Member Info for Mayo51

I’m sure we’ve had results on 11 holes now (including 2 last week) with 4 remaining

Welcome back BIKWIK, forget dipping your toe, take a real plunge and we’ll see some movement.

Don’t worry, it’s all fine, Bob’s mistakenly filled it up with diesel, it’s only a hiccup

Excellent, while you’re talking to them, can you tell Bob he better get his finger out with the BCM JV deal, the Exploitation Licence and MRE are imminent.

Ask him if he’s aware of non-payment of royalties by BCM International and their subsidiary Adamus Resources, we don’t want to be caught short.

https://www.msn.com/en-xl/money/other/adamus-resources-nzema-mine-persists-in-default-of-royalty-obligations-aci/ar-AA1NdYXD

Exactly, depends on whether a miner is buying or selling, I’d be working back from the Bibemi Preliminary Economic Assessment.

I assume BCM may have been involved in providing figures, what better starting point, it’s easy to come down, much harder going up.

And what value would you put on this payday?

Well said Buythose, as someone said to me many years ago, ‘who’s driving the bus?’

When you’re a minority partner you are at the mercy of the majority partners, they’re in control.

Senala is a bonus when it comes along, I can’t imagine Managem are offering favourable terms otherwise it would already be signed.

Hopefully we pick up the Exploitation License at the next stop, and in our mining pursuit, will not handover the driving of the bus to BCM, etc.

If we do have to give something away to progress Bibemi, I would hope it’ll be a minority share in a future license.

We’ll see, the mid-terms will tell a story, whilst Trump is destroying anything environmental the Chinese are pursuing it.

I’d stick with Martin as CEO, he’s only been there since May 2024 and there are a lot of legacy items which still need resolving.

However, Lanstead are gone and although the BCM JV agreements were before his appointment, we do have JORC’s and significant progress with the Cameroonian government towards an Exploitation License.

Any change at this juncture would incur setbacks in ongoing relationships and progress, we’re better off with what/who we know, i.e. both Martin and BCM.

Also, although gold may continue to rise in the short term I expect it to fall back as Trump eventually leaves the White House, so I believe the next 2 years are critical.

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on Central and West Africa, is pleased to provide an update on its 50%[1] owned Mbe gold project in Cameroon ("Mbe" or the "Project"), where it has received further positive results from the recently completed maiden diamond drilling programme at the MB01-N target (the "Programme").

Highlights

o Results from holes MBDD034 and MBDD035 have returned further gold intersections, including:

MBDD034

o 34.80m at 0.63g/t Au from 82.10m depth, including 7.80m at 1.29g/t Au, 1.00m at 2.21g/t Au and 1.10m at 1.36g/t Au

o 4.20m at 0.52g/t Au from 55.30m depth, including 1.00m at 1.08g/t Au

MBDD035

o 8.70m at 0.81g/t Au from 177.50m depth, including 1.00m at 4.16g/t Au

o 7.10m at 0.49g/t Au from 246.10m depth, including 1.00m at 1.06g/t Au

o 4.00m at 0.63g/t Au from 128.40 m depth

o Hole MBDD034 has returned a broadly comparable intersection to that observed in its scissor hole pair (MBDD026), with both holes showing evidence of a second set of core-parallel (approximately E-W trending) structures, albeit these are deemed to be secondary to the main NNW control.

o MBDD035 returned the deepest intersection to date, extending the system at MB01-N to approximately 194m vertical depth. The system remains open in all directions.

o Results for the remaining four holes are expected by end Q1-2026, following which the Company's consultant will prepare a maiden JORC Resource for the MB01-N target in Q2-2026 to add to the existing 870,000oz JORC Resource at the nearby MB01-S deposit, where a fully funded step-out drilling programme will commence in Q2-2026.

Chief Executive Officer of Oriole Resources, Martin Rosser, said: "We are pleased to report more encouraging gold mineralisation intersections for the MB01-N prospect. With results from the remaining four holes expected by the end of Q1-2026, reporting of the eagerly anticipated maiden MRE thereafter is well on track. Separately, the fully funded step-out drilling programme at the MB01-S deposit is planned to commence in Q2-2026."

