For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250609:nRSI9686La&default-theme=true
RNS Number : 9686L Rome Resources PLC 09 June 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.
9 June 2025
Rome Resources PLC
("Rome" or the "Company")
Discovery of New Tin Zone at Mont Agoma
Rome Resources Plc (AIM: RMR), the DRC-focused tin and base metals explorer,
is pleased to announce the discovery of a new tin zone on the eastern flank of
the Mont Agoma prospect at its flagship Bisie North project in North Kivu
Province, eastern DRC.
Highlights
· New tin zone intersected in hole MADD030: 40m interval in shallow
weathered sequence.
· XRF on-site confirms significant tin mineralisation; assays pending.
· Sits outside existing soil anomaly and drilled area, suggesting a
possible new system or fault-generated repetition.
· Potential for significant upside expansion along the eastern flank
of Mont Agoma.
· Three rigs active; four holes drilled (737m) since 13 May, all
encountering broad visual mineralisation.
· Maiden Resource Estimate (MRE) work underway.
Further details
Drill hole MADD030, located northeast of known mineralisation, intercepted a
40m wide tin-bearing zone at shallow depth. Although visual identification
of cassiterite is limited in the weathered rock, initial Niton XRF readings
confirms elevated tin levels, suggesting strong potential. Grades of tin
mineralisation will be provided once laboratory results are reported.
Importantly, the mineralised intercept at MADD030 lies well outside both the
current mineralised footprint and the tin-in-soil geochemical anomaly (Figure
1), potentially representing either a new tin system zone or a fault
repetition of known mineralisation (Figure 2).
The newly drilled zone further suggests that there could be significant
additional tin resource along the eastern flank of Mont Agoma.
Following the deepening of hole MADD030 (now MADD030A) to better understand
the structural model, two follow-up drill holes will test the extension of
this newly identified zone to the northwest.
To date, four holes totalling 737m have been completed since 13 May 2025 with
three rigs currently drilling. All four holes have intersected visual tin,
copper and zinc mineralisation and confirmed with the on-site Niton XRF
analyser.
Broader zones of mineralisation are highlighted below, with no inference as to
grade:
· MADD023: 50m Sn (38 - 88m), 8m Cu (105 - 113m), 31m Zn (57 - 88m)
· MADD025: 54m Sn (123 - 177m), 6m Cu (120 - 126m), 80m Zn (106 - 186m)
· MADD027: 57m Sn (61-118m), 71m Cu (67-138m), 57m Zn (67-124m)
Samples will be sent to ALS Global in South Africa with assay results expected
before 31 July 2025.
Paul Barrett, Chief Executive Officer of Rome Resources Plc, commented:
"To date all the Mont Agoma drilling has focused on the main ridge where the
geochemical anomaly is strongest. These initial indications from MADD030 open
up the exciting scenario where tin mineralisation is present beyond the limits
of our known footprint, potentially opening up the whole of the eastern flank
of Mont Agoma. This is exactly the kind of upside we hoped to unlock with this
new phase of drilling.
With three rigs turning, work in relation to our maiden mineral resource
estimate underway and work due to start soon on the metallurgy of the deposit,
Rome is building serious momentum on both the exploration and development
fronts. We will continue sharing further updates in relation to drilling
progress as well as assay results as they become available."
For more information and the chance to have your questions directly answered
by the management team, please head to our interactive investor hub via:
https://romeresources.com/s/5b5af1 (https://romeresources.com/s/5b5af1) . Here
you will find all company news and additional content to further explain Rome
Resources' business.
Figure 1 Map of Mont Agoma showing new tin zone identified in drillhole
MADD030
Figure 2 Cross Section through Mont Agoma showing shallow tin zone in
drillhole MADD030
For further information, please contact:
Investor questions on this announcement https://romeresources.com/s/5b5af1 (https://romeresources.com/s/2b8304)
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
Mark Gasson, Chief Operating Officer
Allenby Capital Limited (Nominated Adviser and Joint Broker) Tel. +44 (0)20 3328 5656
John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)
Stefano Aquilino / Joscelin Pinnington (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
Emily Hall / Gordon Poole / Sam Morris
Subscribe to our news alert service: https://romeresources.com/auth/signup
(https://romeresources.com/auth/signup)
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.
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCZZGGVNRDGKZM