Oriole Resources PLC (AIM:ORR) told investors it has secured approval of its Environmental and Social Impact Assessment for the Bibemi gold project in Cameroon.
The approval from the Ministry of Environment follows stakeholder engagement and the submission of an updated ESIA report in October.
Chief executive Martin Rosser described the approval as “a major achievement,” noting that it is a prerequisite for the exploitation licence.
"We look forward to the intensification of the ELA process and negotiations in the next few months. In addition, we will soon be providing an update on the preliminary economic assessment and supporting technical studies," Rosser said.
The company said the updated technical report - covering its JORC resource, mineral processing studies, mine planning and a preliminary economic assessment - will be submitted to the Ministry of Mines this month to accelerate licence discussions.
Oriole is targeting completion of the exploitation licence process by the end of Q2 2026.