# Half-Year Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4 Original source: https://www.londonstockexchange.com/news-article/RMR/half-year-results/17811386 Publisher: lse Original announcement: 2026-09-30T05:00:03.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T09:05:42.540Z Atlas analysis updated: 2026-09-30T09:05:42.540Z - Company: Rome Resources Plc - Ticker: RMR - Exchange: LSE - Region: Unavailable - Primary commodity: Tin - Secondary commodities: Copper, Zinc, Silver, Tungsten, Indium, Bismuth - Document categories: Resource update, Capital raise, Other - Extracted: 2026-09-30 09:05:43 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Rome Resources Plc announced its half-year results, highlighting a 45% increase in the inferred tin resource at its Kalayi project in the DRC, with grades rising to 1.47% tin. The company also acquired an exciting critical mineral project in New Brunswick, Canada, and commenced a small-scale mining program at Kalayi to advance towards a full Mining Licence. These developments, alongside recent capital raises, position the company as a diversified exploration entity with significant upside. Reasoning: The company reported a substantial increase in its inferred tin resource and grade at Kalayi, acquired a promising new critical minerals project, and secured funding through capital raises, positioning it for future growth despite its early-stage nature. - Positive factor: Significant increase in inferred tin resource \(45% contained tin growth\) - Positive factor: Increase in resource grade \(from 1.33% to 1.47% Sn\) - Positive factor: Acquisition of a new critical mineral project in New Brunswick, Canada - Positive factor: Commencement of small-scale mining program at Kalayi to advance towards a full Mining Licence - Positive factor: Successful capital raises to fund ongoing exploration and development - Negative factor: Company remains an early-stage exploration business with ongoing losses - Negative factor: Resource is entirely in the Inferred category, indicating lower confidence Facts used in scoring: 8 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The contained tin increased by 45% from the October 2025 MRE. Evidence · text > which represents a 45% increase in contained tin versus the October 2025 MRE on a like-for-like basis. **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: The resource grade increased from 1.33% Sn to 1.47% Sn. Evidence · text > tonnage and grade increasing from 1.33% to 1.47% Sn. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The reported resource is entirely in the inferred category. Evidence · text > an inferred resource 0.46Mt at 1.47% Sn **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The announcement details an upgraded Mineral Resource Estimate in September 2026. Evidence · text > culminating in the release of an upgraded MRE in September 2026. **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The Kalayi project is highlighted for its proximity to Alphamin's Bisie Mine, the world's highest grade tin mine. Evidence · text > The Company's Kalayi project sits only 8km along trend from Alphamin's Bisie Mine, the world's highest grade tin mine **Exploration Stage** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company explicitly states it remains an early-stage exploration business. Evidence · text > Rome Resources remains an early-stage exploration business ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Resource Estimates (8) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4#fact-resource-facts-0) Kalayi · tin #### Identity - Project: Kalayi - Commodity: tin - Region: drc - Reported Region: Democratic Republic of Congo - Ticker: RMR #### Resource scope - Estimate type: resource - Resource group id: resource:40df9b032eebee5bb012 #### Resource Data - Category: inferred - Tonnes: 460000 - Grade: 1.47 - Grade Unit: % - Contained Metal: 6.76 - Contained Unit: kt #### Prior Estimate - Resource Date: 2026-09-30 - Prior Tonnes: 350000 - Prior Grade: 1.33 - Prior Contained Metal: 4.66 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Kalayi project's MRE update shows substantial growth in inferred tin resources and an improved grade, indicating strong exploration success and significant upside potential, despite the resource remaining in the inferred category. - Positive factor: Significant increase in contained metal \(45%\) - Positive factor: Increase in resource grade \(from 1.33% to 1.47% Sn\) - Positive factor: Potential for further resource doubling in the southeast extension - Negative factor: Resource is entirely in the Inferred category, indicating lower confidence - Negative factor: Additional drilled intercepts not included due to lack of delineation drilling Evidence · text > cumulative metres drilled on Kalayi stand at 5,700 metres with an inferred resource 0.46Mt at 1.47% Sn, deriving 6.76kt contained tin, which represents a 45% increase in contained tin versus the October 2025 MRE on a like-for-like basis. Resource growth is also achieved without grade dilution, with tonnage and grade increasing from 1.33% to 1.47% Sn. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 460000 against 350000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 1.47 against 1.33 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 6.76 against 4.66 previously **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4#fact-resource-facts-1) tin #### Identity - Commodity: tin - Region: canada\_nb - Reported Region: New Brunswick, Canada - Ticker: RMR #### Resource Data - Grade: 0.6 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Surface sampling in New Brunswick returned a high-grade tin assay, indicating promising early-stage exploration potential for a new critical minerals project. - Positive factor: High-grade tin assay from surface sampling - Positive factor: Part of an exciting critical mineral project in a mining-friendly jurisdiction - Negative factor: Early-stage sampling, not drill results - Negative factor: Limited information on extent and continuity Evidence · text > Outcrop sampling has returned assays of up to 0.6% tin, 0.2% tungsten, 0.8% bismuth, 17ppm indium and 1.5% copper to date. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4#fact-resource-facts-2) tungsten #### Identity - Commodity: tungsten - Region: canada\_nb - Reported Region: New Brunswick, Canada - Ticker: RMR #### Resource Data - Grade: 0.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Surface sampling in New Brunswick returned a high-grade tungsten assay, indicating promising early-stage exploration potential for a new critical minerals project. - Positive factor: High-grade tungsten assay from surface sampling - Positive factor: Part of an exciting critical mineral project in a mining-friendly jurisdiction - Negative factor: Early-stage sampling, not drill results - Negative factor: Limited information on extent and continuity Evidence · text > Outcrop sampling has returned assays of up to 0.6% tin, 0.2% tungsten, 0.8% bismuth, 17ppm indium and 1.5% copper to date. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4#fact-resource-facts-3) bismuth #### Identity - Commodity: bismuth - Region: canada\_nb - Reported Region: New Brunswick, Canada - Ticker: RMR #### Resource Data - Grade: 0.8 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Surface sampling in New Brunswick returned a high-grade bismuth assay, indicating promising early-stage exploration potential for a new critical minerals project. - Positive factor: High-grade bismuth assay from surface sampling - Positive factor: Part of an exciting critical mineral project in a mining-friendly jurisdiction - Negative factor: Early-stage sampling, not drill results - Negative factor: Limited information on extent and continuity Evidence · text > Outcrop sampling has returned assays of up to 0.6% tin, 0.2% tungsten, 0.8% bismuth, 17ppm indium and 1.5% copper to date. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4#fact-resource-facts-4) indium #### Identity - Commodity: indium - Region: canada\_nb - Reported Region: New Brunswick, Canada - Ticker: RMR #### Resource Data - Grade: 17 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Surface sampling in New Brunswick returned an indium assay, indicating promising early-stage exploration potential for a new critical minerals project. - Positive factor: Indium assay from surface sampling - Positive factor: Part of an exciting critical mineral project in a mining-friendly jurisdiction - Negative factor: Early-stage sampling, not drill results - Negative factor: Limited information on extent and continuity Evidence · text > Outcrop sampling has returned assays of up to 0.6% tin, 0.2% tungsten, 0.8% bismuth, 17ppm indium and 1.5% copper to date. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4#fact-resource-facts-5) copper #### Identity - Commodity: copper - Region: canada\_nb - Reported Region: New Brunswick, Canada - Ticker: RMR #### Resource Data - Grade: 1.5 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Surface sampling in New Brunswick returned a high-grade copper assay, indicating promising early-stage exploration potential for a new critical minerals project. - Positive factor: High-grade copper assay from surface sampling - Positive factor: Part of an exciting critical mineral project in a mining-friendly jurisdiction - Negative factor: Early-stage sampling, not drill results - Negative factor: Limited information on extent and continuity Evidence · text > Outcrop sampling has returned assays of up to 0.6% tin, 0.2% tungsten, 0.8% bismuth, 17ppm indium and 1.5% copper to date. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4#fact-resource-facts-6) #### Identity - Ticker: RMR #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company successfully raised £1.59 million through a share placement, providing essential capital for its exploration activities. - Positive factor: Successful capital raise provides funding for ongoing exploration and development - Negative factor: Share issue price is relatively low Evidence · text > On 12 May 2026 the Company issued 530,000,000 ordinary shares at a price of £0.0030 per share for gross proceeds of £1,590,000. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/half-year-results--c5619afa-bfa2-4dce-822f-642996a8e8d4#fact-resource-facts-7) #### Identity - Ticker: RMR #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company successfully raised an additional £0.7875 million through a share placement, further bolstering its financial position for exploration. - Positive factor: Successful capital raise provides additional funding for ongoing exploration and development - Negative factor: Share issue price is relatively low and below the previous placement price Evidence · text > On 29 September 2026 the Company issued 450,000,000 new ordinary shares at a price of £0.00175 per share for gross proceeds of £787,500. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.