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Oriole Resources PLC ( (GB:ORR) ) has shared an announcement.
Oriole Resources PLC has signed a Completion Agreement with BCM International for its Bibemi and Mbe gold projects in Cameroon, which includes a fully funded 2,950-meter maiden diamond drilling program at the MB01-N target. This agreement will see BCM pay Oriole $900,000 in installments and contribute $300,000 towards drilling costs, allowing BCM to earn a 50% interest in both projects. The drilling program aims to convert existing exploration targets into JORC resources, potentially increasing the gold resource base and supporting Oriole’s strategic growth in the region.
More about Oriole Resources PLC
Oriole Resources PLC is an AIM-quoted company specializing in gold exploration, with a primary focus on projects in West and Central Africa. The company is engaged in developing its Bibemi and Mbe gold projects in Cameroon, aiming to expand its resource base and enhance its market position in the gold industry.
Average Trading Volume: 91,662,375
Technical Sentiment Signal: Sell
Current Market Cap: £10.38M
See more data about ORR stock on TipRanks’ Stock Analysis page.