RMI Advances Saudi Gold and Copper Targets with Multi-Project Drilling Plans

Saudi Arabia Projects Uncover Structural Gold and Copper-Molybdenum Targets

Resource Minerals International Ltd (ASX:RMI) has completed high-resolution ground magnetic surveys across its Shaib Marqan and Wadi Salamah projects in central Saudi Arabia, delineating multiple fault systems and structural corridors prospective for gold and copper-molybdenum mineralisation. The Shaib Marqan survey, covering 91.8 km², identified seven major fault systems with a strong spatial correlation between magnetic anomalies and historic high-grade surface gold samples up to 40.35 g/t Au. Four priority target zones (Z1–Z4) have been defined for immediate follow-up, including a planned 5,000-metre drill program starting in Q3 2026.

At Wadi Salamah, a 98.7 km² ground magnetic survey revealed two massive, deep-seated magnetic anomalies interpreted as large intrusive bodies with porphyry copper-molybdenum potential. Six major regional faults associated with the prolific Najd Fault System were mapped, and three priority drill targets identified. The company is finalising a 5,000-metre diamond and RC drilling campaign to test extensions of surface gold mineralisation and the core of copper-molybdenum targets. These results build on earlier findings and validate RMI’s strategy of targeting high-value structural and magmatic corridors within the Arabian Shield, a prolific mineral province. The planned drilling programs follow the company’s recent High-Grade Copper-Molybdenum-Gold Potential Identified announcement outlining the Wadi Salamah targets.

Tanzania Drone Survey Confirms Copper-Gold Target Extensions at Mpanda

In Tanzania, RMI completed a high-resolution drone magnetic survey at its 75%-owned Mpanda project, covering the Kabungu, Ibindi, and Kabatini prospects. The survey confirmed numerous structural targets consistent with previous soil geochemical anomalies and reverse circulation drilling results, including significant intercepts such as 4m at 2.5 g/t Au and 0.5% Cu. The structural interpretation highlights shear zones and fault intersections conducive to hydrothermal mineralisation. A 6,000 to 10,000-metre aircore and RC drilling program is planned for Q3 2026, with field verification underway to prioritise targets. These developments extend the company’s footprint in the Ubendian Orogenic Belt, a major metallogenic province for copper and gold in central Africa. This initiative aligns with the company’s recent Magnetic survey extends Mpanda copper-gold target zone update.

Lithium Drilling at Köyhäjoki Resumes After Weather Delay

RMI’s Finnish lithium exploration at the Köyhäjoki permit has been temporarily halted due to adverse weather conditions but is scheduled to resume in Q2 2026. The shallow drilling program targets pegmatite-hosted lithium mineralisation in a region known for significant lithium deposits. This complements the company’s broader strategy to diversify its critical mineral portfolio beyond precious metals.

Financial Position and Funding

During the March quarter, RMI spent approximately A$399,000 on exploration activities, with no expenditure on mine production or development. The company ended the quarter with A$212,000 in cash and access to a A$5 million funding facility, providing an estimated 10 quarters of operational funding at current expenditure levels. Additionally, a recent unsecured interest-free loan of $170,000 was received from a director. This financial position supports the imminent drilling campaigns across Saudi Arabia and Tanzania. The funding context is reinforced by the company’s recent Resource Minerals Secures $3.5M for Tanzania and Saudi Drilling share placement aimed at advancing these projects.