Receipt of $500,000 towards Mbe Signature Payment
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Oriole Resources (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, is pleased to report that, following the recently-executed definitive earn-in agreement on its Mbe gold project in Cameroon (announcements dated 19 January 2024 and 22 January 2024), it has received from BCM International Limited ('BCM'), the first tranche of US$500,000 towards the US$1 million signature payment (against which the Company had already received a US$50,000 advanced payment).
The balance of US$450,000 is due from BCM on or before 29 February 2024.
As previously announced, work programmes are currently being designed for the next phase of exploration at the Mbe, and further guidance on these will be announced in due course.
| Oriole Resources Plc | Tel: +44 (0)23 8065 1649 |
| Tim Livesey / Bob Smeeton / Claire Bay | |
| BlytheRay (IR/PR Contact) | Tel: +44 (0)20 7138 3204 |
| Tim Blythe / Megan Ray | |
| Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
| Samantha Harrison / Ciara Donnelly | |
| SP Angel Corporate Finance LLP Ewan Leggat / Harry Davies-Ball | Tel: +44 (0)20 3470 0470 |
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