Highlights

  • Rome Resources completes placing to raise GBP1.9M through 950 million new shares at 0.2p each.
  • Drilling campaign targets Kalayi and Mont Agoma to test high-grade tin zones.
  • Forward programme represents potential addition of 53kt–144kt tin resources across both sites.

Rome Resources plc (LSE:RMR), the DRC-focused tin and copper explorer, has conditionally raised gross proceeds of GBP1.9M via a placing of 950,000,000 new ordinary shares at 0.2p each. Each placing share includes one warrant, exercisable at 0.4p over a three-year period. Oak Securities, a trading name of Merlin Partners LLP, acted as broker for the placing.

The new shares will represent approximately 13.5% of the enlarged share capital and rank pari passu with existing shares. The placing utilises the Company’s existing share authorities granted at the general meeting on 30 July 2025. Net proceeds will fund mobilisation and execution of a drilling programme at the Bisie North Project.

Forward Drilling Programme

Kalayi Drilling Focus - Kalayi, situated around 10km northwest of Alphamin’s Bisie Mine, contains three confirmed high-grade tin shoots. Historical drilling highlights include 2.5m at 3.4% Sn, 0.4m at 12.9% Sn, and 0.5m at 7.5% Sn, all at depths under 80m. The programme will drill deeper holes averaging 300m to test the vertical expansion of the high-grade tin zones, following patterns observed at the nearby Bisie Mine.

Mont Agoma Drilling Focus - The Mont Agoma polymetallic deposit contains copper, zinc, tin, and silver. Drilling will test deeper sections of the main zone where tin is expected to dominate. The programme also targets the Mont Agoma Eastern Tin Zone, where hole MADD030A intersected a 23m tin zone averaging 0.46% Sn, including 1m at 1.56% Sn and 1.6m at 1.42% Sn. This zone was not included in the Maiden Mineral Resource Estimate (MRE) and will be tested for continuity at depth, accounting for structural features such as the major strike-slip fault separating it from the main zone.

Resource Potential
The forward drilling campaign represents a potential additional 53kt–144kt of tin resources across both sites. Drilling is scheduled to begin in approximately two weeks, following mobilisation of an Airbus AS350 support helicopter, and is expected to continue for three to four months.

Project Context
The drilling programme will test priority targets identified in the Company’s maiden MRE and subsequent geological modelling. These targets include deeper high-grade tin zones at Kalayi and the eastern tin zone at Mont Agoma, complementing existing tin-copper mineralisation data.

Share Price Snapshot

RMR was trading at AUD 0.21 per share as of 21 November 2025.