Oriole Resources plc said it would write down £1.45 million for the carrying value of its Thani Stratex interest after its investee company relinquished the Hodine gold exploration licence in Egypt. BUSINESS STRUCTURE The licence, containing the Anbat and Hutite projects, lies in the southeast of the country. Oriole holds a 24.94% interest in privately-owned […]
Tag: Oriole Resources plc
Oriole restarts field work at Bibemi-CLP
Oriole Resources plc has restarted field work following the rainy season at its Bibemi orogenic gold and Central Licence Package (CLP) gold projects in Cameroon. BIBEMI The company is currently conducting a pit optimisation study and site visit at Bibemi in the north of the country. The work aims to upgrade a portion of the […]
Oriole extends salary sacrifice scheme
Oriole Resources plc has completed converting the last two tranches of gross salary, totalling £51,000, under its directors’ salary sacrifice scheme which will be extended. COMPANY SHARE The company used the 30-day VWAP on 31 August 2022 (0.1785 pence) and 30 September 2022 (0.194 pence) respectively, for 17,427,633 new ordinary shares of 0.1p each. Following […]
Oriole raises £600,000 via discounted placing
Oriole Resources plc has conditionally raised £600,000 in a placing, including £32,000 as subscriptions by certain directors. DIRECTORS’ DEALINGS The company announced on 28 October, that it will issue in aggregate 500,000,000 new ordinary shares, each at 0.12 pence. The placing price is equal to a 27% discount to the 14-day volume weighted average price […]
Oriole granted two-year extension for Bibemi
Oriole Resources plc has been granted a two-year licence extension for its 90%-owned Bibemi orogenic gold project in Cameroon. PROSPECTS The company said that under Cameroonian law, no mandatory ground relinquishment was required on renewal and the Oriole has maintained the full 177km2 licence area. The extension, which is non-renewable, is valid until 26 September 2024 after […]
Oriole notes stand-alone potential for Faré gold
Oriole Resources plc said that the Faré prospect had the potential to be a stand-alone project at the joint venture Senala gold joint venture in Senegal. FARÉ PROSPECT Earlier this year project partner IAMGOLD began its second option to spend a further US$4m and recently completed 1,307 holes for 10,695m in auger drilling at Faré. […]