GOLD MINING : Oriole Resources raises nearly 2 million Euros to boost its projects in Cameroon
La voix des entreprises 
(LVDE) – This fundraising round, resulting from a share placement dedicated to new exploration campaigns in Cameroon and carried out by the British mining company Oriole Resources, aims to support its gold projects in the country.
On 14 November 2025, Oriole Resources announced the conditional raising of £1.8 million—approximately €2 million—through the issuance of 750 million shares at a unit price of £0.0024. This operation, reported by Reuters, is intended to finance ongoing activities in Cameroon, where the company is concentrating a significant portion of its exploration efforts.
According to sikafinance.com, the funds raised will be used to develop Oriole’s assets in Cameroon during the 2025/2026 field campaign. In parallel, the company plans an additional £200,000 raise through a retail offer, which could lead to the issuance of 83,333,333 shares. These funds are expected to strengthen Oriole’s working capital, thus providing a solid foundation for its future initiatives.
The operation also includes the issuance of warrants, allowing investors to acquire shares later at an agreed price. All participants in both the share placement and the retail offer will receive these warrants, exercisable at £0.0036 per share over a two-year period, making the operation particularly attractive for investors.
This initiative takes place in a context of growth for Oriole Resources’ activities in Cameroon. On 5 November 2025, the company announced it had finalized a strategic agreement with BCM International regarding the Mbé gold project in the Adamawa region. Under this agreement, BCM commits to investing $1.2 million to acquire 50% of the project, with staggered payments: $900,000 spread over three months and $300,000 dedicated to an upcoming drilling program.
This agreement is part of an initial contract signed in January 2024. Through these contributions, BCM will be able to fulfil its obligations to obtain a significant stake in the Mbé and Bibemi gold projects. The two companies have been collaborating for nearly two years on an investment plan valued at more than 2 billion CFA francs, or approximately $3.2 million.
On 21 October 2025, Oriole also released a maiden resource estimate for the Mbé permit, compliant with international JORC standards. The report, produced by the independent firm Forge International Limited, indicates the presence of approximately 870,000 ounces of gold, based on 24.8 million tonnes of ore with an average grade of 1.09 grams of gold per tonne. These figures are based on a reference price of $3,200 per ounce and a cut-off grade of 0.40 grams per tonne—critical criteria for determining the economic viability of the resources.
The reported results exceed the company’s previous forecasts, which note that the resources are classified as inferred, meaning they still require additional studies for confirmation. This preliminary estimate covers only a portion of the Mbé permit. Drilling campaigns conducted in 2024 suggest an overall potential for the site estimated between 820,000 and 1.34 million ounces of gold.
Oriole plans to release a consolidated resource assessment in the fourth quarter of 2025, following completion of the drilling program scheduled for the third quarter. In addition to the Mbé project, Oriole Resources also holds permits in Bibemi and Wapouzé in the Northern Region, thereby expanding its gold portfolio in Cameroon. This momentum reflects the company’s ambitions to become a key player in the development of Cameroon’s mining industry, striving to maximize the economic potential of its operations in the country.
Esther Grace
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