Oriole Resources plc will issue a total of 7,655,885 ordinary shares to members of the board in relation to £21,000 gross salary foregone during Q1 2023. PRICE The shares will be issued at a price of 0.17p which is a 13% premium to the previously agreed pricing under the six-month salary sacrifice scheme agreed in […]
Tag: Oriole Resources plc
Oriole receives £157,000 tax rebate for R&D
Oriole Resources plc has received a £157,000 tax rebate in respect of geoscientific advances through the company’s exploration programmes in West Africa. GEOLOGICAL DATA The money is from the company’s research and development tax relief claim for the year ended 31 December 2022. Oriole said that the rebate reflected its research on potential areas of mineralisation […]
Oriole targets $1m to develop CLP gold licences
Oriole Resources plc aims to secure US$1 million investment for exploration on its five gold licences in the eastern Central Licence Package, central Cameroon. TERMS The company said it was transferring its 90% project interest into a sub-holding company, NewCo, to enable the investment and advance exploration while minimising equity dilution for shareholders. Oriole has […]
Oriole completes Mbe geophysics
Oriole Resources plc has completed a ground-based geophysics programme over the main gold target at Mbe as it awaits multi-element analysis from lithium targeting on Ndom, within the Eastern Central Licence Package (CLP) in Cameroon. DRILL TARGETS The programme was over the entire gold-anomalous zone at the Mbe licence to test the local and regional […]
Oriole records £1.45m impairment from Hodine
Oriole Resources plc recorded a £1.45 million impairment, comprising 92% of overall losses, from its holding gold interests in Egypt. FINANCES The group’s main operations are exploration projects in Cameroon, partner exploration activities in Senegal, and the management of its investment and royalty positions. The final results for the year ended 31 December 2022 showed total loss for […]
Oriole finds fresh signs of new gold district at Mbe
Oriole Resources plc reported further high grade golds and notable mineralisation from additional rock-chip sampling results at the Mbe licence on its Central Licence Package (CLP) in Cameroon. BULK DEPOSIT The results are from 27 selective rock-chip samples taken from outcropping rocks in a structural corridor at Mbe, one of five licences within the Eastern […]