Allenby Capital - Rome Resources Update

Rome Resources (RMR.L) has announced a maiden inferred resource (MRE) estimate for its Bisie North Project in the eastern DRC (Democratic Republic of Congo). Diamond drilling since 2023 has identified significant mineralisation within a large polymetallic system. At first glance for the two prospects, Mt Agoma and Kalayi, the inferred resource of 10.6K Sn, 46.9k Cu, 86.2 k Zn and 1.46m oz Ag might appear modest. Two points should, however, be noted. Firstly, the appraisal process is still at a very early phase. Only a fraction of the prospective area has been drilled and drilling depths have been shallow. Evidence relating to Alphamin’s (AFM:TSX-V) adjacent Bisie mine points to grades and vein widths increasing at depth. The second point...