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Share Price: 0.016

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Change: -0.001 (-5.88%)

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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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22 Jun 2023 08:57

LONDON MARKET OPEN: FTSE 100 struggles ahead of anticipated BoE hike

(Alliance News) - Stock prices in London opened lower on Thursday, ahead of the Bank of England's interest rate decision at midday, which is expected to result in the central bank's 13th consecutive hike.

5 Jun 2023 12:41

Oracle Power inks deal to develop commercial side of Pakistan project

(Alliance News) - Oracle Power PLC on Monday said that its subsidiary has signed an agreement to develop commercial avenues for a green hydrogen project in Pakistan.

30 May 2023 18:01

IN BRIEF: Oracle Power aims to add solar and wind to hydrogen project

Oracle Power PLC - Pakistan-focused developer of energy projects - Updates on green hydrogen project development. Notes the project steering committee has already held its first meeting. Adds project has taken another major step forward in relation to the completion of the bankable feasibility studies for the 1.2 gigawatt hybrid power grid interconnection and storage architecture for the project. Consultants have been commissioned and funded to conduct power studies, and establish the feasibility of integrating solar and wind energy technologies into the project. The hybrid power study encompassing 700 megawatt solar and 500 megawatt wind power, is expected to be completed by the third quarter.

16 May 2023 17:26

IN BRIEF: Oracle Power signs deal for Thar power plant in Pakistan

Oracle Power PLC - Pakistan-focused developer of energy projects - Signs memorandum of understanding for the off-take and development of its 1.32 gigawatt Thar coal fired power plant in the Sindh Province, Pakistan.

9 May 2023 14:45

TRADING UPDATES: Rainbow Rare Earths raises GBP7.5 million in placing

(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 Apr 2023 17:35

TRADING UPDATES: Yourgene Health sees revenue above market forecasts

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

19 Apr 2023 13:57

Oracle Power progresses Pakistan project with PowerChina agreement

(Alliance News) - Oracle Power PLC on Wednesday said that it has signed a cooperation agreement with PowerChina International Group Ltd to develop a one gigawatt solar-based power production plant in Pakistan.

20 Mar 2023 11:09

Oracle Power registers land lease with Sindh government in Pakistan

(Alliance News) - Oracle Power PLC on Monday said the award of its recently acquired land lease has now been registered in the government of Sindh's land registry.

7 Mar 2023 12:05

Oracle Power signs green hydrogen project accord with Chinese partner

(Alliance News) - Oracle Power PLC on Tuesday said it signed a memorandum of understanding with China Electric Power & Technology Co Ltd to potentially develop a green hydrogen project in Pakistan.

6 Mar 2023 14:32

IN BRIEF: Coro Energy to appoint Oracle Power CEO as non-exec director

Coro Energy PLC - South East Asia-focused energy - Says it intends to appoint current chief executive officer of Oracle Power PLC Naheed Memon as a non-executive director. Says Memon has extensive experience in both the public and private sector in Pakistan and internationally.

24 Feb 2023 15:12

Oracle Power subsidiary joins Dii energy alliance

(Sharecast News) - Oracle Power announced on Friday that its subsidiary Oracle Energy has joined Dii Desert Energy as an associate partner.

24 Feb 2023 13:07

Oracle Power joins Dii Desert Energy to harness emission-free energy

(Alliance News) - Oracle Power PLC on Friday said it has joined the Dii Desert Energy organisation as an associate partner.

6 Feb 2023 13:04

Oracle Power advances its Green Hydrogen project in Pakistan

(Alliance News) - Oracle Power PLC on Monday said it raised GBP500,000 through a placing to help support its green hydrogen project in Pakistan, for which it also announced a potential supply and delivery agreement.

19 Dec 2022 17:19

TRADING UPDATES: Anglo Asian Mining reports mineral resource estimate

(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 Dec 2022 13:58

Oracle Power venture in Pakistan contracts surface-level survey

(Sharecast News) - Green hydrogen specialist Oracle Power announced on Monday that its Oracle Energy subsidiary has appointed consultancy firm Fugro Pakistan to immediately start a surface-level survey at the green hydrogen project site in Sindh, south-east Pakistan

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

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