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REG - Oracle Power PLC - Assay results of up to 71 g/t Au at Northern Zone

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RNS Number : 4708A  Oracle Power PLC  15 April 2026

15 April 2026

Oracle Power PLC

 ("Oracle" or the "Company")

 

Impressive Northern Zone Gold Project Drilling Results Continue

Assay results of up to 71 g/t gold

 

Oracle Power PLC (AIM: ORCP), an international project developer, is pleased
to announce assay results from a further 31 drillholes at the Northern Zone
Intrusive Hosted Gold Project ("Northern Zone" or the "Project"), located just
25km east of Kalgoorlie in Western Australia (refer to Figure 1 for location).
These results represent all the assays from the first drilling campaign of
2026.

 

Highlights:

·    Riversgold Limited ("Riversgold") (ASX: RGL) continues to intersect
shallow gold mineralisation as we seek to expand the gold footprint of
Northern Zone.

·    These latest results represent some of the best intercepts for grade
and width drilled at the Project so far from an individual drilling campaign.

·    Selected significant results from this latest drilling campaign
include:

 

 · 15m at 5.62 g/t Au from 48m (NZAC214)   · 10m at 1.15 g/t Au from 45m (NZAC207)
 · 8m at 9.90 g/t Au from 48m (NZAC216)    · 4m at 3.46 g/t Au from 48m (NZAC211)
 · 8m at 4.64 g/t Au from 48m (NZAC213)    · 3m at 5.90 g/t Au from 48m (NZAC219)
 · 6m at 4.05 g/t Au from 46m (NZAC212)    · 3m at 3.78 g/t Au from 69m (GEO004)
 · 10m at 3.81 g/t Au from 30m (GEO004)    · 2m at 4.19 g/t Au from 49m (NZAC221)

 

·    As previously announced, conversion of the Northern Zone's tenement
to a Mining Lease is well advanced and is expected to occur in the coming
weeks.

·    The necessary heritage clearance surveys over the Project area have
recently been completed.

·    Riversgold has previously signed a Right to Mine and Co-Operation
Agreement with MEGA Resources Pty Ltd ("MEGA") in respect of Northern Zone.

·    MEGA will provide all development and mining funding for Northern
Zone on a 50/50 profit share basis.

 

Naheed Memon, CEO of Oracle, commented:

"These latest results evidence some of the best intercepts for grade and width
that have been drilled at the Northern Zone project so far. This last set of
drill holes were designed to start testing the shallow 'saddle' area and the
results will serve to enhance MEGA Resources' mining scenario for 2026.

 

"The strong results continue to expand the lateral footprint of the Northern
Zone as we seek to make the Project materially bigger in the oxide zone. The
more we drill laterally, the more gold we find on the top of this porphyry
gold system and these exceptional drill results can guide us towards the next
drill programme."

 

These latest drill campaign results (see Tables 1-3) continue to successfully
intersect the mineralised host porphyry over an increasing footprint and
consistently validate the broader gold mineralisation model. Gold
mineralisation has been intersected and drilling has successfully tested the
important area between the central saddle and eastern mineralised zone (Figure
2), with individual metre assay results up to 71 g/t gold.

 

A key SW-NE cross-section derived from 3D Leapfrog software is illustrated in
Figure 3. The updated interpretation illustrates interplant composite gold
grade shells derived from all the Riversgold/Oracle gold results already
announced by the Company.

 

 ENDS 

 

For further information on Oracle, visit the Company's website at
http://www.oraclepower.co.uk (http://www.oraclepower.co.uk) or contact:

 

Oracle Power PLC

Naheed Memon -
CEO
+44 (0) 203 580 4314

 

Strand Hanson Limited (Nominated Adviser & Broker)

Rory Murphy, Matthew Chandler, Rob
Patrick
+44 (0) 20 7409 3494

 

St Brides Partners Limited (Financial PR)

Susie Geliher, Isabel de
Salis
+44 (0) 20 7236 1177

 

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of
the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

Competent Person's Statement

The information in this announcement that relates to exploration results,
exploration targets, mineral resources or ore reserves is based on information
compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of
Mining and Metallurgy. Mr Mead is a director of Riversgold Limited and a
consultant to the Company through Doraleda Pty Ltd. Mr Mead has sufficient
experience which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity that he is undertaking to
qualify as a Competent Person as defined in the 2012 edition of the
`Australasian Code for Reporting Exploration Results, Mineral Resources and
Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this
information in the form and context in which it appears in this announcement.

