Ejecución del acuerdo de ganancia de Bibemi
Recursos Oriole PLC
('Oriole Resources' o 'Oriole' o 'la Compañía')
Ejecución del acuerdo de ganancia de Bibemi
Oriole Resources (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, is delighted to report that, further to its announcement dated 2 January 2024, it has now signed a definitive earn-in agreement ('Earn-In Agreement') with BCM International Limited ('BCM') in relation to the Company's Bibemi gold project ('Bibemi' or the 'Project') in Cameroon.
Destacados
· Execution of the Bibemi Earn-In Agreement whereby BCM will earn up to a 50% interest in Bibemi in return for meeting certain commitments which, in addition to the Signature Payment, include US$4 million in exploration expenditure and future resource-linked success-based payments;
· A signature payment ('Signature Payment') of US$450,000 to the Company is now being processed by BCM, which follows an earlier advanced payment of US$50,000 (announcement dated 20 November 2023);
· A large component of the exploration expenditure at Bibemi will include resource-expansion drilling. It is anticipated that drilling will start at Bibemi in Q1-2024 and further details on the planned programme will be released in due course;
· Expenditure against the US$4 million funding has already commenced, with approximately US$72k received to support camp upgrades and ongoing technical studies ahead of the application for an exploitation licence in 2024;
· Execution of a second agreement with BCM, the 'Mbe Earn-In Agreement' (announcement dated 20 November 2023), is expected later this month.
Recursos de Oriole CEO, tim livesey, Dijo: "We are delighted to have signed the first of two landmark agreements with BCM and to have already established a very close and strong working relationship with our new partner. With our strategies and goals aligned at Bibemi, and also Mbe, we believe this is the start of something significant for Oriole, BCM and for exploration and mining in Cameroon.
"We are a long way from the Company realignment and rebranding we undertook back in 2018, when I originally took the helm, and I am very pleased to see that the decisions we have made and the time we have invested are now paying dividends for the team at Oriole, our partners, shareholders and the wider exploration and mining community in Cameroon."
Detalles adicionales
On 20 November 2023, the Company signed two Heads of Terms with BCM International Limited, un contratista minero y civil muy respetado, relacionado con ganancias de BCM en los proyectos de oro Bibemi (92.8% de propiedad) y Mbe (90% de propiedad) de la Compañía, respectivamente.
The Company today reports that a definitive Earn-In Agreement has been executed for the Bibemi project in northern Cameroon, securing up to US$4 million in exploration expenditure for the Project, in addition to a Signature Payment and JORC resource linked success-based payments (announcement 20 November 2023).
Under the terms of the Bibemi Earn-In Agreement, a Signature Payment of US$450,000 to the Company is now being processed by BCM (being the US$500,000 Signature Payment less the US$50,000 deposit already paid). A further update will be made on receipt of the Signature Payment, which is expected in the next few days.
Expenditure against the US$4 million funding has already commenced, with approximately US$72k received to support camp upgrades and ongoing technical studies ahead of the application for an exploitation licence in 2024. Drilling is expected to resume at Bibemi in Q1-2024, with a strong focus on expanding the resource inventory at the Bakassi Zone 1 prospect, where the Company has already announced a maiden Mineral Resource Estimate of 305,000 ounces ('oz') grading 2.19 grammes per tonne ('g/t') gold ('Au') in the JORC Inferred category, within the limit of a US$1,800/oz gold price pit shell, and an additional JORC Exploration Target of between 1.5 and 2.2 million tonnes at grades ranging from 1.10 to 2.10 g/t for between 53,000 and 148,000 oz of Au (announcement dated 12 December 2022). Further details on the planned drilling programme will be announced in due course.
Execution of the Mbe Earn-In Agreement is anticipated later in January 2024.
Declaración de personas competentes
La información contenida en este comunicado relacionada con los resultados de exploración ha sido compilada por Claire Bay (directora ejecutiva de exploración y desarrollo comercial). Claire Bay (MGeol, CGeol) es una persona competente según se define en el código JORC y asume la responsabilidad de la divulgación de esta información. Claire ha revisado la información contenida en este anuncio y confirma que no tiene conocimiento de ninguna información o dato nuevo que afecte materialmente la información aquí reproducida, y que las suposiciones materiales y los parámetros técnicos que sustentan la estimación de recursos minerales de Bibemi continúan aplicándose.
** TERMINA **
Se considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en la versión retenida de la ley de la UE del Reglamento de abuso de mercado (UE) No. 596/2014 (el "MAR del Reino Unido") que forma parte de la ley del Reino Unido en virtud de la Ley de la Unión Europea (Retirada) de 2018. La información se divulga de acuerdo con las obligaciones de la Compañía en virtud del Artículo 17 del MAR del Reino Unido. Tras la publicación de este anuncio, esta información privilegiada ahora se considera de dominio público.
Para más información, visite www.orioleresources.com, @OrioleResources en Twitter, o comuníquese con:
Oriole Resources Plc | Tel.: +44 (0) 23 8065 1649 |
tim livesey / Bob Smeeton / Bahía Claire | |
| |
BlytheRay (contacto de relaciones públicas/IR) | Tel.: +44 (0) 20 7138 3204 |
Tim Blythe / Megan Ray | |
| |
Grant Thornton Reino Unido LLP | Tel.: +44 (0) 20 7383 5100 |
Samantha Harrison/Ciara Donnelly | |
SP Ángel Finanzas Corporativas LLP Ewan Leggat / Harry Davies Ball
| Tel.: +44 (0) 20 3470 0470 |
Notas para los redactores:
Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has a maiden Resource of 305,000 oz Au at 2.19g/t in the JORC Inferred category at the Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi project by funding a Signature payment of US$500k, up to US$4m in exploration expenditure and JORC resource-based success payments. A similar deal at Mbe (part of the Central Licence Package) is expected to be completed before the end of the current month.
En el proyecto aurífero Senala, más avanzado en Senegal, AGEM Senegal Exploration Suarl ('AGEM'), una subsidiaria de propiedad absoluta de Managem Group, obtuvo una participación inicial del 51% en la Licencia de Exploración Senala al gastar 4 millones de dólares y tiene la opción de gastar hasta 4 millones de dólares estadounidenses más antes del 17 de febrero de 2024 para obtener un interés adicional del 19% en la licencia. La Compañía también tiene varios intereses y regalías en compañías que operan en África Oriental y Turquía que podrían generar flujo de caja futuro.
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.