REG - Oracle Power PLC - Preliminary Heritage Report: Northern Zone

Oracle PowerAnnouncement

22/04/2026 07:00

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RNS Number : 3899B  Oracle Power PLC  22 April 2026

22 April 2026

Oracle Power PLC

 ("Oracle" or the "Company")

 

Preliminary Heritage Report Indicates Clearance for MDCP at the

Northern Zone Gold Project

 

Oracle Power PLC (AIM: ORCP), an international project developer, is pleased
to announce that it has received the preliminary heritage survey report from
the recently completed heritage survey over the  Northern Zone Intrusive
Hosted Gold Project ("Northern Zone Gold Project"), located  25 km east of
Kalgoorlie in Western Australia (refer to Figure 1 and Figure 2 for location).

 

Highlights

·    Oracle and Riversgold continue to advance the Northern Zone Gold
Project towards a Mine Development and Closure Plan (MDCP).

·    Approval of the MDCP will allow for mining activities to proceed
following grant of the Mining Lease.

·    As previously announced, conversion of the Northern Zone Gold Project
tenement to a Mining Lease is well advanced and is expected shortly.

·    The preliminary heritage report over P25/2888, P25/2848 and P25/2651
(M25/389) indicates that no heritage places have been identified during the
heritage survey, and it advises that the entire tenement package areas have
been cleared with regard to heritage.

·    Final heritage report is expected in about four weeks and will form
part of the MDCP submission to the Government

·    Oracle and Riversgold have  signed a Right to Mine and Co-Operation
Agreement with MEGA Resources (MEGA) for the Northern Zone Gold Project.(( 1 
(#_ftn1) ))

·    MEGA will provide all development and mining funding for the Northern
Zone Gold Project on a 50/50 profit share with the JV.

 

Naheed Memon, CEO of Oracle, commented:

"This very important heritage clearance is a tremendous step forward for the
long-term aspirations of Oracle and its co-development partner and
stakeholders. The recently completed heritage survey, conducted about two
weeks ago, has cleared the entire tenement package, including all the areas
allocated for our initial planned mining operations with MEGA Resources and
future surface and deep drilling programmes."

 

A preliminary heritage report for the Northern Zone Gold Project over
P25/2888, P25/2848 and P25/2651 (M25/389) has been received from the Kapurn,
Kalamaia and Karlaku Traditional Owners indicating that no heritage places
have been identified and the areas have been cleared.

 

Based on this preliminary report, all areas for any planned mining and drill
programmes have been cleared.

 

It should be cautioned that the current preliminary heritage report may be
subject to change with further discussions between the heritage consultants
and the Kapurn, Kalamaia and Karlaku Traditional Owners, however, it is not
expected that the final heritage report will differ significantly from the
current heritage report in its results and impact on the planned mining and
work programs.

 

The Northern Zone Gold Project is hosted within a porphyry unit
(Tonalite-Trondhjemite Intrusion, "TTI"), with high background gold and
horizontal gold mineralised units within the TTI unit. The Northern Zone
Project sits within the Canon Shear or fault zone, with further drilling
required to define the limits of mineralisation identified to date. The
horizontal mineralisation makes drilling to date perpendicular to the gold
mineralisation, and no water in drilling to a depth of 60 metres makes the TTI
also suitable for drilling with the techniques the Company has utilised to
date.

 

 END 

 

For further information on Oracle, visit the Company's website at  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: Northern Zone Project Map showing the cleared Heritage Survey Areas.

 

Figure 2: Location of Northern Zone Project showing proximity to the
Kalgoorlie "Super Pit", Golden Mile/Fimiston.

(( 1  (#_ftnref1) )) Announcement dated 30 September 2025 - "Mining and
Co-Operation Agreement with Mega Resources."

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