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The latest update is out from Oriole Resources PLC ( (GB:ORR) ).
Oriole Resources has reported the first assay results from its maiden 2,950m diamond drilling programme at the MB01-N target on its 90%-owned Mbe gold project in Cameroon, with the first two holes delivering multiple significant near-surface gold intersections, including 21.7 metres at 3.13 g/t gold and a peak interval of 1 metre at 42.5 g/t gold. The company says MB01-N shows strong geological similarities to the nearby MB01-S deposit, where it has already defined a 870,000-ounce JORC Inferred Resource, and notes that MB01-N carries a substantial JORC Exploration Target of 370,000 to 605,000 ounces; with the fully funded programme nearly half complete and due to finish in the first quarter of 2026, these early high-grade results bolster the potential to convert the target into a formal resource and could significantly enhance the overall scale of Mbe ahead of partner BCM International acquiring a 50% interest in the licence on programme completion.
The most recent analyst rating on (GB:ORR) stock is a Hold with a £0.30 price target. To see the full list of analyst forecasts on Oriole Resources PLC stock, see the GB:ORR Stock Forecast page.
Spark’s Take on GB:ORR Stock
According to Spark, TipRanks’ AI Analyst, GB:ORR is a Neutral.
The score is primarily held back by weak operating fundamentals (no revenue) and ongoing cash burn, despite a strong low-debt balance sheet. Technical indicators are moderately supportive, while valuation is constrained by negative earnings and no dividend signal.
To see Spark’s full report on GB:ORR stock, click here.
More about Oriole Resources PLC
Oriole Resources PLC is an AIM-quoted gold exploration company focused on early-stage projects in West and Central Africa, particularly Cameroon, where it is advancing district-scale gold targets such as the Mbe orogenic gold project.
Average Trading Volume: 47,226,156
Technical Sentiment Signal: Buy
Current Market Cap: £15.01M
For a thorough assessment of ORR stock, go to TipRanks’ Stock Analysis page.