30 sep 25   rome resources plc - half-year results rome resources plc | rmr | 0.3 -0.02 (-6.1%) | mkt cap: 18.9m    rns number : 2823b rome resources plc 30 september 2025     the information contained within this announcement was deemed by the company to constitute inside information as stipulated under the uk market abuse regulation   30 september 2025   rome resources plc ("rome resources", the "company" or the "group")   half-year results   rome resources (aim: rmr), today announces its unaudited interim results for the six months ended 30 june 2025 (the "reporting period"). these results will shortly be made available on the company's website at www.romeresources.com.   paul barrett, ceo of the company, commented:   "the reporting period built on the success of 2024 with the post-reverse takeover ("rto") 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.  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 (the "board" or the "directors") 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."     for further information, please contact: investor questions on this announcement we encourage all investors to share questions on this announcement via our investor hub https://romeresources.com/s/5b5af1   rome resources plc paul barrett, chief executive officer mark gasson, chief operating officer   tel. +44 (0)20 3143 6748 allenby capital limited (nominated adviser and joint broker) john depasquale / vivek bhardwaj / lauren wright (corporate finance) joscelin pinnington (sales & corporate broking)   tel. +44 (0)20 3328 5656   oak securities (joint broker) jerry keen, head of corporate broking henry clarke, head of sales    tel. +44 (0)20 3973 3678 camarco (financial pr) emily hall / gordon poole / sam morris     tel. +44 (0)20 3757 4980             subscribe to our news alert service: https://romeresources.com/auth/signup   executive director's statement   introduction rome resources hit the ground running upon admission to trading on aim with its drilling programme at the mont agoma and kalayi tin prospects in the eastern drc, leading to the drilling of fully cored drillholes of 6,895 metres in total as at the date of this announcement. highlights in this campaign have been tin intercepts of up 12.5 metres at 1.06 per cent. tin combined with exceptional copper grades of up to 20 per cent. copper in mont agoma.  follow-up drilling in early 2025 was enabled as a result of the strategic investment by stanvic mining sarl and as of the reporting date of 30 june 2025, the company was in the final stages of this drilling campaign, which subsequently completed in august 2025.    operations up to four helicopter-portable drill rigs have been operating on-site since august 2024.  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 us 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.    outlook 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 6 months, that drilling will be undertaken on a number of targets:   ·    kalayi - deeper tin intercepts and stepout drilling to the north and south of kalayi along with an extension to the tin-in-soil anomaly; and   ·    mont agoma - southeast plunge of mont agoma east tin zone, deeper intercepts in the main zone and offset drilling on tin and copper soil anomalies to the north of the current limit of drilling.   management intends to keep up the momentum of exploration through to 2026 and develop the project into a compelling tin and copper play for the coming decades.   paul barrett chief executive officer & director 30 september 2025  consolidated statement of comprehensive income for the 6 months ended 30 june 2025       note 6 months to 30 june 2025 (unaudited) 6 months to 30 june 2024 (unaudited) 15 months to 31 december 2024 (audited)     £'000 £'000 £'000   continuing operations     revenue  - - - administrative expenses  (578) (214) (2,326)      operating loss  (578) (214) (2,326)      reverse acquisition expense  - - (2,463) finance income/(expense)  18 - 9 (loss) before income tax  (560) (214) (4,780) income tax  - - -      (loss) for the period  (560) (214) (4,780)      total comprehensive loss for the period attributable to equity holders of the parent  (560) (214) (4,780)      loss per share from continuing operations in pence per share:     basic and diluted  (0.0001) (0.0002) (0.0017)          consolidated statement of financial position for the 6 months ended 30 june 2025   note 6 months ended 30 june 2025 (unaudited) 6 months ended 30 june 2024 (unaudited) 15 months ended 31 december 2024 (audited)    £'000 £'000 £'000 non-current assets     exploration assets 5 11,762 8,991 