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Oriole Resources Confirms High-Grade Limestone at Wapouzé Project

Maiden diamond drilling at the Wapouzé limestone deposit in northeastern Cameroon returned marble units with calcium oxide grades suitable for cement manufacturing.

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Priya Anand · Equities & Earnings Desk · 24 Sept 2026 · 08:15 · 1 min read
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Oriole Resources PLC (AIM: ORR) announced that its maiden diamond drilling programme at the Wapouzé limestone project in northeastern Cameroon has confirmed significant widths of high-grade marble suitable for industrial use.

Geochemical results were received for 1,053.80 metres across 21 holes, targeting three zones over approximately 1.2 kilometres of outcropping metamorphosed limestone. Drilling reached a maximum vertical depth of 47.50 metres from surface.

Marble units were encountered in every hole, with most returning carbonate material containing more than 50% calcium oxide (CaO) and less than 2% magnesium oxide (MgO). Certain intervals exceeded 54% CaO, which the company described as potentially suitable for chemical lime manufacture.

Notable intersections included 53.50 metres at an average of 53.88% CaO and 0.88% MgO from 1.30 metres depth in hole WPDD012, and 37.15 metres at an average of 53.42% CaO and 0.82% MgO from 10.95 metres in hole WPDD014.

The project lies approximately 100 kilometres northeast of Garoua and 20 kilometres north of Oriole’s Bibemi gold project. The company holds an 85% stake in Wapouzé, which was initially explored for gold before Oriole applied for a change in commodity to marble — a request granted in 2022.

Chief Executive Officer Martin Rosser said the results demonstrate "significant intersected widths of marble at CaO and MgO grades acceptable for a potential quarrying operation supplying product for use in the cement manufacturing industry."

An independent resource consultant will use the drilling data to prepare a maiden JORC Mineral Resource Estimate and/or Exploration Target, scheduled for publication in early Q4 2026. An Environmental and Social Impact Assessment is also underway to support submission of an Exploitation Licence Application later that quarter.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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