Projects2 Dec 2024 19:05
Northen Zone:
Located just 25 km east of Kalgoorlie, the Northern Zone Project offers a substantial bulk tonnage gold opportunity. It has an exploration target of 200-250 Mt at 0.4-0.6 g/t Au, equating to 2.5-4.8 million ounces of gold.
The recently completed 1,903m of shallow drilling has delivered the highest grade interval to date of 27.5 g/t gold (NZAC033), successfully targeting a shallow gold mineralisation blanket in the oxide zone, following up on the previously reported 18m at 4.14 g/t Au from 36m (NZRC001).
Renewable project:
A collaborative development agreement was signed with State Grid Corporation of China in March 2023, for the development of this project. This collaboration encompasses the execution of feasibility studies and potential financial support for project development.
Thar Block V1:
Oracle Power owns a 30-year mining lease for Block VI which boasts over 1.4 bn tonnes of lignite coal (JORC resource).
To develop the Thar Coal Project, the Company signed a JDA with China National Coal Development Company and the Private Office of Sheikh Ahmed Dalmook Al Maktoum in Dec 2019 for coal to power and CTG/CTL development.
Blue Rock Valley:
The early exploration phase, which includes surface sampling and geophysical surveys, has identified several targets for subsequent drilling. Historical Reverse Circulation (RC) drilling has returned significant results:
Hole BBRC005: 4m @ 1.02% Cu from 0m
Hole BBRC004: 8m @ 0.54% Cu from 6m (including 1m @ 1.39% Cu from 10m)
Green Hydrogen:
The company has signed a non-binding off-take agreement with PetroChina International (Middle East) for Green Hydrogen / Green Ammonia off take along with associated carbon credits. Oracle Power has also signed a non-binding off-take agreement with Emirates Global Aluminium to feed into the giant smelting company’s decarbonisation programme. We are also in dialogue with other potential off-takers in large Green Hydrogen markets such as Japan and Korea.
With all them projects mcap at 5m is way undervalued and still has long way to go imo. As always DYOR.