RE: Zak Mir target next target 0.2618 Apr 2023 13:02
Oriole Resources (ORR), the AIM-quoted exploration company focused on West Africa, announced that it has received a rebate totalling £157k from HMRC in relation to a R&D tax relief claim in respect of geoscientific advances sought by the company through its exploration programmes. The Claim is for the year ended 31 December 2022. The company said the 2022 exploration work programmes in Cameroon continued to deliver exciting results, with a fourth drill programme at Bibemi leading to the definition of a JORC-compliant Inferred Resource, and excellent results from the early-stage work on the Central Licence Package, including the detection of anomalous lithium. It was delighted to have received further support for our research work from HMRC.
Comment: Shares of ORR have rallied well in the run up to the RNS today. With the backing of its happy relationship with those lovely people at HMRC, one would imagine further share price gains are in the offing.