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Resource Mining Corporation Limited ( (AU:RMI) ) has provided an update.
Resource Minerals International has completed a high-resolution magnetic survey over the Kabungu, Ibindi and Kabatini prospects at its Mpanda copper-gold project in Tanzania. The work refines understanding of structural controls, correlates with existing soil and rock chip anomalies, and confirms fault intersections and shear splays as favourable hosts for mineralisation.
The new data extends the target corridor into a largely unexplored north-easterly trend and supports drill targeting across multiple high-grade Cu-Au prospects. RMI has remobilised field teams to verify the defined targets and is planning a second-phase drill program, with drilling expected to begin in the third quarter of 2026, potentially expanding its exploration pipeline and resource potential at Mpanda.
The most recent analyst rating on (AU:RMI) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Resource Mining Corporation Limited stock, see the AU:RMI Stock Forecast page.
More about Resource Mining Corporation Limited
Resource Minerals International Ltd, listed on the ASX as RMI, is a mineral exploration company focused on copper and gold projects. The company’s primary asset is the 100%-owned Mpanda project in Tanzania, where it is targeting shear- and intrusive-related Cu-Au mineralisation across a large and largely underexplored tenement package.
Average Trading Volume: 599,988
Technical Sentiment Signal: Buy
Current Market Cap: A$25.56M
For detailed information about RMI stock, go to TipRanks’ Stock Analysis page.