Rome Resources Plc has announced a significant increase in its tin resource at the Kalayi project in the Democratic Republic of Congo, reporting a 45% growth in contained tin during the first half of the year. Further drilling could potentially double the deposit, underscoring the project’s promising outlook.
The company revealed that the Kalayi inferred resource now stands at 0.46 million tonnes with a tin grade of 1.47%, totaling 6,760 tonnes of contained tin. Both the tonnage and grade have improved, with the grade rising from 1.33%. Rome Resources believes the deposit could realistically contain up to 20,000 tonnes of tin as exploration continues.
In addition to resource growth, Rome has commenced small-scale mining at Kalayi as part of its efforts to convert its current permit into a full Mining Licence. Securing this licence will facilitate the consolidation of Rome’s ownership stake to approximately 79%, pending binding agreements.
Financially, the pre-revenue company reported a loss of £577,000 for the six months ending June, slightly higher than the £560,000 loss reported the previous year. The company ended the period with £679,000 in cash and subsequently raised £787,500 gross through a share issue on 29 September 2026.
Looking ahead, the next phase of drilling at Kalayi is set to begin in the coming months. Meanwhile, Rome plans to finalize its 2027 exploration programme for its newly acquired New Brunswick critical-minerals project in Canada by the end of 2026.
“The first half of 2026 was important for the company for two key reasons: completion of a further drill programme at Kalayi, which led to a 45% increase in inferred tin resource and improved grade, and the addition of an exciting critical mineral project in the mining-friendly jurisdiction of New Brunswick,” said Chief Executive Paul Barrett.
“Starting the small-scale mining programme at Kalayi marks a significant step toward converting our permit into a full Mining Licence, a prerequisite for consolidating our ownership to around 79%. This positions us as a diversified exploration company with near-term development potential and significant upside for the future.”
“We will now focus on advancing the next drilling phase at Kalayi, progressing the small-scale mining towards a full Mining Licence, and continuing discussions with potential strategic partners to advance Bisie North. The Board remains committed to building strong foundations for future shareholder value.”
Rome Resources’ latest results highlight its growing presence in the tin market and its strategic expansion into critical minerals, setting the stage for potential development milestones and increased shareholder value in the near term.
