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Oriole Resources PLC ( (GB:ORR) ) has provided an announcement.
Oriole Resources PLC has provided an update on its Bibemi gold project in Cameroon, highlighting the completion of a public review of its Environmental and Social Impact Assessment (ESIA) with local stakeholders. The company is awaiting a final report from Cameroon’s Ministry of Environment, which is crucial for the approval of its Exploitation Licence Application (ELA). Significant progress has been made in discussions with the Minister of Mines, and further technical and economic studies are planned to advance the project. The recent update to the JORC Mineral Resource Estimate increased the resource inventory by 23%, and further studies will assess the potential for converting more resources to the JORC Indicated category. These developments are pivotal for the company’s future operations and stakeholder interests.
More about Oriole Resources PLC
Oriole Resources PLC is a gold exploration company focused on West and Central Africa. The company’s primary project is the Bibemi orogenic gold project in Cameroon, where it holds a 90% ownership stake.
Average Trading Volume: 22,776,646
Technical Sentiment Signal: Sell
Current Market Cap: £8.96M
Learn more about ORR stock on TipRanks’ Stock Analysis page.