Recibo del Segundo Tramo del Pago Firma Mbe
Recursos Oriole PLC
('Oriole Resources' or 'Oriole' or 'the Company')
Receipt of Second Tranche of Mbe Signature Payment for US$450,000
Oriole Resources (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, is pleased to report that, following the recently-executed definitive earn-in agreement on its Mbe gold project in Cameroon ('Mbe' or the 'Project'; announcements dated 19 January 2024 and 22 January 2024), BCM International Limited ('BCM') has made payment of the second and final tranche of US$450,000 towards the US$1 million signature payment.
Accordingly, BCM will be granted a 10% beneficial interest in the Project and can earn up to a total 50% interest, in return for US$4 million in exploration funding and future resource-linked success-based payments.
As previously announced on 26 February 2024, expenditure against this exploration funding is already underway, with an infill soil sampling programme being executed ahead of a trenching programme in Q2 2024.
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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 on Twitter, or contact:
Oriole Resources Plc | Tel.: +44 (0) 23 8065 1649 |
tim livesey / Bob Smeeton / Bahía Claire | |
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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 US$1.5m in signature payments (US$1.05m of which has already been received), up to US$8m in exploration expenditure, as well as JORC resource-based success payments.
At the more advanced Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed a six-year earn-in to acquire an estimated 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million. A review of expenditure and discussions on the formation of a joint-venture company are currently underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.
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