REG - Rome Resources PLC - 148m Copper Intersect at Mont Agoma

Rome ResourcesAnnouncement

04/03/2025 07:45

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RNS Number : 2577Z  Rome Resources PLC  04 March 2025

This announcement contains inside information for the purposes of Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.

 

04 March 2025

Rome Resources Plc

("Rome" or the "Company")

148m Copper Intersect Expands the Large-Scale Polymetallic Potential at Mont
Agoma

 

Rome Resources Plc (AIM: RMR), the DRC-focused tin and base metals explorer,
is pleased to announce assay results from drill hole MADD018 at its Mont Agoma
prospect, confirming a 62.25m cumulative higher-grade zone at 0.61% Cu within
a broader 148m intercept averaging 0.35% Cu.

Recent drilling has identified visible tin across a 40m interval in hole
MADD024 and an associated visible copper zone totalling 179m. MADD024 is
approximately 70m beneath the earlier hole MADD012, which reported a c40m wide
zone of tin with zones of tin grading at between 0.1-0.3% tin.

The Company awaits the assay results for MADD024 from the lab, however, the
visuals (see image below) and Niton XRF readings suggest that tin grade is
increasing with depth, demonstrating proof of the Company's suggested
geological model and supports Rome's strategy of drilling deeper to assess the
tin mineralisation.

Previous drilling at Mont Agoma has returned significant results including 41m
at 3.52% Cu, 90m at 4.17% Zn and 25.4m at 13.97% Zn and 14.15m at 57.74ppm
g/t. The equivalent copper grades for the zinc intercepts would equate to 90m
at 1.2% Cu and 25.4m at 4.1% Cu.

The scale and continuity of the tin, copper, zinc and silver mineralisation
identified within the broad 200m wide mineralised corridor is aligned with the
Company's board of directors' (the "Board" or the "Directors") view that Mont
Agoma hosts a robust polymetallic mineralised system in which copper and zinc
dominate the shallow, near surface levels and that tin mineralisation
identified within broad zones increases at depth.

With mineralisation remaining open along strike and at depth, these intercepts
provide a strong foundation for continued deeper drilling to define the full
extent of this growing discovery.

The Company has also commenced metallurgical discussions with industry
specialists to seek to ensure maximum recoveries of all commodities identified
at Mont Agoma and Kalayi.

Paul Barrett, Chief Executive Officer of Rome Resources Plc, commented:

"The confirmation of 148m of copper mineralisation at Mont Agoma is a major
milestone in defining the potential scale of this system. These results
demonstrate that Mont Agoma hosts a large-scale, high-value
copper-tin-zin-silver system, where copper and zinc dominate at shallower near
surface levels and tin grades strengthen at depth - exactly the zonation model
we are targeting.

"Importantly, mineralisation remains open along strike and at depth, with
extensions of 1,000m northward providing further potential upside for scale.
Whilst it is still early days and we need to receive the assays back from the
lab for MAD0024, early indications seem to very encouraging in proving up our
understanding of the geological model.

"With all four drill rigs now focused at Mont Agoma, we are accelerating
exploration efforts, next steps include exploring deeper to assess increasing
tin grades and ongoing strike extension drilling continuing strike extension
drilling. This expanded drill programme will drive continuous results,
delivering a steady stream of newsflow as we work towards defining a major
copper-tin system. As we advance, we are making excellent progress towards a
maiden inferred mineral resource estimate."

Figure 1: Drill core from MADD024 showing Cassiterite (tin)- brown colour
(between yellow chalk markers) and Chalcopyrite (copper) - golden colour

 

Key Highlights from MADD018 (shown in Table 1):

·      Significant Copper Zone: 148m @ 0.35% Cu from 73.6m, including:

o  5m at 0.84% Cu from 79.0m

o  3.25m at 0.64% Cu from 97.8m

o  10.5m at 0.56% Cu from 109.5m

o  6m at 0.76% Cu from 129m

o  9.75m at 0.68% Cu from 172m

o  7m at 0.69% Cu from 185m

o  17.25m at 0.43% Cu from 199m

o  3.5m at 0.65% Cu from 234.5m

·      Zinc Mineralisation:

o  13m @ 1.20% Zn

o  7.17m @ 1.06% Zn

o  14.0m @ 1.40% Zn

 

Mont Agoma Advancing as a Large-Scale Copper-Tin-Zinc-Silver System

·      High grade polymetallic mineralisation defined over 500m of
geological strike length drilled to date - remains open for more than 1km to
the northwest and is open at depth and to the southeast.

·      High grade copper and zinc mineralisation dominant over 200m
width down to depths exceeding 200m below surface - considered to have
significant open pit resource potential.

·      Copper dominant to the northwest and zinc dominant to the
southeast of current drilling - correlates with a 2,000m copper in soil
anomaly which is open for a further 1,000m to the north and a zinc anomaly
which continues for 1,000m to the south of current drilling.

·      Tin mineralisation is strengthening at depth, reinforcing the
zonation model in which high-grade tin is expected at depth.

