Member Info for jpsherwin

Oracle to be carried until formalisation of the JV agreement, which means that it will not be responsible for any costs prior to signing.

· Riversgold to continue to advance Northern Zone and to add value to the Project:

o Drill rig is booked to commence the 2025 drill programme.

o Mining Lease application submitted.

o Mineral Resource Estimate (MRE).

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02913957-6A1251782

Https://pakobserver.net/pakistans-renewable-energy-sector-can-earn-billions-in-climate-finance/

Https://www.nation.com.pk/17-Feb-2025/expanding-off-grid-re-could-boost-pakistan-s-carbon-credit-earnings-up-to-dollar-43m-annually

Https://mettisglobal.news/pakistan-azerbaijan-agree-on-renewable-energy-cooperation/

Https://www.investegate.co.uk/announcement/rns/oracle-power--orcp/2025-drilling-campaign-to-commence-northern-zone/8734528

Https://www.youtube.com/watch?v=6lXaQx07drg

Drill program has been planned to follow up on the above excellent results.

• A drilling contractor has been booked and will start March 2025.

David Lenigas, RGL Chairman, comments: “Northern Zone continues to deliver significant, shallow gold

intercepts over an increasing footprint, and we are excited with the imminent start of our 2025 drilling

campaign. The recent submission to convert the project to a mining lease signifies our commitment and belief

in this rapidly maturing project. The recent sets of significant high-grade gold assays at Northern Zone from

our 2024 drilling, have continued to expand the gold mineralised footprint of the porphyry over a larger area

and confirms the presence of a significant gold system, that is located just 25km east of Kalgoorlie, Western

Australia. The Australian dollar gold price has passed $4,500/ounce, which bodes well for this exciting project.

Drill baby drill ,as President Trump would say, is our plan for 2025 here with this elevated gold price and this

project gets bigger and more exciting the more we drill.”

+ Update

You’ve been here a long time and clearly have a lot of knowledge about the business, its projects, and the CEO. At some point, you must have believed in it, based on research, not just hope.

Given the latest Q&A, did you submit any questions for clarification?

Caveat this, this is my opinion not a direct quote.

Https://power.gov.pk/NewsDetail/ZTUxYjM4MmQtNDgyYS00ZTQ1LTkxYTctZGY2ZjhiMzE5Y2Rm

“ Discussing coal-based power plants operated by Chinese companies, the Minister said these plants would transition from imported coal to locally mined coal from the Thar region. This shift will reduce import costs while utilizing domestic resources effectively, supporting the local economy and promoting energy self-reliance.

In his concluding remarks, Minister Leghari reiterated the government’s commitment to ensuring that surplus electricity benefits industries, fostering economic growth, and advancing Pakistan’s energy sector through sustainable and innovative reforms.”

Https://www.energyupdate.com.pk/2025/02/03/pakistans-president-to-kick-off-state-visit-to-china/

President Zardari’s state visit to China could positively impact Oracle Power by fostering a more conducive environment for its current and future projects within the framework of Pakistan-China economic collaboration.

Mark, did you happen to listen to the CEO’s Q&A the other day? If not it is worth 20 minutes of your time.

Morning Mark,

Until news is forthcoming on projects, the SP will likely remain in this region.

Northern Zone Gold Project – 25km East of Kalgoorlie (Western Australia)

Key Developments

• Mining Lease Application (M25/389) Submitted

o Lodged with the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS).

o Based on all drilling conducted to date at Northern Zone.

• Expansion of Gold Mineralisation

o Leapfrog gold mineralisation model of Oracle and Riversgold drill holes to guide future drilling.

o The high-grade gold oxide zone within the 600m-wide porphyry system continues to expand and remains open in multiple directions.

o Drilling results confirm and enlarge the shallow gold mineralisation associated with the Northern Zone intrusive porphyry.

Drilling Results (December 2024 Quarter)

A recent 26-hole air core (AC) drilling program returned significant results:

• NZAC090: 8m at 4.86 g/t Au from 34m.

• NZAC092: 1m at 5.72 g/t Au from 33m.

• NZAC094:

o 2m at 1.06 g/t Au from 42m.

o 1m at 2.58 g/t Au from 64m.

• NZAC095: 7m at 1.16 g/t Au from 41m to EOH.

• NZAC097: 6m at 3.13 g/t Au from 30m.

• NZAC099: 3m at 1.75 g/t Au from 33m.

• NZAC100: 5m at 3.74 g/t Au from 31m.

• NZAC107: 7m at 4.07 g/t Au from 48m.

• NZAC108: 8m at 2.07 g/t Au from 48m.

• NZAC112: 1m at 1.84 g/t Au from 48m.

• NZAC113: 4m at 7.47 g/t Au from 49m.

Project Interpretation & Next Steps

• 3D Leapfrog Model Developed

o Used to refine areas for next drilling phase.

o Helps target higher-grade shallow gold mineralisation.

o Could lead to reverse circulation (RC) and diamond drilling below higher-grade oxide gold zones.

• Gold Mineralization Open in Multiple Directions

o Further modelling and drill testing required.

o No Maiden Mineral Resource Estimate (MRE) yet, pending additional understanding.

Mining Lease & Potential Processing Options

• Mining Lease M25/389 Application:

o Submitted to DEMIRS.

o Native Title advertising process started on 29 January 2025.

o Expected approval within 12+ months, allowing time for further drilling.

• Comparison with Nearby Mining Operations:

o Possible processing scenario similar to Black Cat Syndicate’s Myhree open pit, which is 7km north.

o Similarities with Saturn Metals’ Apollo Hill Project:

 Saturn’s Preliminary Economic Assessment (PEA) suggests heap leach operation for low-grade gold.

 Northern Zone might have even greater potential.

Project Location & Proximity to Kalgoorlie Super Pit

• Located 25km east-southeast of the Kalgoorlie Super Pit.

• Close proximity to established mining infrastructure enhances development prospect

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02908565-6A1249580

Https://oraclepower.co.uk/newsroom/press/

Have you listened to the Q&A from yesterday Mark?

Update from the Q&A is due by month end…..