Resource Mining Corporation (ASX:RMI) announcement overview

Resource Mining Corporation Limited (ASX:RMI) has reported very high-grade copper-gold laboratory results from ongoing exploration at the 75%-owned 1,056 km2 Mpanda Copper-Gold Project in Tanzania. The rock samples returned spectacular gold and copper grades, with the latest results indicating the presence of gold and copper mineralisation in the project areas ranging in grades from 0.5 g/t gold to 36.7 g/t gold and 0.3% to almost 12% copper. The Company's Executive Chairman, Asimwe Kabunga, expressed confidence in identifying significant copper-gold projects at Mpanda in the near future.

Executive Chairman's perspective on exploration results

Ongoing exploration activities at our highly prospective Mpanda Copper-Gold Project continue to produce spectacular high grades and they are helping the Company define multiple opportunities for potential exploitation of major resources within our extensive tenement package. Our goal is to identify one or more significant Copper-Gold projects at Mpanda in the near-future and we have every confidence that we can achieve this. More comprehensive drilling is planned following completion of current work streams which includes auger drilling, more soil and rock chip sampling and trenching to define all anomalous areas within our tenements. Mpanda is clearly a richly endowed mineralised system. The extensive number of small scale operations demonstrate that systematic, modern exploration will define much larger scale Copper-Gold systems.

Exploration results and future outlook

The latest laboratory results confirm a further three major soil anomalies, adding to the five copper soil anomalies within the Mpanda Prospect mineralised for Cu-Au. Further soil sampling north of the Mpanda Ndogo anomaly has located additional areas of anomalous copper. All exploration completed to date has confirmed the presence of numerous Cu-Au soil anomalies, providing a platform for the definition of future drill programs and resource development. Resource Mining Corporation's ambition is to establish a long-term business model based on mineral development, delivering consistent shareholder value while operating sustainably within the community and environment in which they operate. The Company is currently exploring for critical minerals, namely Copper and Nickel in Tanzania and Lithium in Finland, with a strong focus on establishing significant projects at Mpanda in the near future.