 

 

Figure 1: Location of Northern Zone project showing proximity to the
Kalgoorlie "Super Pit", Golden Mile/Fimiston.

 

 

 

 

 

Figure 2: Drill collar plan and selected significant drill intercepts. The
composite gold grade interpolant contours are derived from all the
Riversgold/Oracle drilling results up to March 2026.

Figure 3: Cross-section of 3D Leapfrog software model. The interpretation
illustrates composite gold grade shells derived from all of the
Riversgold/Oracle gold intercepts reported so far. The updated interpolant
model is constrained via a 50m buffer to all the Riversgold/Oracle drill hole
traces that have been drilled at Northern Zone since 2021, up to March 2026.
Refer to Figure 2 Drill collar plan for the location of the section line.

 

APPENDIX 1: Drilling Information

Table 1: Northern Zone Significant Intercepts from all air core drill rig
drillholes

 Hole ID  From (m)  To (m)  Width (m)  Au g/t  Intercept
 NZAC196  57        60      3          0.76    3m @ 0.76g/t Au from 57m, NZAC196
 NZAC197  46        54      8          0.69    8m @ 0.69g/t Au from 46m, NZAC197
 NZAC198  No significant intercepts
 NZAC199  No significant intercepts
 NZAC200  No significant intercepts
 NZAC201  No significant intercepts
 NZAC202  45        46      1          1.64    1m @ 1.64g/t Au from 45m, NZAC202
 NZAC203  41        42      1          1.03    4m @ 1.03g/t Au from 41m, NZAC203
 NZAC204  49        50      1          1.64    1m @ 1.64g/t Au from 49m, NZAC204
 NZAC205  59        60      1          9.33    1m @ 9.33g/t Au from 59m, NZAC205
 NZAC206  67        68      1          1.94    1m @ 1.94g/t Au from 67m (EOH), NZAC206
 NZAC207  45        55      10         1.15    10m @ 1.15g/t Au from 45m, NZAC207
 NZAC208  50        52      2          3.06    2m @ 3.06g/t Au from 50m (EOH), NZAC208
 NZAC209  No significant intercepts
 NZAC210  48        49      1          1.15    1m @ 1.15g/t Au from 48m, NZAC210
 NZAC211  48        52      4          3.46    4m @ 3.46g/t Au from 48m, NZAC211
 NZAC212  46        52      6          4.05    6m @ 4.05g/t Au from 46m, NZAC212
 NZAC213  48        56      8          4.64    8m @ 4.64g/t Au from 48m, NZAC213
 NZAC214  48        63      15         5.62    15m @ 5.62g/t Au from 48m (EOH), NZAC214
 NZAC215  49        50      1          3.79    1m @ 3.79g/t Au from 49m, NZAC215
 NZAC216  48        56      8          9.9     8m @ 9.90g/t Au from 48m, NZAC216
 NZAC217  No significant intercepts
 NZAC218  47        49      2          1.45    2m @ 1.45g/t Au from 47m, NZAC218
 NZAC219  48        51      3          5.9     3m @ 5.90g/t Au from 48m, NZAC219
 NZAC220  51        52      1          1.34    1m @ 1.34g/t Au from 51m, NZAC220
 NZAC221  49        51      2          4.19    2m @ 4.19g/t Au from 49m, NZAC221
 GEO001   No significant intercepts
 GEO002   No significant intercepts
 GEO004   30        40      10         3.81    10m @ 3.81g/t Au from 30m, GEO004
 GEO004   69        72      3          3.78    3m @ 3.78g/t Au from 69m, GEO004
 WB001    No significant intercepts

 

