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Oriole Resources PLC ( (GB:ORR) ) has issued an update.
Oriole Resources PLC has announced a 23% increase in the Mineral Resource Estimate (MRE) for its Bibemi Gold Project in Cameroon, now totaling 460,000 ounces of contained gold. The update includes 100,000 ounces in the JORC Indicated category, suggesting potential for a starter pit, and highlights a significant exploration target across multiple zones. The company is also reviewing mineral processing options to enhance gold recovery, with plans for a preliminary economic assessment to evaluate the project’s viability and potential expansion.
More about Oriole Resources PLC
Oriole Resources PLC is a gold exploration company listed on AIM, focusing on projects in West and Central Africa. The company is primarily engaged in exploring and developing gold resources, with a significant focus on the Bibemi orogenic gold project in Cameroon.
Average Trading Volume: 17,798,102
Technical Sentiment Signal: Strong Sell
Current Market Cap: £7.6M
See more data about ORR stock on TipRanks’ Stock Analysis page.