Oriole Resources PLC

Ticker: LSE: ORR                                            
Project Name: Bibemi 
Project Location: Cameroon, Senegal 
Commodity Exposure: Gold 
Company & Project Background: Oriole Resources PLC is a LSE AIM-traded gold exploration company, operating in West and Central Africa. Through its 100%-owned subsidiary company OrrCam2 SARL, it has a 90% interest in the Bibemi gold project in northern Cameroon, its most advanced exploration asset. The Company has reported a Mineral Resource Estimate of 6.96Mt at 2.06g/t for 460,000oz contained Au in the JORC Indicated and Inferred categories. In addition, there is a JORC Exploration Target of 3 to 5Mt at 1.50 to 2.50g/t Au for between 145,000 and 400,000oz contained gold which sits outside of the Mineral Resource Estimate. As of 2024, an Exploitation licence application is underway, and BCM International Limited is earning-up to a 50% interest in the project by funding up to US$4m in exploration expenditure and JORC resource-based success payments. The Company also has an approximate 40% interest in the JORC resource-stage Senala project in Senegal, which it owns in partnership with Managem Group.