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An update from Oriole Resources PLC ( (GB:ORR) ) is now available.
Oriole Resources PLC has received approval for its Environmental and Social Impact Assessment (ESIA) for the Bibemi gold project in Cameroon, a crucial step towards securing an Exploitation Licence Application (ELA). This approval from Cameroon’s Ministry of Environment is expected to expedite the ELA process, with a targeted completion by Q2 2026. The approval marks a significant milestone for Oriole Resources, enhancing its operational progress and positioning in the gold exploration industry. The company plans to submit an updated technical report to further accelerate the ELA process and provide updates on the preliminary economic assessment and supporting technical studies.
More about Oriole Resources PLC
Oriole Resources PLC is an AIM-quoted gold exploration company focused on early-stage exploration in West and Central Africa, particularly in Cameroon. The company has identified significant gold anomalies at its flagship Mbe project and holds a 90% interest in the Bibemi project, where it has applied for an exploitation licence. Oriole Resources also has interests in the Senala gold project in Senegal and several other projects in East Africa and Turkey.
Average Trading Volume: 92,930,058
Technical Sentiment Signal: Sell
Current Market Cap: £9.21M
For an in-depth examination of ORR stock, go to TipRanks’ Overview page.