Oriole Resources Outlines Preliminary Economic Assessment for the Bibemi Gold Project in Cameroon

07:31 AM EST, 12/16/2025 (MT Newswires) -- Oriole Resources (ORR.L) said Tuesday it completed a preliminary economic assessment for its 50%-owned Bibemi open-pit gold mine project in Cameroon as it seeks an exploitation license. The study outlined a net present value, discounted at 8%, of $12.8 million, and a 19% equity internal rate of return at a base case gold price of $3,200 per ounce. The initial capital expenditure was estimated at $60.4 million, with a payback period of four years. The project was estimated to produce 72,000 ounces of gold during a seven-year mine life.