TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Oriole Resources PLC ( (GB:ORR) ) has issued an announcement.
Oriole Resources PLC has commenced a fully funded 2,950-meter diamond drilling program at the MB01-N target of its Mbe gold project in Cameroon. This initiative follows the successful maiden drilling at the MB01-S deposit, which resulted in a JORC Inferred Mineral Resource of 870,000 ounces of gold. The new drilling program aims to convert the existing exploration target at MB01-N into JORC Resources, potentially adding 370,000 to 605,000 ounces of gold. The completion of this program is expected by late Q1 2026, and upon completion, BCM International will acquire a 50% interest in the Mbe license, enhancing the project’s resource potential and strategic importance.
More about Oriole Resources PLC
Oriole Resources PLC is an AIM-quoted gold exploration company with a focus on early-stage exploration in West and Central Africa, particularly in Cameroon. The company is engaged in identifying and developing gold anomalies, with significant projects including the Mbe and Bibemi projects in Cameroon, and the Senala gold project in Senegal. Oriole Resources is working in partnership with BCM International to advance its exploration efforts.
Average Trading Volume: 91,460,808
Technical Sentiment Signal: Sell
Current Market Cap: £9.6M
See more data about ORR stock on TipRanks’ Stock Analysis page.