ORIOLE RESOURCES PLC — AGM Information 2024

Jun 24, 2024

National Storage Mechanism | Additional information

RNS Number : 6341T

Oriole Resources PLC

24 June 2024

Oriole Resources PLC 

('Oriole Resources' or 'the Company' or 'the Group')

Result of Annual General Meeting

Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to announce that all of the resolutions that were put to shareholders at its Annual General Meeting held today were duly passed. Full details of votes received are available at: https://orioleresources.com/investors/reports-presentations/#reports.

The presentation given at the AGM is now available on the Company's website at: https://orioleresources.com/investors/reports-presentations/

** ENDS **  

For further information please visit  www.orioleresources.com ,   @OrioleResources on X,  

or contact:

Oriole Resources Plc	Tel: +44 (0)20 7830 9650
Martin Rosser / Bob Smeeton / Claire Bay
BlytheRay (IR/PR Contact)	Tel: +44 (0)20 7138 3204
Tim Blythe / Megan Ray
Grant Thornton UK LLP	Tel: +44 (0)20 7383 5100
Samantha Harrison / Ciara Donnelly/ Elliot Peters
SP Angel Corporate Finance LLP Ewan Leggat / Kasia Brzozowska	Tel: +44 (0)20 3470 0470

Notes to Editors:

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 375,000oz 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 anomalies 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$1.5 million in signature payments, up to US$8 million 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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