (LSE:ROCK) confirm its exit from Papua New Guinea, leading shares in the Australia-focused business to inch down 3.33p to 0.65p.

The business’s move came after Papua New Guinea’s Minister for Mining decided not to renew its Nakru licence, which has been under review since September 2017. In reaching this conclusion, the minister noted that Rockfire had held the tenement since 2012 but had not identified any resources.

This article was originally published on our sister site MiningMaven.com, to read it in full please click here…

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  • Daniel Flynn does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.
  • Daniel Flynn has not been paid to produce this piece by the company or companies mentioned above.
  • Dynamic Investor Relations Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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