Oriole Resources PLC has a diverse portfolio of African gold assets

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  • Oriole Resources pleased with latest assays from Senegal
  • Oriole Resources has made encouraging progress in Cameroon and Senegal, says broker
  • Oriole present their latest financial report with a focus now on returning to normality
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Quick facts: Oriole Resources PLC

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Oriole Resources PLC is an AIM-listed exploration company, operating in Africa and Europe.

Oriole is focused on early-stage gold exploration in Cameroon and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. The Company has a number of interests and royalties in companies operating throughout Africa and Turkey and is assessing new gold and base metal opportunities in both regions.

17 Sep 2021

(, ) said the final assays from drilling at Fare in Senegal confirmed the continuation of gold mineralisation in the far south of the prospect.

Best results from the near-surface programme were grades of 1g/t over 8m at a depth of 112m.

IAMGOLD is carrying out the exploration as part of an earn-in programme with 80% of a two-phase exploration programme at the Fare and Madina Bafe prospects now complete.

In August, IAMGOLD released results for 38 out of 42 shallow holes at Fare North and Fare Far South that showed best intersections of up to 11m grading 1.22 g/t gold and 35m grading 3.61 g/t respectively.

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13 Sep 2021

(, ) said a phase 2 diamond drilling programme will soon begin at its 90%-owned Bibemi gold project in Cameroon.

The 1,650-metre programme, which is expected to start before the end of September, will target a 1-kilometre strike length at the southern end of the Bakassi Zone 1 prospect.

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25 Aug 2021

(, ) said the first half of 2021 saw a return to “business as usual” for the West Africa-focused exploration company.

In its interim results statement, the company highlighted “excellent exploration progress” in Cameroon and Senegal.

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09 Sep 2021

(, ) has made encouraging progress with its gold projects in Cameroon and Senegal, but this has not yet been reflected in the company’s valuation, said broker Shard Capital.

“There are exciting times ahead for Oriole with the scale and prospectivity of the district play in Central Cameroon starting to become clear. At the Senala JV, the maiden MRE [mineral resource estimate] is a major milestone for Oriole and exploration continues to deliver highly encouraging results,” Shard Capital said in a research note.

“We view ORR’s current market cap of GBP7.7mln as extremely unchallenging given how the true potential in both Cameroon and Senegal is starting to emerge at a rate of knots.”

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25 Aug 2021

(, )’s () Chief Financial Officer Bob Smeeton joins Proactive London’s Katie Pilbeam to talk viewers through their latest interim results statement.

The pre-revenue company made a loss before tax of GBP871,000 versus a profit of GBP167,000 the previous year.

Administration expenses rose to GBP524,000 in the first half of the year from GBP416,000 the year before, reflecting the return to full-time salaries for the team after voluntarily wage reductions in the prior year in response to the COVID-19 pandemic, and a restart of exploration activities as borders reopened and travel became possible.

17 Apr 2019

This company may be familiar to many investors under its previous guise as Stratex International, when its focus was as a hybrid developer/project generator, with a strong bias towards Turkey.

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Oriole present their latest financial report with a focus now on returning…

Oriole Resources PLC (LSE:ORR, FRA:S1Y)’s (LON:ORR) Chief Financial Officer Bob Smeeton joins Proactive London’s Katie Pilbeam to talk viewers through their latest interim results statement.

The pre-revenue company made a loss before tax of GBP871,000 versus a profit of GBP167,000 the previous…

3 weeks, 2 days ago

4 min read

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