·      Cassiterite identified within a 40m interval in the most recent
drill hole, MADD024 - minor anomalous tin was reported at a higher level in
MADD018 providing strong evidence of increasing tin potential within the
system at depth.

High grade silver reported throughout - silver associated with zones reporting
tin and copper mineralisation

·      Detailed structural logging on the drill core completed -
mineralisation within a fold structure which plunges to the north and south at
less than 30 degrees from the centre of the area of drilling.

 

Advancing Mont Agoma as a Major Tin-Copper-Zinc-Silver System

The Board believes that MADD018 confirms the presence of a substantial
copper-rich sulphide system within a 200m-wide mineralised corridor at Mont
Agoma. This aligns with the characteristics of granite-hosted tin and base
metal deposits, where copper and zinc dominate at upper levels while tin
grades strengthen at depth-considered to be a key marker for targeting
higher-value tin mineralisation.

The open-pittable system is demonstrating increasing scale, with grades and
widths improving in a northwest direction, reinforcing its potential to evolve
into a significant copper play.

The presence of high-grade zinc mineralisation over the entire 500m drilled
strike suggests potential for an emerging high-grade zinc domain,
particularly toward the south.

All significant copper, zinc and silver results (previous and current) are
summarised in Table 2 and the copper and zinc in soil anomalies are shown in
Figures 2 and 3. The diagrams show a robust copper anomaly which continues to
the north while the zinc anomaly continues to the south. Drilling has
confirmed an increase in both commodities to the northwest and southeast.
Given an equivalent grade of c3% zinc to c1% copper in conjunction with tin
with a potential grade increase is shown in the deeper holes, the prospect has
the potential to develop into a major polymetallic play.

 

 

Figure 2: Historical and current drilling results on the Copper in Soil
Anomaly

Figure 3: Historical and current drilling results on the Zinc in Soil Anomaly

Further drilling is required to understand the full extent of the tin
mineralisation which the Board believes is clearly increasing at depth.
Generally, the tin has been observed within 3 discrete zones within a broader
c40m wide zone throughout the area of drilling as observed. More recent
drilling has identified visible tin across a 40m interval in hole MADD024 and
an associated 179m visible copper zone.  MADD024 is approximately 70m beneath
the earlier hole MADD012, which reported a c40m wide zone of tin with zones of
tin grading at between 0.1-0.3% tin and further supports Rome's strategy of
drilling deeper to assess the tin mineralisation.

With tin prices exceeding $30,000 per ton, the growing presence of tin within
the system is considered to significantly enhances the project's economic
appeal.

The Board considers that these results continue to validate Rome's exploration
strategy, positioning Mont Agoma as a potential large-scale tin and base
metals deposit within the prolific Bisie North region.

 

Next Steps & Exploration Focus:

·      Deeper drilling to test depth extensions, targeting increasing
tin grades and copper potential at deeper levels.

·      Follow-up assays pending from Kalayi, where Rome is advancing
towards defining a maiden inferred mineral resource estimate.

·      Ongoing strike extension drilling to further test continuity of
the high-grade copper-tin-zinc-silver system.

·      Commence metallurgical studies to ensure maximum recoveries of
all commodities identified at Mont Agoma and Kalayi.

 

Operations Update:

Operations remain unaffected by the ongoing unrest near Goma, with Rome
proactively managing logistics to ensure continuity. All four drill rigs are
mobilised at Mont Agoma as part of an expanded drilling campaign at Bisie
North, targeting deeper mineralisation and advancing towards a maiden inferred
mineral resource estimate.

The Company remains focused on systematically testing the large-scale
copper-tin system, refining the geological model, and unlocking further
potential at depth.

Rome will provide further updates as additional assay results are received.

 

 

 

 

 

 

 

Table 1: Average grades of mineralisation for Significant Intercepts and
depths of zones tested at Mont Agoma (0.5% cut-off grade for Cu and Zn, 10g/t
for Ag; 3m internal dilution)

 BHID     From    To      Width  Sn%   Cu%   Ag (ppm)  Zn%   Pb%
 MADD018  32,00   33,00   1,00                               0,50
          70,45   71,00   0,55   0,10
          79,00   84,00   5,00         0,84
          86,00   87,00   1,00   0,20
          97,75   101,00  3,25         0,64
          97,75   98,20   0,45               10,60
          109,50  120,00  10,50        0,56
          109,50  122,00  12,50              14,70
          110,00  123,00  13,00                        1,20
          110,00  110,40  0,40   0,15                        1,67
          112,60  113,00  0,40   0,10
          115,55  116,00  0,45   0,16
          116,00  119,15  3,15                               1,02
          129,00  135,00  6,00         0,76
          130,58  137,75  7,17               20,57     1,06
          130,58  134,60  4,02                               0,50
          133,10  133,60  0,50   0,45
          137,35  137,75  0,40                               0,58
          138,30  139,00  0,70   0,16
          172,00  181,75  9,75         0,68
          185,00  193,00  8,00         0,60
          199,00  216,25  17,25        0,43
          230,00  237,00  7,00               13,15
          231,00  245,00  14,00                        1,40
          234,50  238,00  3,50         0,65
          236,50  237,00  0,50                               0,51

