Resource Mining Corporation Limited announced that it has completed its maiden RC drilling program at its Kabulwanyele Project. The completed program comprised 19 holes for a total of 799m drilled. Geological logging of the RC chips has identified a lateritic profile comprising intercepts of ferruginous layers, saprolite (highly weathered rocks), saprolitic rocks (moderately weathered rocks) and fresh rock.

The thickness of the ferruginous layer combined with saprolite /saprolitic rock layers ranges between 5m to 50m. Most of the holes ended in fresh rock. The drill holes to the north have generally not ended in fresh rock due to groundwater inundation that the RC rig is unable to clear through increased air pressure ­ so those holes have ended predominantly in saprolitic rock.

The samples collected from the drilling program have been dispatched to Nesch Mintek Mwanza for preparation before being shipped to the ALS Chemex South Africa for analysis. The assay results are expected in the next two months. A gravity survey program has been proposed to determine the size and characteristics of the deeply buried mafic-ulframafic inlier that has been weathered to form the identified nickel laterite anomalies.

The program will commence in the next two weeks. The Gravity survey has the potential to define further targets associated with primary magmatic sulphide mineralization, these can be followed up by a ground Electromagnetic (EM) survey that would aid in the identification of any conducting sulphide layers that may exist at depth. Any combination of targets identified by the Gravity and EM surveys would then be drill tested using deeper diamond drilling.

Kabulwanyele is a lateritic occurrence overlying a mafic-ultramafic layered intrusion. The nature of the exploration to date confirms the potential for both lateritic nickel zones as well as an underlying nickel-enriched source within the mafic-ultramafic inlier. The Project is located in the Mpanda District of Tanzania, approximately 35km from the eastern shore of Lake Tanganyika, with the area forming part of the western limb of the East African Rift systems. As background, in 2021 the Company conducted a sampling program that included a systematic collection of 254 soil samples and 19 rock chip samples from all tenements at the Project.

All samples collected from this anomaly returned grades equal to, or exceeding, 500ppm Ni and 200ppm Co, with grades of up to 1.27% Ni tested in a rock sample, and up to 0.85% Ni in soils 1. Kabulwanyele is a lateritic occurrence overlying a mafic-ultramafic layered intrusion. The nature of the mineralisation present confirms the potential for both a possible lateritic nickel zone as well as an underlying nickel-enriched source within the serpentinite. Evidence for sulphide mineralization is supported by gossan-type box work structures seen within the ultramafic rock units.