Rome Resources Plc (AIM:RMR) CEO Paul Barrett talked with Proactive's Stephen Gunnion about the company's £4.2 million strategic investment by Stanvic Mining. Barrett explained that Stanvic Mining, a DRC-based venture with experience in mining and commodities, has taken a minority stake in the company, offering significant financial backing.
Barrett emphasised that the proceeds will bolster the Bisie project's development, including extending drilling campaigns, geological studies, and potentially expanding into new acreage. “We’re looking to strengthen resource numbers and delineate the mineralization at Mont Agoma and Kalayi,” he noted.
The CEO also highlighted milestones for 2025, such as assay reporting delays and anticipated resource updates for the Kalayi and Mont Agoma prospects. By the second quarter, the company expects a strong cash position to decide on further drilling or moving to feasibility studies.