Oriole Resources secures fresh £1.8 m to power Cameroon gold exploration

● UK‑listed gold explorer Oriole Resources PLC (AIM: ORR) has announced a conditional placing of 750 million new ordinary shares at 0.24 pence each, raising approximately £1.8 million to fast‑track its gold exploration efforts in Cameroon. ● The proceeds will be deployed across several key fronts: a step‑out drilling programme at the MB01‑S deposit on the Mbe licence (where the mineralised zone remains open in all directions), soil sampling across the adjacent Eastern CLP licences, and advancing technical studies at the Bibemi project to underpin a future mine exploitation licence. ● An additional retail offering via the Winterflood Retail Access Platform seeks to raise up to £200,000, allowing private investors to participate in the funding round. ● CEO Martin Rosser commented: “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.” ● He added that the 2025 programme is designed to convert the existing exploration target of approximately 370,000 to 605,000 ounces of contained gold into JORC‑compliant resources, and that for 2026 the company is well‑financed to undertake a larger additional work programme including drilling at MB01‑S. Overall, the funding round signals Oriole’s intent to move from discovery toward resource definition and plus‑value creation in its Cameroon gold portfolio. #GoldExploration #OrioleResources #CameroonMining #JuniorMinerFunding #SlimScan #GrowthStocks #CANSLIM