REG - Oracle Power PLC - Northern Zone Gold Project Update
11/04/2025 07:00
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RNS Number : 6001E Oracle Power PLC 11 April 2025
11 April 2025
Oracle Power PLC
("Oracle" or the "Company")
Further Assay Results from the Northern Zone Gold Project
1,303 samples from 1,805m drill programme awaiting assay, with results to date
continuing to confirm high grade gold intercepts within a lower grade gold
halo
Oracle Power PLC (AIM: ORCP), an international project developer, is pleased
to announce the assay results from the final four angled reverse circulation
(RC) drill holes of an 11 hole, 1,289 metre programme recently completed at
the Northern Zone Intrusive Hosted Gold Project ("Northern Zone"), located 25
km east of Kalgoorlie in Western Australia (refer to Figure 1 for location).
A further 1,303 samples from a 1,805m vertical drill programme have been
submitted to the assay laboratory, with results expected over the coming
weeks.
Highlights:
o Significant gold intercepts from angled RC drill holes:
§ 11m @ 1.38 g/t Au from
80m
(NZRC015)
§ 18m @ 1.94 g/t Au from
49m
(NZRC016)
• inc. 3m @ 8.20 g/t Au from 60m
§ 14m @ 0.72 g/t Au from
41m
(NZRC017)
• inc. 3m @ 2.60 g/t Au from 52m
§ 12m @ 0.25 g/t Au from
69m
(NZRC017)
§ 9m @ 0.56 g/t Au from
93m
(NZRC017)
• inc. 1m @ 2.14 g/t Au from 101m to EOH
o All RC drillholes from the 11-hole angled programme intersected gold
mineralisation (refer to Appendix 1, table 1)
o 1,303 samples are awaiting assay from a further 32 vertical drill hole
programme targeting oxide mineralisation
o The results of recent drilling continue to confirm and enlarge the shallow
gold mineralisation associated with the Northern Zone porphyry
o The dynamic Leapfrog gold model for Northern Zone will be updated with these
latest results in the coming weeks, which will inform and guide future drill
campaigns
Naheed Memon, CEO of Oracle, commented:
"The results continue to complement previous drill programmes, and we continue
to increase the footprint of the gold mineralisation, revealing good gold
tenor within the shallower top of this considerable mineralised porphyry. We
have a further 1,303 samples in the lab awaiting assay from 32 drill holes,
that will continue the Company's consistent and regular news releases,
reporting gold results as we advance the Northern Zone Gold Project towards a
maiden MRE."
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: Northern Zone Project Map showing proximity to major Kalgoorlie gold
projects
Figure 2: Recent RC drill collar plan with gold grade contours from all
drilling results to date, and most recent drill intercepts in the
north-eastern area of high-grade gold mineralisation. Previously reported RC
drill collars are shown in grey.
Figure 3: Cross-section of 3D Leapfrog software model. The interpretation
illustrates gold grade shells, derived from all the significant intercepts
reported to the ASX to date. The model is constrained via a 25m buffer to all
the RGL/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. Previously reported RC holes are shown in grey.
Figure 4: Schematic cross-sections of the final 4 RC drill holes being
reported with location map. The model is constrained via a 25m buffer to all
the RGL/Oracle drill hole traces that have been drilled at Northern Zone since
2021.
