RCS - Oriole Resources PLC - SP Angel Analyst Coverage

Oriole ResourcesAnnouncement

04/10/2024 11:30

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RNS Number : 0250H  Oriole Resources PLC  04 October 2024

Oriole Resources PLC

('Oriole Resources' or 'Oriole' or 'the Company')

 

SP Angel Analyst Coverage

 

Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on
West and Central Africa, announces that its broker, SP Angel, has released
analyst coverage following the Company's recent updates in relation to the Mbe
gold licence 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 X, or contact:

 Oriole Resources Plc                      Tel: +44 (0)23 8065 1649
 Martin Rosser / 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 / Elliot Peters
 SP Angel Corporate Finance LLP            Tel: +44 (0)20 3470 0470

 Ewan Leggat

 

Notes to Editors:

 

Oriole Resources PLC is an AIM-listed gold exploration company, operating
in Central and West Africa.  It is focussed on early-stage exploration
in Cameroon, where the Company has reported a Resource of 375,000oz Au at
2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and
has identified multi-kilometre gold and lithium anomalism within the
district-scale Central Licence Package project.   BCM International is
currently earning up to a 50% interest in the Bibemi and Mbe licences in
return for a combined investment of US$1.5 million in signature payments, up
to US$8 million in exploration expenditure, as well as JORC resource-based
success payments.

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl
('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed
a six-year earn-in to acquire an estimated 59% beneficial interest in the
Senala Exploration Licence by spending US$5.8 million.  A review of
expenditure and discussions on the formation of a joint-venture company are
currently underway.  The Company also has several interests and royalties in
companies active in East Africa and Turkey that could deliver future cash
flow.

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