REG - Oracle Power PLC - Kalgoorlie Gold - Native Title Agreements Signed

Oracle PowerAnnouncement

23/12/2025 07:00

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RNS Number : 5606M  Oracle Power PLC  23 December 2025

23 December 2025

Oracle Power PLC

 ("Oracle" or the "Company")

 

Kalgoorlie Gold Project - Native Title Agreements Signed

Northern Zone Gold Project

25km East of Kalgoorlie

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to
announce that it and its JV partner, Riversgold Limited ("Riversgold") have
now executed a Deed for Grant of Mining Tenement and a Land Use Agreement with
the Marlinyu Ghoorlie Native Title Claimant Group ("Marlinyu Ghoorlie"). These
agreements relate to tenements M25/389 and P25/2848 that cover the ground over
the Company's Kalgoorlie Gold Project.

 

Highlights

 

·    Important milestone achieved for the granting of a mining lease.

·    The executed key agreements with the Marlinyu Ghoorlie Native Title
Claimant Group cover the Northern Zone Gold Project ("Northern Zone"), and any
surrounding project areas.

·    The agreements set out protocols for heritage surveys, safeguards for
site protection, and streamlined grant of mining lease tenure and clearance
procedures for activities under Oracle and Riversgold's tenure.

·    Oracle and Riversgold have signed a Right to Mine and Co-Operation
Agreement with MEGA Resources (MEGA).

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

 

Naheed Memon, CEO of Oracle, commented:

"We are very pleased to have signed this very important set of agreements with
the Marlinyu Ghoorlie. These landmark agreements reflect the Northern Zone
Gold Project's owners' commitment to working in partnership with the Marlinyu
Ghoorlie people in a spirit of goodwill and mutual respect. This is a major
milestone towards the advancement of the project and a key part of what is
needed to convert the tenements to a Mining Lease and our moves to open up
Northern Zone to gold production in 2026 with MEGA."

 

These agreements provide a solid framework of cooperatively working together
to identify and protect Aboriginal Cultural Heritage on the Northern Zone
whilst allowing the Company to advance towards gold production with Mega in
2026.

 

About the MEGA Resources Right to Mine and Co-Operation Agreement for gold
production at Northern Zone:

On the 30 September 2025, Oracle announced that it had signed a binding Right
to Mine and Co-Operation Agreement with MEGA Resources (MEGA) for the right to
mine (the MEGA Agreement) with respect to its 20% owned Northern Zone Gold
Project.

 

Under the MEGA Agreement, MEGA will pay 100% of the costs to develop and mine
at Northern Zone, including paying for all ancillary activities (which
incorporates haulage of material to the point of sale, maintenance of haul
roads and processing costs).

 

In return for MEGA paying for all the upfront costs at Northern Zone, any
profit generated from this partnership will be split 50% to MEGA and 50% to
the Project Owners.

 

In May 2023, Oracle signed a farm-in agreement with Riversgold. Riversgold
advised Oracle that it had exercised its option to own the 80% interest in the
Northern Zone tenement in February 2025. Northern Zone is now owned by
Riversgold 80% and Oracle 20%, and this did not change with the MEGA
Agreement.

 

 END 

 

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, Ana Ribeiro
                                         +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.

 

 

Figure 1: Location of Northern Zone Gold Project in relation to the Kalgoorlie
Golden Mile/Fimiston "Super Pit".

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