REG - Oracle Power PLC - Northern Zone Gold Project Update

Oracle PowerAnnouncement

15/05/2025 13:00

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RNS Number : 8757I  Oracle Power PLC  15 May 2025

15 May 2025

Oracle Power PLC

("Oracle" or the "Company")

 

Approved Programme of Works including additional 200 Drill Holes

at the Northern Zone Gold Project in Western Australia

 

Oracle Power PLC (AIM: ORCP), an international project developer, is pleased
to announce that the Department of Energy, Mines, Industry Regulation and
Safety ('DEMIRS') has approved a Programme of Works ('PoW'), including a
further 200 drill holes, along with other current and planned activities, to
move the Northern Zone Intrusive Hosted Gold Project ('Northern Zone'),
located 25 km east of Kalgoorlie in Western Australia, towards a maiden
Mineral resource Estimate ('MRE').

 

Highlights:

·    PoW for a further two hundred (200) drill holes approved by DEMIRS

·    High resolution drone magnetic survey planned to be undertaken later
this week

·    High resolution magnetics to be used for structural interpretation

·    Structural logging of four diamond drill holes to a vertical depth of
500 metres underway, by specialist consulting group Xiraltem, in preparation
of structural and geological model for maiden MRE

·    MRE planned to be undertaken shortly

·    Metallurgical testwork underway on oxide mineralisation to add to
confidence of previous testwork

·    Mining Licence application continues through the process, with
updates expected later this month

·    Miscellaneous Licences applied for, from Northern Zone to gazetted
roads, to allow transport of ore to processing plants

 

Naheed Memon, CEO of Oracle, commented: "Leading into the maiden MRE, there
are multiple programmes that will value add to potentially moving Northern
Zone up the value chain. It's great that we gained approval for further
drilling in the same day we applied for a PoW of another 200 drill holes. We
also have metallurgy of the oxide mineralisation underway, as well as Mining
Licence approval, and application for a Miscellaneous licence that allows
connection of Northern Zone to toll treatment processing plants in the local
area. The structural and geological model being completed by Xirlatem on
diamond core will continue the solid basis for the maiden MRE. We will
continue to update shareholders as we progress the project."

 

The company has contracted Xirlatem, a Kalgoorlie based structural consulting
group, to review and relog four diamond drill holes drilled across a 600m
traverse, to confirm the structural and geological model. This will lay the
foundation for a maiden MRE. In conjunction with this, metallurgical testwork
is underway on oxide mineralisation to add to confidence of previous testwork.

 

The Mining Licence application is progressing through the Native Title
advertising period, that ends in late May 2025. We have also applied for a
Miscellaneous Licence that connects Northern Zone to gazetted roads to allow
uninterrupted access to all toll treatment processing plants in the Kalgoorlie
area. Furthermore, the company expects to receive assay results from ALS
Laboratories soon.

 

For further information on Oracle, please 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
oracle@stbridespartners.co.uk

 

 

 

 

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