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The latest update is out from Oriole Resources PLC ( (GB:ORR) ).
Oriole Resources PLC announced the renewal of its Wapouzé limestone property license in northern Cameroon for an additional two years, shifting its focus from gold to high-grade limestone exploration. This strategic pivot positions Oriole to capitalize on Cameroon’s cement industry and nascent gold mining sector, potentially securing a valuable income stream through an industrial partner for commercial limestone exploitation, thereby reducing the country’s clinker imports and providing diversified revenue for the company.
More about Oriole Resources PLC
Oriole Resources PLC is an AIM-listed exploration company specializing in gold and other minerals across West and Central Africa. The company is notably involved in early-stage exploration in Cameroon, with significant interests in gold and lithium projects, as well as collaborative ventures in Senegal and other regions, aiming to expand its resource base and revenue streams.
YTD Price Performance: -6.92%
Average Trading Volume: 14,981,792
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.47M
For detailed information about ORR stock, go to TipRanks’ Stock Analysis page.