Oriole Resources acquires 51% of Reservoir Minerals Cameroon Sarl

LONDON: Oriole Resources PLC has secured a controlling position in Reservoir Minerals Cameroon Sarl (RMC Sarl), a former subsidiary of Bureau d’Etudes et d’Investigations Géologico-minières, Géotechniques et Géophysiques SARL (‘BEIG3’), for its early-stage exploration licences in Cameroon. Following completion of an initial funding commitment of US$1.56 million over two years at the Bibemi and Wapouzé…

Oriole Resources announces sale of Karaağac Mining Royalty

LONDON: Oriole Resources PLC has signed a US$300,000 sale agreement with its joint venture partner Anadolu Export Maden Sanayi ve Ticaret Limited Şirketi (‘Anadolu’), in relation to the Karaağac mining royalty in Turkey. Oriole has received an initial tranche of US$50,000 in cash from Anadolu, with the balance contingent upon the commencement of mine construction…