Oriole Resources: Cameroon, A New Frontier for Gold Exploration
Join us for a great event!
Wed, September 30, 2020 at 12:00 PMendedReplay
Investor webinar replay
Meeting Overview The Oriel Resources Live Investment Summit featured a presentation by Tim Livesy, CEO, and Bob Steaton, CFO, discussing the company's strategic focus on gold exploration in Cameroon and its legacy assets. The meeting aimed to provide insights into the company's operations and future plans, followed by a Q&A session. Key Discussion Points - Introduction of Oriel Resources as a UK-listed junior explorer focused on Africa. - Emphasis on the new strategic push into Cameroon for gold exploration. - Overview of existing licenses in Cameroon (Bibimi and Wapusi) and their geological significance. - Discussion of the company's partnership with Canadian mining company Irongold in Senegal. - Explanation of the geological context of Cameroon and its potential for gold deposits. - Presentation of the company's exploration strategy and target areas in Cameroon. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Follow up on the exploration...
A geologist enjoying over 32 years experience in gold and base metals, with a distinct focus on Africa, Europe and Asia. Tim has worked at all stages of exploration, project development and mine operations, and has a strong track record of delivery, both at the technical and commercial level.
Some of his more notable roles whilst with Barrick Gold Corp (2000-2014) include Exploration Manager (Eurasia), CEO of Tethyan Copper Company Pty Ltd (a Joint Venture between Antofagasta Minerals and Barrick Gold Corp) and Managing Director Middle East. After leaving Barrick, Tim retained a Board role in Tethyan Copper Company and supported the Company through successful International Arbitration against the Government of Pakistan.
Moving in to the junior mining space, Tim had roles as COO of TSX.V-listed Reservoir Minerals Inc. (which was sold in June 2016 to TSX-listed Nevsun Resources Ltd for US$365 million) and Managing Director of Rakita d.o.o. Serbia (the operating company of the Cukaru Peki project) before joining the company in March 2018.
Bob is a member of the Institute of Chartered Accountants in England and Wales. He trained as a chartered accountant with Price Waterhouse, qualifying in 1992, and has a BSc in geography from Durham University. Bob has extensive experience working for AIM-quoted companies, where he has been heavily involved in turnaround situations, fundraisings and acquisitions.
In partnership with three different CEOs, Bob was instrumental in the turnaround and subsequent growth of AIM-listed Universe Group Plc as Group Finance Director, seeing its market capitalization increase from £1.5m to £25m during his tenure.
Prior to the Universe Group, Bob was European Finance Director for OpSec Security Limited, where he was heavily involved in formulating and implementing a very successful reconstruction plan. The restructuring plan stemmed annual operating losses of £2.5million and moved the Company to a profit situation in the first year of its implementation.
Replay transcript excerpt
Speaker 1: Hi, everyone, and welcome to Oriel Resources Speaker 1: Live Investment Summit today, hosted by 6. Speaker 1: We're joined today by Tim Livesy, Chief Executive Officer, Speaker 1: and Bob Steaton, Speaker 1: Chief Financial Officer. Speaker 1: Tim and Bob are going to walk you through a corporate presentation, Speaker 1: and then we're going to be accepting questions. Speaker 1: As a reminder, you can submit your questions on the right-hand side in the Q&A panel. Speaker 1: Today's presentation can also be downloaded in the handout section. Speaker 1: Without further ado, I'm going to hand it over to Tim to kick things off. Speaker 2: Thanks very much. Speaker 2: Well, Good morning, good afternoon, good evening, everybody, depending on your time zone. Speaker 2: Thanks for joining us and giving us a bit of your time for us to introduce Aureal Resources Speaker 2: to you all. We are a small Speaker 2: UK-listed, Speaker 2: AIM-listed junior explorer Speaker 2: with a focus in Africa. Speaker 2: Most of what I'm going to talk about today is a big push into Cameroon, Speaker 2: which is our new frontier as we consider it for Gold exploration. Speaker 2: Then a little bit of time on some of our legacy assets, historical assets in the company, which I'll run through and Bob will run through, and then we'll wrap it up and open up for questions later. Speaker 2: So to kick off, we've just got an opening slide here. This is a trench Speaker 2: on 1 of our Cameroonian licenses at Bibimi, north of the country. Speaker 2: Just get my Speaker 2: cursor in the right place. Speaker 2: So we are, Speaker 2: as I said, a junior explorer Speaker 2: listed in the UK. Speaker 2: We've been listed Speaker 2: in the AIM market for Speaker 2: about 15, 16 years now, but we've r...
