Oriole Resources plc reported the conversion of its directors’ sixth tranche of gross salary totalling £7,000 under the company’s extended salary sacrifice scheme. The salary was converted using the 30-day VWAP on 31 December 2022 (0.1558 pence) to 2,725,021 new ordinary shares of 0.1p each in the company. Name Number of Ordinary Shares Issued Resultant shareholding in […]
Tag: Oriole Resources plc
Oriole earn-in partner sells Senala gold interest
Oriole Resources plc’s earn-in partner in the Senala gold project has sold its portfolio in Senegal, Mali and Guinea for a total $282 million to Managem Group. OPTION AGREEMENT IAMGOLD Corporation had an option agreement on Senala where it recently earned a 51% initial interest by spending $4m over four years. The Canadian company could […]
Oriole’s orogenic gold MRE is ‘first’ for Cameroon
Oriole Resources plc reported an inaugural inferred JORC mineral resource estimate (MRE) of 305,000 Troy ounces grading 2.19 g/t gold for Bakassi Zone 1 at Bibemi in Cameroon. EXPLORATION Forge International Ltd compiled the revised resource and exploration target at Bakassi Zone 1, one of four prospects at Oriole’s 90%-owned project. Oriole said that the […]
Oriole to write down £1.45m for Thani Stratex gold
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 […]
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 […]