Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
SP Angel Initiation Note
Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, announces that its broker, SP Angel, has released an Initiation Note (the 'Note') on the Company. The Note: Optimising First Mover Advantage in Prospective Cameroon, is available to view on the Company's website at https://orioleresources.com/investors/analyst-coverage/ .
For further information please visit www.orioleresources.com , @OrioleResources on Twitter, or contact:
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Oriole Resources Plc |
Tel: +44 (0)20 7830 9650 |
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Tim Livesey / Bob Smeeton / Claire Bay |
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BlytheRay (IR/PR Contact) |
Tel: +44 (0)20 7138 3204 |
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Tim Blythe / Megan Ray / Rachael Brooks |
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Grant Thornton UK LLP |
Tel: +44 (0)20 7383 5100 |
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Samantha Harrison / George Grainger / Ciara Donnelly |
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SP Angel Corporate Finance LLP Ewan Leggat / Harry Davies-Ball |
Tel: +44 (0)20 3470 0470 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has recently reported a maiden Resource of 305,000 oz Au in the JORC Inferred at the Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. At the more advanced Senala gold project in Senegal, IAMGOLD is the operator and has the option to spend US$8 million to earn a 70% interest. Under the terms of the Option Agreement, IAMGOLD has recently met its first commitment by spending US$4 million within an initial four years and will shortly acquire a 51% interest in Senala. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.