Oriole Resources PLC (LSE:ORR) confirmed it has received the initial US$300,000 payment from BCM International under a Completion Agreement that transfers a 50% stake in the Bibemi gold project to BCM. The milestone deepens the companies’ partnership as they progress toward a full joint venture and continue discussions with the Cameroon Government on securing an exploitation licence. As part of the agreement, BCM has committed to funding exploration work and drilling activity, support that is expected to boost Oriole’s operational capacity and reinforce its standing in the West and Central African gold exploration space.
More about Oriole Resources PLC
Oriole Resources PLC is an AIM-listed gold exploration group focused on early-stage projects across West and Central Africa, with a primary emphasis on Cameroon. Its portfolio includes the Mbe and Bibemi orogenic gold projects, where the company has outlined meaningful exploration targets and resource potential. Oriole also holds interests in additional jurisdictions such as Senegal, East Africa, and Turkey.
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