Oriole Resources

Website: www.orioleresources.com
Primary ticker: LON:ORR
Stage of development: Exploration
Primary minerals: Gold and base metals
Project to promote: Bibemi, Wapouzé, Dalafin

Live financials

Oriole is focused on early-stage exploration in Cameroon and the more advanced Dalafin gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. The Company has a number of interests and royalties in companies operating throughout Africa and Turkey and is assessing new opportunities in both regions.

Management Profile

 Tim Livesey – CEO

– Geologist with three decades’ experience in gold and base metals, with a focus on Africa, Europe and Asia
– Broad range of experience in management, exploration, advanced project development, stakeholder engagement, and government relations
– Previous significant and senior roles with Anglo American, Barrick Gold Corp., Tethyan Copper Company Pty Ltd, Reservoir Minerals Inc. and Rakita Exploration
– Strong track record of delivery, both at the technical and commercial level, inclluding the sale of Reservoir Minerals to Nevsun in 2016 for C$365m
Bob Smeeton (CFO) and Claire Bay (VP Exploration & Business Development) also attending meetings.

What is your rationale for attending 121 Mining Investment?

Networking and increasing awareness of developments across the portfolio.

What recent news would you like to highlight to investors attending?

– Final Results Phase 1 Trenching, Bibemi – 21 May 2019
– IAMGOLD Completes AC drilling at Madina Bafé – 5 August 2019
– Interims – 29 August 2019
– Expands Footprint in Cameroon – 30 September 2019

What are your key goals for the next 3, 6 and 12 months?

3 Months:
– Continue exloration programme at Dalafin (IAMGOLD-funded)
– Mine permit approval at IAMGOLD’s neighbouring Boto gold project
– Mobilise drill rig to Bibemi project
– Rationalise asset portfolio

6 Months:
– Maiden drilling programme at Bibemi
– Orientation trenching at Wapouzé
– Receipt of new licences in Cameroon
– Rationalise asset portfolio

12 Months:
– IAMGOLD moving to third year of earn-in at Dalafin
– Follow-up drilling at Bibemi
– Drill targeting at Wapouzé
– Ground-truthing / early exploration of new licences in Cameroon
– Rationalise asset portfolio

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Poor market conditions / investor apetite.

In a sentence, what do you think makes your company such a compelling investment?

– Experienced technical management team
– First-mover advantage in exciting new gold territory
– Share-priced already under-pinned by US$8M deal with IAMGOLD