Business
Bibemi ESIA and ELA Progress Update
Bibemi ESIA and ELA Progress Update.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nOriole Resources PLC\n('Oriole Resources' or the 'Company')\n \nBibemi ESIA and ELA Progress Update\nAhead of its Annual General Meeting later this morning, 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% owned Bibemi orogenic gold project (the 'Project') in Cameroon, including the ongoing Environmental and Social Impact Assessment ('ESIA') and Exploitation Licence Application ('ELA') processes.\n \nHighlights\n \n· A public review of the Company's ESIA for Bibemi has been completed with the local community. Management is confident that the meetings, which took place last week, went well, and the final report from Cameroon's Ministry of Environment, Nature Protection and Sustainable Development, MINEPDED, is awaited. A successful outcome is a critical step towards ELA approval.\n \n· Last month, the Company's CEO, Martin Rosser, and CFO, Bob Smeeton, met with the Minister of Mines and various related parties regarding the ELA and the significant progress the Company has made prior to advancing the formal negotiation process. A formal timeline on the remainder of the process has been requested and will be published as soon as available.\n \n· An independent gap analysis review of the local-level ESIA will commence shortly to assess what further information may be required to satisfy international standards and potential mine finance partners. \n \n· Following publication of the updated JORC Mineral Resource Estimate ('MRE') and Exploration Target last month (announcement dated 15 May 2025), which increased the Resource inventory by 23%, a review of the model will commence shortly to assess the potential for further conversion of MRE contained gold to the JORC Indicated category. \n \n· The Indicated Resources, which are currently capped to 150m depth below surface, occur as a unified block in the centre of the deposit and could provide a suitable location for a starter pit if mined. Resource optimisation and preliminary economic assessment ('PEA') studies will also commence shortly to deliver an Ore Reserves / Mineable Resources statement. \n&...