RE: 0.1p next ...15 Apr 2026 19:26
Fresh drilling results from 31 holes at its Northern Zone gold project near Kalgoorlie, revealing some of the highest grades and widest intercepts recorded so far. Highlights include 15 metres at 5.62 g/t gold and 8 metres at 9.90 g/t, with drilling successfully extending shallow mineralisation—particularly across the saddle area linking the central and eastern zones. The findings support the existing geological model and point to an expanding footprint of near-surface oxide gold.
Progress on development readiness is also advancing, with the conversion of the Northern Zone licence into a mining lease described as well progressed. Heritage clearance surveys have now been completed, removing a key permitting barrier. Under a Right to Mine and Co-Operation Agreement, MEGA Resources will fully fund development and mining activities, with profits split evenly. This arrangement enables Oracle and its partners to accelerate toward potential production.