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Rome ResourcesAnnouncement

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RNS Number : 4764H  Rome Resources PLC  09 June 2026

9 June 2026

 

 

Rome Resources plc

("Rome Resources" or the "Company")

Update in relation to Canadian tin and critical metals exploration

 

Proposed 2026 field programme at New Brunswick Tin-Tungsten-Indium Project

 

 

Rome Resources plc (AIM: RMR), the DRC-focused tin and copper explorer, is
pleased to provide an update on the proposed 2026 field programme at the New
Brunswick tin-tungsten-indium project in Eastern Canada.

 

As announced by the Company on 10 March 2026, the Company entered into an
option agreement (the "Option") to acquire working interests in early-stage
exploration licences across 109 km(2) of mining claims in the Canadian
Province of New Brunswick, close to the Mount Pleasant deposit, hosting the
Three Lakes and Schoullar Mountain Projects (the "Projects"). It was further
noted in the announcement that during the Option's period Rome Resources shall
act as the operator of the licences connected to the Projects (the "Licences")
and be responsible, inter alia, for carrying out exploration on the Licences.

 

It is expected that the 2026 field programme will commence this week. As
operator, Rome Resources expects to incur a maximum of CA$150k in costs in
relation to the 2026 field programme, following which it will assess its
position regarding the exercise of the Option.

 

Highlights

 

·    2026 field programme commencing across three priority target areas in
New Brunswick

·    Over 500 samples planned from surface and trench sampling

·  Land package subject to the Option includes areas adjacent to the
historic Mount Pleasant Tungsten Mine, a past-producing tungsten operation

·    Field programme targets tin, tungsten and indium mineralisation in a
highly prospective North American critical minerals district

 

Project overview

 

The Late Devonian Granite play of southwestern New Brunswick is a
tin-tungsten-molybdenum-indium system with pervasive greisenisation in the
later stages of intrusion.  Substantial showings of the target minerals have
been identified across the district.

 

While the district remains largely underexplored by modern standards, it
includes the historic Mount Pleasant Tungsten Mine and numerous historical tin
and tungsten workings.

 

The Company's decision to explore in New Brunswick reflects both the
prospectivity of the district and its position within a stable North American
mining jurisdiction. The region hosts extensive granite-related
mineralisation, including critical minerals such as tin, tungsten and indium,
commodities which continue to attract increasing strategic attention globally.

 

2026 field programme

 

The 2026 programme of fieldwork will focus on assessing the potential for
exploration drilling across several tin and tungsten showings in three key
areas of the Devonian granite play of southwestern New Brunswick (Figure 1).

 

The programme is expected to include over 500 samples which are likely to be
taken for assays in a mixture of surface and trench sampling across the three
main target areas.

 

Figure 1:  Project areas subject to the Option

Key target areas

 

1.   Schoullar Mountain

Located a few kilometres east of the historic Mount Pleasant Tungsten Mine and
in the vicinity of an undeveloped tin zone, this target lies within the same
broader mineralised system. The programme in this area will focus on sampling
along four historical IP profiles, including trenching in two areas where the
IP chargeability is interpreted to be close to surface. IP chargeability is a
commonly used technique to detect sulphide and other metallic ore
constituents.

 

2.   Square Lake

Situated on the eastern greisenised margin of the Mount Douglas granite, this
area will be sampled in and around the vicinity of several groups of
historical workings for tin and tungsten.

 

3.   Victoria Lake

(An expanded and re-named Three Lakes Project referred to in the Company's
10(th) March 2026 announcement).

 

This area comprises a large area of claims along the youngest greisenised
phase of the Mount Douglas granite, where multiple showings of tin and
tungsten have been identified.  Grades of up to 1.4% tin have been identified
in surface sampling.

 

The proposed work programme will combine surface sampling in the greisen along
with targeted trenching in areas with near-surface tin mineralisation.

 

Provincial Support

 

In line with New Brunswick's stated policy of supporting mineral exploration,
as operator, Rome Resources has been awarded an exploration grant covering a
portion of its 2026 Field Programme expenditures.

 

 The board of directors of Rome Resources (the "Board") are highly
appreciative of this financial support, which underscores the Province's
commitment to fostering mineral exploration.

 

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

"The Mount Douglas granite system hosts one of the most prospective
tin-tungsten-indium districts in eastern Canada, including the historic Mount
Pleasant Tungsten Mine. The potential for tin, tungsten and indium resources
in the Mount Douglas and associated granite systems potentially represents a
significant opportunity for the Company and, with tungsten now firmly
established as a strategically important critical mineral, we are delighted to
be advancing the first field programme as operator across the project area.

 

The enthusiasm shown by the Province of New Brunswick for developing its
resources demonstrates that we are pushing on an open door, and we look
forward to potentially unlocking the potential of this highly prospective
region, subject to the exercise of the Option.

 

The team continues to work towards an updated Mineral Resource Estimate for
our Bisie North Project and will update the market on this along with the
ongoing geophysical survey operations in due course."

 

For further information, please contact:

 

 Investor questions on this announcement                          https://romeresources.com/link/e9Mj2e (https://romeresources.com/link/e9Mj2e)

 We encourage all investors to share questions

 on this announcement via our investor hub

 Rome Resources Plc                                               Tel. +44 (0)20 3143 6748

 Paul Barrett, Chief Executive Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)     Tel. +44 (0)20 3328 5656

 John Depasquale / Vivek Bhardwaj (Corporate Finance)

 Kelly Gardiner / Lauren Wright (Sales & Corporate Broking)

 OAK Securities (Joint Broker)                                    Tel. +44 (0)20 3973 3678

 Jerry Keen, Head of Corporate Broking

 Henry Clarke, Head of Sales

 Camarco (Financial PR)                                             Tel. +44 (0)20 3757 4980

 Sam Morris / Tomisin Ibikunle

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Qualified Person Statement

 

Dr. Paul Armitage is a consultant of Rome Resources plc, a qualified
geologist, a Fellow of the London Geological Society and a Member of
the Institute of Materials, Minerals and Mining. Dr. Armitage is a qualified
person (QP) under NI 43-101 and as defined by the AIM Note for Mining, Oil and
Gas Companies for the purposes of this announcement and has reviewed and
approved the scientific and technical information contained in this news
release.

 

 

 

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