Oriole Resources (ORR)

Sector:

Mining

Index:

FTSE AIM All-Share

0.28p
   
  • Change Today:
      0.018p
  • 52 Week High: 0.42
  • 52 Week Low: 0.075
  • Currency: UK Pounds
  • Shares Issued: 3,895.87m
  • Volume: 32,358,145
  • Market Cap: £10.71m

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Oriole Resources awarded five new licences in Cameroon

By Josh White

Date: Wednesday 03 Feb 2021

LONDON (ShareCast) - (Sharecast News) - West Africa-focussed exploration company Oriole Resources said on Wednesday that it has, through its 90%-owned subsidiary Oriole Cameroon, been awarded five new licences in central Cameroon.
The AIM-traded firm said the licences, together with a further three new licences granted to its partner Reservoir Minerals Cameroon, a subsidiary of Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques (BEIG3), represented a contiguous, district-scale land package covering 3,592 square kilometres of "highly prospective" geological terrane.

An initial programme of desktop remote sensing and regional-scale stream sediment sampling would begin during the first half of 2021, to identify targets for follow-up.

The company said the licences had "significantly expanded" its operational base in Cameroon, complementing the more advanced exploration programmes currently ongoing at the Bibemi and Wapouzé projects.

"As first movers in Cameroon, and with further advanced exploration ongoing at our Bibemi and Wapouzé projects in the north of the country, we are extremely pleased to have received formal approval for these additional new licences in central Cameroon," said chief executive officer Tim Livesey.

"Based on our in-house prospectivity analysis in 2019, this district-scale grassroots licence package was identified as having significant potential to host orogenic-type gold mineralisation. Key geological attributes of the district include suitable host rock geology, a favourable structural location covering deep crustal structures, and historic evidence of gold mineralisation."

Livesey said it believed that the contiguous package of nearly 3,600 square kilometres offered "exciting" greenfield potential, with the company looking forward to starting its first-pass exploration programmes during the first half of the year.

At 1440 GMT, shares in Oriole Resources were up 2.35% at 1.31p.

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ORR Market Data

Currency UK Pounds
Share Price 0.28p
Change Today 0.018p
% Change 6.80 %
52 Week High 0.42
52 Week Low 0.075
Volume 32,358,145
Shares Issued 3,895.87m
Market Cap £10.71m

ORR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.00% above the market average50.00% above the market average50.00% above the market average50.00% above the market average50.00% above the market average
57.25% above the sector average57.25% above the sector average57.25% above the sector average57.25% above the sector average57.25% above the sector average
Price Trend
79.31% above the market average79.31% above the market average79.31% above the market average79.31% above the market average79.31% above the market average
87.41% above the sector average87.41% above the sector average87.41% above the sector average87.41% above the sector average87.41% above the sector average
Income Not Available
Growth Not Available

ORR Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:28 182,293 @ 0.26p
16:27 1,554,189 @ 0.26p
16:17 83 @ 0.30p
15:04 389,469 @ 0.25p
14:52 200,000 @ 0.26p

ORR Key Personnel

CEO Tim Livesey
CFO Robert Smeeton

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