Rome Resources

Rome Resources Ltd listed on AIM (RMR) in late July 2024 in conjunction with a fundraise of £4mm (£3mm net), following a reverse takeover of Rome Resources Ltd by Pathfinder Minerals plc. Rome is an early-stage tin explorer in eastern DRC, currently with 4 rigs resource drilling two high-grade tin anomalies with a combined strike length of more than 3km, located in a similar geological setting to the highest grade tin min in the world, Mpama North (4.5% Sn), 8km to the south. Previous drilling results included 12.5m at 1.06% Sn including 0.5m at 11.7% Sn and 41m at 3.52% Cu including 13.15m at 7.8% Cu. 

Rome expects to issue a maiden resource for tin and copper on this project early Q1 2025.

Management Profile:

Mark Gasson, Executive Chairman

Mark is a geologist with 37 years of experience in DRC, South Africa and Tanzania since 1986 in gold and base metals exploration and resource development. Mr Gasson served on the Boards of Tiger Resources, Erongo Energy, Alphamin Resources and Taruga Minerals. He was instrumental in the discovery of Tiger Resources’ 1 million tonnes of copper at Kipoi, 250,000 tonnes of tin at 3.5% tin at Alphamin’s Bisie tin project, and 3Moz of gold at Amani’s Giro deposits, all of which are located in the DRC. 

Paul Barrett, CEO

Paul is an experienced resource geologist in numerous jurisdictions, including Canada, Russia, South Africa and Eastern Europe. He was a co-founder of Europa Oil and Gas and has many years experience running a public company. He was a director of Pathfinder Minerals and responsible for completing the reverse takeover of Rome in July 2024.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Diamond drill 53,00-5,000m

6 Months:

Prepare a maiden mineral resource estimate

12 Months:

Attracting further equity investment and/or industry participation to accelerate project to PFS

What do you think makes your company such a compelling investment?

Two USP's are high grade tin and copper close to existing mining and export facility and a team that has successfully created significant shareholder value in several DRC projects over the past two decades. Low cost entry into that could become an Alphamin ($C1.4B market cap) peer.