Oriole Resources PLC (AIM:ORR) has received US$500,000 of the signature payment from the definitive earn-in agreement on its Mbe gold project in Cameroon from BCM International.
The balance of US$450,000 for the signature payment is due from BCM on or before 29 February 2024.
“As previously announced, work programmes are currently being designed for the next phase of exploration at the Mbe, and further guidance on these will be announced in due course.”