{"id":129280,"title":"Oriole Resources PLC (AIM: ORR) Raises £1.8m to Accelerate Cameroon Gold Exploration","publisher":"Share Talk","author":"sharetalk","published":"2025-11-14T09:23:59+00:00","modified":"2025-11-14T09:23:59+00:00","canonical_url":"https://www.share-talk.com/oriole-resources-plc-aim-orr-raises-1-8m-to-accelerate-cameroon-gold-exploration/","markdown_url":"https://www.share-talk.com/oriole-resources-plc-aim-orr-raises-1-8m-to-accelerate-cameroon-gold-exploration.md","json_url":"https://www.share-talk.com/oriole-resources-plc-aim-orr-raises-1-8m-to-accelerate-cameroon-gold-exploration.json","category":"Mining","categories":["Mining"],"tags":["Bibemi project","Cameroon","Ghana","Gold","IAMGOLD","JORC","Oriole Resources","ORR","Senala","Share Talk","Tim Livesey","West Africa"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/ORR-20_11_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Oriole Resources PLC (AIM: ORR)** has conditionally raised **£1.8 million** through a placing of **750 million new shares at 0.24p**, securing funding for an expanded exploration programme across its **Cameroon gold portfolio** during the **2025/26 field season**.\n\nThe proceeds will support a **step-out drilling campaign** at the **MB01-S deposit** on the Mbe licence — where mineralisation remains **open in all directions** — alongside **soil sampling** across nearby **Eastern CLP licences**. Funding will also advance **technical studies at the Bibemi project**, aimed at underpinning a future **exploitation licence application**.\n\nA further **retail offer** seeks to raise up to **£200,000** via the **Winterflood Retail Access Platform**, giving private investors an opportunity to participate.\n\nCEO **Martin Rosser** hailed the company’s strengthened balance sheet following the recent completion agreement with **BCM**, saying:\n\n> “With the recent announcement of the completion agreement with BCM and today’s placing, the company is in excellent financial health. Accordingly, we have appropriate funding for a busy and important work schedule planned for our Cameroon projects.”\n\nRosser also emphasised that **2025 has been a year of major field achievements**, with the next phase of exploration kicking off in December:\n\n> “This programme is designed to convert the existing Exploration Target — ranging from 370,000oz to 605,000oz of contained gold — into JORC Resources. Further details on the planned programme will be announced shortly.”\n\nLooking ahead, he added:\n\n> “For 2026 we are now well financed to undertake a significant additional programme of work, including a proposed step-out drilling programme at MB01-S. We are excited about the potential to add substantial value at all of our Cameroon projects and to intensify our focus on achieving a significant market valuation rerating for the Company.”"}