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LONDON - Oriole Resources PLC (AIM:ORR), a gold exploration company with a focus on projects in West and Central Africa, has announced the dispatch of its Annual Report for the year ended December 31, 2024, to its shareholders. This report includes the Notice of the company’s forthcoming Annual General Meeting (AGM), along with a Form of Proxy. The AGM is set to take place at 11:00am BST on Wednesday, June 25, 2025, at the offices of Gowling WLG in London.
The company has encouraged its shareholders to vote in advance using the Form of Proxy provided. The Directors have unanimously recommended voting in favor of the proposed resolutions, indicating that they believe these actions align with the best interests of the company and its stakeholders. The Directors also plan to vote in favor of the resolutions in relation to their own shareholdings.
Oriole Resources has emphasized its commitment to gold exploration in Cameroon, where it has reported a JORC Inferred Resource of 375,000 ounces of gold at its 90% owned Bibemi project. Additionally, the company has identified extensive gold and lithium anomalies within its Central Licence Package project in the region. A partnership with BCM International is in progress, with BCM International working towards earning up to a 50% interest in the Bibemi and Mbe projects through investments and exploration expenditures.
The company also provided an update on its Senala gold project in Senegal, where AGEM Senegal Exploration Suarl, a subsidiary of the Managem Group, has completed a six-year earn-in. AGEM has acquired an approximate 59% beneficial interest in the Senala Exploration Licence by investing US$5.8 million. Discussions to establish a joint venture company for the project are currently in progress.
Furthermore, Oriole Resources holds interests and royalties in several other companies operating within East Africa and Turkey, which could potentially provide future cash payments.
The Annual Report is accessible on Oriole Resources’ website, and this announcement is based on a press release statement.
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