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An update from Oriole Resources PLC ( (GB:ORR) ) is now available.
Oriole Resources PLC reported its interim results for the first half of 2025, highlighting significant progress in its gold exploration projects in Cameroon and Senegal. The company completed a maiden drilling campaign at the Mbe project in Cameroon, revealing promising gold mineralization, and is preparing a maiden JORC Mineral Resource Estimate (MRE) for the MB01-S target. At the Bibemi project, Oriole announced an updated Mineral Resource Estimate (MRE) and continued metallurgical test work to optimize gold processing methods. In Senegal, the company is finalizing a joint venture agreement to advance exploration at the Senala project. Financially, Oriole reported a pre-tax loss of £0.57 million, with increased administrative expenses due to expanded operations in Cameroon. The company remains optimistic about its future prospects, buoyed by high gold prices and encouraging exploration results.
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 involved in the exploration and development of gold resources, with key projects in Cameroon and Senegal.
Average Trading Volume: 73,287,559
Technical Sentiment Signal: Buy
Current Market Cap: £15.41M
See more insights into ORR stock on TipRanks’ Stock Analysis page.