REG - Oracle Power PLC - Mining Lease Application Update

Oracle PowerAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260217:nRSQ2342Ta&default-theme=true

RNS Number : 2342T  Oracle Power PLC  17 February 2026

17 February 2026

Oracle Power PLC

 ("Oracle" or the "Company")

 

Mining Lease Application Update - Kalgoorlie Gold Project

Northern Zone Gold Project

25km East of Kalgoorlie

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to
announce that all objections to its application for a Mining Lease (M25/389)
covering the Northern Zone gold project have been settled and the Company is
now working with its lawyers to have the Mining Lease recommended for
approval, and granted by Department of Mines, Petroleum and Exploration (DMPE)
as soon as possible.

 

The Northern Zone Intrusive Hosted Gold Project, located within the Company's
Kalgoorlie Gold Project just 25 km east of Kalgoorlie in Western Australia
(refer to Figure 1 for location).

 

 

Naheed Memon, CEO of Oracle, commented:

"We finalised the native title agreements with the Marlinyu Ghoorlie Native
Title Claimant Group over the Northern Zone Gold Project at the end of last
year, and have now resolved remaining objections that clears the way for the
grant of Mining Lease M25/389. We anticipate that the Mining Lease will be
granted in the coming weeks, which will prove to be a major milestone for our
Kalgoorlie Gold Project plans with MEGA Resources."

 

 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, 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.

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDGPUAGPUPQGMQ



            Copyright 2019 Regulatory News Service, all rights reserved