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Share Price Information for Oriole Resources (ORR)

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Share Price: 0.34
Bid: 0.34
Ask: 0.36
Change: -0.0175 (-4.76%)
Spread: 0.02 (5.882%)
Open: 0.355
High: 0.355
Low: 0.34
Prev. Close: 0.3675
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Oriole Resources receives USD220,000 for legacy Turkish mining assets

Wed, 22nd May 2024 14:30

(Alliance News) - Oriole Resources PLC on Wednesday said it received a payment relating to the Hasancelebi and Dogala mining projects in Turkey.

The West Africa-focused mineral exploration and development company was paid USD220,000 from Bati Toroslar Madencilik Sanayi ve Ticaret Ltd, which is to be followed a payment of USD80,000 some time in the second quarter.

The full consideration will fulfil outstanding amounts from previous deals including an exploration agreement signed by the two company's in 2019. The agreement, which included resource-linked and success based payments, was then followed by a royalty sale agreement in 2020.

Oriole intends on using proceeds to fund further exploration work at projects in Cameroon

Oriole shares were down 2.1% to 0.36 pence each in London on Wednesday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Bisichi PLCAGM
Blackbird PLCAGM
Darktrace PLCGM re takeover by Thoma Bravo
Gresham Technologies PLCAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
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Red Capital PLCAGM
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Brave Bison Group PLCAGM; vote on capital reduction
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HC Slingsby PLCAGM
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Anglo Asian Mining PLCAGM
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ASA International Group PLCAGM
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Diaceutics PLCAGM
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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8 Apr 2024 12:42

IN BRIEF: Oriole Resources up after extending Senala licence to 2027

Oriole Resources PLC - West Africa-focused gold exploration company - Renews exploration licence for the Senala gold project, Senegal. The new licence is valid for a period of three years from February 17. Oriole says that the surface area of the licence has been reduced by 25% to comply with the Senegalese mining code, and now stands at 354.5 kilometres squared.

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8 Apr 2024 11:10

Oriole Resources confirms renewal of Senala licence

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced the renewal of the exploration licence for the Senala gold project in Senegal on Monday.

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25 Mar 2024 15:20

Oriole Resources announces fresh drilling plans in Cameroon

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced plans for a phase five diamond drilling programme at its Bibemi orogenic gold project in Cameroon on Monday, scheduled to start in the second quarter.

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29 Feb 2024 18:52

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26 Feb 2024 15:05

Oriole Resources reports progress at Mbe gold project

(Sharecast News) - Gold explorer Oriole Resources updated the market on exploration at its 90%-owned Mbe gold project in Cameroon on Monday.

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26 Feb 2024 12:08

IN BRIEF: Oriole says infill soil sampling restarts at Mbe gold project

Oriole Resources PLC - Gold and base metal explorer focused on West Africa - Finds 256.74 grammes of gold per tonne in its Mbe gold project in Cameroon. Says infill soil sampling has started at MB-01, and adds that infill soil sampling is also planned over the wider 12.5 kilometre-long zone of soil anomalism at Mbe, to provide greater data resolution. This will commence later in the first quarter of 2024. Chief Exeuctive Officer Tim Livesey says: "We are pleased to see the restart of work at Mbe, where we believe we have identified targets indicative of a corridor of gold mineralisation which runs across all five of our Eastern CLP licences. As a potential new gold district, early indications from Mbe suggest a huge opportunity is developing in this prospective area of Cameroon."

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19 Feb 2024 14:33

IN BRIEF: Oriole Resources: AGEM completes six-year Senala earn-in

Oriole Resources PLC - Gold and base metal explorer focused on West Africa - Says that AGEM Senegal Exploration Suarl has completed its six-year earn-in period at the company's Senala gold joint venture. AGEM is a wholly owned subsidiary of Managem Group, a Casablanca, Morocco-based mining company. Managem took control of Senala in April 2023, after acquiring AGEM. Oriole's interest in the project is held through its 85% interest in Stratex-EMC Sarl, a holding vehicle for the Senala exploration licence. Managem confirmed that, since the 2018 option agreement was signed, AGEM has spent around USD5.8 million on the Senala project. As a result, AGEM's ownership of the Senegalian venture is estimated to be around 59%.

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