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Q2 2025 Overview and Shareholder Q&A

11 Jul 2025 07:00

RNS Number : 6431Q
Oracle Power PLC
11 July 2025
 

11 July 2025

Oracle Power PLC ("Oracle" or the "Company")

 

Q2 2025 Overview and Shareholder Q&A

 

Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to provide the following update on its progress during Q2 2025 in respect of its project portfolio across Western Australia and Pakistan.

 

Northern Zone Intrusive Hosted Gold Project ("Northern Zone"), Western Australia

Q2 marked another significant period for Northern Zone:

· Throughout the quarter, Oracle and its partner, Riversgold Limited (ASX:RGL), completed an 11-hole, 1,289m reverse circulation (RC) drill programme which confirmed and extended the shallow gold mineralisation associated with the porphyry system.

· Significant high-grade intercepts, included:

10m @ 8.89 g/t Au from 46m (NZAC127), including 1m @ 77.96 g/t Au from 54m

6m @ 6.12 g/t Au from 35m (NZRC012)

18m @ 1.94 g/t Au from 49m (NZRC016), including 3m @ 8.20 g/t Au from 60m

· Metallurgical test work confirmed average gold recoveries of 92.56%, further supporting the viability of oxide mineralisation.

· A further vertical drill programme of 1,805m was completed, with final assay results returned and used to update the mineralisation model.

· An additional 200 drill hole Programme of Works has been approved by the Department of Energy, Mines, Industry Regulation and Safety.

· Structural logging of four diamond drill holes to 500m depth is underway, in support of a maiden Mineral Resource Estimate (MRE).

· High-resolution drone magnetic survey completed and results being used for structural interpretation.

· The Mining Licence application process in ongoing.

· Miscellaneous licences applied for in order to facilitate ore transport to regional processing facilities.

 

Blue Rocks Valley Copper and Silver Project ("Blue Rocks"), Australia

The Company made further strides in refining and advancing its exploration efforts at Blue Rocks:

· In April, Apex Geoscience completed the maiden geochemical sampling programme across a 2km mineralised strike zone.

· Results confirmed copper anomalies consistent with known mineralisation and revealed new zones to the northwest and southeast of the main workings area.

· A 320m priority target zone has been identified over the main workings area.

· Drill traverses have been designed to test these anomalies, with regulatory and heritage applications underway.

· The Company's next steps to define mineralisation are being considered, with expansion of geochemical sampling to the North East.

· Expert Geophysics techniques of MobileMT drone-based technology are also being considered.

· Drilling to test the anomalies can also be deployed, with drill traverses proposed.

 

Green Hydrogen and Renewable Power Project, Pakistan

Oracle's green hydrogen initiative in Sindh continued to gain strategic and regulatory momentum:

· In March, the Government of Sindh granted an extension to the validity period of the Letter of Intent (LOI) for the 1.3 GW renewable power project in Jhimpir. The LOI, previously set to expire in January 2025, now remains valid until 13 May 2026.

· In April, the Memorandum of Understanding (MoU) to co-develop the Green Hydrogen Project in Thatta was renewed for an additional two years, extending its validity to 1 March 2027.

· These developments support the project's long-term stability and provide a firm platform for progressing FEED studies, offtake discussions and strategic partnerships.

 

Corporate

· In April, Oracle successfully raised gross proceeds of £318,600 via a placing. The net proceeds of this placing are being deployed to progress the development of its projects in Australia and Pakistan.

· Between 27-28 May, and as part of the ongoing business development programme, CEO Naheed Memon, attended and spoke at the 2025 Middle East Petroleum & Gas Conference (MPGC) in Bahrain.

 

Naheed Memon, CEO of Oracle, commented: "Q2 2025 has seen further progress for Oracle across multiple fronts. At the Northern Zone, we continue to be encouraged by the robust drilling results, the expansion of the gold system and the high metallurgical recoveries, all of which build confidence as we progress toward a maiden Mineral Resource Estimate. At Blue Rocks, the identification of new copper zones adds further potential to our exploration portfolio.

 

"We are also pleased with the support received from the Government of Sindh to extend the validity of key project permissions for our renewable energy and green hydrogen initiatives. These approvals underscore the strength of our partnerships and the strategic importance of our work in Pakistan."

 

Details of a shareholder Q&A session will be published on the Company's website later this month. To submit questions, please email oracle@stbridespartners.co.uk with "Q2 2025 Shareholder Q&A" in the subject line. The deadline for submission of questions is 5 p.m. on 15 July 2025.

 

 

*ENDS*

 

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

 

Oracle Power PLC

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

 

Strand Hanson Limited (Nominated Adviser & Broker)

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

 

St Brides Partners Limited (Financial PR)

Susie Geliher, Will Turner +44 (0) 20 7236 1177

 

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UPDPKKBBKBKBAOD
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

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