Rome Resources PLC - Mobilisation of Diamond Core Drill Rigs
RNS Number : 2879Y
Rome Resources PLC
30 July 2024
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.
30 July 2024
Rome Resources Plc
("Rome" or the "Company")
Mobilisation of Diamond Core Drill Rigs to the Bisie North Projects
Rome Resources Plc (AIM: RMR) provides an update on drilling operations at the Company's flagship project
located in the North Kivu province in the Democratic Republic of Congo which comprises the Kalayi prospect, the
Mont Agoma prospect and the Mont Agoma Northwest prospect (together the "Bisie North Projects")
The Company is pleased to announce that it has commenced the mobilisation of the first of three diamond core
drill rigs to be used in the first week of August 2024 at sites identified and prepared by the Company at the Bisie
North Projects.
Two diamond core drill rigs are anticipated to commence with resource drilling at the Kalayi prospect where high
grade tin mineralisation intersected previously will be drill tested down to a vertical depth of 150 metres ("m")
from surface and will cover 600m of the contiguous tin in soil anomaly which has been previously defined over
2,000m lateral extent.
The third diamond core drill rig will cover 700m of the high-grade polymetallic tin, copper, zinc, lead and silver soil
anomaly above the Mont Agoma prospect. The drill programme will test the anticipated tin mineralisation
beneath the previously drilled polymetallic zone.
The geological model, described in the Competent Persons Report outlined in the Admission Document published
on 8 July 2024, is based on similarities to the world class San Rafael tin mine and predicts tin becoming the main
mineralisation phase below the polymetallic mineralisation.
The drilling programme is anticipated to continue through to the early part of the fourth quarter of 2024 with a
proposed total drilled length of 2,700m.
Paul Barrett, Chief Executive Officer of Rome Resources Plc, commented:
"We are hugely pleased to be mobilising drilling units to site to commence the Company's 2024 drill programme
immediately following our successful fundraise and admission to AIM last week. We are looking forward to regularly
updating the market over the coming weeks and months as the drill programme progresses."
For further information please contact:
Rome Resources Plc
Mark Gasson, Executive Chairman
Paul Barrett, Chief Executive 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 (jerry.keen@oak-securities.com)
Henry Clarke, Head of Sales (henry.clarke@oak-securities.com)
Tel. +44 (0)20 3973 3678
Camarco (Financial PR)
Gordon Poole / Emily Hall / Sam Morris
Tel. +44 (0) 20 3757 4980
OAK Securities is a trading name of Merlin Partners LLP. Merlin Partners LLP is authorised and regulated by the
Financial Conduct Authority (Reference Number: 449191). Merlin Partners LLP is registered in England and Wales
(Registered Partnership Number: OC317265).
Qualified Person
Dr Deon Vermaakt is a consultant to the Boad of Rome Resources Plc, qualified geologist and is a registered
Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific Professions
(SACNASP Reg. No. 400074/03). Dr Deon Vermaakt, who meets the criteria of a qualified person under the AIM
Note for Mining and Oil & Gas Companies - June 2009, has reviewed and approved the technical information
contained within this announcement.
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