Rome Resources Plc said it expects to publish a maiden resource estimate for its Mont Agoma prospect in the Democratic Republic of Congo in or around September.
This follows a 5,841-metre drilling campaign that has confirmed widespread tin, copper, zinc and silver mineralisation.
The announcement came alongside the company’s annual results, which cover a transformative year marked by its AIM listing, capital raise and the reactivation of exploration work at the Bisie North project.
Drilling at the Kalayi and Mont Agoma prospects has defined the core of the tin system at Kalayi and revealed the scale and complexity of Mont Agoma’s polymetallic zones.
Rome noted that mineralisation appears to follow a pattern of increasing tin grades with depth, while also highlighting the presence of significant copper and zinc.
The company operates in remote jungle terrain, 8 kilometres from Alphamin’s flagship tin mine, with logistics heavily reliant on helicopter access.
The results revealed Rome had cash of £4.33 million at the end of the December 31 reporting period, while it booked an operating loss of £2.33 million as it invested in exploration work, developing what it described as a ‘world-class play’.
“Despite the mineralisation following the geological model of increasing tin grades with depth, the detailed inter-relationship of these mineral phases within the overall zone is still not fully understood,” said CEO Paul Barrett.
“What can be said is that it is becoming clear that in addition to the tin, there is substantial copper and even more zinc.”