Table 2: Northern Zone Drill Collar Locations

 Hole ID  Type  MGA_E   MGA_N    Elevation (m)  Total Depth (m)  Dip ((o))  AZM_MGA  Date
 NZAC195  AC    381700  6592583  356.11         63               0          -90      10-02-26
 NZAC196  AC    381712  6592596  356.16         63               0          -90      10-02-26
 NZAC197  AC    381722  6592610  356.22         64               0          -90      10-02-26
 NZAC198  AC    381715  6592627  356.32         65               0          -90      13-02-26
 NZAC199  AC    381728  6592636  356.38         71               0          -90      13-02-26
 NZAC200  AC    381742  6592647  356.45         73               0          -90      14-02-26
 NZAC201  AC    381756  6592662  356.8          73               0          -90      17-02-26
 NZAC202  AC    381808  6592617  356.7          71               0          -90      17-02-26
 NZAC203  AC    381811  6592604  356.72         70               0          -90      18-02-26
 NZAC204  AC    381812  6592587  356.76         63               0          -90      18-02-26
 NZAC205  AC    381833  6592601  356.77         68               0          -90      18-02-26
 NZAC206  AC    381854  6592616  356.76         68               0          -90      19-02-26
 NZAC207  AC    381853  6592603  356.54         66               0          -90      15-02-26
 NZAC208  AC    381853  6592590  356.58         51               0          -90      16-02-26
 NZAC209  AC    381832  6592616  356.46         70               0          -90      14-02-26
 NZAC210  AC    381831  6592590  356.37         67               0          -90      15-02-26
 NZAC211  AC    381888  6592571  356.43         62               0          -90      17-02-26
 NZAC212  AC    381888  6592550  356.44         57               0          -90      16-02-26
 NZAC213  AC    381901  6592584  356.54         61               0          -90      14-02-26
 NZAC214  AC    381910  6592596  356.68         63               0          -90      16-02-26
 NZAC215  AC    381923  6592607  356.81         60               0          -90      15-02-26
 NZAC216  AC    381931  6592618  356.27         62               0          -90      13-02-26
 NZAC217  AC    381933  6592555  356.98         59               0          -90      19-02-26
 NZAC218  AC    381943  6592570  356.89         59               0          -90      20-02-26
 NZAC219  AC    381951  6592581  356.98         57               0          -90      20-02-26
 NZAC220  AC    381959  6592595  357            66               0          -90      19-02-26
 NZAC221  AC    381942  6592598  356.88         61               0          -90      20-02-26
 GEO001   AC    381836  6592731  356.75         74               0          -90      22-02-26
 GEO002   AC    381747  6592527  356.25         56               0          -90      21-02-26
 GEO004   AC    381498  6592586  356.85         78               0          -90      21-02-26
 WB001    AC    381956  6592684  356.7          72               0          -90      22-02-26

 

Table 3: Northern Zone assay results above 0.3 g/t Au from all air core drill
holes

