Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to announce that it has conditionally raised £1.77 million before expenses (being £1.75 million in an oversubscribed placing and £0.02 million as subscriptions by certain Directors) (together, the ‘Placing’) through the issue of, in aggregate, 416,470,880 new ordinary shares (‘Placing Shares’) at a price of 0.425 pence per share (the ‘Placing Price’). The Placing Price is equal to the price of the Company’s ordinary shares at close of market on 17 September 2021. More

CEO, Tim Livesey, and CFO, Bob Smeeton, discuss the Interim Results including its progress in Senegal & Cameroon, Oriole’s asset realisation strategy, how the Company turned a profit and what to expect in the coming months – LINK

Oriole Resources PLC (LON:ORR) Tim Livesey and Bob Smeeton talk to Proactive London about their interim results for the first half of 2020. MORE

Oriole Resources PLC (LON:ORR) has signed a US$300,000 sale agreement with its joint venture partner Anadolu Export Maden Sanayi ve Ticaret Ltd Şirketi in relation to the Karaağac mining royalty in Turkey. MORE.

John McGloin is a geologist and graduate of Camborne School of Mines. John worked for many years in Africa within the mining industry before moving into consultancy. He joined Arbuthnot Banking Group following four years at Evolution Securities as their mining analyst. He is also the former Head of Mining at Collins Stewart. More recently, John served as the Chairman and Chief Executive Officer of Amara Mining plc until 2016 when it was sold for US$85 m. He is currently a non-executive director to Caledonia Mining Corporation plc and to Perseus Mining Limited. LinkedIn

Tim has 28 years’ experience in gold and base metals, with a distinct focus on Africa, Europe and Asia. He has worked at all stages of exploration, development and mining, and has a strong track record of delivery, both at the technical and commercial level within previous positions. Some of his more notable roles to date include exploration manager (Eurasia), Barrick Gold Corp., project director and later CEO of Tethyan Copper Company Pty Ltd (a Joint Venture between Antofagasta Minerals and Barrick Gold Corp, owner of the Reko Diq project in Pakistan), and more recently as COO of TSX.V-listed Reservoir Minerals Inc., which was sold in June 2016 to TSX-listed Nevsun Resources Ltd for US$365 million. Tim joined the company in March 2018. LinkedIn

Bob is a member of the Institute of Chartered Accountants in England and Wales. He trained as a chartered accountant with Price Waterhouse, qualifying in 1992, and has a BSc in geography from Durham University. Bob has extensive experience of working for AIM-quoted companies, where he has been heavily involved in turnaround situations, fund raisings and acquisitions. 

In partnership with three different CEO’s, Bob was instrumental in the turnaround and subsequent growth of AIM-listed Universe Group Plc as Group Finance Director, seeing its market capitalisation increase from £1.5m to £25m during his tenure.

Prior to the Universe Group, Bob was European Finance Director for OpSec Security Limited, where was heavily involved in formulating and implementing a very successful reconstruction plan. The restructuring plan stemmed the annual operating losses of £2.5million and moved the Company to a profit situation in the first year of its implementation. LinkedIn

David Pelham is a mineral geologist with over 35 years global exploration experience. He has overseen the discovery and early evaluation of multiple deposits, most notably including the +6 Moz Chirano Gold Mine in Ghana, as well as Hummingbird’s 4.2 Moz Dugbe gold deposit in Liberia. David has been a non-executive director to AIM-quoted Cora Gold Ltd since May 2017. LinkedIn

A Chartered geologist with over ten years’ experience in the resources sector, Claire graduated from the University of Southampton with a First Class Masters in 2007 and joined AIM-listed Stratex International shortly thereafter, where she spent the next 11 years. During her career, Claire has operated at both the technical and commercial level, with a particular focus on gold exploration in Africa and Turkey. In addition to managing the Company’s business development activities, Claire also oversees the Company’s exploration programmes and is heavily involved in the review and interpretation of technical data. LinkedIn

Bahri Yildiz is a Turkish national with an industrial career spanning more than 30 years dedicated to mineral exploration and mining geology throughout Turkey. A geology graduate of the Middle East Technical University, Bahri commenced his career in 1980 with the government’s General Directorate of Mineral Research and Exploration (MTA) where he spent ten years managing a wide range of projects relating to exploration for precious and base metals. This was followed by three years as Exploration Manager with Turkish company Yurttaslar Madencilik before he joined Dardanel Madencilik, the Turkish subsidiary of major Canadian mining company Inco Ltd in 1992 as Senior Geologist. During his final four years with Dardanel he was Exploration Manager and responsible for generating and supervising a wide range of exploration programmes throughout Turkey. Following closure of the Turkish office in 2003 he became an independent consultant before joining Stratex in April 2005. LinkedIn

A Senegalese national, Abdoul has ten years’ experience in mining and exploration geology. After completing a degree in Geosciences and a Master’s in Natural Sciences, both from the University of Dakar, Abdoul started his career as a junior geologist at Terranga Gold’s Sabodala gold mine. Abdoul subsequently joined Silvrex Limited, which was acquired by the Company’s subsidiary, Stratex West Africa, in 2012. As Project Geologist and then Senior Geologist for Stratex West Africa, Abdoul has worked on gold and base metal projects in Mauritania and the Senala (formerly Dalafin) gold project in Senegal, now under JV with IAMGOLD. Abdoul is experienced in all aspects of exploration, including planning, executing and supervising field work, management of the technical database and QAQC protocols, and liasing with the local administration. In 2019, Abdoul joined Oriole at top-company level and was promoted to Exploration Manager of Cameroon where he is currently responsible for generating and supervising exploration activities in country. LinkedIn