Rome Resources PLC - Update in relation to drilling operations
RNS Number : 1379I
Rome Resources PLC
15 October 2024
15October 2024
Rome Resources Plc
("Rome Resources",the "Company" or the "Group")
Update in relation to drilling operations
Rome Resources (AIM: RMR), the DRC-focused tin explorer, provides the following update on its current drilling
operations at the Kalayi Prospect ("Kalayi") and the Mont Agoma Prospect ("MontAgoma")located in the North
Kivu province in the Democratic Republic of Congo (the "DRC") which, together with the Mont Agoma Northwest
prospect, comprise the "Bisie North Projects" (the "Project").
As of 13th October 2024, a total of 1,336 metres ("m") of drilling has taken place, 1,001m on Kalayi and 335m on
Mont Agoma. In this current campaign, there are seven completed holes on Kalayi and one on Mont Agoma with
three drill rigs currently drilling across the Project. A fourth drill rig is currently in the process of being mobilised to
Mont Agoma by helicopter from our base at Osokare, 40 kilometres ("km") from the Project site. This fourth drill
rig is expected to commence drilling at Mont Agoma shortly.
In addition to the increased drilling capacity from the fourth drill rig, Rome Resources is expecting the drilling
production to increase going forward as drilling starts to target areas below the tropical weathering profile. The
arrival of more hard quarry ("HQ") drill rods is anticipated to result in reduced standing time and therefore greater
drilling efficiency at Kalayi, where two drill rigs are currently located.
The first batch of diamond core samples have been prepared for export at COAL's (Congolese Analytical
Laboratory; ALS partner) sample preparation facility in Lubumbashi, southern DRC and sample pulps are now
ready for export to ALS Laboratories in Johannesburg. Results are expected later this month. In addition, it is
anticipated that by mid-this week the next batch of samples from Mont Agoma and Kalayi will be ready for
transport from the Project site.
Paul Barrett, Chief Executive Officer of Rome Resources, commented:
"I am very pleased with overall drilling progress and the team's professionalism on the ground, evident from a
management site visit earlier in the month. The team are pushing ahead as fast as possible, with each drill hole so far
showing promise on both the tin front and, notably in Mont Agoma, on the copper front as well."
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 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
Glossary
Diamond Core
Drill:
Km:
Diamond core drilling uses a diamond cutting bit, which rotates at the end
of a steel rod (tube) allowing for a solid column of rock to be recovered from
the tube at the surface.
Kilometres (Metric)
M:
Metres (Metric)
Sn:
The chemical element for Tin
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