 Hole ID  Depth From (m)  Depth To  Width  Au ppm

                          (m)       (m)
 NZAC195  36              37        1      0.4
 NZAC196  31              32        1      0.55
 NZAC196  35              36        1      0.3
 NZAC196  36              37        1      0.7
 NZAC196  54              55        1      0.35
 NZAC196  57              58        1      0.5
 NZAC196  58              59        1      1.37
 NZAC196  59              60        1      0.42
 NZAC197  46              47        1      2.56
 NZAC197  51              52        1      1.43
 NZAC197  52              53        1      0.69
 NZAC197  53              54        1      0.3
 NZAC197  63              64        1      0.39
 NZAC198  46              47        1      0.45
 NZAC200  50              51        1      0.33
 NZAC201  43              44        1      0.3
 NZAC202  45              46        1      1.64
 NZAC203  41              42        1      1.1
 NZAC203  44              45        1      2.91
 NZAC204  44              45        1      0.37
 NZAC204  49              50        1      1.64
 NZAC205  40              41        1      0.6
 NZAC205  47              48        1      0.5
 NZAC205  49              50        1      0.57
 NZAC205  58              59        1      9.33
 NZAC206  33              34        1      0.42
 NZAC206  67              68        1      1.94
 NZAC207  45              46        1      0.83
 NZAC207  49              50        1      0.64
 NZAC207  51              52        1      9.23
 NZAC207  54              55        1      0.33
 NZAC208  49              50        1      1.02
 NZAC208  50              51        1      5.09
 NZAC209  44              45        1      0.75
 NZAC209  49              50        1      0.53
 NZAC210  45              46        1      0.31
 NZAC210  48              49        1      1.15
 NZAC210  49              50        1      0.52
 NZAC211  48              49        1      1.09
 NZAC211  50              51        1      11.43
 NZAC211  51              52        1      1.27
 NZAC212  46              47        1      1.86
 NZAC212  48              49        1      2.88
 NZAC212  49              50        1      3.64
 NZAC212  50              51        1      15.08
 NZAC212  51              52        1      0.78
 NZAC213  42              43        1      0.56
 NZAC213  48              49        1      0.57
 NZAC213  50              51        1      1.54
 NZAC213  51              52        1      32.12
 NZAC213  52              53        1      0.8
 NZAC213  53              54        1      0.93
 NZAC213  55              56        1      0.96
 NZAC214  48              49        1      0.42
 NZAC214  49              50        1      0.44
 NZAC214  50              51        1      0.94
 NZAC214  51              52        1      68.12
 NZAC214  52              53        1      7.77
 NZAC214  53              54        1      0.97
 NZAC214  54              55        1      0.97
 NZAC214  55              56        1      0.46
 NZAC214  56              57        1      0.62
 NZAC214  57              58        1      0.3
 NZAC214  60              61        1      0.68
 NZAC214  61              62        1      1.5
 NZAC214  62              63        1      0.6
 NZAC215  37              38        1      0.47
 NZAC215  49              50        1      3.79
 NZAC215  57              58        1      0.39
 NZAC216  48              49        1      0.47
 NZAC216  50              51        1      3.82
 NZAC216  51              52        1      71
 NZAC216  52              53        1      0.99
 NZAC216  53              54        1      1.83
 NZAC216  55              56        1      0.78
 NZAC217  44              45        1      0.6
 NZAC218  47              48        1      1.77
 NZAC218  48              49        1      1.13
 NZAC219  48              49        1      15.87
 NZAC219  49              50        1      0.42
 NZAC219  50              51        1      1.41
 NZAC220  48              49        1      0.36
 NZAC220  49              50        1      0.4
 NZAC220  51              52        1      1.34
 NZAC221  37              38        1      0.47
 NZAC221  42              43        1      0.41
 NZAC221  49              50        1      6.14
 NZAC221  50              51        1      2.24
 GEO004   30              31        1      1.85
 GEO004   31              32        1      0.67
 GEO004   32              33        1      16.67
 GEO004   33              34        1      8.15
 GEO004   34              35        1      1.24
 GEO004   35              36        1      4.21
 GEO004   36              37        1      1.27
 GEO004   38              39        1      3.36
 GEO004   39              40        1      0.39
 GEO004   56              57        1      0.7
 GEO004   57              58        1      0.46
 GEO004   58              59        1      0.73
 GEO004   59              60        1      0.31
 GEO004   69              70        1      8.55
 GEO004   70              71        1      2.36
 GEO004   71              72        1      0.43
 WB001    40              41        1      0.39
 WB001    44              45        1      0.31
 WB001    47              48        1      0.61

 

The following Tables are provided to ensure compliance with the JORC Code
(2012 Edition) requirements for the reporting of Exploration Results at
Northern Zone.

Section 1: Sampling Techniques and Data

(Criteria in this section applies to all succeeding sections)

 

 Criteria                                                 JORC Code explanation                                                            Commentary
 Sampling techniques                                      Nature and quality of sampling (e.g. cut channels, random chips, or specific     Every metre drilled was placed on the ground.
                                                          specialised industry standard measurement tools appropriate to the minerals

                                                          under investigation, such as down hole gamma sondes, or handheld XRF             6m composites were collected using a scoop method of sampling the coarse
                                                          instruments, etc.). These examples should not be taken as limiting the broad     reject sample for the first 24m.
                                                          meaning of sampling.

                                                                                1m sampling using a rifle splitter was trialled on the clays, from 24m, with
                                                          Include reference to measures taken to ensure sample representivity and the      sampling deemed to create a high degree risk of smearing. The clays are not
                                                          appropriate calibration of any measurement tools or systems used.                wet, but have a damp characteristic. A large metal scoop was used to sample

                                                                                between 70-90% of material from each metre drilled, to total between 2-3kg
                                                          Aspects of the determination of mineralisation that are Material to the Public   samples.
                                                          Report.

