REG - Oracle Power PLC - Update on Copper Silver Project

Oracle PowerAnnouncement

30/05/2024 10:45

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RNS Number : 4723Q  Oracle Power PLC  30 May 2024

30 May 2024

Oracle Power PLC

("Oracle" or the "Company")

 

Update on Exclusive Option to Acquire 100% of a Copper and Silver Project in
the

Northwest Region of Western Australia

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to
update that, further to its announcement of 9 April 2024, the due diligence
process for the proposed 100% acquisition of the Blue Rock Valley Copper and
Silver Project (the "Project"), located in the Ashburton Basin in the
northwest region of Western Australia, is ongoing and is expected to be
completed imminently.  The Company had a 45 day period in which to complete
the due diligence process and exercise the option to acquire the Project
("Option"), which has now expired.  However, the seller has granted the
Company a further 10 day period from 29 May 2024 in which it may elect to
exercise the Option.

 

Further updates will be made in due course.

 

*ENDS*

 

For further information visit www.oraclepower.co.uk
(http://www.oraclepower.co.uk/) or contact:

 Oracle Power PLC                                              +44 (0) 203 580 4314

 Naheed Memon - CEO
 Strand Hanson Limited (Nominated Adviser & Joint Broker)      +44 (0) 20 7409 3494

 Rory Murphy, Matthew Chandler, Rob Patrick
 Global Investment Strategy UK Limited (Joint Broker)           +44 (0) 20 7048 9432

 Samantha Esqulant
 St Brides Partners Limited (Financial PR)                     +44 (0) 20 7236 1177

 Susie Geliher, Isabel de Salis

 

 

 

 

 

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