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Oriole Resources PLC ( (GB:ORR) ) has provided an announcement.
Oriole Resources PLC announced its final results for the year ended 31 December 2024, highlighting significant operational progress and financial health. The company completed earn-in agreements with BCM International for gold exploration licenses in Cameroon, resulting in substantial signature payments and potential future investments. The exploration activities at Bibemi and Mbe have shown promising results, with increased mineral resource estimates and successful drilling programs. Additionally, in Senegal, Oriole’s partnership with Managem Group has strengthened, leading to a joint venture agreement for the Senala license. Financially, Oriole reported a reduced loss for the year, supported by gains from agreements and asset sales, positioning the company well for future exploration activities.
More about Oriole Resources PLC
Oriole Resources PLC is an AIM-quoted exploration company focused on mining activities in West and Central Africa. The company primarily engages in gold exploration and has a significant market focus on developing its projects in Cameroon and Senegal.
YTD Price Performance: -35.38%
Average Trading Volume: 19,390,371
Technical Sentiment Signal: Strong Buy
Current Market Cap: £6.72M
See more insights into ORR stock on TipRanks’ Stock Analysis page.