RMC Pursues Battery Metals in Tanzania and Finland

• Resource Mining Corporation focuses on exploration in Tanzania, particularly in the critical minerals space, with a strong emphasis on nickel and lithium
• The company is well-funded, having recently completed a placement and a rights issue to shareholders to support its exploration strategy
• Resource Mining Corporation has a diverse board with technical, commercial, and financial expertise
• The company has projects not only in Tanzania but also in Finland, where the exploration process is more measured due to regulatory factors. These projects include lithium and nickel exploration with promising results

About Resource Mining Corporation

Resource Mining Corporation, an Australian exploration company, is focused on developing nickel, lithium and cobalt projects in Tanzania and Finland. Led by Chairman Paul Bibby and Managing Director Trevor Matthews, RMC aims to capitalize on the growing demand for battery metals driven by electric vehicles and energy storage.

Strong Leadership Focused on Battery Metals

Resource Mining Corporation Chairman Paul Bibby and Managing Director Trevor Matthews together bring extensive mining industry experience across technical, commercial and financial areas. Matthews has over 35 years of experience bringing new mining and processing projects into production, including executive roles with large diversified mining groups.

The board's experience will be instrumental as RMC advances its portfolio of battery metal projects. The company is targeting metals that are critical for lithium-ion batteries and electric vehicles, including nickel, lithium and cobalt. Global demand for these metals is projected to surge in the coming decades as electric vehicle adoption increases.

Well-Funded Exploration in Tanzania

Resource Mining Corporation is undertaking exploration programs at several prospective nickel and lithium projects in Tanzania, focused mainly in the East African Nickel Belt. The company's core projects include Liparamba, Kitete, Bingo and Kabanga North.

In September 2022, RMC commenced diamond drilling at its Liparamba nickel project after earlier reverse circulation drilling encountered disseminated sulfides. Assay results from the initial holes are pending. The drilling aims to delineate sulfide nickel mineralization at Liparamba.

Resource Mining Corporation is well-funded to continue exploration in Tanzania, having recently completed a placement and rights issue. The capital will support ongoing work at Liparamba along with future programs at RMC's other Tanzanian projects during 2023.

Strategic Projects Near Operating Mines

Several of RMC's projects are located close to major nickel and lithium producers in Tanzania. Liparamba and Kitete are near Kabanga Nickel, one of the world’s largest undeveloped nickel sulfide deposits, owned by Tembo Nickel Corporation.

RMC's Kabanga North project is immediately adjacent to Kabanga Nickel, providing strategic exposure. The company will monitor results from other explorers around Kabanga North to inform future work.

In southwestern Tanzania, RMC’s Bingo project lies close to the operating Williamson diamond mine. BHP has previously undertaken exploration in this area, identifying targets that RMC intends to further assess.

These projects give RMC prime positions near existing infrastructure and processing plants as potential development scenarios are considered.

Leveraging Finland’s Mining-Friendly Environment

In addition to its Tanzanian assets, RMC holds two lithium projects and one nickel project in Finland. The Nordic nation has a long mining history and stable, mining-friendly policies. This enables efficient permitting for exploration and development.

At the Kolar and Hautalampi lithium projects, RMC has delineated high-grade lithium-bearing pegmatites from surface sampling. Historical drilling by the Geological Survey of Finland also intersected lithium mineralization. RMC aims to conduct maiden drilling programs on these projects in late 2022 or early 2023.

The Sakatti nickel project in northern Finland has an existing historical resource of 40 million tonnes, providing a base for RMC to explore extensions and new targets. While Finland’s permitting lead times are longer than Tanzania’s, RMC’s Finnish projects add geographic diversification.

Near-Term Exploration Catalysts

Resource Mining Corporation has multiple potential share price catalysts approaching in late 2022 and 2023. Assay results from the initial diamond holes at Liparamba will demonstrate whether significant nickel mineralization has been intersected.

Drilling programs planned at the Kolar and Hautalampi lithium projects may delineate new lithium resources to complement RMC’s nickel assets. Exploration results from Finland and Tanzania can highlight the growth potential across RMC’s portfolio. Ongoing exploration success will be key to maintaining funding and news flow. This will enable RMC to pursue its vision of developing the next generation of battery metals projects to supply the electric vehicle revolution.

Resource Mining Corporation offers exposure to strategic battery metals projects in mining-friendly jurisdictions with near-term exploration upside. As the company’s exploration programs advance, investors will gain increasing clarity on the potential value RMC can unlock.

Reasons to Invest

Strategic Assets - RMC's projects are located in proven mineral belts and near existing mines and infrastructure. This provides strategic positioning as potential development scenarios are considered. The assets give RMC a first-mover advantage in underexplored areas.

Near-Term Catalysts - With drilling underway at Liparamba and other exploration catalysts approaching in late 2022 and 2023, RMC has clear opportunities to demonstrate the value potential across its portfolio. Positive results can transform the company's valuation.

Demand Tailwinds - Nickel, lithium and cobalt are critical for electric vehicle batteries and energy storage. Demand is projected to surge globally, which would significantly improve prices and investor appetite for new projects. RMC is focused on the right metals at the right time.

Experienced Leadership - RMC's board and management have impressive track records in discovering and developing mining assets. Their experience boosts the potential to create substantial shareholder value from RMC's projects.

Capital Structure - RMC has a tight capital structure with under 100 million shares on issue after its recent raise. This provides leverage to exploration success as positive results are delivered with relatively few shares on issue.

While still an early-stage explorer, Resource Mining Corporation provides investors with a promising opportunity to gain exposure to strategic battery metals projects that could deliver outsized returns if exploration success continues. The company has key ingredients for investment appeal.