Rome Resources Plc

Bisie North Tin Project

35 Berkeley Square, London, England, W1J 5BF

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Rome Resources

Bisie North is comprised of two contiguous exploration permits, PR 13274 and PR 15130, which together cover 38km2.

51% ownership in the projects with options to increase to 80%.

Two parallel ridges with significant tin and coper soil anomalies are in the process of being drilled up

Tin intercepts at Mont Agoma to date up to 2% Sn and 12% at Kalayi

Second phase of drilling commenced august 2024 and is continuing on both prospects.

Anticipate maiden resource on both prospects byQ2 2025.

Following the discovery of a 3,000m tin in 2 soil anomalies within 8km of Alphamin’s high grade (4.5% Sn) Mpama North Mine, drilling commenced in 2022. The first campaign intersected significant tin and copper mineralisation in both anomalies and a subsequent campaign to infill and extend the coverage commenced in August 2024.

The Bisie North Projects exploration area lies just 8km northwest of the Mpama North tin mine which is owned by Alphamin and was reported by the Edison Group in 2023 to be the highest grade tin mine in the world. Furthermore, the Mpama North tin mine was responsible for producing 4 per cent. of the world’s mined tin supply and Alphamin has reported plans to ramp up production to 7 per cent. of tin supply now their Mpama South deposit has come onstream.

Rome Resources has identified three prospective areas located within the Projects to date: Mont Agoma, Mont Agoma Northwest and Kalayi. Historical artisanal workings for cassiterite occur at Mont Agoma Northwest and small-scale artisanal mining, also for cassiterite, is underway in the Kalayi area (Kalayi Boeing). The Mont Agoma mineralisation is polymetallic with extensive zones of copper, zinc and minor lead-sulphide, silver and tin mineralisation. However, no previous mining is known to have occurred at Mont Agoma.

In terms of exploration, two soil sampling programmes were conducted by Rome Resources in 2021 and 2022 to identify and delineate tin and base metal anomalies. A high-grade tin in soil anomaly (above 80 ppm tin) of 800 metres strike was delineated at Kalayi, with anomalous tin (above 40 ppm tin) occurring over approximately 2,000 metres. At Mont Agoma, a high grade tin in soil anomaly was identified over 1,000 metres in strike within which tin in soil grades reach values of >500 ppm tin over approximately 400 metres. Both anomalies were followed up by diamond core drilling.

A total of 24 diamond drillholes were drilled by Rome Resources at the Projects in 2022/2023: eighteen at the Mont Agoma prospect; four at the Kalayi prospect; and two at the Mont Agoma Northwest target. Three of the drillholes collared at Mont Agoma were abandoned at depths of less than 50 metres and were redrilled for a total of 15 completed holes. The drilling is preliminary in nature aimed at investigating the mineralisation beneath the artisanal workings or under the extensive geochemical anomaly at Mont Agoma.

At Kalayi, a single line of four drillholes was completed, aimed at investigating mineralisation below artisanal workings. Two of the holes intersected significant tin (cassiterite) mineralisation associated with silicification in narrow shear zones.

Extensive massive and semi-massive base metal sulphide zones were intersected in the majority of the drillholes at Mont Agoma, together with significant tin in cassiterite intercepts within or proximal to the sulphide zones.

Rome Resources executed a planned exploration drilling programme and budget which was commenced out upon acquisition by Pathfinder in July 2024. A total of 16 diamond drillholes are planned at the Kalayi and Mont Agoma prospects: 8 at Kalayi and 8 at Mont Agoma for a total of 2,700 m.

The first phase of 12 diamond drill holes (1,360 m) at Kalayi were planned to result in a grid of approximately 100 m along strike and 50 m down dip to cover approximately 600 m of more than 80 ppm tin in soil anomaly. The second phase of 8 diamond drill holes (1,885 m) at Mont Agoma were planned to cover approximately 700 m of the tin in soil anomaly at the same spacing as at Kalayi.

The drill programme continues as of January 2025, principally on Mont Agoma following mineralisation at depth.  

The programme is expected to show continuity of significant tin mineralisation identified at Kalayi over 600 m along strike and is aimed at defining mineralisation continuity consistent with that of an Inferred Mineral Resource. At Mont Agoma significant high-grade copper, zinc, silver and elevated tin mineralisation has been identified over significant widths in previous drilling. The primary aim of the programme is to confirm a mineralised model of vertical zonation, similar to San Rafael in Peru, and to target tin mineralisation at depths of 50 m to 100 m below the current drilling where the interpretation could indicate higher tin grades beneath the copper zone. Drilling is targeting the copper, silver, zinc and tin zone with one hole extended to intersect the entire approximately 100 m wide zinc zone every 200 m along strike.

The Bisie North Tin Project is located in the Walikale Territory of the North Kivu Province, in eastern Democratic Republic of the Congo. The project is located immediately north of Alphamin Resources highly successful Bisie Project.