Oriole has reported further results from the maiden drill programme at its 51%-owned Bibemi gold project in Cameroon. The results come from 8 holes (BBDD002-BBDD009) targeted on Bakassi Zone 1, a 5.3km long prospect at Bibemi. The results outline encouraging intercepts of gold mineralisation with over 100m vertical continuity demonstrated from surface. Some of these new drill holes were located several kilometres away from the first hole (BBDD001), highlighting the potential for a mineralised sy
Companies: Oriole Resources PLC
AfriTin* (ATM LN) – Uis mine in Namibia exceeds its Q1 planned tin concentrate output Altus Strategies* (ALS LN) – Three senior appointments Alba Mineral Resources (ALBA LN) – Drilling starts as Amitsoq Island graphite deposit in Greenland Caerus Mineral Resources (CMRS LN) – Initial drilling results from Trouli, Cyprus Endeavour Mining (EDV CN) – London listing Oriole Resources (ORR LN) – Results from maiden drilling programme at Bibemi
Companies: ATM ALBA ALS CMRS EDV ORR
The maiden drill programme at the Bibemi gold project in Cameroon is complete and rigs have started turning in Senegal where IAMGOLD has commenced its Year 4 programme at Senala. With a busy year ahead, we highlight key results to look out for and indicative timings. Oriole’s shares have performed well (Mkt cap now £13m) and we see considerable scope for a further re-rating. In addition to news from the drill bit, the gold price has been back on the climb since early April, with spot now at
AfriTin* (ATM LN) – £13m raised to expedite Phase 1 expansion of the Uis mine in Namibia Greatland Gold (GGP LN) – Decline development underway at Havieron Oriole Resources (ORR LN) – Iamgold drilling at Faré, Senegal
Companies: ATM GGP ORR
Castillo Copper (CCZ LN) – Resumption of field exploration in Queensland Gem Diamonds (GEMD LN) – Recovery of 370 carat white diamond from Letšeng Oriole Resources (ORR LN) – Drilling at Bibemi, Cameroon W Resources (WRES LN) – Receipt of regional government grant
Companies: WRES GEMD ORR CCZ
NFT Investments plc is an investment company that specialises in non-fungible tokens (NFT). Has applied for admission to the Access segment of the AQSE Growth Market. No funds being raised. Due 16 April. Thor Explorations (TSXV:THX) seeking a secondary listing on AIM. The Company is targeting Admission during Q2 2021. Segun Lawson, President & CEO, stated: “Thor Explorations has advanced significantly, in both project development and capitalisation since the acquisition of Segilola in 2016. T
Companies: RCN NCCL PRIM ORR AVCT TLY RENX CMCL ARO
Caledonia Mining* (CMCL LN) – Completion of the Central Shaft and a further rise in quarterly dividend Oriole Resources (ORR LN) – Earns 51% interest in Cameroon properties Pure Gold Mining (PUR LN) – Drilling results and ramp-up at Red Lake Serabi Gold* (SRB LN) – Local management suspensions and internal investigation in Brazil Tietto Minerals (TIE AU) – Abujar Gold PFS forecasts 168,000ozpa Au in first six years of production
Companies: PGM CMCL ORR SRB TIE
Arc Minerals* (ARCM LN) – Arc raises £1.8m and agrees to acquire licenses in Botswana for the issue of £1.2m worth of new shares Cornish Metals* (CUSN LN) – Drilling at United Downs imminent Lucara Diamonds (LUC CN) – Project finance for Karowe mine underground development Oriole Resources (ORR LN) – Reduced losses in 2020 Rainbow Rare Earths* (RBW LN) – Rainbow results show turnaround as costs fall while sales climb Resolute Mining (RSG LN) – Mining lease terminated at Bibiani Taseko Mine
Companies: CUSN LUC RSG TKO ARCM ORR RBW
Altus Strategies* (ALS LN) - BUY – Drilling intersects potential new parallel gold zone at Tabakorole Oriole Resources (ORR LN) – Senala exploration plan Rio Tinto (RIO LN) – Rio Tinto's plan to strengthen “Cultural Heritage management”
Companies: ALS ORR RIO
Arc Minerals* (ARCM LN) – Surrender of share options makes Arc a simpler takeover target Capital Limited (CAPD LN) – New contracts at Anglogold Ashanti's Geita Mine Empire Metals* (EEE LN) – Work program at Eclipse gold mine to focus on resource estimation and scale of potential open pit IronRidge Resources* (IRR LN) – High-grade lithium pegmatite drill intersections adjacent to Ewoyaa Oriole Resources (ORR LN) – Thani Stratex update Phoenix Copper* (PXC LN) – Appointment of General Manage
