REG - Oracle Power PLC - Q2 2025 Overview and Shareholder Q&A

Oracle PowerAnnouncement

11/07/2025 07:00

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RNS Number : 6431Q  Oracle Power PLC  11 July 2025

11 July 2025

Oracle Power PLC
("Oracle" or the "Company")

 

Q2 2025 Overview and Shareholder Q&A

 

Oracle Power PLC (AIM: ORCP), an international project developer, is pleased
to provide the following update on its progress during Q2 2025 in respect of
its project portfolio across Western Australia and Pakistan.

 

Northern Zone Intrusive Hosted Gold Project ("Northern Zone"), Western
Australia

Q2 marked another significant period for Northern Zone:

·    Throughout the quarter, Oracle and its partner, Riversgold Limited
(ASX:RGL), completed an 11-hole, 1,289m reverse circulation (RC) drill
programme which confirmed and extended the shallow gold mineralisation
associated with the porphyry system.

·      Significant high-grade intercepts, included:

o  10m @ 8.89 g/t Au from 46m (NZAC127), including 1m @ 77.96 g/t Au from 54m

o  6m @ 6.12 g/t Au from 35m (NZRC012)

o  18m @ 1.94 g/t Au from 49m (NZRC016), including 3m @ 8.20 g/t Au from 60m

·      Metallurgical test work confirmed average gold recoveries of
92.56%, further supporting the viability of oxide mineralisation.

·      A further vertical drill programme of 1,805m was completed, with
final assay results returned and used to update the mineralisation model.

·      An additional 200 drill hole Programme of Works has been approved
by the Department of Energy, Mines, Industry Regulation and Safety.

·      Structural logging of four diamond drill holes to 500m depth is
underway, in support of a maiden Mineral Resource Estimate (MRE).

·      High-resolution drone magnetic survey completed and results being
used for structural interpretation.

·    The Mining Licence application process in ongoing.

·      Miscellaneous licences applied for in order to facilitate ore
transport to regional processing facilities.

 

Blue Rocks Valley Copper and Silver Project ("Blue Rocks"), Australia

The Company made further strides in refining and advancing its exploration
efforts at Blue Rocks:

·      In April, Apex Geoscience completed the maiden geochemical
sampling programme across a 2km mineralised strike zone.

·      Results confirmed copper anomalies consistent with known
mineralisation and revealed new zones to the northwest and southeast of the
main workings area.

·      A 320m priority target zone has been identified over the main
workings area.

·      Drill traverses have been designed to test these anomalies, with
regulatory and heritage applications underway.

·      The Company's next steps to define mineralisation are being
considered, with expansion of geochemical sampling to the North East.

·      Expert Geophysics techniques of MobileMT drone-based technology
are also being considered.

·      Drilling to test the anomalies can also be deployed, with drill
traverses proposed.

 

Green Hydrogen and Renewable Power Project, Pakistan

Oracle's green hydrogen initiative in Sindh continued to gain strategic and
regulatory momentum:

·      In March, the Government of Sindh granted an extension to the
validity period of the Letter of Intent (LOI) for the 1.3 GW renewable power
project in Jhimpir. The LOI, previously set to expire in January 2025, now
remains valid until 13 May 2026.

·      In April, the Memorandum of Understanding (MoU) to co-develop the
Green Hydrogen Project in Thatta was renewed for an additional two years,
extending its validity to 1 March 2027.

·      These developments support the project's long-term stability and
provide a firm platform for progressing FEED studies, offtake discussions and
strategic partnerships.

 

Corporate

·      In April, Oracle successfully raised gross proceeds of £318,600
via a placing. The net proceeds of this placing are being deployed to progress
the development of its projects in Australia and Pakistan.

·      Between 27-28 May, and as part of the ongoing business
development programme, CEO Naheed Memon, attended and spoke at the 2025 Middle
East Petroleum & Gas Conference (MPGC) in Bahrain.

 

Naheed Memon, CEO of Oracle, commented: "Q2 2025 has seen further progress for
Oracle across multiple fronts. At the Northern Zone, we continue to be
encouraged by the robust drilling results, the expansion of the gold system
and the high metallurgical recoveries, all of which build confidence as we
progress toward a maiden Mineral Resource Estimate. At Blue Rocks, the
identification of new copper zones adds further potential to our exploration
portfolio.

 

"We are also pleased with the support received from the Government of Sindh to
extend the validity of key project permissions for our renewable energy and
green hydrogen initiatives. These approvals underscore the strength of our
partnerships and the strategic importance of our work in Pakistan."

 

Details of a shareholder Q&A session will be published on the Company's
website later this month. To submit questions, please email
oracle@stbridespartners.co.uk (mailto:oracle@stbridespartners.co.uk) with "Q2
2025 Shareholder Q&A" in the subject line. The deadline for submission of
questions is 5 p.m. on 15 July 2025.

 

 

*ENDS*

 

For further information on Oracle, visit the Company's website at
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, Will Turner
 
+44 (0) 20 7236 1177

 

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