Interview with Paul Barrett, CEO, Rome Resources
Our previous interview: https://www.cruxinvestor.com/posts/rome-resources-lsermr-drc-drilling-restarts-7052
Recording date: 8th May 2025
Rome Resources PLC has announced a potentially transformative discovery at its flagship Bisie North project in the Democratic Republic of Congo, identifying a new tin zone that extends well beyond the company's previously known mineralized footprint. The AIM-listed tin and base metals explorer intersected a 40-meter-wide tin-bearing zone in drill hole MADD030 on the northeastern flank of the Mont Agoma prospect, with initial XRF readings confirming elevated tin levels.
What makes this discovery particularly significant is its location outside both the current mineralized footprint and the established tin-in-soil geochemical anomaly. CEO Paul Barrett explained that the company has identified "a broad shear zone, maybe 500m to a kilometer wide" that provides the geological framework for interpreting the discovery. The finding represents either a new tin system or fault repetition of known mineralization, potentially opening the entire eastern flank for exploration.
Rome Resources currently operates three active drilling rigs at Mont Agoma, with four holes totaling 737 meters completed since May 13, 2025. All holes have intersected visual tin, copper, and zinc mineralization confirmed through on-site analysis. The company has engaged MSA Group to complete its maiden resource estimate by the end of June 2025, with updated numbers planned for September following additional drilling results.
The discovery comes at an opportune time for DRC-focused mining companies, with improved security conditions and increased strategic investor interest. The recent acquisition of neighboring Alphamin by Abu Dhabi's International Resources Holding validates the region's strategic importance for critical minerals supply chains. Barrett noted that this regional validation, combined with improved security conditions, creates a favorable operating environment.
With tin being essential for electronics manufacturing and renewable energy infrastructure, Rome Resources is positioned to benefit from global supply chain diversification efforts. The company expects assay results before July 31, 2025, which will provide quantitative data to assess the commercial significance of this potentially game-changing discovery.
Learn more: https://www.cruxinvestor.com/companies/rome-resources
Sign up for Crux Investor: https://cruxinvestor.com
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