Oriole Resources plc said that early stage exploration results appeared to confirm the company’s proposition of a new gold district at its 90%-owned Central Licence Package (CLP) in central Cameroon LICENCES The district -scale area covers 3,592 km2 comprising eight contiguous licences highly prospective for orogenic-style gold mineralisation. Oriole has to date focused on the […]
Tag: Oriole Resources plc
Oriole converts second tranche of directors’ wages
Oriole Resources plc said it had completed the conversion of the second tranche of directors’ wages into shares as part of the company’s salary sacrifice scheme. A total of £25,000 has been converted to 8,934,647 new ordinary shares of 0.1p each. Oriole added that following the issue of thee shares, the directors would collectively hold […]
Oriole awaits results of 1,980 samples from Cameroon
Oriole Resources plc said it expected results during Q3 2022 of 1,980 samples from its 90% owned Central Licence Package (CLP) and Bibemi gold projects in Cameroon. CLP The CLP project (3,592km2), located in the centre of Cameroon, comprises eight contiguous licences (five defined as Eastern CLP and three as Western CLP). Oriole completed the […]
Oriole completes first tranche of salary sacrifice
Oriole Resources plc said it had completed the first tranche of the salary sacrifice scheme to advance the company’s Central Licence Package and the Bibemi projects in Cameroon. SHARE CAPITAL The company added that a £21,000 had been converted at 0.205 pence to 6,576,192 new ordinary shares of 0.1p each. Following the issue of the […]
Oriole to raise £400,000 via placing-subscriptions
Oriole Resources plc has conditionally raised £400,000 comprising an equity raise, directors’ subscriptions and a salary sacrifice scheme. FUNDRAISE The fundraise comprises £300,000 in a placing and £40,000 from subscriptions by certain directors through the issue of 188,888,888 new ordinary shares at the placing price of 0.18 pence per share, equal to a 14% discount. […]
Oriole notes revised EIA submitted for Muratdere
Oriole Resources plc said that a revised environmental impact assessment (EIA) report has been submitted for its Muratdere copper-molybdenum porphyry development project in Turkey. HISTORY Oriole operated the project from 2005 to 2011, delivering a JORC-compliant inferred resource of 51 million tonnes grading 0.36% Cu, 0.12 g/t Au, 2.40 g/t Ag, 0.0125% Mo and 0.34 […]