RE: Bibemi upgrade15 May 2025 07:41
Executive Officer of Oriole Resources, Martin Rosser, said: "We are delighted with the new Bibemi MRE upgrade, which shows a significant 23% increase in contained gold to 460,000oz when compared to the January 2024 estimate, with grades still above 2g/t Au. In addition, 100,000oz are now in the JORC Indicated category and this plus the JORC Exploration Target range of 145,000oz to 400,000oz contained gold estimate for the Bakassi Zone 1, Bakassi Zone 2, Lawa East and Lawa West prospects provides optimism for an ultimately even larger contained gold resource.
"Separately, mineral processing work has enabled our consultant to prepare a provisional treatment plant flow sheet which, with the new MRE, will enable us to undertake provisional economic assessment studies, consider the next technical study steps, and progress the lodged Exploitation Licence Application with the Cameroon Government."