Member Info for Mayo51

Interesting but what will they use to buy them back

Hopefully we’ll get the interim results tomorrow, it was 5th September last year although the 29th September the year before.

Hopefully, a Bibemi Exploitation Licence would be a welcome starter

Hopefully, I don’t think you have to pay separately to issue an RNS, I think it’s part of the overall listing costs.

Hope they’re not assessing the person who placed the TV or erected the shelves

Mystic Meg springs to mind

Well said Hunniford, for me, the Lanstead exit, the Bibemi exploitation licence (to demonstrate intent for Mbe too) and further good drilling results at Mbe (to assist the JORC) are the key factors in Q3/Q4.

From the Nov 2023 Mbe RNS:-

· A maximum of 10 Resource payments are payable on the release of JORC Inferred Resource milestones (set at 1-million-ounce increments) in relation to Mbe;

· BCM will pay Oriole the First Resource Payment of US$1m on the release of a 1-million-ounce JORC-classified Resource in relation to Mbe;

· Additional resource payments of US$1m each will be due for each additional million ounces JORC-classified Resources reported at Mbe up to 5 million ounces, and will increase in value for the remaining five milestones to 10 million ounces;

· A maximum Cumulative Resource Payment of US$20m will be payable by BCM to Oriole on delivery of a 10-million-ounce JORC-classified Resource.

Excellent Hunniford, get the Chinese interested and then who knows.

Trump and the Americans will have to step up and be looking at a new Gold Coast in Cameroon

Hi Cekim,

I, too, am looking forward to Hunniford’s update, I was there last year, unfortunately had a funeral today, and can vouch for his accurate reporting.

Hopefully, the next 6 months are pivotal, I can’t see much happening in the next 2 months but then maybe further good news coupled with Lanstead’s exit should see a positive share price response.

Have a good evening.

Regards,

Hi All,

Bob did mention, at last Tuesday’s presentation, that they had just received a draft JV contract on Senala.

Hopefully, we receive confirmation soon, they couldn’t confirm funding but let’s see.

It would be nice to see some income producing assets, thinking of Wapouze too, to replace Lanstead, which should assist in a share price re-rating.

I appreciated today’s presentation, particularly the focus being on the undervalued share price but detailing progress generally.

It appears that with the most conservative valuations on Bibemi and Senala alone, we can demonstrate a share price of circa 0.5p, this doubles to 1p when adding in a similarly conservative Mbe, and then we’ve got the other items, Wapouze, etc

I thought the Board answered the questions well, Mbe progress is anticipated to be quicker now due to the shallower depths, we’ve got derisking in comparison to Bibemi due to a newer and more reliable rig and better infrastructure to the Mbe site.

Hopefully investors will start noticing and we can enjoy an increasing share price going forward.

Just need someone to buy out Lanstead’s remaining shares

RNS Number : 9894E

Oriole Resources PLC

15 April 2025

Oriole Resources PLC

('Oriole Resources' or 'the Company' or 'the Group')

Mbe Gold Project Delivers Further Gold Mineralisation in Cameroon -

23.10m at 0.71g/t Au from 76.00m, including 7.20m at 1.02g/t Au and 2.00m at 2.48g/t Au

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on West and Central Africa, is pleased to provide an update on its 90%[1] owned Mbe orogenic gold project ('Mbe' or the 'Project') in Cameroon.

Highlights

· The maiden ('Phase 1') drilling programme at MB01-S is approximately 44% complete for a total of 2,895.10 metres ('m') drilled, with nine holes drilled (MBDD001-09) and a tenth hole (MBDD010) in progress.

· Results from holes MBDD005 and MBDD006, over 609.10m of drilling, have returned a further 30 gold ('Au') mineralised intersections (using a 0.20 gramme per tonne ('g/t') Au lower cut-off grade), including (see Figure 1 and Table 1):

MBDD005:

o 23.10m at 0.71g/t Au from 76.00m, including 7.20m at 1.02g/t Au and 2.00m at 2.48g/t Au

o 5.60m at 1.03g/t Au from 7.50m

o 1.00m at 1.87g/t Au from 38.30m

MBDD006:

o 13.80m at 0.61g/t Au from 103.10m, including 3.40m at 1.17g/t Au and 2.10m at 1.06g/t Au

o 7.30m at 0.51g/t Au from 8.30m, including 1.90m at 1.18g/t Au

o 1.00m at 1.12g/t Au from 60.90m

o 1.00m at 1.64g/t Au from 71.50m

· The system is confirmed to a depth of approximately 150m from surface on this drill fence line. The results continue to demonstrate wide zones of bulk-tonnage gold mineralisation, which should be open pit mineable, related to sulphide-rich quartz veins, veinlets and breccias that have developed predominantly within quartz-feldspar porphyry ('QFP') units.

· Samples from holes MBDD007 and MBDD008 are already on their way to Bureau Veritas in Côte d'Ivoire for fire assay analysis. Results for these drill holes are expected to be reported later this quarter.

· The programme is currently scheduled for completion in Q3-2025, and the Company anticipates publishing a maiden, pit-contained Mineral Resource Estimate ('MRE') in H2-2025.

Chief Executive Officer of Oriole Resources, Martin Rosser, said: "The latest Mbe drilling results continue to return significant widths of gold mineralisation. As we continue to build the 3-D picture of the geology and gold mineralisation, it supports our opinion that there could be a substantial volume of material delineated that is potentially amenable to a large-scale open pit mining method. As we approach the halfway mark in the planned programme's metreage, we very much look forward to reporting the next set of results."

Figure 1. Interpretative cross section for fence line N872682 at MB01-S, with a selected mineralised intervals from holes MBDD003 and MBDD004 (green labels; previously reported, announcement dated 24 March 2025) and MBDD005 and MBDD006 (blue labels; reported today). The

There’s bound to be some good news, more drilling results, etc, more Tuesday’s Presentation and Q & A.

Thanks Cathbert, an excellent explanation, I’m all for the one drill measured approach method, it’s all about hitting the highest grades possible, especially those veins.

Have a good weekend, looking forward to next week’s bonanza

Apparently Trump’s being alerted, given up on Starmer, on his way to Cameroon

Hi Panda, totally agree, it’s all about getting best value, prefer to wait a bit longer and as you said optimise value

Thanks GOH, my interpretation exactly, there’ll be no big surprises imminently, just waiting for further drilling results.

I can understand them not moving the drilling rig, think it’ll be measured and thoughtful progress on Mbe to achieve the best possible drilling results.

Hi RVD,

Obviously despite 2 RNS’s, we’ve dropped 20% but since your previous post we’ve become aware of someone in particular, selling to invest elsewhere, with hopefully greater reward.

Obviously any selling can lead to further panic selling but the explanation certainly alleviated some of my uncertainty and I hope that we recover some this week in the lead up to end of month further Mbe drilling results.

Wishing everyone well.