REG - Rome Resources PLC - XRF Tin Mineralisation Results

Rome ResourcesAnnouncement

19/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240919:nRSS8490Ea&default-theme=true

RNS Number : 8490E  Rome Resources PLC  19 September 2024

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.

 

19 September 2024

 

Rome Resources Plc

("Rome" or the "Company")

 

XRF Tin Mineralisation Results

 

Rome Resources Plc (AIM: RMR) is pleased to advise that Niton XRF portable
("XRF") analyser results taken from core samples collected at its Kalayi
prospect ("Kalayi") located in the North Kivu province in the Democratic
Republic of Congo ("DRC") have indicated tin mineralisation in drill holes
KBDD005 and KBDD006. Kalayi is part of the Company's Bisie North Projects,
which, also includes the Mont Agoma and Mont Agoma Northwest prospects.

 

Highlights

 

XRF Results

 

·      KBDD005: Handheld XRF analyses of samples collected from a core
slot cut defined a high grade zone over 1.5m, with a maximum grade 3.1% Sn.

·      KBDD006: Handheld XRF analyses of samples from a core slot cut
defined two zones of tin; 10m with a maximum grade of 5.3% Sn, and 8m with a
maximum grade of 0.5% Sn.

·      KBDD007: A narrow zone of near surface tin mineralisation was
intersected (allowing for typical pinching and swelling along the mineralised
structure).

 

Current Operations

 

·      KBDD009: Currently drilled to 62.5m deep, targeting the
significant mineralisation intersected at depth in KBDD006.

·      MADD016: Currently drilled to 46m deep, intersecting a gossanous
zone with quartz veining and anomalous tin in the bottom 3m.

·      KBDD010: Currently collared to test the high-grade tin in soil
anomaly to the south of the current drilling.

·      A fourth diamond drill rig is in process of being mobilised and
expected on site within two weeks. It is anticipated that the fourth diamond
drill rig will commence drilling at Mont Agoma which has to date seen minimal
drilling during the current campaign.

 

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

 

"We are extremely encouraged by the results received from the XRF analyser as,
although not certified, they represent further confirmation that our licence
area contains significant, high-grade tin mineralisation. We continue to
progress the drilling programme, with the fourth diamond drill rig currently
being mobilised, which will accelerate operations across our identified
prospects."

 

"Our team has a wealth of experience developing tin projects within the DRC,
and we are looking forward to drawing on their expertise as drilling and
testing continues at the Company's Bisie North Project. We are committed to
updating our investors regularly as the programme continues, and we look
forward to sharing certified assay results in due course."

 

 

For further information please contact:

 

Rome Resources Plc

Mark Gasson, Executive Chairman

Paul Barrett, Chief Executive Officer

Tel. +44 (0)20 3143 6748

 

Allenby Capital Limited (Nominated Adviser and Joint Broker)

John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)

Stefano Aquilino / Joscelin Pinnington (Sales & Corporate Broking)

Tel. +44 (0)20 3328 5656

 

OAK Securities (Joint Broker)

Jerry Keen, Head of Corporate Broking (jerry.keen@oak-securities.com)

Henry Clarke, Head of Sales (henry.clarke@oak-securities.com)

Tel. +44 (0)20 3973 3678

 

Camarco (Financial PR)

Gordon Poole / Emily Hall / Sam Morris

Tel. +44 (0) 20 3757 4980

 

OAK Securities is a trading name of Merlin Partners LLP. Merlin Partners LLP
is authorised and regulated by the Financial Conduct Authority (Reference
Number: 449191). Merlin Partners LLP is registered in England and Wales
(Registered Partnership Number: OC317265).

 

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 in
holes KBDD005, KBDD006 and KBDD007 which were inserted at regular intervals
throughout the samples and reported grades which were well within acceptable
ranges as per industry standard.

 

No duplicates or blanks were inserted, 7 CRM samples were inserted and
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

 

 Diamond Core  Diamond core drilling uses a diamond cutting bit, which rotates at the end of

Drill:       a steel rod (tube) allowing for a solid column of rock to be recovered from

             the tube at the surface.

 Km:           Kilometres (Metric)

 M:            Metres (Metric)

 Niton XRF:    A portable x-ray fluorescence analyser

 Sn:           The chemical element for Tin

 

 

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  DRLGPUAABUPCUAB