Oriole Resources PLC (LON:ORR)

Oriole Resources PLC is an AIM-listed gold exploration company, focused on Cameroon and West Africa.

Our main activity is exploration in Cameroon, where the Company has a Mineral Resource estimate of 460,000 oz contained Au at 2.06g/t in the JORC Indicated and Inferred categories at the Bibemi project and has identified a highly prospective target now being drilled at Mbe within the district-scale Central Licence Package project. At Mbe, the Company has published a maiden Exploration target range of 33 to 44Mt at a grade of 0.77 to 0.95g/t Au for 0.82 to 1.34Moz contained gold for the MB01 prospect, and a maiden Resource for the MB01-S target is scheduled for Q4-2025. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5 million in signature payments, up to US$8 million in exploration expenditure, as well as JORC resource-based success payments. 

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl (‘AGEM’), a wholly owned subsidiary of Managem Group, has completed a six-year earn-in to acquire an approximate 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million.  The Company has reported a Resource of 155,000oz contained gold at 1.26g/t Au in the JORC Inferred category for the Faré South prospect, and an additional, complementary Exploration Target range of 17 to 24Mt at a grade of 0.69 to 0.84g/t Au for 380,000 to 650,000oz contained gold for all prospects at Senala.  Discussions on the formation of a joint venture company are currently underway.  The Company also has several interests and royalties in companies operating in East Africa and Turkey that could give future cash payments.