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Pathfinder Minerals ( (GB:RMR) ) has provided an update.
Rome Resources PLC has announced the resumption of drilling operations at its Bisie North Project in the DRC, following the withdrawal of the M23 rebel group from the region. The company is preparing to mobilize within 10 days, aiming to identify high-grade tin at deeper levels, supported by a fully funded drilling program. The temporary halt allowed for better preparation, and the estimated cost of the next drilling phase is $1.6 million, well within the company’s cash reserves. Results from recent drill holes are expected soon, which will contribute to Rome’s maiden inferred mineral resource estimate, anticipated by mid to late May 2025.
More about Pathfinder Minerals
Rome Resources PLC is a company focused on exploring tin and base metals, primarily operating in the Democratic Republic of the Congo (DRC). The company is involved in identifying high-grade tin deposits, with a market focus on expanding its mineral resource base through strategic drilling operations.
YTD Price Performance: -51.47%
Average Trading Volume: 15,631,270
Technical Sentiment Signal: Buy
Current Market Cap: £10.34M
Find detailed analytics on RMR stock on TipRanks’ Stock Analysis page.