RCS - Oriole Resources PLC - Mbe North Drilling Progress Update

Oriole ResourcesAnnouncement

Tue 07:00

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RNS Number : 5335M  Oriole Resources PLC  23 December 2025

REACH

Oriole Resources PLC

('Oriole' or the 'Company')

 

Mbe North Drilling Progress Update

 

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company
focused on West and Central Africa, is pleased to provide a progress report on
the maiden drilling programme at its MB01-N gold prospect, as announced on 24
November 2025.

 

The drilling is progressing well and has already passed 30% completion of the
planned 2,950m total programme.  We look forward to reporting the first batch
of drill hole assay results in the New Year.

 

Oriole would like to wish all of its shareholders and stakeholders a very
happy festive season.

 

Enquires:

 

 Oriole Resources PLC                                   Tel: +44 (0)23 8065 1649

 Martin Rosser / Bob Smeeton / Claire Bay

 Strand Hanson (Nomad & Broker)                         Tel: +44 (0)20 7409 3494

 Christopher Raggett / James Spinney / Edward Foulkes

 IFC Advisory Ltd (Financial IR & PR)                   Tel: +44 (0)20 3934 6632

 Tim Metcalfe / Graham Herring / Florence Staton        oriole@investor-focus.co.uk

 

Notes to Editors:

 

Oriole Resources PLC is an AIM-quoted gold exploration company, with projects
in West and Central Africa.  It is focused on early-stage exploration
in 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 JORC Inferred MRE of 870,000oz at
1.09g/t Au for the MB01-S zone, and an Exploration Target range of 15Mt to
20Mt at a grade of 0.77g/t to 0.94g/t Au for 370,000oz to 605,000oz contained
gold for the MB01-N zone.  A fully funded maiden drilling programme commenced
in November 2025 at MB01-N with the aim of converting the existing Exploration
Target to a Resource.  BCM is nearing completion of US$4 million in
exploration expenditure at Mbe, which will see it earn a 50% interest.

 

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 International completed its earn-in to a 50% interest in
Bibemi by meeting certain payment conditions including spending a further
US$4m 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 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
(http://www.orioleresources.com/) ,  @OrioleResources on X

 

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