10,511 investment in associate  - - - property, plant and equipment  10 - 9 total non-current assets  11,772 8,991 10,520       current assets       trade and other receivables 3 302 129 326 cash and cash equivalents  1,349 11 4,485 total current assets  1,651 140 4,811       total assets   13,423 9,131 15,331      equity and liabilities      capital and reserves attributable to equity holders of the company:      share capital 2 24,270 21,594 24,257 share premium 2 19,788 15,402 19,768 share based payment reserve  19 - 43 reverse acquisition reserve  (22,157) (21,619) (22,157) warrant reserve  2,011 2,063 2,011 merger reserve  4,703 - 4,703 foreign currency translation reserve  (741) - (289) accumulated deficit  (15,525) (11,021) (14,989) total shareholder equity  12,368 6,419 13,347      non-controlling interest  620 641 620 non-current liabilities     loans 4 245 - 254   245 - 254 current liabilities     trade and other payables 4 190 248 1,110 borrowings 4 - 1,823 -   190 2,071 1,110 total liabilities  435 2,071 1,364      total equity and liabilities  13,423 9,131 15,331   consolidated statement of changes in equity for the period ended 30 june 2025  called up share capital share premium share based payment reserve warrant reserve accumulated deficit reverse acquisition reserve foreign currency translation reserve merger reserve non-controlling interest total equity   £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 balance at 30 september 2023 (unaudited) 11,941 - 2,134 - (11,152) - - - - 2,923 total comprehensive loss for the year - - - - (4,780) - - - - (4,780) issue of share capital 453 - - - - - - - - 453 shares issued for acquisition of assets 3,320 - - - - - - - - 3,320 share warrants issued - - 20 - - - - - - 20 non-controlling interest on acquisition - - - - - - - - 620 620 foreign exchange movements (1,000) - (179) - 932 - - - - (247) derecognition of rome resources ltd equity at acquisition (14,715)  (1,975)   16,979 (289) - - -- recognition of rome resources plc equity at acquisition 19,243 15,402 43 11  (34,699)  - - - issue of shares for acquisition 2,352 - - - - (4,437) - 4,703 - 2,618 issue of placing shares - net of share issue costs 2,663 4,982 - - - - - - - 7,645 warrants issued on placing - (616) - 616 - - - - - - warrants issued on acquisition - - - 1,395 - - - - - 1,395 warrants lapsed - - - (11) 11 - - - - - balance at 31 december 2024 24,257 19,768 43 2,011 (14,989) (22,157) (289) 4,703 620 13,967 total comprehensive loss for the year - - - - (560) - - - - (560) issue of share capital 13 20 - - - - - - - 33 share options expired - - (24) - 24 - - - - - foreign exchange movements - - - - - - (452) - - (452) balance at 30 june 2025 24,270 19,788 19 2,011 (15,525) (22,157) (741) 4,703 620 13,967    consolidated statement of cash flows for the period ended 31 december 2024  note 6 months ended 30 june 2025 (unaudited) 6 months ended 30 june 2024 (unaudited) 15 months ended 31 december 2024 (audited)    £'000 £'000 £'000 cash flows from operating activities      loss before tax  (560) (214) (4,780)      adjustments for:      finance income  (18) - (9) reverse acquisition expense  - - 2,463 share-based payments  - - 1,413 share of losses in associate  - - - gain on settlement of accounts payable  - - - unrealised foreign exchange movements  (98) (35) (76) net cash flow from operating activities before changes in working capital   (676) (249) (989)      changes in working capital:      increase/(decrease) in trade and other payables  (589) 52 702 (increase)/decrease in trade and other receivables  24 (113) (326) net cash flow used in operating activities   (1,241) (310) (613)        cash flow from investing activities      purchase of plant and equipment   - - (9) cash acquired on acquisition   - - 20 exploration expenditure   (1,734) (886) (4,042) acquisition of associate company   - - - interest received  18 - 9 net cash flow from investing activities   (1,716) (851) (4,022)        cash flow from financing activities      proceeds arising as a result of the issue of ordinary shares  - - 8,260 costs related to issue of ordinary share capital  (210) - (555) proceeds from borrowings  - 1,156 1,362 repayment of borrowings  - (58) - net cash flow from financing activities   (210) 1,098 9,067      net increase/(decrease) in cash and cash equivalents in the period   (3,136) (63) 4,432 cash and cash equivalents at beginning of the period  4,485 74 53 cash and cash equivalents at end of the period  1,349 11 4,485          1. accounting policies   basis of preparation these unaudited consolidated interim financial statements ("interim financial statements") for the six months ended 30 june 2025 have been prepared in accordance with the requirements of the aim rules for companies (the "aim rules"). as permitted, the group has chosen not to adopt ias 34 'interim financial statements' in preparing this interim financial information. the interim financial statements should be read in conjunction with the annual financial statements for the year ended 31 december 2024, which have been prepared in accordance with international accounting standards in accordance with the requirements of the companies act 2006 applicable to companies reporting under ifrs.   the current group was formed through a reverse takeover ("rto") acquisition by the company of rome resources ltd and its subsidiaries on 26th july 2024.  the interim financial statements of rome resources plc are unaudited financial statements for the six months ended 30 june 2025.   comparatives   the accounting resulting from the rto acquisition causes the comparative amounts to be restated. as a result, the comparatives consist of the six months ended 30 june 2024 compiled from the accounting records of the accounting acquirer (rome resources ltd), which were not previously published, and the audited 15-month period to december 2024, as presented in the audited annual financial statements.   comparatives are presented as a continuation of the accounting acquirer using the legal parent's equity structure. the reverse acquisition reserve at 30 june 2024 differs from that reported at the rto date in the 2024 annual financial statements due to movements in the accounting acquirer's share capital and premium between 1 january 2024 and the rto date, and other presentation reclassifications.   the accounting policies applied in preparing these financial statements are consistent with those applied in the previous annual financial statements for the period ended 31 december 2024.   going concern   given the nature of the company's operations (namely early-stage exploration and evaluation) it is anticipated that the company will need to raise additional capital in the near future to further develop its existing portfolio of assets beyond the recently completed drilling campaign and resource definition works. the timing and quantum of any further fundraise will be dependent upon, amongst other factors, the results of the recently completed drilling.   given the level of support for the rto acquisition and the accompanying placing, the subsequent placing in december 2024, the initial drilling results achieved, the supply / demand outlook for tin and the proximity of the group's assets to nearby significant tin mining assets, the directors are confident that the group will be able to raise further funds to continue to develop the group's assets and build-up their value in the future.  as such these results have been prepared on a going concern basis.         2. share capital   called up, allotted, issued and fully paid share capital group no. ordinary shares no. deferred shares share capital £'000 share premium £'000 total at 30 september 2023 86,265,939 - 11,942 - issue of shares in the period 34,085,000 - 3,773 - foreign exchange difference  - (1,000) - total at date of rto 120,350,939 - 14,715 - transfer to reverse acquisition reserve on rto (120,350,939) - (14,715) - share capital of the company at acquisition 1,057,494,834 183,688,116 19,243 15,402 26 july 2024 - acquisition 2,351,657,348 - 2,351 - 26 july 2024 - placing 1,462,712,425 - 1,463 1,591 30 december 2024 - placing 1,200,000,000 - 1,200 2,775 total at 31 december 2024 6,071,864,607 183,688,116 24,257 19,768 30 march 2025 12,661,325 - 13 20 total at 30 june 2025 6,084,525,932 183,688,116 24,270 19,788 on 30 march 2025 12,661,324 ordinary shares were issued to a supplier in lieu of certain fees and interest totalling £32,286.  the shares were issued at a price of 0.255 pence per share.   share options & warrants in issue share options exercise price grant date expiry date at 1 january 2025 issued / (lapsed) at 30 june 2025 0.75p 11 may 2020 30 june 2025 10,000,000 (10,000,000) - 0.75p 4 august 2020 30 june 2025 6,000,000 (6,000,000) - 0.75p 9 june 2021 30 june 2025 6,000,000 (6,000,000) - 0.75p 23 june 2021 30 june 2025 3,000,000 (3,000,000) - 0.75p 4 october 2021 30 june 2025 5,000,000 (5,000,000) - 1.00p 1 september 2023 5 october 2026 15,000,000 - 15,000,000 0.50p 1 september 2023 5 october 2026 5,000,000 - 5,000,000 cad$0.26(1) 26 july 2024 9 february 2026 61,551,000 - 61,551,000 cad$0.26(1) 26 july 2024 27 april 2026 9,770,000 - 9,770,000 cad$0.26(1) 26 july 2024 6 november 2026 4,885,000 - 4,885,000    126,206,000 (28,000,000) 98,206,000 (1)    as part of the rto transaction, certain options issued by rome resources ltd were replaced with options in the company.  