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Rome Resources Reports Encouraging Early Drilling Results at Bisie North

Story Highlights
  • Rome Resources is advancing two-rig drilling at Bisie North’s Mont Agoma and Kalayi prospects in the DRC.
  • Preliminary XRF results at Kalayi and progress at Mont Agoma support the depth potential of tin mineralisation, pending lab assays.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rome Resources Reports Encouraging Early Drilling Results at Bisie North

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Pathfinder Minerals ( (GB:RMR) ) just unveiled an update.

Rome Resources has advanced its post-maiden resource drilling programme at the Bisie North project in the DRC, with two rigs now active at the Mont Agoma and Kalayi prospects. Initial on-site handheld XRF readings from Kalayi drillhole KBD019 indicate a six-metre interval averaging 1.6% tin within a broader 26-metre zone of disseminated cassiterite, reinforcing the continuity and depth potential of high-grade tin mineralisation. At Mont Agoma, one shallow hole has been completed and a second hole is progressing through the main mineralised zone, as the company tests its model that copper-dominated near-surface mineralisation transitions to stronger tin grades at depth. While the reported grades are preliminary and require confirmation from laboratory assays, the early results support Rome Resources’ geological model and signal potential for resource expansion that could strengthen its position in the tin-copper exploration district near Alphamin’s producing mine.

The most recent analyst rating on (GB:RMR) stock is a Hold with a £0.20 price target. To see the full list of analyst forecasts on Pathfinder Minerals stock, see the GB:RMR Stock Forecast page.

Spark’s Take on GB:RMR Stock

According to Spark, TipRanks’ AI Analyst, GB:RMR is a Neutral.

The score is primarily pressured by weak financial performance (no revenue, widening losses, and persistent negative free cash flow implying continued funding risk). Technicals add a modest headwind due to a weak longer-term trend and negative MACD, while valuation is constrained because negative earnings make P/E less informative and there is no dividend support.

To see Spark’s full report on GB:RMR stock, click here.

More about Pathfinder Minerals

Rome Resources is an AIM-listed mineral exploration company focused on tin and copper projects in the Democratic Republic of Congo. Its flagship Bisie North project lies close to the high-profile Alphamin Mpama tin mining complex, targeting a large polymetallic system across the Mont Agoma and Kalayi prospects.

Average Trading Volume: 14,649,026

Technical Sentiment Signal: Sell

Current Market Cap: £15.34M

Learn more about RMR stock on TipRanks’ Stock Analysis page.

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