Oriole Resources Provides Bibemi Project Update
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types, such as contract news, order news, trading update, or annual results. It is a general update on the progress of the Bibemi project, including ESIA, ELA, and resource estimation activities.
Key Points
- Public review of the ESIA for Bibemi has been completed with the local community
- CEO and CFO met with the Minister of Mines to discuss the ELA process
- Plans to commence further technical studies, including resource model review, metallurgical testwork, and preliminary economic assessment
Summary
Oriole Resources PLC (AIM: ORR) has provided an update on its 90% owned Bibemi orogenic gold project in Cameroon, including the ongoing Environmental and Social Impact Assessment (ESIA) and Exploitation Licence Application (ELA) processes. The company reports that the public review of the ESIA has been completed, and it is awaiting the final report from the Ministry of Environment. The company's CEO and CFO have also met with the Minister of Mines to discuss the ELA process. Additionally, the company plans to commence further technical studies, including a review of the resource model, metallurgical testwork, and preliminary economic assessment.