Oriole Resources Plc

Oriole Resources PLC is an AIM-listed gold exploration company, focussed on Cameroon and West Africa.

Our main activity is exploration in Cameroon, where the Company has a Mineral Resource estimate of 375,000 oz contained Au at 2.30g/t in the JORC Inferred category at the Bibemi project and has identified a highly prospective target now being drilled at Mbe within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects having made Signature payments of US$500k and US$1 million respectively and by funding up to US$4m in exploration expenditure at each project, and with JORC resource-based success payments at each project.

At the more advanced Senala gold project in Senegal, AGEM Senegal Exploration Suarl (‘AGEM’), a wholly-owned subsidiary of Managem Group, spent approximately US$5.8 million on the project during an Option Agreement period. AGEM is estimated to have a beneficial ownership of c.59% of the project, and discussion on the next steps is underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.