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Oriole Resources PLC ( (GB:ORR) ) just unveiled an update.
Oriole Resources has completed its Phase 5 drilling at the Bibemi Gold Project in Northern Cameroon, comprising 6,915.40 meters across 56 holes. The company anticipates that the results, expected this quarter, will enable a partial upgrade of the existing JORC Inferred Mineral Resource Estimate to the Measured and/or Indicated categories, potentially increasing the project’s value by leveraging improved gold price assumptions. Despite some delays, Oriole Resources demonstrates optimism about future phases, including the ongoing Mbe drilling program, which is advancing steadily.
More about Oriole Resources PLC
Oriole Resources PLC is a gold exploration company focused on West and Central Africa. The company is primarily engaged in exploring and developing gold projects, with a particular focus on the Bibemi orogenic gold project in Northern Cameroon. Oriole Resources is listed on the AIM market and is working in partnership with BCM International, which has acquired an initial interest in the Bibemi project.
YTD Price Performance: -5.77%
Average Trading Volume: 19,412,299
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.96M
For a thorough assessment of ORR stock, go to TipRanks’ Stock Analysis page.
