REG - Rome Resources PLC - Kalayi Drilling Delivers Widest Intercept to Date

Rome ResourcesAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260324:nRSX7731Xa&default-theme=true

RNS Number : 7731X  Rome Resources PLC  24 March 2026

24(th) March 2026

 

 

Rome Resources plc

("Rome Resources", the "Company")

 

 

Kalayi Drilling Delivers Widest Intercept to Date

 

Rome Resources plc (AIM: RMR), the DRC-focused tin and copper explorer, is
pleased to provide an update on its drilling operations at its Kalayi prospect
within its Bisie North project in the Democratic Republic of Congo ("DRC"),
located approximately 8 km from the world-class Alphamin Mpama tin mine
complex.

 

Initial results from three further drillholes are reported below.  Most
notably, drillhole KBDD033 has delivered the widest tin-bearing intercept
encountered at Kalayi to date, with XRF indications of 20 metres with an
average tin content of 1.0%, including three sub-intervals totalling 10m with
1.7% to 2.1% tin content, alongside two additional shallower intercepts. These
results support the Company's interpretation that the mineralised system may
strengthen and broaden with depth.

 

Status of Kalayi Drilling Programme (XRF - indicative only)

 

Since the last update issued on 18(th) March 2026, three further drill holes
have been completed and assessed for mineralisation by a handheld XRF device.
 Drilling at Kalayi continues to demonstrate the presence of high-grade tin
mineralisation across multiple holes, supporting the Company's structural
model.

 

Initial on-site portable XRF results for Kalayi drill holes KBDD031 to KBDD033
are summarised below.

 

·    KBDD033: 20m at 1.0% Sn from 144m (including 3m at 1.7% Sn from 144m,
3m at 2.1% Sn from 150m and 4m at 2.0% Sn from 160m), plus 3m at 2.5% Sn from
110m and 3m at 0.9% Sn from 137m;

·    KBDD032: 5m at 1.8% Sn from 113m, including 2m at 4.0% Sn from 113m;

·    KBDD031: 4m at 1.1% Sn from 101m.

 

Assessment of Initial Results and Next Steps

 

The results from KBDD033 are particularly encouraging, representing
the widest tin-bearing interval intersected to date at Kalayi. Importantly,
the intercept suggests a potential widening of the mineralised zone at depth,
consistent with the Company's evolving structural model.

 

Hole KBDD033 was drilled underneath two previous intercepts in drill holes
KBDD020A and KBDD031, both of which indicated high tin grades over narrower
widths (Figure 1).  In this context, the broader interval encountered in
KBDD033 provides further evidence that the mineralised zone may strengthen at
depth.

 

This style of mineralisation in KBDD033 appears comparable to that observed at
Alphamin's Mpama South Deposit where tin-bearing zones are known to broaden at
depth (Figure 2).  While it remains early, the Kalayi results continue to
support the Company's view that the system has the potential to develop into a
broader and more laterally continuous mineralised zone.

 

Drillhole KBDD025, as previously announced, returned an excellent intercept of
11m at 3.4% (XRF), and the broader zone now encountered in KBDD033 indicates
further potential in a significantly widening mineralised system.  In order
to assess how these zones evolve at depth, a further hole, KBDD034, is being
drilled below KBDD033, targeting the continuation of tin mineralisation
between approximately 125 and 225m depth.  As of today's date, KBDD034 has
reached a depth of approximately 100m.

 

As the tin-bearing zone(s) have a steep dip to the northeast and the drill
holes are inclined at 50 to 90

degrees to the southwest, the reported intercept widths are not true widths;
the true width of an intercept is narrower than the reported width and the
difference between them depends on the interpreted dip of the tin-bearing zone
and the inclination of the drill hole, as illustrated in Figure 1 below.

 

Figure 1: Section SW-NE through KBDD033 and the planned hole KBDD034

 

Figure 2: Example Section SW-NE through Alphamin's Mpama South, showing
increasing tin widths with depth.

(Source: Updated Technical Report for the BISIE TIN COMPLEX, North Kivu
Province, Democratic Republic of Congo, Alphamin Resources, April 2022, Figure
14.5, www.alphaminresources.com)

 

Use of XRF for initial results

 

The portable XRF currently used at Bisie North is a Bruker S1 Titan model.
Readings represent averages of 60-second continuous analysis along 1m sections
of core. The X-ray beam is emitted through an active area of 20mm(2) and
penetrates up to several millimetres into the drill core.

 

The metal grades determined by the portable XRF are indicative only, although
they are calibrated against known standard samples. They should not be relied
upon for resource estimation. Samples from completed drillholes will be
submitted for laboratory assay, with results to be reported in due course.
 For critical core intervals, up to four passes are made with the XRF on
lines along the core at 90 degrees separation around the core diameter and
averaged to increase the confidence in the results.

 

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

 

"The tin intercept encountered in drillhole KBDD033 materially strengthens our
view of Kalayi's potential to host substantially greater volumes of tin
mineralisation at depth than had been indicated by the shallower intercepts.
This is a highly encouraging result, both in terms of scale and geometry, and
is consistent with the style of mineralisation seen at Alphamin's nearby Mpama
mine.

 

This will feed into our proposed Mineral Resource Estimate update and
strengthens our confidence that the proposed Mineral Resource Estimate update
could deliver a meaningful uplift.  Importantly, this phase of drilling on
Kalayi is concluding with the drilling of a follow-up hole beneath KBDD033
designed to test the continuity of this zone at greater depth and further
assess the scale of the opportunity."

 

 

 

For further information, please contact:

 

 Investor questions on this announcement                          https://romeresources.com/link/PQbw9y (https://romeresources.com/link/PQbw9y)

 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

 Gordon Poole / Sam Morris

Subscribe to our news alert service: https://romeresources.com/auth/signup
(https://romeresources.com/auth/signup)

 

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.

 

The handheld Bruker XRF is frequently checked and calibrated to ensure
accurate analysis.

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  DRLPPUQCWUPQGRW



            Copyright 2019 Regulatory News Service, all rights reserved