exercise prices and expiry dates were unchanged, with the number of replacement options being based on the existing options adjusted by the rto exchange ratio.   share warrants exercise price grant date expiry date at 1 january 2025 issued / (lapsed) at 30 june 2025 0.45p 26 july 2024 26 july 2026 212,500,000 - 212,500,000 0.30p 26 july 2024 26 july 2029 678,917,878 - 678,917,878 0.35p 27 december 2024 27 december 2029 221,544,334 - 221,544,334 0.50p 30 december 2024 30 december 2027 1,200,000,000 - 1,200,000,000 cad$0.30(1) 26 july 2024 9 june 2025 42,988,000 (42,988,000) - cad$0.25(1) 26 july 2024 18 november 2025 70,344,000 - 70,344,000    2,432,594,212 (42,988,000) 2,389,606,212 (1)        as part of the rto transaction, certain warrants issued by rome resources ltd were replaced with warrants in the company.  exercise prices and expiry dates were unchanged, with the number of replacement warrants being based on the existing options adjusted by the rto exchange ratio. 3. trade and other receivables   6 months ended 30 june 2025 (unaudited) 6 months ended 30 june 2024 (unaudited) 15 months ended 31 december 2024 (audited)  £'000 £'000 £'000 other debtors 66 25 96 vat 229 104 178 prepayments 7 - 52  302 129 326     4. trade and other payables current 6 months ended 30 june 2025 (unaudited) 6 months ended 30 june 2024 (unaudited) 15 months ended 31 december 2024 (audited)  £'000 £'000 £'000 trade creditors 187 248 611 social security and other taxes 3 - 5 other creditors - - 120 accruals and deferred income - - 375 borrowings - 1,823 -  190 2,071 1,110     non-current 6 months ended 30 june 2025 (unaudited) 6 months ended 30 june 2024 (unaudited) 15 months ended 31 december 2024 (audited)  £'000 £'000 £'000 borrowings 245 - 254  245 - 254       5. exploration and evaluation assets     non-current 6 months ended 30 june 2025 (unaudited) 6 months ended 30 june 2024 (unaudited) 15 months ended 31 december 2024 (audited) cost £'000 £'000 £'000 exploration and evaluation assets 11,762 8,991 10,511  11,762 8,991 10,511   exploration and evaluation assets relate to two properties situated in the walikale district of the north kivu province in eastern democratic republic of congo, namely exploration permits pepm 13274 and pr 15130, collectively known as the bisie north project  bisie north, principally a tin exploration project with secondary copper, zinc and silver, is situated only 8km along geological strike from the alphamin bisie project, the highest grade tin mine in the world.  tin and copper soil anomalies were identified by the company on two nw-se trending topographic ridges both situated within the company's licence area.  an initial drilling programme in 2023 identified several high-grade tin intercepts on both the mont agoma the kalayi prospects, with significant intercepts of copper and zinc also encountered in several mont agoma drillholes.  further drilling was undertaken during 2024 and has continued into 2025 on both licences.   the most significant judgement for the group is the assumption that exploration and evaluation at the group's projects will ultimately lead to a commercial mining operation, which includes the assumption that any licences held will be renewed as required upon expiry.  the directors consider a number of factors when assessing whether any impairment is required in relation to these assets, including:   ·      results of exploration work to date; ·      licence renewal status, with a presumption that licences will be renewed but consideration given to any possible issues in respect of the periodic renewal process; ·      the market for the underlying resources; ·      comparative valuations of similar assets as they are announced to the stock market; while there is no confirmed resource on the licences as yet, given the stage of the evaluation process, there are strong indications of one based on the drilling results to date.   based on these factors the directors do not believe there is an impairment in the valuation of the group's exploration and evaluation assets.   6. events after the reporting date there have been no events subsequent to the period end which require adjustment of or disclosure in the financial statements or notes thereto.   this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   ir qklfleklbbbk return to news summary

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