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Resource Mining Corporation Limited ( (AU:RMI) ) has provided an announcement.
Resource Minerals International has advanced its Saudi Arabian exploration portfolio with the completion of high-resolution ground magnetic surveys at the Shaib Marqan and Wadi Salamah projects, both covered by granted exploration licences. The work has mapped major fault systems, highlighted strong links between magnetic anomalies and previous high-grade gold samples, and defined multiple priority target zones for near-term drilling.
At Shaib Marqan, seven major fault systems were identified along with four priority gold target zones, where rock chip sampling is set to begin shortly ahead of a planned 5,000-metre drilling program. At Wadi Salamah, the survey outlined two large, deep-seated magnetic anomalies interpreted as intrusive bodies prospective for porphyry copper-molybdenum mineralisation, three key drill targets for a maiden 5,000-metre program, and fault structures tied to the Najd Fault System.
In Tanzania, the company completed a high-resolution drone magnetic survey at its Mpanda project, covering the Kabungu, Ibindi and Kabatini prospects. Fieldwork is now underway to validate these targets and design a second-phase drilling campaign expected in the third quarter of 2026, underscoring RMI’s strategy of pursuing high-value structural and magmatic corridors across its portfolio.
More about Resource Mining Corporation Limited
Resource Minerals International Ltd is a Perth-based mineral exploration company focused on discovering and developing critical and precious mineral deposits in Tanzania, Saudi Arabia and Finland. The ASX-listed group concentrates on structurally controlled gold and porphyry copper-molybdenum targets within emerging mineral provinces such as the Arabian Shield and key Tanzanian districts.
Average Trading Volume: 700,309
Technical Sentiment Signal: Buy
Current Market Cap: A$40.05M
Learn more about RMI stock on TipRanks’ Stock Analysis page.