Greenwood Research Report

In brief · summary, not quotable

Oriole Resources PLC has announced the publication of a new research report by Greenwood Capital Partners titled "Mbe North footprint continues to expand," which is available on the company's website. The report focuses on the ongoing expansion of the Mbe North project, a key asset for the gold exploration company operating in Central and West Africa. This news follows recent developments at Mbe, including a maiden JORC Inferred Mineral Resource Estimate of 870,000 ounces at 1.09g/t Au for the MB01-S deposit and an Exploration Target for MB01-N.

Full announcement

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Oriole Resources PLC (AIM: ORR), the AIM-quoted gold exploration company focused on Central and West Africa, is pleased to announce that Greenwood Capital Partners has published a further research report (the "Report") on the Company, commissioned by Oriole.

The Report, entitled Mbe North footprint continues to expand, is available to view via the Company's website at https://orioleresources.com/investors/analyst-coverage/

Background on Mbe

After highly encouraging results from infill soil sampling, rock-chip sampling, and trench sampling, a fully funded maiden drilling programme commenced at the MB01-S target in late November 2024 and was completed in September 2025 for 6,828.40m in 24 holes. Best drilling results included 86.50m at 1.36g/t Au from 22.00m, including 39.40m at 2.00g/t Au (hole MBDD008), 21.30m at 1.61g/t Au from 2.40m (MBDD012) and 6.15m at 19.67g/t Au from 113.50m, including 1.00m at 119.10g/t Au (MBDD019). In October 2025, a maiden MRE was published for the MB01-S deposit of 870,000oz at 1.09g/t, using a US$3,200/oz gold price and a cut-off grade of 0.40g/t Au. Mineralisation at MB01-S remains open in all directions and at depth.

At the MB01-N target, approximately 700m to the northeast of MB01-S, an Exploration Target range of 15Mt to 20Mt at 0.77g/t to 0.94g/t Au for 370,000oz to 605,000oz contained Au was published in July 2025, based on trenching data and the interpretation of geophysical and geochemical anomaly maps. The Exploration Target remains open in all directions and at depth, and it is anticipated that drilling of the target will result in a conversion to Resource ounces. A planned 2,950m drilling programme commenced in November 2025 and is scheduled for completion in Q2 2026.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.