Oriole Resources PLC

Our main activity is exploration in Cameroon, where the Company identified multi-kilometre long gold anomalies within its Central Licence Package, including at its flagship Mbe project. At Mbe, the Company has published a Mineral Resource estimate of 870,000 oz contained Au at 1.09g/t Au in the JORC Inferred category at the MB01-S sub-prospect, one of two sub-prospects that make up the MB01 prospect. A JORC Exploration Target has also been published at MB01-N, the second sub-prospect that makes up MB01, which stands at between 15 and 20Mt with grades ranging from 0.77 to 0.95g/t Au for 370,000 to 605,000 oz contained Au. At the Company’s more advanced Bibemi project in northern Cameroon, a Mineral Resource estimate of 460,000 oz contained Au at 2.06g/t in the JORC Indicated and Inferred categories at the Bibemi project, and the Company has applied for an Exploitation Licence. As of November 2025, BCM International has completed an Earn-In Agreement for 50% interest in Bibemi by meeting certain payment conditions, and is currently earning up to a 50% interest in the Mbe project in return for an investment of US$1 million in signature payments, up to US$4 million in exploration expenditure.

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl (‘AGEM’), a wholly owned subsidiary of Managem Group, has completed a six-year earn-in to acquire an approximate 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million. The Company has reported a Resource of 155,000oz contained gold at 1.26g/t Au in the JORC Inferred category for the Faré South prospect, and an additional, complementary Exploration Target range of 17 to 24Mt at a grade of 0.69 to 0.84g/t Au for 380,000 to 650,000oz contained gold for all prospects at Senala. Discussions on the formation of a joint venture company are currently underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could give future cash payments.

Management Profile:

Martin Rosser - Chief Executive Officer

Martin Rosser is a chartered mining engineer with over 40 years’ practical mining industry and financial markets experience, having graduated with a degree in mining engineering from the Camborne School of Mines in 1981.

Initially, he spent five years working as a mining engineer in Australia, both on underground and surface gold mines, including time with Western Mining Corporation as Shaft Superintendent at Central Norseman. In 1987, he returned to the UK and worked as a mining analyst with two City stockbrokers until 1989, when he joined the regulated natural resources industry specialist firm of David Williamson Associates Limited as a founder employee and then executive director. During this time he developed extensive worldwide mining industry contacts in the course of providing corporate finance, mining analysis and Europe wide investor relations services to the firm’s clients.

In mid-2005 Martin joined AIM listed Alexander Mining plc and became CEO in 2007, leading the company through the finalisation of a feasibility study for an open pit copper mine in Argentina; the diversification into innovative mineral processing technology and other energy metals, including lithium; and the completion of a reverse takeover transaction in January 2020. Prior to joining Oriole, Martin worked as a mining consultant.

Eileen Carr - Independent Non-Executive Chair

Eileen is a Chartered Certified Accountant with over 30 years of experience within the resources sector, having worked worldwide on a host of large-scale mining operations. She was appointed Finance Director of Cluff Resources Limited in 1993 and has, since that time, held several executive directorships in the resources sector, including CFO for Monterrico Metals plc, the AIM-quoted copper exploration company developing the Rio Blanco project in Peru. Her first Non-Executive role was for Banro Corporation in 1998 and, more recently, Eileen held a Non-Executive Director position for AIM-quoted Bacanora Lithium plc.

Eileen is Non-Executive Chair to AIM-quoted Sylvania Platinum Limited.

Claire Bay - Executive Director, Exploration

A Chartered geologist with over 17 years’ experience in the resources sector. Claire graduated from the University of Southampton with a First Class Masters in 2007 and joined AIM-listed Stratex International shortly thereafter, where she spent the next 11 years. During her career, Claire has operated at both the technical and commercial level, with a particular focus on gold exploration in Africa and Turkey.

Claire was promoted to VP in July 2018 as part of the restructuring of the Company to Oriole Resources PLC and then to Executive Director in July 2021. Claire oversees the Group’s exploration programmes and is heavily involved in the review and interpretation of technical data, as well as co-managing the Company’s corporate development activities.

Bob Smeeton - Chief Financial Officer

Bob is a member of the Institute of Chartered Accountants in England and Wales. He trained as a chartered accountant with Price Waterhouse, qualifying in 1992, and has a BSc in geography from Durham University. Bob has extensive experience of working for AIM-quoted companies, where he has been heavily involved in turnaround situations, fund raisings and acquisitions.

In partnership with three different CEO’s, Bob was instrumental in the turnaround and subsequent growth of AIM-listed Universe Group Plc as Group Finance Director, seeing its market capitalisation increase from £1.5m to £25m during his tenure.

Prior to the Universe Group, Bob was European Finance Director for OpSec Security Limited, where was heavily involved in formulating and implementing a very successful reconstruction plan. The restructuring plan stemmed the annual operating losses of £2.5million and moved the Company to a profit situation in the first year of its implementation.

David Pelham - Independent Non-Executive Director

David Pelham is a mineral geologist with over 35 years global exploration experience. He has overseen the discovery and early evaluation of multiple deposits, most notably including the +6 Moz Chirano Gold Mine in Ghana, as well as Hummingbird’s 4.2 Moz Dugbe gold deposit in Liberia. David is Technical Advisor to Cora Gold Ltd (AIM-quoted) and Aurelia Mining (private).