APPENDIX 1: Drilling Information
Table 1: Northern Zone Significant Intercepts from all RC drill holes
Hole ID From (m) To (m) Width (m) Au g/t Intercept
NZRC007 40 55 15 2.1 15m @ 2.1 g/t Au from 40m , NZRC007
NZRC008 37 42 5 4.37 5m @ 4.37 g/t Au from 37m , NZRC008
NZRC009 68 69 1 0.89 1m @ 0.89 g/t Au from 68m , NZRC009
NZRC010 35 50 15 0.75 15m @ 0.75 g/t Au from 35m , NZRC010
NZRC010 107 128 21 0.53 21m @ 0.53 g/t Au from 107m , NZRC010
NZRC011 39 44 5 1.72 5m @ 1.72 g/t Au from 39m , NZRC011
NZRC011 103 107 4 0.6 4m @ 0.6 g/t Au from 103m , NZRC011
NZRC012 35 41 6 6.12 6m @ 6.12 g/t Au from 35m , NZRC012
NZRC012 70 76 6 1.03 13m @0.73 g/t Au from 70m , NZRC012
NZRC012 110 114 4 0.71 4m @ 0.71 g/t Au from 110m , NZRC012
NZRC013 41 48 7 0.66 7m @ 0.66 g/t Au from 41m , NZRC013
NZRC014 56 57 1 2.99 1m @ 2.99 g/t Au from 56m , NZRC014
NZRC015 80 91 11 1.38 11m @ 1.38 g/t Au from 80m , NZRC015
NZRC016 49 67 18 1.94 18m @ 1.94 g/t Au from 49m , NZRC016
including 60 63 3 8.20 Including 3m @ 8.20 g/t Au from 60m
NZRC017 41 55 14 0.72 14m @ 0.72 g/t Au from 41m , NZRC017
including 52 55 3 2.60 Including 3m @ 2.60 g/t Au from 52m
NZRC017 69 81 12 0.25 12m @ 0.25 g/t Au from 69m , NZRC017
NZRC017 93 102 9 0.56 9m @ 0.56 g/t Au from 93m , NZRC017
including 101 102 1 2.14 Including 1m @ 2.14 g/t Au from 101m to EOH
Table 2: Northern Zone Drill Collar Locations
Hole id Type MGA_E MGA_N Elevation (m) Total Depth (m) Dip ((o)) AZM_MGA Date
NZRC007 RC 381512 6592636 356.95 120 -60 225 04/03/25
NZRC008 RC 381560 6592644 356.82 121 -60 225 03/03/25
NZRC009 RC 381533 6592656 356.98 100 -60 225 05/03/25
NZRC010 RC 381655 6592674 356.62 180 -60 225 07/03/25
NZRC011 RC 381666 6592632 356.47 120 -60 225 08/03/25
NZRC012 RC 381607 6592572 356.66 120 -60 225 08/03/25
NZRC013 RC 381658 6592580 356.22 120 -60 225 09/03/25
NZRC014 RC 381851 6592623 356.48 102 -60 225 10/03/25
NZRC015 RC 381979 6592682 356.85 102 -60 225 10/03/25
NZRC016 RC 381823 6592922 356.47 102 -60 225 10/03/25
NZRC017 RC 381871 6592949 357.69 102 -60 225 11/03/25
Table 3: Northern Zone assay results above 0.3 g/t Au
Hole ID Depth From Depth To Width Au ppm
NZRC007 39 40 1 1.05
NZRC007 41 42 1 0.49
NZRC007 42 43 1 10.81
NZRC007 44 45 1 12.1
NZRC007 45 46 1 0.6
NZRC007 51 52 1 0.73
NZRC007 52 53 1 3.97
NZRC007 53 54 1 0.79
NZRC007 91 92 1 0.73
NZRC007 118 119 1 0.36
NZRC008 37 38 1 3.5
NZRC008 39 40 1 2.46
NZRC008 40 41 1 15.13
NZRC008 41 42 1 0.5
NZRC008 64 65 1 0.51
NZRC008 75 76 1 0.63
NZRC008 76 77 1 0.94
NZRC008 81 82 1 0.34
NZRC008 90 91 1 0.32
NZRC009 68 69 1 0.89
NZRC010 35 36 1 0.47
NZRC010 36 37 1 0.53
NZRC010 37 38 1 0.47
NZRC010 38 39 1 0.46
NZRC010 40 41 1 0.98
NZRC010 42 43 1 0.33
NZRC010 49 50 1 7.11
NZRC010 103 104 1 0.3
NZRC010 108 109 1 1.26
NZRC010 114 115 1 0.4
NZRC010 115 116 1 0.9
NZRC010 116 117 1 0.41
NZRC010 118 119 1 0.73
NZRC010 120 121 1 0.78
NZRC010 121 122 1 0.84
NZRC010 123 124 1 0.66
NZRC010 125 126 1 0.39
NZRC010 126 127 1 0.33
NZRC010 127 128 1 2.85
NZRC010 150 151 1 0.56
NZRC010 153 154 1 0.67
NZRC010 160 161 1 0.33
NZRC011 39 40 1 1.03
NZRC011 40 41 1 4.14
NZRC011 41 42 1 2.88
NZRC011 43 44 1 0.47
NZRC011 80 81 1 0.32
NZRC011 82 83 1 0.61
NZRC011 83 84 1 0.31
NZRC011 99 100 1 0.34
NZRC011 103 104 1 1.09
NZRC011 106 107 1 0.88
NZRC012 21 22 1 0.62
NZRC012 35 36 1 0.59
NZRC012 36 37 1 32.23
