Oriole Resources PLC (LSE:ORR) has released its interim results for H1 2025, highlighting substantial progress across its gold exploration projects in Cameroon and Senegal. The company completed its first drilling campaign at the Mbe project in Cameroon, uncovering promising gold mineralization, and is preparing an initial JORC Mineral Resource Estimate (MRE) for the MB01-S target.
At the Bibemi project, Oriole updated its Mineral Resource Estimate and continued metallurgical testing to optimize gold recovery processes. In Senegal, the company is finalizing a joint venture to advance exploration at the Senala project.
Financially, Oriole recorded a pre-tax loss of £0.57 million, reflecting higher administrative costs due to expanded operations in Cameroon. Despite this, management remains optimistic, supported by strong gold prices and positive exploration results.
About Oriole Resources PLC
Oriole Resources PLC is a gold exploration company listed on AIM, focused on projects in West and Central Africa. The firm specializes in the exploration and development of gold resources, with primary operations in Cameroon and Senegal.
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