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IN BRIEF: Oracle Power touts high-grade gold at Northern Zone project

Tue, 26th Nov 2024 18:57

Oracle Power PLC - Australia and Pakistan-focused projects developer - Reports "significant" high grade gold intercepts from drilling at its Northern Zone intrusive hosted gold project in Australia, following farm-in partner Riversgold Ltd's fourth aircore programme. It expects a mineralisation report by the end of November, and intends to submit a mining lease application shortly afterwards.

Chief Executive Officer Naheed Memon says: "The Northern Zone project continues to indicate significant gold intercepts and grow the footprint, and is demonstrating high grades at relatively shallow depths over good widths within the overall 600km wide porphyry."

Current stock price: 0.030 pence

12-month change: down 25%

By Emily Parsons, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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11 Apr 2024 16:06

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11 Apr 2024 12:22

Oracle Power looks to secure funding after study gives green light

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9 Apr 2024 13:55

Oracle secures option to acquire Blue Rock Valley in Western Australia

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9 Apr 2024 12:58

Oracle Power enters exclusive option to acquire Blue Rock Valley

(Sharecast News) - Oracle Power announced an exclusive option to acquire 100% ownership of the Blue Rock Valley Copper and Silver Project in the Ashburton Basin in northwest Western Australia on Tuesday.

27 Feb 2024 17:42

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

27 Feb 2024 15:49

Oracle Power launches two studies at Jhimpir site

(Sharecast News) - Oracle Power announced on Tuesday that, alongside its joint venture company Oracle Energy, it had initiated a geotechnical study and an electrical resistivity survey (ERS) for the proposed renewable power plant site at Jhimpir, in Pakistan's Sindh province.

19 Feb 2024 18:57

TRADING UPDATES: Coro seals sale terms, Powerhouse makes good progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

19 Feb 2024 15:40

Oracle Power launches environmental assessment for Pakistan project

(Sharecast News) - Oracle Power and its joint venture company Oracle Energy announced the start of an environmental and social impact assessment (ESIA) for their renewable power plant project in Jhimpir, Sindh Province, Pakistan on Monday.

6 Feb 2024 16:19

IN BRIEF: Oracle Power completes feasibility study on Pakistan project

Oracle Power PLC - international developer of energy projects focused on Pakistan and Australia - Announces completion of technical and commercial feasibility study relating to the proposed hybrid renewable power plant for its green hydrogen and ammonia project in Pakistan. Project is targeting a 400 megawatt capacity facility to produce 55,000 tonnes of green hydrogen annually. Company says the study includes technical assessments and details regulatory and environmental considerations for the construction phase. Claims the project's proposed location in the Sindh province's Thatta district leaves it well-positioned to produce and supply green hydrogen in Pakistan and neighbouring countries.

6 Feb 2024 12:44

Oracle Power upbeat on study into proposed Pakistan hydrogen project

(Sharecast News) - Oracle Power announced the successful completion of a comprehensive technical and commercial feasibility study on Tuesday, conducted by China Electric Power Equipment and Technology (CET), a wholly owned subsidiary of State Grid Corporation of China (SGCC), along with Shanghai Investigation, and Design and Research Institute (SIDRI).

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.

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.

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.

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.

11 Jan 2024 19:51

IN BRIEF: Oracle Power says further drilling planned in Australian jv

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.

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IN BRIEF: Oracle Power touts high-grade gold at Northern Zone project

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