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.