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Investor Highlights
· Dominant position in Cameroon with highly prospective gold exploration properties.
· Two core projects fully funded with a leading West African mining industry partner.
· Highly experienced mining industry Board and management team.
· Ongoing 7,060m (Phase 5) drilling programme at the Bibemi gold project in northern Cameroon – focused on expanding and upgrading the existing maiden Inferred resource estimate of 375,000 oz grading 2.30 g/t Au
· Exploitation Licence application underway for Bibemi.
· Soil sampling results from the Mbe gold project in central Cameroon have identified three target areas, including a 100 ppb Au in soil anomaly that extends over 1.15 km by up to 0.75km at MB01-S, marking a significant zone of pervasive gold deposition. The core of this anomaly is over 500 ppb Au.
· A 5,500m trenching programme is underway over the anomalism at Mbe.
· Two core projects fully funded with a leading West African mining industry partner.
· Highly experienced mining industry Board and management team.
· Ongoing 7,060m (Phase 5) drilling programme at the Bibemi gold project in northern Cameroon – focused on expanding and upgrading the existing maiden Inferred resource estimate of 375,000 oz grading 2.30 g/t Au
· Exploitation Licence application underway for Bibemi.
· Soil sampling results from the Mbe gold project in central Cameroon have identified three target areas, including a 100 ppb Au in soil anomaly that extends over 1.15 km by up to 0.75km at MB01-S, marking a significant zone of pervasive gold deposition. The core of this anomaly is over 500 ppb Au.
· A 5,500m trenching programme is underway over the anomalism at Mbe.
About Us
Oriole Resources PLC is an AIM-listed gold exploration company, operating in Africa. It is focussed on early-stage exploration in Cameroon, where the Company has a Resource of 375,000 oz Au at 2.30g/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. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5m in signature payments (which has already been received), up to US$8m in exploration expenditure, as well as JORC resource-based success payments.
The Company also has a significant interest in the Senala gold project in Senegal, where Managem Group’s wholly-owned local subsidiary has recently earned-in to a c.59% interest by spending US$5.8 million, and several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.
The Company also has a significant interest in the Senala gold project in Senegal, where Managem Group’s wholly-owned local subsidiary has recently earned-in to a c.59% interest by spending US$5.8 million, and several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.
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Oriole Resources
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Wessex House Upper Market Street
Eastleigh
Hampshire
SO50 9FD
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