REG - Oracle Power PLC - Cu Target Identified over 2km - Blue Rocks Project

Oracle PowerAnnouncement

04/07/2025 07:00

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RNS Number : 7049P  Oracle Power PLC  04 July 2025

4 July 2025

Oracle Power PLC

("Oracle" or the "Company")

 

Copper Target Identified over 2km at Blue Rocks Copper Project, Australia

APEX Geoscience completed maiden geochemical sampling programme

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to
announce that results from the maiden geochemical sampling programme have
highlighted a number of strong anomalies across the project strike at the Blue
Rock Valley Copper and Silver Project (the "Project"), located in the
Ashburton Basin in the northwest region of Western Australia.

 

Highlights:

o  Geochemical copper anomalies relate well to known mineralisation, with new
zones identified to the northwest and southeast of the main workings area.

o  Priority target zone over the area of the main workings extends for
approximately 320m.

o  Drill traverses have been designed to test anomalies with regulatory and
heritage approvals to be applied for.

o  Further refinement of targets by geochemical sampling and expansion of
area and geophysics being considered.

 

Apex Geoscience has completed the maiden geochemical sampling programme over
the multiple gravity targets identified along the main Blue Rock valley copper
mineralised trend of ~2km strike, that has highlighted anomalies, refer
Figures 2, 3 and 4, with gravity, magnetics and air photo as basemap.

 

The geochemical anomalies relate well to known mineralisation, with new zones
identified to the northwest and southeast, but do not relate well to
geophysical methods used to date. Gravity data appears to relate to general
geology, and magnetics does not show any correlation. The next steps to define
mineralisation need to be considered, with expansion of geochemical sampling
to the North East, over the major crustal suture and towards higher magnetics,
and/or further geophysical techniques such as Expert Geophysics MobileMT drone
based system. Drilling to test the anomalies can also be considered, with
drill traverses proposed.

 

Conclusions:

o  The geochemical sampling programme has defined the mineralised system at
Blue Rock trending NW-SE over the survey length of ~2km.

o  The responses to the NW appear stronger and are occurring through
colluvial cover, whilst to the SE responses are weaker in near outcrop
conditions.

o  The priority target zone extents for approximately 320m centred on the
existing workings.

o  The secondary priority zone then extends to the NW for ~400m to the edge
of the sampling grid.

o  The reconnaissance sampling lines indicate the mineralised trend is open
to the NW under cover.

o  Further sampling will be required to determine the strike extent and
potential of the system.

o  The VTEM targets to the west are unlikely to be related to mineralisation
based on the lack of response on the reconnaissance lines.

o  If drilling were to be considered, it is suggested 2-3 section traverses
NW of workings, with one to the SE of workings will define potential of
immediate area of the workings.

o  Two reconnaissance drill traverses should be completed: first ~400m NW of
workings testing for extensions and the second ~800m NW of workings testing
the strong multi-element geochemical response.

 

Naheed Memon, CEO of Oracle, commented:

"It is great to get final results from the maiden geochemical sampling
programme at Blue Rocks with anomalies relating well to known mineralisation,
with new zones identified to the northwest and southeast of the main working
area, that is 320m in strike. Anomalies have been highlighted over the ~2km
strike of current work, with drill traverses designed to test the anomalies,
with regulatory and heritage approvals required. Next steps are being
considered, either to expand geochemical sampling, further geophysics or drill
test. I look forward to updating shareholders in due course as we continue
work advancing this project."

 

About Blue Rock Valley Copper and Silver Project:

 

The Project Tenement:

The Project tenement (the "Tenement") covers 32 Blocks (approximately
102km(2)) (Figure 1) and is composed of one granted exploration licence,
E08/3604. Oracle announced on 11 June 2024 that it had exercised its option to
acquire 100% of the tenement. The Tenement was granted on 2 October 2023 and
expires on 26 October 2028 but is renewable. The first term is therefore five
years with a possible initial extension of five years and further extensions
of two years thereafter, with 40% of the licence area to be surrendered at the
end of year six.

 

The Blue Rock Valley Copper and Silver Project (E08/3604) is in the Ashburton
Basin, in the northwest region of Western Australia. The site is located 165km
southeast of Onslow, the main port for the region's Iron and LNG exports,
which is a multi-user port. Access is from the Northwest Coastal Highway on a
well-maintained unsealed road. Refer to Figure 6 below for location.

 

Project Geology

The eastern portion of the Project area overlies the Wyloo Group sediments of
the Ashburton Basin which are unconformably overlain by rocks of the Edmund
Basin (previously the Bangemall Basin), which cover the western portion of the
Tenement. The contact between the Ashburton and Edmund basins is interpreted
as being a thrust contact with movement to the west and can be clearly seen in
the regional aeromagnetic image.

 

Mineralisation

The Ashburton Mineral Field (which incorporates the Project area) has a long
history of gold, copper, silver, lead and zinc exploration.

 

Several smaller prospects which were historically exploited for gold, copper,
silver and lead are located nearby including the Soldiers Secret and Top Camp
gold deposits. Small-scale production of copper, lead and silver has also been
recorded in the Ashburton Basin, mainly from the Ashburton Downs copper
deposits within the Project area and others in the region such as Kooline (Pb,
Ag) and Bali Hi (Cu-Pb-Ag) areas.

 

For further information on Oracle, visit the Company's website at
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: Blue Rock Valley project location and access

Figure 2: Geochemical results on 1VD Bouguer Gravity

Figure 3: Geochemical results for Blue Rock Valley on Reverse to Pole (RTP)
magnetics.

 

Figure 4: Geochemical results over air photo

 

 

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