Companies: CAPD ARCM EEE ORR PXC SHG TSG IRR
Parsley Box, the direct to consumer provider of ready meals to the 60+ demographic, recently announced its AIM IPO plans. Parsley Box provides ready meals, which are not required to be stored in a fridge or freezer, have a shelf life of up to six months and are cooked in minutes. The company reported revenue of £24.4m for the financial year ended 31 December 2020 (unaudited). Deal details TBC and admission is expected to occur late March/ early April 2021. Caerus Mineral Resources, a London base
Companies: CER CHRT KP2 TND INL GFIN CPC ORR MDZ EVG
Gem Diamonds (GEMD LN) – US2.5cents/share dividend proposed Greatland Gold (GGP LN) – Further drilling encouragements from Havieron Oriole Resources (ORR LN) – Aircore drilling results from Faré, Senegal
Companies: GEMD GGP ORR
Altus Strategies* (ALS LN) – Tabakorole mineralisation extended to over 3km along strike Ariana Resources (AAU LN) – New veins identified at Arzu North Empire Metals* (EEE LN) – Drill results confirm presence of parallel veins at Eclipse Oriole Resources (ORR LN) – Remote sensing identifies 12 priority gold targets in central Cameroon Ormonde Mining* (ORM LN) – New ROC deal structure required to attract support of Ormonde's main shareholder Tirupati Graphite (TGR LN) – Stage II drilling co
Companies: ORM ALS AAU EEE ORR TGR
Research Tree provides access to ongoing research coverage, media content and regulatory news on Oriole Resources PLC. We currently have 157 research reports from 8 professional analysts.
i3 Energy announced that it is increasing its next-twelve-month net operating income guidance to $US44M (pro forma acquisitions and associated recompletions/drilling). Net of our estimated G&A expenditure of $US8.0M (£5.7M) that equates to an adjusted cash flow from operations estimate of $US36.0M (adjusted to nullify the effects of debt). That compares to our prior estimated adjusted cash flow from operations estimate of $US29.6M. The increase reflects operational activity, namely, the drilling
Companies: i3 Energy Plc
As midsummer’s day looms (where has this year gone?), there is greater optimism, in general, than may have been anticipated a few months ago. A post-pandemic, ‘vaccine-driven’ recovery demonstrated by increased consumer spending as lockdown measures are lifted has been one of the catalysts. The FTSE 100 has been range-bound in the last month 6,900-7,100. We have seen a combination of broadly positive company results across a range of sectors, further examples of M&A activity and a sequence of ne
Companies: AMYT ARBB ARW BAG BEG BONH BWNG CWK DNK EML EPWN FBD FA/ GPH GSF GNC HUW IGC INSE KAPE KP2 MMAG NRR NESF OTMP ROL RUA SEN SUR TON TOU TXP TGL VLS WINK
Lancaster production approval
Companies: Hurricane Energy Plc
AUCTUS PUBLICATIONS ________________________________________ Calima Energy (CE1 AU)C; Target of A$0.035 per share: Increasing investment and production outlook - Production at the end of May was 3,100 boe/d with a further eight wells expected on stream by YE21. This level of production is above forecast and reflects the strong performance of the drilling at Brooks. Calima is increasing its capex programme from C$17 mm to C$20 mm with two new wells being added to the FY21 drilling programme (exc
Companies: XOM XOM SQZ PTR MAHAA JSE FEC EQNR EQNR CNE CNE CE1 88E PEN PEN GPRK GPRK
In a significant update, Sound has announced that it has entered into an SPA with Schlumberger to acquire its full 27.5% working interest in Eastern Morocco. On completion, the transaction significantly increases Sound's discovered and undiscovered resource position in the region, ahead of ramping up its transformational phased development strategy at Tendrara. Upon securing the funds following the signing of a previously announced deal with Afriquia Gaz, the Company will remain fully funded for
Companies: Sound Energy plc
