Oriole Resources PLC (AIM:ORR) chief executive Tim Livesey joined Proactive's Stephen Gunnion with details of a definitive earn-in agreement for its Mbe gold project in Cameroon, its second deal with BCM International this month.
On 5 January, Oriole also signed an earn-in with BCM for the Bibemi project again in Cameroon.
At Mbe, BCM can earn up to 50% for a US$1 million signature payment plus U$4 million in exploration expenditure and resource-linked success payments.
Livesey also discussed encouraging sampling results from the Mbe project, completed as part of a ‘due diligence’ programme of work by BCM.