25th Feb 2025 18:26
Rome Resources PLC - Vancouver, Canada-based mineral explorer - Says assay results from two diamond core drill holes at the Kalayi tin prospect in North Kivu, Democratic Republic of Congo have confirmed the presence of high-grade tin mineralisation. Notes tin prices are currently nearing USD34,000 per tonne, and that "these intercepts highlight the potential for economic mineralisation, particularly as drilling extends deeper".
Chief Executive Officer Paul Barrett says: "We now have clear evidence of a strong system extending across multiple zones, improving widths and grades as we drill deeper towards the granite source. With over 4,135 metres drilled to date, we are moving rapidly towards defining our maiden inferred mineral resource estimate, which will be a major step in demonstrating the full potential of this emerging tin asset."
Current stock price: 0.27 pence, closed down 5.6% in London on Tuesday
12-month change: down 2.3%
By Emily Parsons, Alliance News reporter
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