Rome Resources CEO Paul Barrett joined Steve Darling from Proactive to announce that the company plans to raise £1.9 million through a share placement to fund its next major exploration phase at the Bisie North tin project in the Democratic Republic of Congo. The financing remains subject to regulatory approvals.
Barrett explained that the new drilling campaign will focus on high-priority targets, particularly the deeper zones of the Kalayi and Mont Agoma deposits, where the company sees significant discovery potential. Rome estimates the program could uncover between 53,000 and 144,000 tonnes of additional mineral resources—substantially expanding on the 10,600 tonnes of inferred resources declared last month at Bisie North.
Pending financing completion, drilling is expected to begin in approximately two weeks and continue for three to four months. Barrett noted that helicopters and drilling crews are preparing for mobilisation.
If successful, the upcoming program could meaningfully advance Bisie North toward becoming a future contributor to the DRC’s tin supply, a sector currently dominated—at roughly 99% in 2024—by Alphamin Resources’ producing Bisie mine.
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