Driving sustainable investment in African Mining

Oriole Resources PLC

Stand: ES9
  • Mining Company

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.  It has first mover advantage in highly prospective Cameroon, where it has the dominant gold exploration land holding area.  Through its 100%-owned subsidiary company OrrCam2 SARL, it has a 50% interest in the Bibemi gold project in northern Cameroon, its most advanced gold asset.  The remaining 50% interest is owned by BCM International Limited, following the completion of an Earn-In Agreement by spending up to US$4m in exploration expenditure and making JORC resource-based success payments.  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.  An Exploitation licence application is underway with the Company recently completing a Preliminary Economic Assessment (PEA) and receiving approval of an Environmental and Social Impact Assessment (ESIA) Study in Q4-2025.  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.
Location
Eastleigh, United Kingdom

Website
www.orioleresources.com

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