Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOracle Power Regulatory News (ORCP)

Share Price Information for Oracle Power (ORCP)

Share Price is delayed by 15 minutes
Get Live Data
0.05    0.00 (0.00%)
Bid:
0.045
Ask:
0.055
Spread: 0.01 (22.222%)
Market Cap: £7.86m
ORCP Live PriceLast checked at - London Stock Exchange

Intraday Oracle Power Share Chart

Cu Target Identified over 2km - Blue Rocks Project

4 Jul 2025 07:00

RNS Number : 7049P
Oracle Power PLC
04 July 2025
Β 

4 July 2025

Oracle Power PLC

("Oracle" or the "Company")

Β 

Copper Target Identified over 2km at Blue Rocks Copper Project, Australia

APEX Geoscience completed maiden geochemical sampling programme

Β 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that results from the maiden geochemical sampling programme have highlighted a number of strong anomalies across the project strike at the Blue Rock Valley Copper and Silver Project (the "Project"), located in the Ashburton Basin in the northwest region of Western Australia.

Β 

Highlights:

oΒ  Geochemical copper anomalies relate well to known mineralisation, with new zones identified to the northwest and southeast of the main workings area.

oΒ  Priority target zone over the area of the main workings extends for approximately 320m.

oΒ  Drill traverses have been designed to test anomalies with regulatory and heritage approvals to be applied for.

oΒ  Further refinement of targets by geochemical sampling and expansion of area and geophysics being considered.

Β 

Apex Geoscience has completed the maiden geochemical sampling programme over the multiple gravity targets identified along the main Blue Rock valley copper mineralised trend of ~2km strike, that has highlighted anomalies, refer Figures 2, 3 and 4, with gravity, magnetics and air photo as basemap.

Β 

The geochemical anomalies relate well to known mineralisation, with new zones identified to the northwest and southeast, but do not relate well to geophysical methods used to date. Gravity data appears to relate to general geology, and magnetics does not show any correlation. The next steps to define mineralisation need to be considered, with expansion of geochemical sampling to the North East, over the major crustal suture and towards higher magnetics, and/or further geophysical techniques such as Expert Geophysics MobileMT drone based system. Drilling to test the anomalies can also be considered, with drill traverses proposed.

Β 

Conclusions:

oΒ  The geochemical sampling programme has defined the mineralised system at Blue Rock trending NW-SE over the survey length of ~2km.

oΒ  The responses to the NW appear stronger and are occurring through colluvial cover, whilst to the SE responses are weaker in near outcrop conditions.

oΒ  The priority target zone extents for approximately 320m centred on the existing workings.

oΒ  The secondary priority zone then extends to the NW for ~400m to the edge of the sampling grid.

oΒ  The reconnaissance sampling lines indicate the mineralised trend is open to the NW under cover.

oΒ  Further sampling will be required to determine the strike extent and potential of the system.

oΒ  The VTEM targets to the west are unlikely to be related to mineralisation based on the lack of response on the reconnaissance lines.

oΒ  If drilling were to be considered, it is suggested 2-3 section traverses NW of workings, with one to the SE of workings will define potential of immediate area of the workings.

oΒ  Two reconnaissance drill traverses should be completed: first ~400m NW of workings testing for extensions and the second ~800m NW of workings testing the strong multi-element geochemical response.

Β 

Naheed Memon, CEO of Oracle, commented:

"It is great to get final results from the maiden geochemical sampling programme at Blue Rocks with anomalies relating well to known mineralisation, with new zones identified to the northwest and southeast of the main working area, that is 320m in strike. Anomalies have been highlighted over the ~2km strike of current work, with drill traverses designed to test the anomalies, with regulatory and heritage approvals required. Next steps are being considered, either to expand geochemical sampling, further geophysics or drill test. I look forward to updating shareholders in due course as we continue work advancing this project."

Β 

About Blue Rock Valley Copper and Silver Project:

Β 

The Project Tenement:

The Project tenement (the "Tenement") covers 32 Blocks (approximately 102km2) (Figure 1) and is composed of one granted exploration licence, E08/3604. Oracle announced on 11 June 2024 that it had exercised its option to acquire 100% of the tenement. The Tenement was granted on 2 October 2023 and expires on 26 October 2028 but is renewable. The first term is therefore five years with a possible initial extension of five years and further extensions of two years thereafter, with 40% of the licence area to be surrendered at the end of year six.

Β 

The Blue Rock Valley Copper and Silver Project (E08/3604) is in the Ashburton Basin, in the northwest region of Western Australia. The site is located 165km southeast of Onslow, the main port for the region's Iron and LNG exports, which is a multi-user port. Access is from the Northwest Coastal Highway on a well-maintained unsealed road. Refer to Figure 6 below for location.

Β 

Project Geology

The eastern portion of the Project area overlies the Wyloo Group sediments of the Ashburton Basin which are unconformably overlain by rocks of the Edmund Basin (previously the Bangemall Basin), which cover the western portion of the Tenement. The contact between the Ashburton and Edmund basins is interpreted as being a thrust contact with movement to the west and can be clearly seen in the regional aeromagnetic image.

Β 

Mineralisation

The Ashburton Mineral Field (which incorporates the Project area) has a long history of gold, copper, silver, lead and zinc exploration.

Β 

Several smaller prospects which were historically exploited for gold, copper, silver and lead are located nearby including the Soldiers Secret and Top Camp gold deposits. Small-scale production of copper, lead and silver has also been recorded in the Ashburton Basin, mainly from the Ashburton Downs copper deposits within the Project area and others in the region such as Kooline (Pb, Ag) and Bali Hi (Cu-Pb-Ag) areas.

