Oriole Resources PLC is an AIM-listed exploration company, operating in West Africa.
Oriole Resources PLC is predominantly focussed on early-stage gold exploration in Cameroon, where the Company has a Resource of 375,000 oz Au at 2.30g/t in the JORC Inferred category at the Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi project and Mbe project by funding Signature payments of US$500k and US$1 million respectively, up to US$4m in exploration expenditure at each project, and JORC resource-based success payments at each project.
At the more advanced Senala gold project in Senegal, AGEM Senegal Exploration Suarl (‘AGEM’), a wholly-owned subsidiary of Managem Group, spent approximately US$5.8 million on the project during an Option Agreement period. AEGM is estimated to have a beneficial ownership of c.59% of the project, and discussion on the next steps is underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.
Oriole has a highly experienced Board and management team, with a proven track record of discovering, exploring, and developing world-class assets as well as delivering shareholder value through multi-million dollar project- and company-level transactions.
The size of a blackbird, the male Golden Oriole has an unmistakable bright yellow body with black wings. The genus has African and Eurasian species, mirroring the Company’s geographical foci.
First described by the Swedish naturalist Carl Linneus in 1758, the Eursian Golden Oriole (Oriolus oriolus) breeds throughout Europe and parts of Asia (including Turkey) during the summer and migrates to parts of central Africa for winter, travelling as far south as Kenya and Tanzania.
The African Golden Oriole (Oriolus auratus Vieillot) wasn’t identified until almost 60 years later, in Ghana. It is native to many of the countries Oriole Resources has projects and investments in, including Cameroon and Senegal.