Oriole Resources plc has secured a three-year renewal for its Senala gold exploration licence in Senegal. NEXT STEPS The company holds an 85% interest in Stratex-EMC SA, the holding vehicle for the renewed licence. AGEM Senegal Exploration Suarl, a wholly-owned subsidiary of Managem Group, recently completed a six-year investment to acquire an approximate 59% beneficial interest […]
Tag: Senala – Senegal – West Africa
Oriole earn-in partner completes option term at Senala
Oriole Resources plc earn-in partner has completed its six-year term and is expected to hold 59% of the Senala gold project in Senegal. DISCUSSIONS Managem Group confirmed to the company that, since the 2018 option agreement, its subsidiary AGEM Senegal Exploration Suarl had spent US$5.8 million on the project. AGEM’s beneficial ownership in the Senala […]
Oriole considers future of Senala gold project
Oriole Resources plc is considering its next steps, including a joint venture or sale, for the 472.5km2 Senala gold licence in southeast Senegal. AGREEMENT The company’s existing option agreement for the project with earn-in partner Managem Group is due to expire on 17 February 2024. Oriole said that the Moroccan miner, which purchased the interest […]
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 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 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. […]