Rockfire Resources confirms exit from Papua New Guinea (ROCK)

By Richard Mason

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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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Rockfire Resources

Author: Richard Mason

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.