Oriole Resources plc has signed a definitive earn-in agreement with BCM International Ltd for its 90%-owned Mbe gold licence in Cameroon. OPPORTUNITY The transaction is Oriole’s second after the Bibemi deal signed earlier this month and follows the heads of terms signed in November for both projects. BCM will earn up to a 50% interest in Mbe […]
Tag: Oriole Resources plc
Oriole increases inferred MRE at Bakassi Zone 1
Oriole Resources plc estimates a 23% increase, with “significant potential” to expand, in a revised inferred mineral resource for Bakassi zone 1 within the Bibemi orogenic gold project, Cameroon. TARGETING JORC-compliant 5.1 million tonnes grading 2.30 g/t for approximately 375,000 oz gold is based on a higher gold price. The new MRE forms part of technical studies […]
Oriole signs earn-in for Bibemi
Oriole Resources plc has signed a definitive earn-in agreement with BCM International Ltd for the 177km2 Bibemi orogenic gold project in Cameroon. SIGNIFICANT The transaction follows the heads of terms signed in November for the licence as well as a second at Mbe, for which an agreement is expected later this month. BCM’s US$4 million […]
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 signs non-binding Bibemi-Mbe earn-ins
Oriole Resources plc has signed two non-binding heads of terms with BCM International Ltd for earn-ins at the company’s Mbe and Bibemi orogenic gold licences in Cameroon. MBE The transactions, for up to 50% interest in each licence with the Ghana-based mining and civil contractor, are expected to be executed before the end of the […]
Oriole to raise £1.76m via subscription
Oriole Resources plc aims to raise £1,767,000 through a subscription for 930 million new ordinary shares each of 0.1 in the company by Lanstead Capital Investors L.P. SHARING AGREEMENT The issue price of 0.19 pence represents a 21% premium to the closing mid-market price of 0.15 pence of the ordinary shares on 31 July 2023. […]