Β 

For further information on Oracle, visit the Company's website at www.oraclepower.co.uk or contact:

Β 

Oracle Power PLC

Naheed Memon - CEO +44 (0) 203 580 4314

Β 

Strand Hanson Limited (Nominated Adviser & Broker)

Rory Murphy, Matthew Chandler, Rob Patrick +44 (0) 20 7409 3494

Β 

St Brides Partners Limited (Financial PR)

Susie Geliher, Isabel de Salis +44 (0) 20 7236 1177

Β 

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

Β 

Competent Person's Statement

The information in this announcement that relates to exploration results, exploration targets, mineral resources or ore reserves is based on information compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a director of Riversgold Limited and a consultant to the Company through Doraleda Pty Ltd. Mr Mead has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the `Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this information in the form and context in which it appears in this announcement.

Β 

Figure 1: Blue Rock Valley project location and access

Figure 2: Geochemical results on 1VD Bouguer Gravity

Figure 3: Geochemical results for Blue Rock Valley on Reverse to Pole (RTP) magnetics.

Β 

Figure 4: Geochemical results over air photo

Β 

Β 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Β 
END
Β 
Β 
MSCDBGDRDSGDGUX
Date   Source Headline
28th Apr 20267:00 amRNSNorthern Zone: Geotechnical Drilling for MDCP
22nd Apr 20267:00 amRNSPreliminary Heritage Report: Northern Zone
15th Apr 20267:00 amRNSAssay results of up to 71 g/t Au at Northern Zone
25th Feb 20267:00 amRNSNorthern Zone Update
17th Feb 20267:00 amRNSMining Lease Application Update
2nd Feb 20267:00 amRNSKalgoorlie Gold Project - Drilling Results
19th Jan 20267:00 amRNSPositive Results: Kalgoorlie Drilling Programme
23rd Dec 20257:00 amRNSKalgoorlie Gold - Native Title Agreements Signed
23rd Dec 20257:00 amRNSKalgoorlie Gold - Native Title Agreements Signed
10th Dec 20257:00 amRNSNew Shallow Gold Zone: Northern Zone Gold Project
26th Nov 20257:00 amRNSGold Results Expand the Footprint at Northern Zone
18th Nov 20257:00 amRNSNext Drill Programme at Northern Zone Gold Project
21st Oct 20257:00 amRNSDrilling Underway at Northern Zone Gold Project
6th Oct 20257:00 amRNSGrade Control Drill Rig Booked for Northern Zone
2nd Oct 20257:00 amRNSExercise of Warrants
30th Sep 20257:00 amRNSNorthern Zone Gold Project Co-Operation Agreement
26th Sep 20251:39 pmRNSCompany Update
12th Sep 20257:00 amRNSInterim Results for the 6 months to 30 June 2025
21st Aug 20257:00 amRNSPlans Confirmed at Blue Rocks Copper Project
14th Aug 20257:00 amRNSPlacing to Raise £500,000
28th Jul 20257:00 amRNS-RNaheed Memon Joins National Hydrogen Working Group
18th Jul 20251:30 pmRNSResult of AGM
11th Jul 20257:00 amRNSQ2 2025 Overview and Shareholder Q&A
4th Jul 20257:00 amRNSCu Target Identified over 2km - Blue Rocks Project
23rd Jun 20257:00 amRNSFinal Results
20th May 20257:00 amRNSMetallurgical Results Confirm +90% Gold Recovery
15th May 202512:55 pmRNSNorthern Zone Gold Project Update
23rd Apr 20257:00 amRNSFurther Assay Results from Northern Zone Project
22nd Apr 20257:00 amRNSPlacing to Raise £318,600
16th Apr 20257:00 amRNSMoU for Green Hydrogen Project Renewed
15th Apr 20257:00 amRNSBlue Rock Geochemical Sampling Programme Completed
11th Apr 20257:00 amRNSNorthern Zone Gold Project Update
3rd Apr 20257:00 amRNSAssay Results from the Northern Zone Gold Project
31st Mar 20257:00 amRNSBlue Rocks Copper Project Update
20th Mar 20257:00 amRNSExtension Granted for LOI Validity Period
19th Mar 20257:00 amRNSAssay Results from Northern Zone Gold Project
27th Feb 202511:23 amRNS-RNorthern Zone Gold Project Update
18th Feb 20257:00 amRNSRiversgold Exercises 80% Option over Northern Zone
13th Feb 20257:00 amRNS2025 Drilling Campaign to Commence - Northern Zone
11th Feb 20257:00 amRNSNorthern Zone Gold Project Mining Lease Update
14th Jan 20257:00 amRNSQ4 2024 Overview and Shareholder Q&A
20th Dec 20247:00 amRNSAPEX Geoscience to Explore Blue Rocks Project
12th Dec 20242:47 pmRNSRepricing & Exercise of Warrants to Raise £416,667
10th Dec 20247:00 amRNSNorthern Zone Mining Lease Application Submitted
4th Dec 20247:00 amRNSNorthern Zone Gold Modelling and Project Update
3rd Dec 20243:20 pmRNSHolding(s) in Company
29th Nov 202410:35 amRNSHolding(s) in Company
28th Nov 20247:00 amRNSHolding(s) in Company
26th Nov 20247:00 amRNSNorthern Zone Project Drill Results
22nd Nov 20242:00 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.