Oriole Resources PLC (GB:ORR) has released an update.
Oriole Resources PLC, a mining company focusing on gold exploration in West and Central Africa, reported a pre-tax profit of £1.15 million for the first half of 2024, signifying a turnaround from the previous year’s loss. The company’s financial health is bolstered by successful earn-in agreements, particularly with BCM International Limited, which could lead to a 50% interest in certain projects, and by promising exploration results from their Bibemi and Mbe projects in Cameroon. The potential establishment of Oriole’s Bibemi project as Cameroon’s first commercial gold mine underscores the company’s growth trajectory and positive prospects for its stakeholders.
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