SP Angel Analyst Coverage

Oriole Resources PLC

04 October 2024

 

Oriole Resources PLC 

('Oriole Resources' or 'Oriole' or 'the Company')

SP Angel Analyst Coverage

Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West and Central Africa, announces that its broker, SP Angel, has released analyst coverage following the Company's recent updates in relation to the Mbe gold licence in Cameroon. The coverage is available to view on the Company's website at https://orioleresources.com/investors/analyst-coverage/. 

** ENDS **

For further information please visit www.orioleresources.com, @OrioleResources on X, or contact:

Oriole Resources Plc	Tel: [phone]
Martin Rosser / Bob Smeeton / Claire Bay
BlytheRay (IR/PR Contact)	Tel: [phone]
Tim Blythe / Megan Ray
Grant Thornton UK LLP	Tel: [phone]
Samantha Harrison / Ciara Donnelly / Elliot Peters
SP Angel Corporate Finance LLP Ewan Leggat	Tel: [phone]

Notes to Editors:

Oriole Resources PLC is an AIM-listed gold exploration company, operating in Central and West Africa.  It is focussed on early-stage exploration in Cameroon, where the Company has reported a Resource of 375,000oz Au at 2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project.   BCM International is currently earning up to a 50% interest in the Bibemi and Mbe licences in return for a combined investment of US$1.5 million in signature payments, up to US$8 million in exploration expenditure, as well as JORC resource-based success payments.

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed a six-year earn-in to acquire an estimated 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million.  A review of expenditure and discussions on the formation of a joint-venture company are currently underway.  The Company also has several interests and royalties in companies active in East Africa and Turkey that could deliver future cash flow.

 

END