Oracle Power Share Price (ORCP)

I don't think that the news from Riversgold, the earn-in partner in the Northern Zone gold prospect, was reported here or by ORCP in depth.

The full announcement, which was released on 16th April, is in the link below. Riversgold seem to be quite keen on progressing this.

“RGL’s senior team were on site a week ago to scope the next drilling program and making plans to drill Northern Zone to deliver a maiden JORC-compliant resource. We see Northern Zone as being somewhat similar to Saturn Metals Limited’s Apollo Hill Gold Project and the early metallurgy points towards a potential heap leach operation.”

"Located 175km due north of Northern Zone, Saturn Metals Limited has released a Preliminary Economic Assessment (PEA) on the Apollo Hill Gold project that has a resource of 105Mt at 0.54g/t gold for 1.839Moz. RGL views the Apollo Hill project as an example of what we are looking to achieve at Northern Zone, albeit with Northern Zone being a potentially larger project."

https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240415:nASX8g631m

I fully expect this to go t*ts up at some point, if anything good comes of my holding here I'll eat my hat.

Thanks for posting, just listened to it, dreadful, same old same old, zero confidence in the woman, heard it all before......she says they only raise funds as and when needed but that has proved disastrous, raise more than you need at a higher SP to see you through instead of dribs and drabs with increasingly discounted placings.

Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company. https://twitter.com/Share_Talk/status/1783066017213628727

https://audioboom.com/posts/8495129-oracle-power-aim-orcp-shareholder-q-a-q1-2024-zaks-traders-cafe

Wow… a MOU, those worthless non binding pieces of paper?

You mean the MOU and the offtake deal that was to be signed during COP? Which never happened.