NZRC012 37 38 1 1.01
NZRC012 38 39 1 2.21
NZRC012 40 41 1 0.38
NZRC012 70 71 1 0.77
NZRC012 71 72 1 0.71
NZRC012 72 73 1 1.11
NZRC012 73 74 1 0.9
NZRC012 74 75 1 1.45
NZRC012 75 76 1 1.25
NZRC012 81 82 1 2.19
NZRC012 82 83 1 0.37
NZRC012 106 107 1 0.3
NZRC012 110 111 1 0.64
NZRC012 113 114 1 0.38
NZRC013 41 42 1 0.34
NZRC013 42 43 1 2.09
NZRC013 45 46 1 0.52
NZRC013 46 47 1 0.49
NZRC013 47 48 1 0.96
NZRC013 94 95 1 0.51
NZRC013 95 96 1 0.85
NZRC013 103 104 1 0.31
NZRC013 47 48 1 0.96
NZRC013 94 95 1 0.51
NZRC013 95 96 1 0.85
NZRC013 103 104 1 0.31
NZRC014 56 57 1 2.99
NZRC014 76 77 1 0.67
NZRC015 30 31 1 0.3
NZRC015 32 33 1 0.56
NZRC015 54 55 1 0.45
NZRC015 55 56 1 0.73
NZRC015 58 59 1 0.77
NZRC015 80 81 1 0.95
NZRC015 81 82 1 6.25
NZRC015 82 83 1 0.43
NZRC015 83 84 1 0.33
NZRC015 86 87 1 1.09
NZRC015 87 88 1 2.31
NZRC015 88 89 1 1.3
NZRC015 89 90 1 0.34
NZRC015 90 91 1 1.8
NZRC015 100 101 1 0.37
NZRC016 49 50 1 1.84
NZRC016 50 51 1 4.6
NZRC016 54 55 1 0.62
NZRC016 60 61 1 4.78
NZRC016 61 62 1 16.27
NZRC016 62 63 1 3.56
NZRC016 63 64 1 0.98
NZRC016 64 65 1 0.73
NZRC016 65 66 1 0.72
NZRC016 66 67 1 0.31
NZRC016 71 72 1 0.34
NZRC016 74 75 1 0.34
NZRC017 41 42 1 0.44
NZRC017 42 43 1 0.39
NZRC017 48 49 1 0.81
NZRC017 49 50 1 0.36
NZRC017 52 53 1 6.04
NZRC017 53 54 1 1.06
NZRC017 54 55 1 0.69
NZRC017 58 59 1 0.43
NZRC017 69 70 1 0.72
NZRC017 75 76 1 0.86
NZRC017 80 81 1 0.83
NZRC017 93 94 1 0.99
NZRC017 94 95 1 0.85
NZRC017 97 98 1 0.32
NZRC017 100 101 1 0.33
NZRC017 101 102 1 2.14
APPENDIX 2: JORC INFORMATION
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
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 Oracle Gold (WA) Pty Ltd.
national park and environmental settings.
RGL have farmed into the Tenement and have exceeded minimum spend of $600,000
The security of the tenure held at the time of reporting along with any known on exploration expenditure on the tenement within two years, to achieve 80%
impediments to obtaining a licence to operate in the area. ownership. RGL has notified Oracle of meeting the farmin. The JV documents are
to be formalised by December 2025. Oracle will be required to contribute
pro-rata or 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.
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 (eg 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. We believe the
step out RC drilling to be the same as the diamond drilling. The true width of
If the geometry of the mineralisation with respect to the drill hole angle is mineralisation is still to be fully ascertained.
known, its nature should be reported.
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.
should be included for any significant discovery being reported These should
include, but not be limited to a plan view of drill hole collar locations and
appropriate sectional views.
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 (eg tests for lateral extensions · Follow up phases of drilling to further test strike to be
or depth extensions or large-scale step-out drilling). undertaken.
Diagrams clearly highlighting the areas of possible extensions, including the · Complete a maiden MRE
main geological interpretations and future drilling areas, provided this
information is not commercially sensitive.
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