Actualización de Senala: Licencia renovada por segundo período
Recursos Oriole PLC
('Oriole Resources' o 'la Compañía' o 'el Grupo')
Senala Update: Licence Renewed for its Second Term
Oriole Resources PLC (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, is pleased to announce a renewal of the exploración licencia ('Licence') for the Senala gold project ('Senala') in Senegal. Oriole's interest in Senala is held via its 85% interest in Stratex-EMC SA ('Stratex-EMC'), the holding vehicle for the renewed Licence. AGEM Senegal Exploration Suarl ('UNA GEMA'), a wholly-owned subsidiary of Grupo de gestión ('Managem'), has recently completed a six-year investment to acquire an approximate 59% beneficial interest (announcement dated 19 February 2024) in Senala.
In accordance with the Senegalese Mining Code, the surface area of the Licence has been reduced by 25% and now stands at 354.5 kilometres squared. In order to retain tenure over the key prospects identified to date, in particular Faré and Madina Bafé, the Licence area has been split into two blocks as shown below. The new Licence is valid for a period of three years from 17 February 2024.
Figure 1. Map showing new licence blocks, in the context of the geochemical anomalies defined to date. The main exploration prospects are shown in red outline.
Como se informó anteriormente, Oriole is currently undertaking a review of expenditure to confirm AGEM's percentage ownership. Discussions on the next steps are also underway, which includes:
o la formación de una empresa conjunta y un comité técnico asociado;
o finalisation of a work plan and budget; and
o una decisión de Stratex-EMC sobre si contribuir a los costos de trabajo o diluir su porcentaje de propiedad.
Further information will be provided in due course.
For further information on the Senala project, including a JORC Table 1, please see la siguiente página del sitio web de la Compañía https://orioleresources.com/projects/senala/.
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.
** TERMINA **
Para más información, visite www.orioleresources.com, @OrioleRecursos en Twitter,
o contacte:
Oriole Resources Plc | Tel.: +44 (0) 20 7830 9650 |
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
| 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 (which has already been received), up to US$8m in exploration expenditure, as well as JORC resource-based success payments.
At the 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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