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Pin to quick picksRome Resources PLC Company Research (RMR)

Share Price Information for Rome Resources PLC (RMR)

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0.355    -0.005 (-1.39%)
Bid:
0.35
Ask:
0.36
Spread: 0.01 (2.857%)
Market Cap: £27.25m
RMR Live PriceLast checked at - London Stock Exchange

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Allenby Capital - Rome Resources Update

Fri, 17th Jan 2025 07:42

We regard Rome Resources (RMR.L) as one of the most interesting resource exploration plays on AIM. Based on its Bisie North project, Rome possibly has the potential for a major mine development in the evolving tin/copper province of North Kivu, DRC (Democratic Republic of Congo). Bisie North is located along the strike of the Bisie Ridge, 8km to the SE, hosts Alphamin’s (AFM.TSX-V) world class Mpama tin mine and mill. The recent Bisie North diamond drilling programme has yielded highly promising evidence of high-grade tin at the Kalayi prospect and tin-copper-zinc at the Mt Agoma prospect. Assay results are expected by the company in Q1 2025 that could pave the way for a resource assessment and scoping study. Rome announced in late December 2025 a £4.2m strategic investment by the local privately owned resource focused investment company, Stanvic Mining SARL. This deal effectively underpins near to medium-term funding requirements. Importantly, management is highly experienced and includes members who were involved in the Alphamin Mpama discoveries.

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