RCS - Oracle Power PLC - Exploration Plans: High-Grade Blue Rocks Project

Oracle PowerAnnouncement

07/11/2024 07:00

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RNS Number : 2694L  Oracle Power PLC  07 November 2024

7 November 2024

Oracle Power PLC

("Oracle" or the "Company")

 

Exploration Plans to Advance High-Grade Blue Rocks Copper Project in Australia

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to
update shareholders on the next steps at the Blue Rock Valley Copper Project
(the "Project"), located in the Ashburton Basin in the northwest region of
Western Australia.

 

The recently completed gravity survey confirmed multiple gravity targets for
follow up work along the main Blue Rock valley copper mineralised trend which
extends to approximately 2km strike. A site visit to further assess the
anomalies is being planned, along with a decision on whether to undertake
geochemical sampling. Further geophysical techniques are also being
considered, such as Expert Geophysics Limited's drone-based MobileMT system,
and to assess potential further drill locations.

 

Naheed Memon, CEO of Oracle, commented: "I am  pleased to confirm that based
on the positive results from the gravity survey at the high grade Blue Rocks
Copper Project, which identified a gravity anomaly strike of approximately 2km
in the area covered by the survey, we plan to go back on the ground to assess
the anomalies, consider potential drill locations, and look at other
techniques which can advance the project. A geochemical sampling programme is
also being considered, as well as the drone-based system, MobileMT. We look
forward to updating shareholders as we work to confirming plans to advance
this project."

 

ENDS

For further information contact:

 

 Oracle Power PLC                                        +44 (0) 20 7236 1177

 Naheed Memon - CEO
 Strand Hanson Limited (Nominated Adviser & Broker)      +44 (0) 20 7409 3494

 Rory Murphy, Matthew Chandler, Rob Patrick
 St Brides Partners Limited (Financial PR)               oracle@stbridespartners.co.uk

 Isabel de Salis, Susie Geliher

 

 

 

 

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