Oriole Resources PLC SP Angel Analyst Coverage
21 Noviembre 2023 - 9:03AM
RNS Non-Regulatory
TIDMORR
Oriole Resources PLC
21 November 2023
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
SP Angel Analyst Coverage
Oriole Resources (AIM: ORR), the AIM-quoted exploration company
focussed on West Africa, announces that its broker, SP Angel, has
released analyst coverage following the Company's updates yesterday
on the Heads of Terms agreements signed with BCM International
Limited in relation to the Bibemi and Mbe gold licences in
Cameroon. The coverage is available to view on the Company's
website at https://orioleresources.com/investors/analyst-coverage/
.
** ENDS **
For further information please visit www.orioleresources.com ,
@OrioleResources on Twitter, or contact:
Oriole Resources Plc Tel: +44 (0)23 8065 1649
Tim Livesey / Bob Smeeton / Claire
Bay
BlytheRay (IR/PR Contact) Tel: +44 (0)20 7138 3204
Tim Blythe / Megan Ray
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Samantha Harrison / Ciara Donnelly
SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470
Ewan Leggat / Harry Davies-Ball
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company,
operating in West Africa. It is focussed on early-stage exploration
in Cameroon, where the Company has a maiden Resource of 305,000 oz
Au at 2.19g/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 ('CLP') in
central Cameroon. The Company is currently working towards the
completion of two earn-in agreements with Ghana-based BCM
International Limited ('BCM') to fast track the Bibemi project in
northern Cameroon, and the Mbe licence (part of the CLP), with BCM
committing to signature payments, US$4 million exploration and
resource-based success payments at each project in return for up to
50% ownership. The deals are expected to be completed by the end of
2023.
At the more advanced Senala gold project in Senegal, Oriole was
advised by IAMGOLD on 26 April 2023 that AGEM Senegal Exploration
Suarl ('AGEM') was now a wholly-owned subsidiary of Managem Group.
As previously announced, AGEM has earned an initial 51% beneficial
interest in the Senala Exploration Licence by spending US$4 million
and has the option to spend up to a further US$4 million by 28
February 2024 to earn an additional 19% interest in the licence.
The Company also has several interests and royalties in companies
operating in East Africa and Turkey that could deliver future cash
flow.
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END
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