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Maiden MRE Work Commences at Bisie North

2 Jun 2025 07:00

RNS Number : 9063K
Rome Resources PLC
02 June 2025
 

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.

2 June 2025

Rome Resources PLC

("Rome" or the "Company")

 

Maiden Mineral Resource Estimate Work Commences at Bisie North

 

Rome Resources Plc (AIM: RMR), the DRC-focused tin and base metals explorer, is pleased to advise that it has engaged The MSA Group (Pty) Ltd ("MSA") to complete maiden Mineral Resource Estimates ("MREs") for its Bisie North project located in North Kivu Province, eastern DRC.

The scope of work covers both the Kalayi and Mont Agoma prospects and includes the generation of mineral resource models and reporting in accordance with CIM guidelines. The results will be documented in an NI 43-101 Technical Report, suitable for LSE-AIM disclosure and will include revieing 3D block models, incorporating grades and estimating tonnage. In addition, an assessment will be made of the prospects for eventual economic extraction.

A previous NI 43-101 Technical Report was completed for Rome by MSA in 2024. Following extensive drilling since then, sufficient data has now been generated to support the creation of three dimensional mineralisation models for both prospects.

Completion of the maiden MRE is targeted for around the end of June 2025 at which point a summary will be released to the market and the full report available on the Company's website.

Rome is currently undertaking an aggressive deep drilling programme at Mont Agoma, with three rigs in operation targeting deeper tin mineralisation beneath the shallower copper-zinc zones.

Given strong momentum in the field, an update to the initial maiden MRE is expected following receipt of new assay results from the current campaign. In addition, the Company will put out an update on pre-assay drill results when available, the first being on completion of the current three drill holes in the coming days.

 

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

"With three rigs currently operating at Mont Agoma, we are making rapid progress in testing what we believe is a large-scale, high-value copper-tin-zinc-silver system. The data collected so far is robust enough to support our maiden resource estimates for both Kalayi and Mont Agoma, and we are pleased to appoint MSA to carry out this important milestone for the Company."

"The geology is shaping up as we had hoped - with copper and zinc dominant near surface and tin strengthening at depth - confirming the zonation model we are targeting. This resource will be our first formal step in defining scale and value at Bisie North, and we plan to follow it with a further updates once assay results from our current deeper drilling campaign are available."

 

For more information and the chance to have your questions directly answered by the management team, please head to our interactive investor hub via: https://romeresources.com/s/5b5af1. Here you will find all company news and additional content to further explain Rome Resources' business

 

For further information, please contact:

Investor questions on this announcement

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on this announcement via our investor hub

https://romeresources.com/s/5b5af1

Rome Resources Plc

Paul Barrett, Chief Executive Officer

Mark Gasson, Chief Operating 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

Henry Clarke, Head of Sales

 

 Tel. +44 (0)20 3973 3678

Camarco (Financial PR)

Emily Hall / Gordon Poole / Sam Morris

 

Tel. +44 (0)20 3757 4980

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Date   Source Headline
15th Jun 20267:00 amRNSKalayi: Mining licence conversion programme
10th Jun 20267:00 amRNSDirector appointment
9th Jun 20267:00 amRNSCanadian tin and critical metals exploration
29th May 20265:00 pmRNSTotal Voting Rights
13th May 20267:00 amRNSAirborne Geophysical Survey
12th May 20267:00 amRNS-RUpdate research note published by Allenby Capital
7th May 20267:00 amRNSSubscription update and additional issue of equity
27th Apr 20267:00 amRNSAdditional Subscription
27th Apr 20267:00 amRNSProposed Director Appointment
20th Apr 20267:00 amRNS£1.2m subscription and proposed conditional bonus
17th Apr 20264:30 pmRNSIncreased interests in DRC, Director appointment
9th Apr 20267:25 amRNSDrilling programme completed
2nd Apr 202611:26 amRNSResult of General Meeting
24th Mar 20267:00 amRNSKalayi Drilling Delivers Widest Intercept to Date
18th Mar 20267:00 amRNSKalayi Drilling, High-Grade Tin Intercepts
13th Mar 20267:00 amRNSNotice of General Meeting
13th Mar 20267:00 amRNSNotice of General Meeting
10th Mar 20267:00 amRNSProposed Strategic Diversification
20th Feb 20267:00 amRNS-RRecording: Rome Resources Webinar and Q&A
19th Feb 20267:00 amRNSMont Agoma Geological Interpretation
16th Feb 20267:00 amRNSKalayi Drilling Update
10th Feb 20267:00 amRNS-RInvestor Call
5th Feb 20267:00 amRNSKalayi (Bisie North) Drilling Update
2nd Feb 20267:00 amRNSInitial Tin and Copper Metallurgy Testing Results
16th Jan 20267:00 amRNSBisie North Drilling Update
31st Dec 20251:00 pmRNSTotal Voting Rights
31st Dec 20251:00 pmRNSTotal Voting Rights
23rd Dec 20257:00 amRNSNext Drilling Phase & 2025 Progress review
23rd Dec 20257:00 amRNSNext Drilling Phase & 2025 Progress review
16th Dec 20257:00 amRNSDirector/PDMR Shareholding
11th Dec 202511:18 amRNSBoard Changes
2nd Dec 20257:00 amRNSMobilisation Update
28th Nov 20255:00 pmRNSTotal Voting Rights
26th Nov 20258:23 amRNSReplacement: Proposed Equity Fundraise
26th Nov 20257:00 amRNSProposed Equity Fundraise
19th Nov 20257:00 amRNSPlacing to raise £1.9mn, Mobilisation for Drilling
17th Nov 20257:00 amRNSPassing of Director
30th Oct 20257:00 amRNSMaiden MRE Confirms Large, Multi-Metallic System
23rd Oct 20251:00 pmRNSUpdate in relation to maiden MRE
30th Sep 20257:00 amRNSHalf-Year Results
15th Sep 20257:00 amRNSHigh-value Tin, Copper and Zinc identified
3rd Sep 20257:00 amRNSProposed Director appointment
1st Sep 20251:51 pmRNSDirectorate Change
12th Aug 20257:00 amRNSEncouraging Drill Results & Ongoing Resource Work
30th Jul 202512:50 pmRNSResult of Annual General Meeting
24th Jul 20257:00 amRNSChange of registered office
10th Jul 20257:00 amRNS-RInvestor Presentation
7th Jul 202510:48 amRNS-RRecording: Rome Resources Webinar and Q&A
2nd Jul 202510:23 amRNSNotice of Annual General Meeting
30th Jun 20254:14 pmRNS-R2024 Annual Report Webinar
12

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