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.