Bluejay Mining* (JAY LN) – Chinese ilmenite prices continue to rise Bushveld Minerals* (BMN LN) – Vanadium prices continue to rise in China to ~$37.7/kgV Keliber – Environmental challenges rejected by Finnish Court Zinnwald Lithium (ZNWD LN) – Acquisition of additional exploration licences in Saxony
Companies: JAY BMN ZNWD
The UK market showed a continued recovery in the first quarter albeit the indices are still well short of their all-time peaks, unlike many of their international peers. The FTSE 100 has risen by 1,186 points (21.4%) since the end of October and the FTSE 250 by 4,304 points (25.0%). The comparable performance since the start of the year is less spectacular- the FTSE 100 has risen by 253 points (3.9%) and the FTSE 250 has risen by 1,070 points (5.0%). The factors behind the sustained rally are fa
Companies: AMYT ARBB CEG BAG BVC BEG BONH BLVN BRSD CML CWK CRPR EYE ECHO FDM FAR FA/ GPH GSF HUW INSE JDG KAPE KP2 MACF MPAC MNZS NESF NBI OTMP OBD PREM QFI RUA SCS SEN SOS SUR TON TOU TXP TGL TCN UEM VLS WYN
Bastion Minerals+ (BMO AU) – Rock chip assays Bushveld Minerals* (BMN LN) – Vanadium prices rise in China to ~$37/kgV Caerus Mineral Resources (CMRS LN) – Completion of acquisition in Cyprus Cornish Metals*+ (CUSN LN) – Tin prices continue to rise following MSC suspension Nordgold - IPO is being priced at $5.1-6.6bn equity value
Companies: CUSN BMN CMRS BMO
Oil posted its third straight weekly rise on improving demand, with the International Energy Agency warning the market will need extra supply next year. Futures in New York rose 1.9% this week, extending its rally to the highest settle since October 2018. The IEA said that OPEC and its allies will need to lift output to keep the market adequately supplied, though the agency predicted demand will not reach pre-virus levels until late 2022. Meanwhile, road traffic in the US and much of Euro
Companies: FO 88E DEC EME GTC TRIN UOG
Scirocco Energy (AIM: SCIR), the AIM investing company targeting production and development opportunities within the European energy market, announced a proposed investment into Energy Acquisitions Group Ltd ("EAG"), a specialist acquisition and operating vehicle in the sustainable energy sector. The company indicated its investment of £1.2 million will be funded from current cash resources. The investment represents the first investment as part of the Company's revised strategy that targets opp
Companies: Scirocco Energy PLC
• Gas demand in Tanzania continues to be very high with YTD production averaging 80.3 mmcf/d, well above last year (58.1 mmcf/d). While gas demand is normally low during 2Q (because of hydro), we estimate 2Q21 production at ~75 mmcf/d. • As a result, Wentworth is increasing its production guidance for 2021 from 65-75 mmcf/d to 75-80 mmcf/d. • At the end of May, Wentworth held US$21.5 mm in cash and no debt. This is close to our expectations of US$21.4 mm at the end of June. This also implies th
Companies: Wentworth Resources PLC
Operational updates
Forecast and valuation update
• Initial petrophysical analysis of logs from the secondary reservoir targets of the Upper and Middle Cruse sections of the Saffron-2 well indicate approximately 165 ft of net-oil bearing reservoir sands. This includes 145 ft in the hole section from the Upper Cruse down to the Upper Middle Cruse and 20 ft in the hole section from the remaining section of the Upper Middle Cruse into the Lower Middle Cruse. • The reservoir characteristics are consistent with the Saffron-1 well, but importantly, n
Companies: Challenger Energy Group PLC
The Calabar power station, which accounts for the majority of Savannah’s Nigerian gas sales, has entered a new power supply agreement with the Republic of Togo, with more in discussion, raising the prospect of meaningful increases in Savannah’s gas supplies to the plant. These additional volumes will come at negligible additional cost, leveraging the bottom-line impact. The recently signed Mulak Energy gas sales agreement demonstrates this, boosting our 2022 earnings by 8% and our risked-NAV and
Companies: Savannah Energy Plc
