RCS - Oriole Resources PLC - SP Angel Analyst Coverage

Oriole ResourcesAnnouncement

21/11/2023 15:15

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RNS Number : 1801U  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/
(https://orioleresources.com/investors/analyst-coverage/) .

 

** ENDS **

 

For further information please visit www.orioleresources.com
(http://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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