Oriole Resources shares fall despite gold findings at Bibemi and Mbe
3rd Feb 2025 11:30
(Alliance News) - Oriole Resources PLC on Monday announced drilling updates from its 90% owned Bibemi and Mbe gold projects in Cameroon. Read More
(Alliance News) - Oriole Resources PLC on Monday announced drilling updates from its 90% owned Bibemi and Mbe gold projects in Cameroon. Read More
Oriole Resources PLC - West Africa-focused mineral exploration company - Provides interim results for six months ended June 30. Reports no revenue, unchanged from a year ago. However, swings to pretax profit of GBP1.1 million from GBP863,000 loss. Says profit due to gains on the amount receivable under its sharing agreement with Lanstead Capital Investors LP, under which it has received 0.24 pence per share, "significantly higher than could have been achieved in the market in mid-2023, and despite the low share price experienced at the end of last year," the company says. "Despite the initial market misgivings surrounding this financing, it has, in fact, proved beneficial at a time when raising finance in the junior mining sector was all but impossible," Oriole adds. Further, receives signature payments under its earn-in agreement with miner BCM International at Bibemi and Mbe projects in Cameroon, USD500,000 and USD1.0 million respectively. Read More
Oriole Resources PLC - West Africa-focused mineral exploration company - Provides an update for the Mbe gold project in Adamawa, Cameroon, of which it owns 80%. Following confirmation of gold from an infill soil sampling programme earlier in the year, says results from a second infill soil sampling programme over the wider Mbe licence area have identified three further zones of gold anomalism. Says that while initial results are lower than at MB01, these results are still "highly anomalous for soils", and all three zones present attractive targets for potential satellite deposits. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Oriole Resources PLC on Wednesday said it received a payment relating to the Hasancelebi and Dogala mining projects in Turkey. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Oriole Resources PLC - West Africa-focused gold exploration company - Renews exploration licence for the Senala gold project, Senegal. The new licence is valid for a period of three years from February 17. Oriole says that the surface area of the licence has been reduced by 25% to comply with the Senegalese mining code, and now stands at 354.5 kilometres squared. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Oriole Resources PLC - Gold and base metal explorer focused on West Africa - Finds 256.74 grammes of gold per tonne in its Mbe gold project in Cameroon. Says infill soil sampling has started at MB-01, and adds that infill soil sampling is also planned over the wider 12.5 kilometre-long zone of soil anomalism at Mbe, to provide greater data resolution. This will commence later in the first quarter of 2024. Chief Exeuctive Officer Tim Livesey says: "We are pleased to see the restart of work at Mbe, where we believe we have identified targets indicative of a corridor of gold mineralisation which runs across all five of our Eastern CLP licences. As a potential new gold district, early indications from Mbe suggest a huge opportunity is developing in this prospective area of Cameroon." Read More
Oriole Resources PLC - Gold and base metal explorer focused on West Africa - Says that AGEM Senegal Exploration Suarl has completed its six-year earn-in period at the company's Senala gold joint venture. AGEM is a wholly owned subsidiary of Managem Group, a Casablanca, Morocco-based mining company. Managem took control of Senala in April 2023, after acquiring AGEM. Oriole's interest in the project is held through its 85% interest in Stratex-EMC Sarl, a holding vehicle for the Senala exploration licence. Managem confirmed that, since the 2018 option agreement was signed, AGEM has spent around USD5.8 million on the Senala project. As a result, AGEM's ownership of the Senegalian venture is estimated to be around 59%. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More