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Pin to quick picksOracle Power Share News (ORCP)

Share Price Information for Oracle Power (ORCP)

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Share Price: 0.0195
Bid: 0.018
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Change: 0.00 (0.00%)
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Open: 0.0215
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IN BRIEF: Oracle Power says further drilling planned in Australian jv

Thu, 11th Jan 2024 19:51

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Updates shareholders on the farm-in by Riversgold Ltd on the Northern Zone Intrusive Hosted Gold Project, in Western Australia. Notes Riversgold has spent AUD273,299 to date on the exploratory works undertaken post farm in agreement. A heritage survey assessment is to be completed shortly and a programme of works is ready to be submitted thereafter. Further drilling is planned to expand the target cross section and advance the project towards a targeted maiden mineral resource estimate in 2024. Explains Riversgold now has the option to withdraw as it has spent in excess of AUD200,000 but is not expected to do so. States the planned POW will move RGL towards the aggregate AUD600,000 expenditure trigger, whereby the intended 80:20 joint venture structure between RGL and Oracle will be activated.

Current stock price: 0.03 pence, up 5.3% in London on Thursday

12-month change: down 85%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
29 Jan 2024 11:06

Oracle Power celebrates approval of work programme at Northern Zone

(Alliance News) - Oracle Power PLC on Monday said that a programme of work for drilling has been approved in Australia for a farm-in on the Northern Zone intrusive-hosted gold project.

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15 Jan 2024 14:45

Oracle Power reports solid development progress in fourth quarter

(Sharecast News) - Oracle Power updated the market on its activities during the fourth quarter of 2023 on Monday, reporting significant progress in its development projects.

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15 Jan 2024 14:45

Oracle Power reports solid development progress in fourth quarter

(Sharecast News) - Oracle Power updated the market on its activities during the fourth quarter of 2023 on Monday, reporting significant progress in its development projects.

Read more
15 Jan 2024 10:20

Oracle Power optimistic as projects advance in Pakistan and Australia

(Alliance News) - Oracle Power PLC on Monday said that it is nearing and "extending" its goal to build a portfolio of project development opportunities, as a study in Pakistan neared completion.

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11 Jan 2024 14:15

Oracle Power partner makes progress with Northern Zone exploration

(Sharecast News) - Oracle Power updated the market on the progress of the farm-in agreement by Riversgold for the Northern Zone intrusive-hosted gold project, 25 kilometres east of Kalgoorlie in Western Australia, on Thursday.

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12 Dec 2023 14:24

IN BRIEF: Gold intercepts found at Northern Zone project, says Oracle

Oracle Power PLC - Texas-based computer technology firm - Says farm-in partner Riversgold Ltd receives assay results from diamond drilling programme at the Northern Zone gold project in Western Australia. Says 5.26 grams of gold per tonne from 262 metres found. Chief Executive Officer Naheed Memon says: "With the Australian dollar gold price now pushing through AUD3,100 an ounce, the commerciality of these types of large-scale lower grade gold deposits becomes significantly more viable. The potential scale of this project linked to its good indicative conventional gold recoveries and its great location, being so close to Kalgoorlie, makes Northern Zone a highly attractive project to drill out."

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20 Oct 2023 09:46

IN BRIEF: Oracle Power hails green hydrogen project progress

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Progresses towards commercial viability of its green hydrogen project in Pakistan. Notes completion of 28 kilometres squared topography survey report using advanced drone technology to gather vital mapping data, adding that it revealed no significant obstructions to the development of the green hydrogen project. Says survey's findings will play a "crucial role" in "optimising the planning, design and construction costs for the proposed future 1.2 [gigawatt] hybrid wind and solar plants, along with the intended 400 [megawatt] green hydrogen facility." Says that it now aims for firm offtake agreements with partners and front-end engineering and design work for the planned plant.

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16 Oct 2023 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 17 October 
Diverse Income Trust PLCAGM
Gateley Holdings PLCAGM
Wednesday 18 October 
Ashmore Group PLCAGM
Barratt Developments PLCAGM
Round Hill Music Royalty Fund LtdCourt Meeting and GM re cash offer
Thursday 19 October 
Argo Group LtdAGM
Bridgepoint Group PLCGM re adding Energy Capital to platform
Direct Line Insurance Group PLCGM re sale of brokered commercial insurance business lines to RSA Insurance Ltd
Instem PLCGM re takeover by Archimed
Medtronic PLCAGM
Pantheon International PLCAGM
Rank Group PLCAGM
Friday 20 October 
GSTechnologies LtdAGM
Monday 23 October 
abrdn New Dawn Investment Trust PLCGM re scheme and associated amendments to Company's articles
City of London Investment Group PLCAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Landore Resources LtdEGM re fundraising
Mothercare PLCAGM
Naked Wines PLCGM re annual report and accounts
Oracle Power PLCGM re capital reorganisation
Provexis PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Oct 2023 10:43

AIM WINNERS & LOSERS: Oracle Power raises funds at steep discount

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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4 Oct 2023 10:42

IN BRIEF: Oracle Power shares plunge on fundraise for hydrogen project

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Enters into placing agreement to raise GBP350,000 through the placing of 1.0 billion shares at a price of 0.035 pence each. Notes agreement is conditional on the passing of related resolutions due to be proposed at a general meeting. The proceeds of the placing will primarily be used to support the advancement of the company's green hydrogen project in Pakistan. They will also help provide the company with sufficient working capital to develop its other projects.

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25 Sep 2023 10:18

Oracle Power fist half loss widens on increased overheads

(Alliance News) - Oracle Power PLC on Monday said its loss nearly doubled in the first half as costs rise.

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12 Sep 2023 10:44

AIM WINNERS & LOSERS: Ocean Harvest falls as loss widens

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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12 Sep 2023 10:22

Oracle Power completes feasibility study for green hydrogen project

(Alliance News) - Oracle Power PLC on Tuesday said it completed a technical and commercial feasibility study for its green hydrogen and green ammonia project in Pakistan.

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21 Aug 2023 13:49

Oracle Power reports progress at Northern Zone gold project

(Sharecast News) - International project developer Oracle Power updated the market on the ongoing development of the Northern Zone project by Riversgold on Monday.

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