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Rome Resources Expects Estimate on Confirmed Tin Mineralisation at Kalayi Project in DRC

Rome Resources reports positive drilling results from Kalayi tin project in DRC, confirming continuity of mineralisation. Maiden resource estimate expected Q1 2025.

  • Assay results from 10 of 17 drill holes at Kalayi tin prospect in DRC confirm continuous tin mineralisation across multiple sub-parallel ore shoots.
  • Drilling to date has covered only 30% of the 2,000m tin-in-soil anomaly, with mineralisation starting from surface and open at depths exceeding 150m.
  • Deepest hole drilled to date delivered best visual tin intersection of a 10m wide cassiterite-bearing zone, supporting model of tin grades strengthening at depth.
  • Exploration remains fully funded following £4.2M investment, with drilling continuing at Kalayi and Mont Agoma copper prospect.
  • Maiden inferred mineral resource estimate for Kalayi expected in Q1 2025.

Rome Resources Plc (AIM:RMR) is a tin exploration company focused on the Democratic Republic of Congo (DRC). The Company's flagship asset is the Kalayi tin prospect located in North Kivu.

Recent Assay Results

Rome Resources has announced further encouraging assay results from the ongoing diamond drilling programme at its Kalayi tin prospect. Results have been received from 10 of the 17 holes drilled to date.

Highlights include:

  • 5.5m at 0.89% Sn from 102.5m, including 2.4m at 1.39% Sn in hole KBDD009
  • 0.9m at 1.28% Sn from 137.5m in hole KBDD010
  • 2.85m at 0.45% Sn from 24.6m and 3.9m at 0.38% Sn from 32.09m in hole KBDD014

These results confirm the continuity of tin mineralisation across multiple sub-parallel ore shoots at Kalayi, supporting the Company's geological model. Importantly, the drilling to date has only covered approximately 30% of the 2,000m tin-in-soil geochemical anomaly defined at surface. The mineralisation remains open along strike and at depth.

CEO Paul Barrett commented:

"These latest results from Kalayi build on the success of our last drilling campaign, reinforcing our confidence in Kalayi's growing scale, with mineralisation now confirmed across multiple zones and improving as we drill deeper towards the granite source."

Positive Visual Indications at Depth

Hole KBDD016 has delivered the best visual tin intersection to date at Kalayi, with a 10m wide zone of cassiterite (tin oxide) mineralisation identified at one of the deepest levels tested so far.

This supports Rome's zonation model which predicts that tin grades will increase with depth closer to the granitic intrusion that is interpreted to be the source of the tin mineralisation. Assay results for this key intersection are expected in Q1 2025.

The deepest hole of the current programme, KBDD018, is now underway targeting a zone approximately 80m below the encouraging intersection in KBDD016. Barrett noted:

"It is becoming increasingly clear that we are unlocking a simple, open pittable, high-grade tin resource which, due to the pinch and swell geometry, indicates that there is potential for even greater widths of high-grade mineralisation both at depth and along strike."

Operations Unaffected by Goma Unrest

Rome Resources reported that its exploration activities remain unaffected by recent developments in the city of Goma, located approximately 200 kilometres from the Company's projects. As a precautionary measure, field operations including helicopter support have been relocated to the city of Bukavu.

Three drill rigs continue to operate as planned at the Mont Agoma and Kalayi prospects, with a fourth rig undergoing routine maintenance. Additional drill results from Kalayi are anticipated in the coming days.

Commenting on the situation, CEO Paul Barrett stated:

"Our exploration programme is progressing steadily across our licences and we remain committed to advancing our projects in a safe and responsible manner. The well-being of our employees and contractors is our primary consideration, and we are closely monitoring the situation in Goma, while maintaining open lines of communication with our local team."

This update provides reassurance to investors that Rome's exploration activities are continuing uninterrupted despite the unrest in the regional capital of Goma. The Company appears well-prepared to manage the situation with the relocation of support operations and strong communication with its in-country team.

Fully Funded Exploration

Rome Resources remains well-funded to accelerate exploration at both Kalayi and its Mont Agoma copper prospect following a £4.2 million strategic investment from Stanvic Mining in 2025.

Drilling is continuing at both projects, with a focus on extending known mineralisation and moving towards a maiden inferred mineral resource estimate for Kalayi which is anticipated in Q1 2025. At Mont Agoma, assay results are pending from hole MADD018 which intersected over 100m of visible copper mineralisation, highlighting the potential of this prospect.

For Investors

The latest drilling results from Kalayi provide further confirmation of the continuity and scale of the tin mineralisation within this emerging discovery. With tin prices trading around $30,000/t, the widths and grades intersected to date indicate the potential for economic mineralisation, particularly if ongoing deeper drilling can define higher-grade zones.

For investors, the key catalysts to watch will be the pending assay results from the current deep hole at Kalayi as well as the maiden resource estimate targeted for Q1 2025. In the meantime, Rome Resources appears well positioned to continue advancing both its Kalayi tin and Mont Agoma copper projects with a strong cash position and encouraging results across both assets.

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