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Business Summary: Oriole Resources PLC is a United Kingdom-based exploration and development company. The Company is focusing primarily on gold and high-value base metals. Its main exploration operations are located in Turkey, East Africa and West Africa. Its projects include Central License Package (CLP), Bibemi, Wapouze and Senala. The CLP is a district-scale land package in central Cameroon, located to the west of the regional capital, Ngaoundere and covering approximately 4,091 square kilometers (km2). It comprises the Eastern licenses of the CLP (Tenekou, Niambaram, Pokor, Ndom and Mbe), the Western licenses of the CLP (Mana, Dogon and Sanga) and the Gamboukou license. Bibemi is an early-stage gold exploration project, covering highly prospective Neoproterozoic Pan-African greenstone belts in north-eastern Cameroon. Wapouze is an early-stage gold exploration project, covering highly prospective Neoproterozoic Pan-African greenstone belts in north-eastern Cameroon and located 20 km north of Bibemi.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Oriole Resources PLC revenues was not reported. Net income totaled L1.2M vs. loss of L697K. Net income reflects Other gains/(losses) decrease from L340K (expense) to L1M (income).