REG - Oriole Resources PLC - Director/PDMR Dealings

Oriole ResourcesAnnouncement

24/04/2026 16:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260424:nRSX8959Ba&default-theme=true

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                                   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 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
(http://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

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHAKQBPQBKDKQB



            Copyright 2019 Regulatory News Service, all rights reserved