Oriole Resources plc said it was seeking an investment partner for its lithium project in the 4,091km2 Central Licence Package (90%) in Cameroon. ANOMALY Of the nine licences originally chosen for orogenic gold mineralisation and other minerals, Ndom and Gamboukou in the Eastern CLP have shown lithium-bearing pegmatites from mapping and sampling. Chief executive officer […]
Tag: Oriole Resources plc
Oriole to define more targets and extend Bibemi MRE
Oriole Resources plc has progressed work to define further targets and extend the mineral resource estimate (MRE) at its 90%-owned Bibemi orogenic gold project in north Cameroon. BIBEMI The 177km2 project holds an identified shear-hosted gold mineralisation at four main prospects of Bakassi Zone 1, Bakassi Zone 2, Lawa West and Lawa East. December 2022’s inaugural JORC MRE showed 305,000 […]
Oriole issues 165.5m share options
Oriole Resources plc’s board of directors has agreed further salary sacrifice and new share option remuneration plans for staff and local employees in the company’s Cameroon gold projects. SALARY SACRIFICE The agreement follows completion last month of a share-based salary sacrifice scheme resulting in the entire board taking shares in the company in lieu of […]
Oriole sampling shows evidence of Mbe gold size-grade
Oriole Resources plc said it had found further evidence of the size and grade of the gold anomaly from pilot channel sampling at Mbe within the Central Licence Package (CLP) in Cameroon. DRILL TESTING Mbe is one of five licences in the Eastern CLP, with the overall package prospective for a range of commodities including orogenic-style […]
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 issues 2m shares for salary sacrifice
Oriole Resources plc said it would issue a total 2,116,259 ordinary shares to members of the board in relation to £7,000 of gross salary foregone during April 2023. The shares will be issued at a 25% premium to their previously agreed pricing under the six-month salary sacrifice scheme. Oriole added that, due to the increase […]