                                                                                Standard reference material, sample duplicates and blanks, were undertaken at
                                                          In cases where 'industry standard' work has been done this would be relatively   25m sample intervals.
                                                          simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from

                                                          which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other    Samples were sent to the laboratory for crushing, splitting and analysis.
                                                          cases, more explanation may be required, such as where there is coarse gold

                                                          that has inherent sampling problems. Unusual commodities or mineralisation       Analysis was undertaken by Jinnings laboratories (Kalgoorlie) for gold assay
                                                          types (eg submarine nodules) may warrant disclosure of detailed information.     by 50g fire assay.
 Drilling techniques                                      Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air         Australian Aircore Drilling completed the programme using a blade to refusal.
                                                          blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or
                                                          standard tube, depth of diamond tails, face-sampling bit or other type,
                                                          whether core is oriented and if so, by what method, etc.).
 Drill sample recovery                                    Method of recording and assessing core and chip sample recoveries and results    Drill recovery was routinely recorded via estimation of the comparative
                                                          assessed.                                                                        percentage of the volume of the sample bag by the company geologist.

                                                          Measures taken to maximise sample recovery and ensure representative nature of   The sample recovery was deemed excellent for representative assays.
                                                          the samples.

                                                                                The cyclone was cleaned or checked every 6m.
                                                          Whether a relationship exists between sample recovery and grade and whether
                                                          sample bias may have occurred due to preferential loss/gain of fine/coarse
                                                          material.
 Logging                                                  Whether core and chip samples have been geologically and geotechnically logged   All holes have been geologically logged for lithology, mineralisation and
                                                          to a level of detail to support appropriate Mineral Resource estimation,         weathering. As well as whether dry, damp or wet.
                                                          mining studies and metallurgical studies.

                                                                                Logging is quantitative for presence of quartz veins. All other logging is
                                                          Whether logging is qualitative or quantitative in nature. Core (or costean,      qualitative.
                                                          channel, etc.) photography.

                                                                                A brief description of each drilling sample was recorded and a permanent
                                                          The total length and percentage of the relevant intersections logged.            record has been collected and stored in chip trays for reference.
 Sub-sampling techniques and sample preparation           If core, whether cut or sawn and whether quarter, half or all core taken.        1m sampling using a rifle splitter was trialled on the clays, from 24m, with

                                                                                sampling deemed to create a high degree risk of smearing. The clays are not
                                                          If non-core, whether riffled, tube sampled, rotary split, etc. and whether       wet, but have a damp characteristic. A large metal scoop was used to sample
                                                          sampled wet or dry.                                                              between 70-90% of material from each metre drilled, to total between 2-3kg

                                                                                samples.
                                                          For all sample types, the nature, quality and appropriateness of the sample

                                                          preparation technique.                                                           Standard reference material, sample duplicates and blanks, were undertaken at

                                                                                25m sample intervals.
                                                          Quality control procedures adopted for all sub-sampling stages to maximise

                                                          representivity of samples.                                                       Samples were sent to the laboratory for crushing, splitting and analysis.

                                                          Measures taken to ensure that the sampling is representative of the in-situ      The use of fire assay with 50g charge for all AC drilling provides a level of
                                                          material collected, including for instance results for field                     confidence in the assay database. The sampling and assaying are considered
                                                          duplicate/second-half sampling.                                                  representative of the in-situ material.

                                                          Whether sample sizes are appropriate to the grain size of the material being     The sample size of 2-3 kilograms is appropriate and representative of the
                                                          sampled.                                                                         grain size and mineralisation style of the deposit.
 Quality of assay data and laboratory tests               The nature, quality and appropriateness of the assaying and laboratory           Jinnings (Kalgoorlie) were used for all analysis of drill samples submitted by
                                                          procedures used and whether the technique is considered partial or total.        Riversgold. The laboratory techniques below are for all samples submitted to

                                                                                Jinnings and are considered appropriate for the style of mineralisation
                                                          For geophysical tools, spectrometers, handheld XRF instruments, etc., the        defined within the Northern Zone project area:
                                                          parameters used in determining the analysis including instrument make and

                                                          model, reading times, calibrations factors applied and their derivation, etc.    Samples above 3kg were riffle split.

                                                          Nature of quality control procedures adopted (e.g. standards, blanks,            Pulverise to 95% passing 75 microns
                                                          duplicates, external laboratory checks) and whether acceptable levels of

                                                          accuracy (i.e. lack of bias) and precision have been established.                50-gram Fire Assay (FA50A) - Au Duplicates, Standards and Blanks were used for
                                                                                                                                           external laboratory checks by RGL
 Verification of sampling and assaying                    The verification of significant intersections by either independent or           Intercepts were reviewed by 2 company personnel.
                                                          alternative company personnel.

