Telegram22 Jan 2025 06:55
Charles Archer
Jan 21
 
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‘Just have a little patience’ 🎤🎸📯♩♪♫♬🔊
Okay, but seriously. We all want everything now, and we all want it as soon as possible. This isn’t how any business works - as anyone who has ever started out on their own will tell you.
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As I noted with Rome last year, ‘it’s a marathon, not a sprint.’ Today’s RNS is very good news and I think the market just needs time to digest it.
Let’s dive in.
Rome RNS
Before we get into the technicals, it’s worth highlighting Rome’s recent strategic investor, Stanvic Mining. The investor has taken on 1.2 billion shares at 0.35p, alongside 1.2 billion warrants at a exercise price of 0.5p with three years to expiry, worth an additional £6 million if fully exercised.
Stanvic is a specialist DRC mining investor, and does not invest its money lightly.
Now to the details.
Rome has just announced ALS lab results from the Mont Agoma tin prospect in the DRC. Assays from the first two of five completed holes has confirmed three discrete zones within the tin, copper and zinc zone.
Thus far, 1,657 metres has been completed from eight holes at Mont Agoma (three still ongoing), since drilling started in August 2024.
Here’s the results:
MADD016A
3m at 0.27% Sn from 46.5m; 20.5m at 0.18% Sn from 57.5m; 14.9m at 0.45% from 99m. Total width of 38.4m of tin mineralisation.
3.9m at 1.24% Cu from 71.2m; 1.7m at 4.8% Cu from 95.3m; 7.2m at 1.32% Cu from 212.4m.
31.0m at 4.02% Zn from 92m.
MADD017
4m at 0.44% Sn from 72m; 10.5m at 0.28% Sn from 116.5m; 9.6m at 0.37% from 130m; 8m at 0.49% Sn from 154m, terminating early in mineralisation. Total width of 32.1m of tin mineralisation.
25.35m at 13.97% Zn from 110.1m.
So we have the widths, but not yet the grades.
However, there is also over 100 metres of visible copper identified in northernmost hole MADD018 - with results to come - and the company has repeated its assertion that early indications suggest mineralisation at Mont Agoma aligns with the copper to tin mineralisation transition zone at San Rafael in Peru,
To prove this model (high tin grades at depth), you need to go deeper - which is exactly the plan. This is going to be more expensive - though Rome has probably now got around £6 million in the bank to continue exploring.
The point to understand is that Rome is exploring like a major, in a world where junior investors want the right grade immediately. It’s proving up the geologic model, and is now going to go 100 metres deeper than it has thus far - getting to Alphamin-level depths.
CEO Paul Barrett notes that ‘With more than 200m width of confirmed sulphide mineralisation, it is becoming increasingly clear that we are unlocking a complex mineralised system with an increase in widths of tin mineralisation toward
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