Director/PDMR Dealings

Oriole Resources

24/04/2026 15:54

RNS Number : 8959B

Oriole Resources PLC

24 April 2026

 

Oriole Resources PLC

("Oriole" or the "Company")

 

Director/PDMR Dealings

 

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration and development company focused on Central and West Africa, announces that, on 24 April 2026, the following transactions were completed by Directors of the Company:

 

a)    In order to effect a 'Bed and ISA' transaction, Claire Bay, Executive Director, Exploration, has sold 2,941,618 Ordinary Shares in the Company at a price of 0.34 pence per share from her personal holding and immediately purchased 2,939,132  shares at a price of 0.34 pence per share into her Individual Savings Account.

 

b)    In order to effect a 'Bed and ISA' transaction, Robert Smeeton, Chief Financial Officer, has sold  5,882,795 Ordinary Shares in the Company at a price of 0.34 pence per share from his personal holding and immediately purchased 5,879,867 shares at a price of 0.34 pence per share into his Individual Savings Account.

 

Following these transactions, which are further detailed in the PDMR Notification Forms below, Robert Smeeton's ultimate beneficial ownership is 46,999,190 Ordinary Shares, representing 0.96% of the Company's issued share capital, and Claire Bay's ultimate beneficial ownership is 16,293,763 Ordinary Shares, representing 0.33% of the Company's issued share capital.

 

Enquires:

 

Oriole Resources PLC
Martin Rosser / Bob Smeeton / Claire Bay
Tel: +44 (0)23 8065 1649
Strand Hanson (Nomad & Broker)
Christopher Raggett / James Spinney / Edward Foulkes
Tel: +44 (0)20 7409 3494
IFC Advisory Ltd (Financial IR & PR)
Tim Metcalfe / Graham Herring / Florence Staton
Tel: +44 (0)20 3934 6632
oriole@investor-focus.co.uk

 

Notes to Editors:

 

Oriole Resources PLC is an AIM-quoted gold exploration and development company, with projects in Central and West Africa.  It is currently focused on Cameroon.

 

At its district scale Central Licence Package, the Company has identified multi-kilometre long gold anomalies, including at its flagship Mbe project.  At Mbe, the Company has published a global JORC Inferred MRE of 1.23Moz contained gold at MB01, consisting of 870koz at 1.09g/t Au for the MB01-S deposit, and 360koz at 1.05g/t Au for the MB01-N deposit.  A fully funded 2,500m step out drilling programme is underway at MB01-S with the aim of further increasing the total resource at Mbe.  Following the completion of the MB01-N drilling programme, and by meeting various financial commitments, BCM has earned a 50% interest in the Mbe project.  Drafting of a JV partnership agreement is in progress.

 

The Company has also reported a resource of 460,000oz contained gold at 2.06g/t Au in the JORC Indicated and Inferred categories at its 50% owned Bibemi project, where it has applied for an Exploitation Licence.  In November 2025, BCM completed its earn-in to give it a 50% interest in Bibemi by meeting certain payment conditions, including spending US$4 million on exploration.  

 

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly owned subsidiary of Managem Group, has completed a six-year earn-in to acquire an approximate 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million.  The Company has reported a Resource of 155,000oz contained gold at 1.26g/t Au (using a gold price of US$1,800/oz)  in the JORC Inferred category for the Faré South prospect, and an additional, complementary Exploration Target range of 17Mt to 24Mt at a grade of 0.69g/t to 0.84g/t Au for 380,000oz to 650,000oz contained gold for all prospects at Senala.  Best results to date include 20.00m grading 31.13 g/t Au, including 10.00m grading 60.98 g/t Au from RC drilling and 59.60m grading 2.20 g/t Au from diamond drilling.  Discussions on the formation of a joint venture company are currently underway.

 

The Company also has several interests and royalties in companies operating in East Africa and Turkey that could give future cash payments.

 

For further information please visit www.orioleresources.com,  @OrioleResources on X.

 

ANNEX - PDMR notifications

 

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Robert Smeeton
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Oriole Resources PLC
b)
LEI
213800X32GJR5AGAR511
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 0.1 pence each in the capital of the Company
Identification code
Ordinary share ISIN: GB00B0T29327
b)
Nature of the transaction
1. Sale of Ordinary Shares
2. Purchase of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. 0.34p
5,882,795
2. 0.34p
5,879,867
d)
Aggregated information
- Aggregated volume
Aggregate share purchases: N/A - single transaction
Aggregate share sales: N/A - single transaction
- Price
e)
Date of the transaction
24 April 2026
f)
Place of the transaction
London Stock Exchange, AIM

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Claire Bay
2
Reason for the notification
a)
Position/status
Executive Director, Exploration
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Oriole Resources PLC
b)
LEI
213800X32GJR5AGAR511
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 0.1 pence each in the capital of the Company
Identification code
Ordinary share ISIN: GB00B0T29327
b)
Nature of the transaction
1. Sale of Ordinary Shares
2. Purchase of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. 0.34p
2,941,618
2. 0.34p
2,939,132
d)
Aggregated information
- Aggregated volume
Aggregate share purchases: N/A - single transaction
Aggregate share sales: N/A - single transaction
- Price
e)
Date of the transaction
24 April 2026
f)
Place of the transaction
London Stock Exchange, AIM

 

 

 

 

 

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