                                                          The use of twinned holes.

                                                          Documentation of primary data, data entry procedures, data verification, data
                                                          storage (physical and electronic) protocols.

                                                          Discuss any adjustment to assay data.
 Location of data points                                  Accuracy and quality of surveys used to locate drill holes (collar and           The collar position of each hole has been marked out with a Garmin Inreach
                                                          down-hole surveys), trenches, mine workings and other locations used in          Explorer+ hand held GPS, and will be picked up by Spectrum Surveys
                                                          Mineral Resource estimation.                                                     (Kalgoorlie) using a DGPS.

                                                          Specification of the grid system used.

                                                          Quality and adequacy of topographic control.
 Data spacing and distribution                            Data spacing for reporting of Exploration Results.                               The holes were drilled on a nominal Northeast-Southwest 20m spacing on

                                                                                traverses 15-20m apart.
                                                          Whether the data spacing and distribution is sufficient to establish the
                                                          degree of geological and grade continuity appropriate for the Mineral Resource
                                                          and Ore Reserve estimation procedure(s) and classifications applied.

                                                          Whether sample compositing has been applied.
 Orientation of data in relation to geological structure  Whether the orientation of sampling achieves unbiased sampling of possible       Based on logging of diamond core the drill holes appear to be orientated
                                                          structures and the extent to which this is known, considering the deposit        perpendicular to strike and dip of the main mineralised structures.
                                                          type.

                                                                                An interpreted fault though the middle of the mineralisation may have caused
                                                          If the relationship between the drilling orientation and the orientation of      some displacement.
                                                          key mineralised structures is considered to have introduced a sampling bias,
                                                          this should be assessed and reported if material.
 Sample security                                          The measures taken to ensure sample security.                                    Company personnel delivered samples to Jinnings Kalgoorlie where they were
                                                                                                                                           submitted for assay.
 Audits or reviews                                        The results of any audits or reviews of sampling techniques and data.            Data reviews will be conducted on completion of further drilling.

 

 

Section 2: Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section)

 

 Criteria                                                          JORC Code explanation                                                            Commentary
 Mineral tenement and land tenure status                           Type, reference name/number, location and ownership including agreements or      The Northern Zone Project is comprised of one granted prospecting licence
                                                                   material issues with third parties such as joint ventures, partnerships,         (P25/2651) which covers an area of 82 hectares, and is held in the name of
                                                                   overriding royalties, native title interests, historical sites, wilderness or    Riversgold (Australia) Pty Ltd 80/100, Oracle Gold (WA) Pty Ltd 20/100.
                                                                   national park and environmental settings.

                                                                                The JV documents are to be formalised.
                                                                   The security of the tenure held at the time of reporting along with any known

                                                                   impediments to obtaining a licence to operate in the area.                       Oracle currently contribute pro-rata at 20% of all costs, and have the option
                                                                                                                                                    to dilute.
 Exploration done by other parties                                 Acknowledgment and appraisal of exploration by other parties.                    The majority of previous exploration in the area was by Northern Mining during
                                                                                                                                                    2007 to 2012 under the Blair North project, multiple small resource areas were
                                                                                                                                                    identified at the George's Reward area to the south of P25/2651. Numerous gold
                                                                                                                                                    intersections were recorded.
 Geology                                                           Deposit type, geological setting and style of mineralisation.                    The deposit sought is Intrusion Related Gold System (IRGS) style of mineral
                                                                                                                                                    deposit.

                                                                                                                                                    Northern Zone is hosted within a porphyry unit (Tonalite-Trondhjemite
                                                                                                                                                    Intrusion, TTI), with high background gold and horizontal gold mineralised
                                                                                                                                                    units within the TTI unit. The Northern Zone Project sits within the Canon
                                                                                                                                                    Shear or fault zone, with further drilling required to define the limits of
                                                                                                                                                    mineralisation identified to date.
 Drill hole Information                                            A summary of all information material to the understanding of the exploration    Refer to Tables and Figures within the body of the release.
                                                                   results including a tabulation of the following information for all Material
                                                                   drill holes:

                                                                   easting and northing of the drill hole collar

                                                                   elevation or RL (Reduced Level - elevation above sea level in metres) of the
                                                                   drill hole collar

                                                                   dip and azimuth of the hole

                                                                   down hole length and interception depth

                                                                   hole length.

