ORIOLE RESOURCES PLC — Investor Presentation 2022

Nov 3, 2022

National Storage Mechanism | Additional information

RNS Number : 2264F

Oriole Resources PLC

03 November 2022

Oriole Resources Plc

('Oriole' or 'the Company')

Investor Presentation

Oriole Resources PLC, the AIM-quoted gold exploration company focussed on West Africa, has released an updated Investor Presentation to the Company's website, which can be viewed at the following link: https://orioleresources.com/investors/reports-presentations/

The Investor Presentation highlights the Company's strategy to deliver value through focussed exploration, the progression of the field work carried out in Cameroon and Senegal and the upcoming field season programme, which includes:

·    Optimisation of the Bakassi Zone 1 JORC Exploration Target to enable part conversion to an Inferred Resource:

o  Pit optimisation studies and Competent Person site visit to deliver a maiden JORC-compliant Resource

o  Infill geophysics survey to assist with planning follow-up programmes (including resource drill out/expansion campaign during the 2023/24 field season)

·    Target expansion activities at the other three prospects at Bibemi

·    Development of the Eastern CLP project towards geological model and drill target definition

o  Mapping, rock-chip and infill soil sampling

o  Geophysics at Mbe anomaly

The Company looks forward to providing updates on these programmes in due course.

** ENDS **

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

or contact:

Oriole Resources PLC Tim Livesey / Bob Smeeton / Claire Bay	Tel: +44 (0)20 7830 9650
BlytheRay (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks	Tel: +44 (0)20 7138 3204
Grant Thornton UK LLP Samantha Harrison / George Grainger / Ciara Donnelly	Tel: +44 (0)20 7383 5100
SP Angel Corporate Finance LLP Ewan Leggat / Harry Davies-Ball	Tel: +44 (0)20 3470 0470

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi, Wapouzé and Central Licence Package projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. Under the terms of the option agreement, IAMGOLD has recently met its first commitment by spending US$4 million within an initial four years and will shortly acquire a 51% interest in Senala. The Company also has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

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