Oriole Resources PLC

Description

Oriole Resources PLC is an AIM-listed African gold explorer and developer focused primarily on Cameroon and Senegal. Its flagship 50%-owned Mbe project in Cameroon contains a July 2026 JORC Inferred resource of 1.66 Moz Au at 1.02 g/t, giving Oriole approximately 0.83 Moz attributable gold.

The investment case combines Mbe resource-growth potential with a more advanced development pathway at the 50%-owned Bibemi project. Bibemi hosts 460,000 oz Au at 2.06 g/t and has a PEA outlining a small open-pit operation with US$1,243/oz AISC and US$60.4M initial capex. Additional optionality comes from the Eastern CLP, Senala, Wapouzé and legacy investments and royalties.

List of Projects:

Project 1: Mbe, Cameroon — 50%-owned flagship / Gold
JORC Inferred resource of 1.66 Moz Au at 1.02 g/t, open laterally and at depth, with further drilling/resource-expansion programmes planned.

Project 2: Bibemi, Cameroon — 50%-owned / Gold / PEA-stage
460,000 oz Au resource at 2.06 g/t. PEA outlines a seven-year small-scale operation; exploitation-licence process and technical studies remain ongoing.

Project 3: Eastern CLP, Cameroon — Gold / Early exploration
District-scale licences surrounding Mbe, including Ndom, Niambaram and Pokor, offering satellite discovery potential.

Project 4: Senala, Senegal — 34.85%-owned / Gold
Minority interest following the Managem JV. Faré South contains a 155,000 oz Au Inferred resource and additional exploration-target potential.

Project 5: Wapouzé, Cameroon — 85%-owned / Limestone optionality
88 km² limestone project. Maiden drilling was completed in July 2026 and Oriole is seeking an industry partner.

Project 6: Thani Stratex Djibouti — 7.60% strategic interest
Legacy investment exposure.

Project 7: Muratdere, Turkey — Royalty interest
Oriole retains a 1.2% post-tax royalty.

Project 8: Bati Toroslar, Turkey — Contingent payments / royalty interest
Legacy transaction-related optionality through contingent payments and royalties.

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List of projects

Project details have not been added yet.

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