 

Table 2: Significant Copper, Silver and Zinc Intercepts at Mont Agoma (0.5%
cut-off grade for Cu and Zn, 10g/t for Ag; all intercepts >5m; 3m internal
dilution)

 BHID      From    To      Width  Cu%   Ag (ppm)  Zn%
 MADD001   76,90   158,50  81,60                  2,68
           163,00  219,00  56,00                  1,67
 MADD002   77,50   167,50  90,00                  4,17
           172,00  238,00  66,00                  2,31
 MADD003   59,00   67,00   8,00   0,73
           82,00   87,65   5,65   1,24            1,69
           93,30   101,50  8,20   1,89
           95,00   101,50  6,50                   1,03
 MADD004A  76,00   92,00   16,00  1,37
           133,00  138,00  5,00   1,37
 MADD005   65,65   71,00   5,35   1,73
           94,50   104,25  9,75   2,85            1,66
           167,00  174,00  7,00                   3,32
           179,50  190,00  10,50                  2,59
           196,50  203,00  6,50                   2,94
           212,00  218,00  6,00                   1,20
           226,00  231,00  5,00                   5,56
           235,00  256,00  21,00                  2,93
 MADD007   148,50  167,00  18,50  1,50
           150,00  183,00  33,00                  9,20
 MADD008   34,55   43,00   8,45   1,09
           58,00   87,00   29,00                  0,78
           104,10  136,50  32,40                  3,05
           140,00  146,00  6,00                   1,40
           154,35  181,50  27,15                  6,25
 MADD009   107,80  137,00  29,20  0,49
 MADD010A  75,00   80,00   5,00   5,78
           76,00   125,00  49,00                  3,76
           139,00  180,00  41,00  3,52
           143,85  158,00  14,15        57,74
           150,00  162,00  12,00                  1,47
 MADD011   95,00   103,00  8,00   0,58
           96,00   105,00  9,00                   2,64
           111,00  139,00  28,00                  1,04
           113,00  139,00  26,00  1,26
 MADD012   50,85   63,00   12,15  2,06
           86,00   107,00  21,00                  1,32
           98,00   108,00  10,00  1,43
           112,00  121,50  9,50                   0,57
           135,00  146,00  11,00                  1,69
           135,00  142,15  7,15   1,68
 MADD014   81,00   89,50   8,50   6,70
           82,50   95,00   12,50                  3,40
           115,00  130,00  15,00  2,72
           115,00  124,00  9,00         44,61
           118,00  133,00  15,00                  1,60
           150,00  161,00  11,00  0,99
 MADD015A  110,00  162,00  52,00                  5,14
           167,00  192,00  25,00  1,96
           186,00  194,25  8,25                   0,97
 MADD016A  92,00   123,10  31,10                  4,02
           212,40  219,55  7,15   1,32
 MADD017   110,10  135,50  25,40                  13,97
           149,05  160,50  11,45                  3,90
 MADD018   79,00   84,00   5,00   0,84
           109,50  122,00  12,50        14,70
           109,50  120,00  10,50  0,56
           110,00  123,00  13,00                  1,20
           129,00  135,00  6,00   0,76
           130,58  137,75  7,17         20,57     1,06
           172,00  181,75  9,75   0,68
           185,00  193,00  8,00   0,60
           199,00  216,25  17,25  0,43
           230,00  237,00  7,00         13,15
           231,00  245,00  14,00                  1,40

 

**ENDS**

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Qualified Person Statement

Dr Deon Vermaakt is a consultant of Rome Resources plc, a qualified geologist
and a registered Professional Natural Scientist (Geological Science) with the
South African Council for Natural Scientific Professions (SACNASP Reg. No.
400074/03). Dr Vermaakt is a qualified person (QP) under NI 43-101 and as
defined by the AIM Note for Mining, Oil and Gas Companies and has reviewed and
approved the scientific and technical information contained in this news
release.

Dr Vermaakt is satisfied that the results returned for the QAQC samples for
hole MADD018 which were inserted at regular intervals throughout the samples
and reported grades which were well within acceptable ranges as per industry
standard.

The two sample batches JB25028322 and JB25028356 consisted of 321 samples, of
these 32 were QAQC samples. Seven duplicates were inserted, 18 CRM's and 7
Blank samples were inserted, all returned acceptable results.

The 9 Cu and 6 Zn CRM's returned acceptable results.

Furthermore, Dr Vermaakt reviews all the sampling procedures on an on-going
basis. The handheld Niton XRF is frequently checked and calibrated to ensure
accurate analysis and measurements.

 Glossary

 Ag:         Silver
 Cu:         Copper
 g/t:        grams per tonne (Metric)
 Km:         Kilometres (Metric)
 M:          Metres (Metric)
 Niton XRF:  A portable x-ray fluorescence analyser
 Pb:         Lead
 Ppm:        Parts per million (metric)
 Sn:         Tin
 Zn          Zinc

 

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