Strategy & Vision

Oriole Resources is focused on creating shareholder value through the development of quality exploration assets.

Principal Activities

The principal activity of the Group is the exploration and development of gold and other metals in Central and West Africa.

Strategy and Vision

The Company’s strategic intent is to maximise shareholder value, through the exploration and development of assets in highly gold-endowed terranes throughout Africa (e.g. Birimian and Archean). The Company’s main operational focus is in Cameroon, where it has multiple gold assets as well as a marble project. At the flagship Mbe project, in central Cameroon, the Company has published a JORC Inferred Mineral Resource estimate of 1.66Moz contained gold for the MB01 prospect. The Mbe licence is part of a wider, district-scale Eastern CLP land holding, with multiple anomalies identified over a further four contiguous licences that share geological similarities with Mbe. At the more advanced Bibemi project, in northern Cameroon, there is a JORC Indicated and Inferred Mineral Resource of 460,000oz at 2.06g/t Au, and the Company has applied for an Exploitation Licence. Just 20km north of Bibemi is the Company’s Wapouzé marble project, which hosts a maiden JORC Inferred Resource of 32.2Mt with weighted average grades of 50.33wt% CaO, 1.13wt% MgO and 6.06wt% SiO₂, as well as an additional Exploration Target. An Exploiration Licence application has also been submitted for this project.  

The Company also has a non-carried interest in the Senala gold project in Senegal, which is operated by AGEM Senegal Exploration Suarl, a wholly owned subsidiary of Managem Group. The project has a reported 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 within the licence. The Company also has several interests in companies operating in East Africa and Turkey that could give future cash payments.