Business
Final Results and Notice of AGM
Final Results and Notice of AGM.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nOriole Resources plc / Index: AIM / Epic: ORR / Sector: Mining\n \nOriole Resources PLC \n('Oriole' or 'the Company' or 'the Group')\n \nFinal Results and Notice of AGM\n \nOriole Resources (AIM: ORR), the AIM-quoted exploration company focused on West and Central Africa, announces its final results for the year ended 31 December 2024 (the 'Period').\nCopies of the Company's Annual Report will be posted to shareholders on or before 21 May 2025, together with the notice of the Company's Annual General Meeting ('AGM'). The AGM will be held at 11:00am BST on Wednesday 25 June 2025 at the offices of Gowling WLG, at 4 More London Riverside, London, SE1 2AU.\nAhead of the AGM, the Executive Directors will be hosting an online presentation and question and answer session at 1.00pm BST on Tuesday 15 April 2025 via the Investor Meet Company platform. Full details for this event will be announced in due course.\n \nOperational Highlights:\n· Completion of two earn-in agreements with BCM International Limited ('BCM') in respect of the Bibemi ('Bibemi') and Mbe ('Mbe') gold exploration licences in Cameroon. These agreements brought US$1.5 million (£1.18 million) in signature payments, plus the potential for future resource-based success payments, and the option for BCM to spend up to US$4 million on each licence to achieve a 50% ownership of those licences.\n \n· Increase in the independently calculated maiden Australasian Joint Ore Reserve Committee ('JORC') Code Inferred mineral resource estimate ('MRE') at the Bakassi Zone 1 prospect at Bibemi, to a contained 375,000 Troy ounces ('oz') gold ('Au'), grading 2.30 grammes per tonne ('g/t'). \n \n· Commencement of a Phase 5 drilling programme at Bibemi, which was subsequently completed in February 2025 for 6,915.40 metres ('m') in 56 holes. Results have delivered a number of new intersections including 4.10m at 7.99g/t Au (BBDD059), 5.30m at 1.68g/t Au (BBDD092), 2.70m at 14.67g/t Au (BBDD058), 2.00m at 12.50g/t Au (BBDD061), 2.15m at 9.95g/t Au (BBDD063), 2.00m at 8.57g/t Au (BBDD075) and 1.00m at 25.54g/t Au (BBDD068). Many of these fall outside of the current mineralisation wireframes but within the existing MRE open pit design, providing scope for add...