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: Oriole Resources plc
Oriole’s partner starts infill sampling at Mbe
Oriole Resources plc reported the start of infill sampling at the early-stage 312km2 Mbe gold project on the Eastern Central Licence Package in Cameroon. ANOMALISM The company believes it has identified targets “indicative of a corridor of gold mineralisation” running across all five of its Eastern CLP licences. Earn-in partner BCM International Ltd completed its […]
Oriole earn-in partner completes option term at Senala
Oriole Resources plc earn-in partner has completed its six-year term and is expected to hold 59% of the Senala gold project in Senegal. DISCUSSIONS Managem Group confirmed to the company that, since the 2018 option agreement, its subsidiary AGEM Senegal Exploration Suarl had spent US$5.8 million on the project. AGEM’s beneficial ownership in the Senala […]
Oriole issues 13.8m shares in warrant exercise
Oriole Resources plc noted an exercise of warrants over 13,888,888 new ordinary shares of 0.1p each in the company at an exercise price of 0.25 per ordinary share. Following admission, the company’s issued share capital will be 3,895,872,338 ordinary shares. A total 157,555,555 warrants and 264,526,245 options over ordinary shares, representing approximately 10.8% of the company’s […]
Oriole directors exercise warrants over 17.4m shares
Oriole Resources plc received notice that four directors exercised warrants over a total 17,444,445 new ordinary shares of 0.1p each at an exercise price of 0.25 pence per share. Independent non-executive director Eileen Carr received 9.5 million shares; chief executive officer Tim Livesey (2,777,778); chief financial officer Robert Smeeton (3.5m) and executive director, exploration & business […]
Oriole notes strong due diligence results at Mbe
Oriole Resources plc reported strong results from due diligence sampling at its 90%-owned Mbe orogenic gold project in Cameroon. DILATION Joint venture BCM International Ltd, already signed to the Bibemi project, completed the work as part of the conditional earn-in agreement. The Australian company collected 639 in-situ pit (channel chip) and outcrop (rock chip) samples […]