Ejecución del acuerdo de ganancia condicional de Mbe
Recursos Oriole PLC
('Oriole Resources' o 'Oriole' o 'la Compañía')
Ejecución del acuerdo de ganancia condicional de Mbe
Oriole Resources (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, is delighted to report that, further to its announcements on 20 November 2023, it has signed a definitive earn-in agreement ('Earn-In Agreement') with BCM International Limited ('BCM') in relation to the Company's Mbe gold project ('Mbe') in Cameroon.
This is Oriole's second earn-in agreement with BCM, having signed a similar deal earlier this month in relation to the Company's Bibemi gold licence in Cameroon (announcement dated 5 January 2024).
Destacados
· Execution of the Mbe Earn-In Agreement whereby BCM will earn up to a 50% interest in Mbe in return for meeting certain commitments which, in addition to a US$1 million Signature Payment (against which the Company has already received a US$50k advanced payment), include U$4 million in exploration expenditure and future resource-linked success-based payments;
· The Mbe Earn-In agreement, and payment of the Signature Payment, is conditional on the successful conclusion of BCM's due-diligence review on or before 31 January 2024;
· Sampling results from that due-diligence review are anticipated later this month.
Recursos de Oriole CEO, tim livesey, Dijo: "With the signing of this second earn in agreement with BCM, we look forward to advancing the exploration at the Mbe licence in parallel with our resource expansion work at Bibemi.
"Since Oriole was granted its package of eight contiguous licences in central Cameroon back in February 2021, we have advanced with great success, identifying a large number of significant gold anomalies in what we suggest could be a corridor of mineralisation some 75 km-long. Prior to our licence application, this area was open ground and indicates the huge opportunity Cameroon has for new discoveries.
"At Mbe, the originally identified 12 km-long gold-in-soils anomaly has delivered several zones of significant surface gold mineralisation in vein sets grading up to 134 g/t Au. We expect the current period of due diligence by BCM will show further support for this area when results are received from their sampling programme later this month.
"With two of our 11 licences in Cameroon now under earn-in agreements, we still retain a significant position in this emerging jurisdiction for gold exploration, and look forward to sharing news of our progress throughout 2024 as we continue to explore in this new gold district."
Detalles adicionales
On 20 November 2023, the Company signed a Heads of Terms with BCM Internacional Limitada, a well-respected mining and civil contractor, related to an earn-in by BCM on the Company's Mbe (90%-owned) gold project.
Mbe (312km2) es un proyecto en etapa inicial ubicado dentro de los 2,266 km más amplios2 Eastern CLP package of contiguous gold-focussed licences in central Cameroon ('Eastern CLP' or the 'Licence Package'). During 2023, the Company identified a 3km-long geological zone containing areas of high-grade gold mineralisation with results of up to 134.10 grammes per tonne ("g/t") gold ("Au") from surface samples and artisanal workings (announcements dated 30 January 2023, 27 February 2023 and 21 June 2023).
The Company today reports that a definitive Earn-In Agreement has been executed for Mbe, securing up to US$4 million in exploration expenditure, in addition to a US$1 million Signature Payment and JORC resource linked success-based payments (announcement 20 November 2023). This is Oriole's second earn-in agreement with BCM, having signed a similar deal earlier this month in relation to the Company's Bibemi gold licence in Cameroon (announcement dated January 2024).
Completion of the Mbe Earn-In Agreement, and receipt of the Signature Payment, is conditional on the successful outcome of a due diligence review by BCM, ending no later than 31 January 2024. To date, BCM has completed (at its own cost) a three-week long site visit at Mbe and has collected 639 rock samples, each weighing 2-5 kilograms, over the main 3km-long zone (announcement dated 2 January 2024). Analysis of the samples (together with 68 QAQC samples, for a total 707 samples) is being undertaken by Intertek Ghana, predominantly for Fire Assay analysis but also for some preliminary metallurgical testwork (bottle-roll leach test) to ascertain the recoverability of the gold. Results are expected later this month.
Following a successful completion of the due-diligence review, the balance of the Signature Payment will be made in two tranches, with the first tranche of US$500,000 to be made on or before 31 January 2024 and the balance of US$450,000 to be paid on or before 29 February 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.
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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 | |
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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 reported a Resource of 375,000 oz Au at 2.30g/t in the JORC Inferred category at its 82.2%-owned 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 and Mbe projects in return for a combined investment of up to US$8m in exploration expenditure, as well as JORC resource-based success payments.
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.
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