                                                                   If the exclusion of this information is justified on the basis that the
                                                                   information is not Material and this exclusion does not detract from the
                                                                   understanding of the report, the Competent Person should clearly explain why
                                                                   this is the case.
 Data aggregation methods                                          In reporting Exploration Results, weighting averaging techniques, maximum        Intersections are weighted average grades based on a 0.001 g/t Au cut-off with
                                                                   and/or minimum grade truncations (e.g. cutting of high grades) and cut-off       unlimited waste zones but with a targeted grade of 0.4-0.6g/t Au.
                                                                   grades are usually Material and should be stated.

                                                                   Where aggregate intercepts incorporate short lengths of high-grade results and
                                                                   longer lengths of low-grade results, the procedure used for such aggregation
                                                                   should be stated and some typical examples of such aggregations should be
                                                                   shown in detail.

                                                                   The assumptions used for any reporting of metal equivalent values should be
                                                                   clearly stated.
 Relationship between mineralisation widths and intercept lengths  These relationships are particularly important in the reporting of Exploration   The diamond drilling programme in 2023 confirmed the apparent widths of
                                                                   Results.                                                                         mineralisation as being perpendicular to foliation and veining. Step out RC

                                                                                drilling to be the same as the diamond drilling. Mineralisation has been
                                                                   If the geometry of the mineralisation with respect to the drill hole angle is    determined from structural logging to be horizontal and vertical drilling is
                                                                   known, its nature should be reported.                                            therefore true width drilling.

                                                                   If it is not known and only the down hole lengths are reported, there should
                                                                   be a clear statement to this effect (eg 'down hole length, true width not
                                                                   known').
 Diagrams                                                          Appropriate maps and sections (with scales) and tabulations of intercepts        See body of the announcement for relevant diagrams and photos. Figure 3:
                                                                   should be included for any significant discovery being reported These should     Cross-section of 3D Leapfrog software model. The interpretation illustrates
                                                                   include, but not be limited to, a plan view of drill hole collar locations and   gold grade shells, derived from all of the Riversgold/Oracle gold grades (au
                                                                   appropriate sectional views.                                                     ppm) reported to the ASX to March 2026. The model is constrained via a 50m
                                                                                                                                                    buffer to all the Riversgold/Oracle drill hole traces that have been drilled
                                                                                                                                                    at Northern Zone since 2021. Refer to Figure 2 Drill collar plan for the
                                                                                                                                                    location of the section line. Figure 2: Plan view of Leapfrog software model.
                                                                                                                                                    The interpretation illustrates gold grade shells, derived from all of the
                                                                                                                                                    Riversgold/Oracle gold grades (au ppm) reported to March 2026. The figure
                                                                                                                                                    illustrates the position of the Cross-section in Figure 3, and the location of
                                                                                                                                                    the significant intercepts reported from the most recent AC drilling
                                                                                                                                                    programme. There are multiple areas that remain undrilled as noted on the
                                                                                                                                                    diagram, with mineralisation yet to be confirmed.
 Balanced reporting                                                Where comprehensive reporting of all Exploration Results is not practicable,     The reporting of exploration results is considered balanced by the competent
                                                                   representative reporting of both low and high grades and/or widths should be     person.
                                                                   practiced to avoid misleading reporting of Exploration Results.
 Other substantive exploration data                                Other exploration data, if meaningful and material, should be reported           See body of the announcement.
                                                                   including (but not limited to): geological observations; geophysical survey
                                                                   results; geochemical survey results; bulk samples - size and method of
                                                                   treatment; metallurgical test results; bulk density, groundwater, geotechnical
                                                                   and rock characteristics; potential deleterious or contaminating substances.
 Further work                                                      The nature and scale of planned further work (e.g. tests for lateral             ·     Follow up phases of drilling to further test open mineralisation,
                                                                   extensions or depth extensions or large-scale step-out drilling).                laterally and at depth.

                                                                   Diagrams clearly highlighting the areas of possible extensions, including the    ·     Complete a Mine Development and Closure Plan (MDCP)
                                                                   main geological interpretations and future drilling areas, provided this
                                                                   information is not commercially sensitive.

 

 

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