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Oriole Resources PLC

01 February 2023

Oriole Resources PLC

('Oriole Resources' or 'the Company' or 'the Group')

SP Angel Initiation Note

Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, announces that its broker, SP Angel, has released an Initiation Note (the 'Note') on the Company. The Note: Optimising First Mover Advantage in Prospective Cameroon, is available to view on the Company's website at https://orioleresources.com/investors/analyst-coverage/ .

For further information please visit www.orioleresources.com , @OrioleResources on Twitter, or contact:

 
 Oriole Resources Plc                 Tel: +44 (0)20 7830 9650 
 Tim Livesey / Bob Smeeton / Claire 
  Bay 
 
 BlytheRay (IR/PR Contact)            Tel: +44 (0)20 7138 3204 
 Tim Blythe / Megan Ray / Rachael 
  Brooks 
 
 Grant Thornton UK LLP                Tel: +44 (0)20 7383 5100 
 Samantha Harrison / George Grainger / Ciara Donnelly 
 SP Angel Corporate Finance LLP       Tel: +44 (0)20 3470 0470 
  Ewan Leggat / Harry Davies-Ball 
 

Notes to Editors:

Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has recently reported a maiden Resource of 305,000 oz Au in the JORC Inferred at the Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. At the more advanced Senala gold project in Senegal, IAMGOLD is the operator and has the option to spend US$8 million to earn a 70% interest. Under the terms of the Option Agreement, IAMGOLD has recently met its first commitment by spending US$4 million within an initial four years and will shortly acquire a 51% interest in Senala. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.

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END

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(END) Dow Jones Newswires

February 01, 2023 07:36 ET (12:36 GMT)

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