Rome Resources (RMR) booked a loss of £560,000 in the six months to June 2025. The company closed out the period with just over £1.3 million in the bank.
The first half of the year was busy for the company, as follow-up drilling at Rome’s assets in the Democratic Republic of Congo was enabled as a result of a strategic investment by Stanvic Mining SARL. This drilling campaign was ultimately completed in August 2025.
Up to four helicopter-portable drill rigs have been operating on-site since August 2024. In the first half of 2025, drilling operations were undertaken at both the Kalayi and Mont Agoma prospects. With the exception of a brief period in the second quarter of 2025, when the security situation necessitated the need to temporarily shutdown operations both for Rome Resources and the neighbouring Alphamin Resources mine facility, drilling has continued, supported by BAC Helicopters.
Sample preparation was undertaken on-site and samples dispatched to ALS Johannesburg for analysis.
In addition, further geochemical soil sampling was undertaken to identify future exploration targets stepping out from both Kalayi and Mont Agoma.
The results of the maiden mineral resource estimate, due by mid-October, will create the platform for the next phase of exploration and delineation. It is anticipated that, in the coming six months, that drilling will be undertaken on a number of targets at Kalayi and Mont Agoma.
"The reporting period built on the success of 2024 with the post-reverse takeover exploration campaign, a bold programme of delineation drilling at the Mont Agoma and the Kalayi prospects, located at Rome Resources' acreage in the eastern DRC,” said Paul Barrett, chief executive of Rome Resources.
“At the reporting date, a total of 5,143 metres have been drilled in this campaign, resulting in the board of directors of Rome Resources concluding that the company has sufficient data to undertake a maiden mineral resource estimate on both prospects. Management looks forward to the next phase of work, including further stepout drilling at the newly discovered Mont Agoma East tin zone, drilling deeper in both Mont Agoma's main zone and Kalayi as well as further quantifying the upside in what we view as already impressive copper intercepts in Mont Agoma. Tin, copper, zinc and silver are all heavily represented in the Mont Agoma discovery and are expected to form an integral part of the mineral resource going forward."
View from Vox
It’s been a big year so far for Rome, and could get bigger still with the release of the resource estimate in October. Speculation has been that at some point Rome will become an acquisition target. When and if that will happen remains to be seen, but in the meantime the company is steadily building up what looks to be a very attractive suite of tin and copper assets in a well established mining area.