REG - Oracle Power PLC - Gravity Survey: Blue Rock Valley Project

Oracle PowerAnnouncement

30/09/2024 07:00

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RNS Number : 0737G  Oracle Power PLC  30 September 2024

 

30 September 2024

Oracle Power PLC

("Oracle" or the "Company")

 

Gravity Survey Underway at the Blue Rock Valley Project in Australia

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to
announce that a ground based gravity survey has started at the Blue Rock
Valley Copper and Silver Project ("Blue Rock" or the "Project"), located in
the Ashburton Basin in the northwest region of Western Australia.

 

Highlights:

·    Ground gravity survey underway at the approximately 102km(2) Blue
Rock project area to better define the mineralised potential following the
confirmation of high-grade rock chip and grab samples in Q3 2024.

·    High-grade rock chip and grab samples reported in July 2024 had the
following grading:

o  18.2% Copper, OBR001

o  12.34% Copper, OBR002 (refer to Figure 1)

o  25.70% Copper, OBR003

o  8.56% Copper, OBR004

o  10.08% Copper, OBR005

·    The gravity survey is intended to define areas to be prioritised for
drill targeting as the Company moves towards resource definition.

·    The gravity survey will cover the central portion of outcrop and VTEM
(Versatile Time Domain Electromagnetic) anomalies (refer to Figure 2).

·    Blue Rock is located in the highly prospective Ashburton Basin which
has been historically exploited for gold, copper, silver and lead.

 

Naheed Memon, CEO of Oracle, commented: "I am very pleased to announce that we
are on the ground at Blue Rock, where a gravity survey is now underway. The
aim of the survey is to attempt to define the high-grade copper mineralisation
and refine areas for drill targeting. We will also continue to assess the
Project for gold and uranium. I look forward to providing shareholders with
the results of the gravity survey in due course."

 

-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

 

Competent Person's Statement

The Information in this report 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 sctyle of mineralisation and type of
deposits under consideration and to the activity that he is undertaking to
qualify as a Competent Person as defined in the 2012 edition of the
`Australian 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 report.

 

Notes to Editors:

Oracle Power PLC (AIM: ORCP) is a global project development company dedicated
to maximising returns through strategic development and international
collaborations. Its diverse portfolio includes pioneering energy and resource
projects such as a Green Hydrogen and Renewable Power initiative in Pakistan,
as well as the Northern Zone Gold Project and Blue Rock Valley Copper and
Silver Project in Australia.

 

 

 

Figure 1: Photo of rich copper oxide sample taken from historical trench next
to historical shaft at Blue Rock. Sample OBR002 assayed 12.34% Copper.

 

 

 

Figure 2: Project Tenement Plan with area of proposed gravity survey in red

Figure 3: Blue Rock Valley project location and access

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