• Oriole Resources CEO on Wapouzé licence renewal and limestone potential

  • Jan 29 2025
  • Length: 4 mins
  • Podcast

Oriole Resources CEO on Wapouzé licence renewal and limestone potential

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  • Oriole Resources PLC (AIM:ORR) CEO Martin Rosser talked with Proactive's Stephen Gunnion about the renewal of the company’s Wapouzé licence for another two years. Rosser highlighted that this extension enables the company to advance its plan to evaluate Wapouzé’s limestone potential and attract an industrial minerals partner to fast-track development. He explained that the company initially focused on gold exploration at Wapouzé, but findings at its Bibemi project led to a shift in priorities. However, during exploration at Wapouzé, rock chip sampling identified high-grade carbonate material, which could be well-suited for the Cameroon cement industry. Rosser noted that Cameroon’s cement sector, worth approximately £700 million annually, currently relies heavily on imported clinker. Developing a domestic limestone source could provide significant economic benefits, aligning with government priorities. Beyond cement, he also pointed out that limestone is widely used in gold processing, helping to regulate pH levels, reduce cyanide consumption, and prevent acid mine drainage. Looking ahead, Oriole Resources aims to establish a royalty-based agreement for the project and advance it toward commercial production. For more interviews like this, visit Proactive’s YouTube channel. Don’t forget to like, subscribe, and turn on notifications for future updates. #OrioleResources #Mining #Limestone #Cameroon #GoldExploration #CementIndustry #Minerals #Investment #Wapouzé #MiningNews
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