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.
Oriole notes that in February, AGEM Senegal Exploration Suarl, a subsidiary of the Moroccan mining company Managem Group, completed a six-year USD5.8 million earn-in for Senala, granting it a roughly 59% beneficial interest.
Current stock price: 0.36 pence per share, up 12% in London on Monday
12-month change: More than doubled from 0.14 pence in April 2023
By Hugh Cameron, Alliance News reporter
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Oriole (ORR)