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Next Drill Programme at Northern Zone Gold Project

In brief · summary, not quotable

Oracle Power PLC has commenced its Phase 2 drilling program at the Northern Zone Gold Project, planning 30 holes for 2,000 meters of drilling over two weeks to expand gold mineralization. This initiative aims to enhance the mining scenario for 2026, with assay results from the previous Phase 1 drilling expected in the coming weeks. The drilling data will be utilized by Mega Resources for mine planning, targeting a start to mining in the first half of 2026.

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Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce that drilling operations at the Northern Zone Gold Project ("Northern Zone" or the "Project") are again underway and will be targeting expansion of the gold mineralisation footprint.

Highlights

  • Phase 2 pre-Christmas drilling underway to expand the gold mineralisation footprint at the Northern Zone
  • This Phase 2 programme has a planned 30 holes for a total of 2,000m of drilling
  • The programme is expected to take two weeks
  • Drilling results from Phase 1 drilling programme are expected in the coming weeks

Naheed Memon, CEO of Oracle, commented:

"As highlighted in previous news releases, we wanted to undertake two drill programmes before the end of the calendar year to add to our gold footprint in the top 50-60m at our Kalgoorlie gold project, and to enhance the MEGA Resources mining scenario for 2026, with our second shallow drill programme now underway at Northern Zone. First batches of assay results from the grade control rig drilling completed in October are expected to start coming through in the coming weeks. Furthermore, this drilling will be used by Mega Resources in their mine planning for our joint plans to start mining in the first half of 2026."

<END>

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

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

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