REG - Oriole Resources PLC - Posting of Annual Report

Oriole ResourcesAnnouncement

22/05/2024 07:00

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RNS Number : 3708P  Oriole Resources PLC  22 May 2024

Oriole Resources PLC

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

 

Posting of Annual Report, Notice of AGM

and Shareholder Presentation

 

Oriole Resources, the AIM-quoted exploration company focused on West Africa,
announces that copies of its Annual Report for the financial year ended 31
December 2023, which includes a Notice for the forthcoming Annual General
Meeting ('AGM') of the Company and a Form of Proxy, have been posted to its
shareholders. At the AGM, the Executive Directors will make a presentation
about the Company and its projects. The Annual Report is available on the
Company's website www.orioleresources.com (http://www.orioleresources.com) .

As previously announced, the Company's AGM will be held at 11.00 am on 24 June
2024 at the offices of Grant Thornton UK LLP, located at 30 Finsbury Square,
London, EC2A 1AG. The Company encourages all shareholders to vote using the
Form of Proxy in advance of the meeting date.

The Directors believe that the passing of all Resolutions is in the best
interests of the Company and its shareholders and therefore, the Directors
unanimously recommend that the shareholders vote in favour of the Resolutions,
as they intend to do in respect of their own shareholdings.

 

 

 

** ENDS **

 

For further information please visit www.orioleresources.com
(http://www.orioleresources.com/) , @OrioleResources on Twitter, or
contact:

 

 Oriole Resources PLC                                  Tel: +44 (0)20 7830 9650

 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 / Kasia Brzozowska

 

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 reported a Resource of 375,000 oz 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 projects in
return for a combined investment of US$1.5 million in signature payments
(which has already been received), 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 operating in East Africa and Turkey that could deliver future
cash flow.

 

 

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