S&P 500 rides Apple-led tech rally higher
LONDON - Rome Resources PLC (AIM:ROME), a DRC-focused tin and copper explorer, reported raising £8.2 million in 2024 and completing 3,443 meters of drilling at its Bisie North Project, according to the company’s final results for the year ended December 31, 2024.
The company raised £4 million in conjunction with its July 2024 admission to trading on AIM following the reverse takeover of Pathfinder Minerals Plc. An additional £4.2 million was secured from a strategic investor in December 2024, leaving the company with a cash balance of £4.33 million at year-end, up from £1.40 million in 2023.
Following its AIM listing, Rome reactivated the Bisie North Field Camp and commenced drilling operations at the Kalayi tin prospect and the Mont Agoma tin, copper, zinc and silver prospect. The company reported that an additional 1,587 meters of core were recovered after the reporting period, bringing the total to 5,030 meters by June 30, 2025.
Paul Barrett, Chief Executive Officer, described 2024 as a "transformational year" that combined two entities to create a business focused on building value in the tin and copper discoveries made at the Bisie North Project in 2023.
The drilling program, which operates in challenging jungle conditions with no road access and relies on helicopter support, aims to delineate the Kalayi tin deposit and explore the potential for both tin and copper at Mont Agoma.
According to the company’s statement, a Maiden Resource Estimate incorporating all assays from the current drilling campaign is expected to be completed around September 2025.
The information in this article is based on Rome Resources’ final results announcement for the year ended December 31, 2024.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.