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2025 Drilling Campaign to Commence - Northern Zone

In brief · summary, not quotable

Drilling campaign at Northern Zone gold project in Western Australia commences March 2025 following positive assay results.

  • Northern Zone porphyry system width 600m
  • Best gold intercept from 2024 drilling 5m @ 12.27 g/t Au from 32m (NZAC062)
  • Longest gold intercept from 2024 drilling 330m @ 0.49 g/t Au from 30m incl 54.79 @ 1.15 g/t Au from 213m (BNRC066)
  • Australian dollar gold price $4,500/ounce
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Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that drilling is planned to re-commence in March 2025 at the Northern Zone Intrusive Hosted Gold Project ("Northern Zone"), located just 25km east of Kalgoorlie, Western Australia.

  • Next phase of drilling at Northern Zone aims to target and extend previous identified higher grade gold intercepts via a series of SW-NE orientated extensional lines using a nominal 20m spacing.
  • A drilling contractor has been booked and will be mobilising to site in March 2025.
  • Northern Zone features a 600m wide porphyry system and previously announced significant results to date include:

o 8m @ 4.86 g/t Au from 34m (NZAC090)

o 7m @ 4.07 g/t Au from 48m (NZAC0107)

o 4m @ 7.47 g/t Au from 49m (NZAC113)

o 5m @ 12.27 g/t Au from 32m (NZAC062)

o 16m @4.69 g/t Au from 30m (NZAC033)

o 110m @ 0.6 g/t Au from 208m (RSDD02) - diamond drill hole

o 154m @ 0.58 g/t Au from 98m (21OPRC004) - RC drill hole

o 330m @ 0.49 g/t Au from 30m incl 54.79 @ 1.15 g/t Au from 213m (BNRC066) - RC drill hole

  • The next drill programme has been planned to follow up on these highly positive results.

Naheed Memon, CEO of Oracle, commented:

"The Northern Zone continues to deliver significant gold intercepts, and I am very pleased that we will be launching our 2025 drilling campaign in the coming weeks. The mining lease submission to convert the project to a mining licence signifies our commitment and belief in this project. The significant high-grade gold assays at Northern Zone from 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. The Australian dollar gold price has passed $4,500/ounce, which bodes well for this exciting project."

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

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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