We look forward to the replies, can pretty much guess what they are, especially given that the raising to fund a lot of the other 2026 activities was only 3 months ago.

I would welcome another in-person event, possibly late March/early April, particularly as the AGM is end June, which is 4 months away

Although I appreciate your frustration I’m not sure what they can disclose on the following whilst hopefully in active negotiations.

1. Senala - unlikely to disclose anything until JV agreement concluded - confidentiality - difficult as we’re a minority partner

2. Wapouze - be nice to disclose if they are in active discussions

3. Bibemi - presume they’ve got some kind of proposed JV agreement with potential funding - won’t be able to progress until Exploitation License granted

4. Mbe progress - awaiting Mbe-N drilling results and JORC

5. Mbe-S - step out drilling to start and updated JORC

6. Remaining CLP licenses - trenching, etc.

Something on Senala and Wapouze would be nice but we’ll be waiting on the remainder.

A mining JV with BCM would be an ideal solution.

https://www.bcm-group.com/about-us/bcm-investments/

Very interesting, and we end up red…..

I think BCM can, and with the potential of the other licences and Oriole’s relationship with the Cameroonian government, there’s plenty to keep them interested

Nick/Oil,

I love your starting points, thinking like a miner rather than an explorer.

Hopefully the Exploitation License and Bibemi progress will lift the value and share price into serious mining territory and valuations.

The RNS’s are often late being posted here:-

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on Central and West Africa, is pleased to provide an update on the Mbe gold project in Cameroon ("Mbe" or the "Project"), where it has completed the maiden diamond drilling programme at the MB01-N target for some 3,000m (the "Programme"). Following this the Company's partner, BCM International Limited ("BCM"), has now earned a 50% beneficial interest in the Project.

Highlights

o The Programme has been completed for a total of 3,000.40m drilled in 15 holes.

o BCM has now earned a 50% beneficial interest in Mbe and the administrative work to formalise that interest, including the drafting of a joint venture agreement, is underway.

o Results for six holes are outstanding and are expected later in Q1-2026.

o On receiving these final results, the Company's consultant will prepare a maiden JORC Resource for the MB01-N target to add to the existing 870,000oz contained gold JORC Resource at the nearby MB01-S deposit.

o A fully funded step-out drilling programme is scheduled to commence at MB01-S in Q2-2026.

Chief Executive Officer of Oriole Resources, Martin Rosser, said: "We are delighted that the maiden drilling programme at the MB01-N target has been completed. The drilling crew and support personnel have worked tirelessly to achieve this on time and with excellent core recovery, and we thank them for their efforts. We look forward to reporting the remaining drill holes results and the consultant's maiden MRE report."

The next batch of drilling results should include hole 34, which I think was the 10th hole in Mbe-N, an additional hole, as reported in Claire’s LinkedIn video.

There appeared to be some excitement there, hopefully this comes next week with the results of holes 11 and 12 (35 & 36).

Anyone who imagines that bliss is normal is going to waste a lot of time running around shouting that he’s been robbed.

The fact is that most putts don’t drop, most beef is tough, most children grow up to just be people, most successful marriages require a high degree of mutual toleration, most jobs are more often dull than otherwise.

Life is like an old-time rail journey—delays, sidetracks, smoke, dust, cinders, and jolts, interspersed only occasionally by beautiful vistas and thrilling bursts of speed.

The trick is to thank the Lord for letting you have the ride.

Very philosophical, remember it when we hit 5p!!!

I’m with you GG, BIKWIK and GOH are some of the most valued posters here, of course we’re all allowed to disagree.

I’ve been at a few events and spoken to both Martin and Bob, it’s Oriole’s presentations and shareholder forums that’s kept me invested.

Previously they’ve been criticised for a lack of shareholder engagement and when they do, there are nasty aspersions of their (always professional and compliant, I’ve found) disclosures.

Anyway, let’s move on to Mbe-S step out drilling, a Senala JV, a Bibemi Exploitation License and hopefully a BCM JV agreement.