Slide 1: Corporate Update
ORIOLE Corporate Update RESOURCES PLC May 2021
Slide 2: Disclaimer
DISCLAIMER This presentation and any additional documents handed out at any meeting or provided directly to potential investors (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange or by any authority which could be a competent authority for the purposes of
Slide 3: Experienced Board and Management Team
EXPERIENCED BOARD AND MANAGEMENT TEAM JOHN MCGLOIN Non-Executive Chairman ▪ Geologist and graduate of Camborne School of Mines ▪ Worked for many years in the mining industry before moving into consultancy ▪ John served as the Chairman and CEO of Amara Mining plc until 2016 when it was sold for US$85
Slide 4: Investment Opportunity
INVESTMENT OPPORTUNITY Oriole has a strong management team and the relevant expertise to deliver value for shareholders ✓ First-mover advantage in Cameroon – multiple projects with maiden drilling recently completed at Bibemi ✓ Strategically partnered in Senegal – IAMGOLD spending up to US$8m at Sen
Slide 5: Cameroon Overview - Strong First-Mover Advantage
CAMEROON OVERVIEW - STRONG FIRST-MOVER ADVANTAGE Bibemi – 51% • 177km2 gold licence in northern Cameroon • Four key prospects identified to date within 8.3km-long system – surface sampling has returned up to 135.40 g/t Au (rock-chip) and 9m @ 3.14 g/t Au (trench) • Maiden diamond drilling programme
Slide 6: Bibemi
BIBEMI Orogenic gold system identified over a strike length of 8.3km, associated with northeast-trending shear zones Mineralisation is predominantly hosted by quartz and quartz-tourmaline veins formed in the sheared contact zone between tonalite and meta-volcanic schist Diamond drilling was recently
Slide 7: Bibemi – Visible Gold
BIBEMI – VISIBLE GOLD1 BBDD014 (above) and BBDD020 (below): Visible gold within pyrite in c.20cm wide quartz-tourmaline veins at 72.50m and 69.50m downhole respectively BBDD019: Visible gold identified in pyrite stringer within c. 1m wide quartz-tourmaline vein at 70.90m downhole 1Announcement dated
Slide 8: Central Cameroon
CENTRAL CAMEROON Contiguous land package of 8 licences covering 3,592km2, granted in February 20211 • 5 licences owned 90% through Oriole Cameroon SARL • 3 licences owned 51% through RMC Cameroon SARL – close to acquiring a 90% interest at no additional cost Licences cover prime geological and struc
Slide 9: Central Cameroon
CENTRAL CAMEROON Remote sensing has identified 12 initial priority gold targets and has interpreted that TBSZ-related structures cross at least 6 of the licences Regional-scale mapping and stream sediment sampling (for gold and multi-elements) is currently underway for a planned 1,360 samples. Resul
Slide 10: Senegal Overview
SENEGAL OVERVIEW 472.5km2 Senala gold licence located in the >45 Moz gold highly- prospective & productive Kédougou- endowment* Kénéiba Inlier (‘KKI’) in eastern Senegal SENEGAL Licence tenure recently secured for a further Sadiola 7.7Moz 10 years, held within 85% owned local subsidiary Stratex-EMC1
Slide 11: Senala
SENALA Previous programmes by the Company have identified multiple geochemical targets, with multiple multi-gramme intersections close to surface at the Faré and Madina Bafé prospects IAMGOLD’s Year 1 and 2 programmes progressed well with work focused on southernmost targets, closest to IAMGOLD’s 2.
Slide 12: Senala - Faré Prospect
SENALA - FARÉ PROSPECT System hosted by north-east trending shear zone, cross-cut by east-north east and north-west structures Potential to host an open-pittable resource* due to significant mineralised zones up to 100m wide and an oxidation depth of ~80m which is good for gold recovery and low-cost
Slide 13: Senala – Madina Bafé Prospect
SENALA – MADINA BAFÉ PROSPECT 1.2km long by 30-45m wide northeast-striking mineralised zone (sheeted quartz-tourmaline veins and breccia) in the south-east of the prospect defined by early mapping, sampling and trenching1 Previous programmes have delivered up to 9.60m @ 16.08 g/t Au from diamond dri
Slide 14: Other Projects & Cash-Generative Initiatives
OTHER PROJECTS & CASH-GENERATIVE INITIATIVES Oriole is invested in multiple projects across Africa and Turkey that have the potential for revenue and cash-generation ✓ Potential for revenue from ✓ Non-participating interests in ✓ C.£165k in Research & success-based and construction two African-focus
Slide 15: Good Fiscal Discipline - Comparison of Net Costs (Normalised)
GOOD FISCAL DISCIPLINE - COMPARISON OF NET COSTS (NORMALISED*) 2500 New Board and Management in place since September 2018 2000 UK staff costs down 56% over last four years despite ramp up in exploration 1500 activities Excellent budgetary control on Cameroon 1000 programmes – reduction of net costs
Slide 16: Corporate Profile
CORPORATE PROFILE Stock information1: LON:ORR Fully diluted shareholders1 Share o/s 1,564.08M Fully diluted 1,867.58M Directors options under sacrifice Share price 0.85p 2% Other options Market cap £13.29M Directors holdings 2% 1% Cash at 31/12/21 £1.75M* Warrants with accelerator Total debt £0 10%
Slide 17: Upcoming News Flow
UPCOMING NEWS FLOW* Cameroon Results from maiden drilling at Bibemi - Q2 Completion of package-wide mapping and stream sediment sampling at the Central Licences to identify follow-up targets – Q3 Confirmation of 90% ownership of Bibemi and Wapouzé – Q2 Senegal Results from Year 4, Phase 1 work progr
Slide 18: Contacts
CONTACTS Oriole Resources PLC Tim Livesey +44 (0) 207 830 9650 Bob Smeeton Claire Bay Grant Thornton (NOMAD) +44 (0) 207 383 5100 Samantha Harrison George Grainger Shard Capital Partners LLP (Broker) +44 (0) 20 186 9900 Damon Heath Erik Woolgar Isabella Pierre Blytheweigh (Financial PR) +44 (0) 207
Slide 19: Competent Persons Statement
COMPETENT PERSONS STATEMENT The Technical Information relating to Exploration Results and Targets in this presentation has been prepared by Claire Bay, an employee of the Company, who is a Competent Person as defined by the JORC Code 2012 Edition. The information is extracted from various source rep