Mbe North Drilling Progress Update

Oriole Resources PLC

23 December 2025

 

REACH

Oriole Resources PLC

('Oriole' or the 'Company')

Mbe North Drilling Progress Update

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on West and Central Africa, is pleased to provide a progress report on the maiden drilling programme at its MB01-N gold prospect, as announced on 24 November 2025.

The drilling is progressing well and has already passed 30% completion of the planned 2,950m total programme.  We look forward to reporting the first batch of drill hole assay results in the New Year.

Oriole would like to wish all of its shareholders and stakeholders a very happy festive season.

Enquires:

Oriole Resources PLC Martin Rosser / Bob Smeeton / Claire Bay	Tel: [phone]
Strand Hanson (Nomad & Broker) Christopher Raggett / James Spinney / Edward Foulkes	Tel: [phone]
IFC Advisory Ltd (Financial IR & PR) Tim Metcalfe / Graham Herring / Florence Staton	Tel: [phone] [e-mail]

Notes to Editors:

Oriole Resources PLC is an AIM-quoted gold exploration company, with projects in West and Central Africa.  It is focused on early-stage exploration in Cameroon.

At its district scale Central Licence Package, the Company has identified multi-kilometre long gold anomalies including at its flagship Mbe project.  At Mbe, the Company has published a JORC Inferred MRE of 870,000oz at 1.09g/t Au for the MB01-S zone, and an Exploration Target range of 15Mt to 20Mt at a grade of 0.77g/t to 0.94g/t Au for 370,000oz to 605,000oz contained gold for the MB01-N zone.  A fully funded maiden drilling programme commenced in November 2025 at MB01-N with the aim of converting the existing Exploration Target to a Resource.  BCM is nearing completion of US$4 million in exploration expenditure at Mbe, which will see it earn a 50% interest.

The Company has also reported a Resource of 460,000oz contained gold at 2.06g/t Au in the JORC Indicated and Inferred categories at its 50% owned Bibemi project, where it has applied for an exploitation licence.  In November 2025, BCM International completed its earn-in to a 50% interest in Bibemi by meeting certain payment conditions including spending a further US$4m on exploration.  

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly owned subsidiary of Managem Group, has completed a six-year earn-in to acquire an approximate 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million.  The Company has reported a Resource of 155,000oz contained gold at 1.26g/t Au in the JORC Inferred category for the Faré South prospect, and an additional, complementary Exploration Target range of 17Mt to 24Mt at a grade of 0.69g/t to 0.84g/t Au for 380,000oz to 650,000oz contained gold for all prospects at Senala.  Best results to date include 20.00m grading 31.13 g/t Au including 10.00m grading 60.98 g/t Au from RC drilling and 59.60m grading 2.20 g/t Au from diamond drilling.  Discussions on the formation of a joint venture company are currently underway.  The Company also has several interests and royalties in companies operating in East Africa and Turkey that could give future cash payments.

For further information please visit www.orioleresources.com,  @OrioleResources on X

 

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