Oriole Resources plc has secured a three-year renewal for its Senala gold exploration licence in Senegal. NEXT STEPS The company holds an 85% interest in Stratex-EMC SA, the holding vehicle for the renewed licence. AGEM Senegal Exploration Suarl, a wholly-owned subsidiary of Managem Group, recently completed a six-year investment to acquire an approximate 59% beneficial interest […]
Tag: Managem Group
Oriole considers future of Senala gold project
Oriole Resources plc is considering its next steps, including a joint venture or sale, for the 472.5km2 Senala gold licence in southeast Senegal. AGREEMENT The company’s existing option agreement for the project with earn-in partner Managem Group is due to expire on 17 February 2024. Oriole said that the Moroccan miner, which purchased the interest […]
Oriole’s new earn-in partner restarts Senala exploration
Oriole Resources plc reported the restart of exploration work by its new earn-in partner at the Senala gold project in Senegal. JOINT VENTURE On 26 April, former Canadian partner IAMGOLD Corporation completed the sale of its Senegal subsidiary AGEM to Moroccan miner Managem Group. Oriole currently has a 41.65% interest in the project. DRILLING Managem […]
Oriole earn-in partner sells Senala gold interest
Oriole Resources plc’s earn-in partner in the Senala gold project has sold its portfolio in Senegal, Mali and Guinea for a total $282 million to Managem Group. OPTION AGREEMENT IAMGOLD Corporation had an option agreement on Senala where it recently earned a 51% initial interest by spending $4m over four years. The Canadian company could […]