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viewOracle Power PLC
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AIM:ORCP
)

Oracle Power making progress in Australia and at Thar

Snapshot

  • Oracle Power starts drilling at Northern Zone Gold Project in Australia
  • Oracle Power’s Thar project could double in size, with the potential addition of a gas-to-urea capability
  • Oracle Power is granted the exploration tenement for Jundee East Gold Project
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Quick facts: Oracle Power PLC

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AIM:ORCP

Price: 0.35 GBX

Market Cap: £7.9 m

About the company

Oracle Power is an international power and natural resource project developer listed on London’s AIM market.

In November 2020, Oracle added diversification with the acquisition of gold projects in Australia where subsequent work has provide excitement, new catalysts and the prospect of discoveries in the same neighbourhood as some major mining operations.

The company remains focussed on delivering reliable and affordable power in emerging developing markets, unlocking the value of underutilised and undeveloped natural resources to provide energy security and support economic growth and development.

How it is doing

15 Sep 2021

Oracle Power PLC (AIM:ORCP) announced it started drilling at the Northern Zone Gold Project, located near Kalgoorlie in Western Australia.

The first phase is to complete seven reverse circulation drillholes up to 260 metres deep, for a total of around 1,500 metres specifically targeting gold mineralisation within a series of stacked porphyry intrusions.

"It is fantastic to start Oracle's maiden Australian drill programme at Northern Zone, and a big step forward with respect to our Western Australian gold strategy,” said chief executive Naheed Memon.

“The drill programme will take about two weeks to complete and I look forward to the results of this maiden drill programme six-eight weeks from the end of drilling as we will be assaying samples in Queensland, to expedite results."

31 Aug 2021

Oracle Power PLC (AIM:ORCP) said it has defined five drill target areas at its Jundee East gold project in the Eastern Goldfields region of Western Australia.

The target areas were defined after an expanded geochemical soil sampling programme highlighted positive responses for copper and gold.

13 Aug 2021

Oracle Power PLC (AIM:ORCP) has announced that the Department of Mines, Industry Regulation and Safety of Western Australia, has approved its Programme of Work for the Northern Zone Gold Project.

The first phase is to complete seven Reverse Circulation drill holes up to 260 metres deep, for a total of around 1,500 metres, specifically targeting gold mineralisation within a series of stacked porphyry intrusions.

Insight: Oracle Power’s Thar project could double in size, with the potential...

03 Dec 2020

The scope of the energy development projects that are likely to be undertaken by Oracle Power PLC (LON:ORCP) in Pakistan could be about to get significantly larger, if a plan to augment the existing coal-to-power offering with a coal-to-gas and urea project comes to fruition.

Exactly when or how such a development in Oracle’s plans comes to be formalised remains to be seen, as there has been a certain amount of bureaucratic flux in Pakistan lately, as the coronavirus crisis has had a deepening impact on the economy there.

What management says

24 May 2021

Oracle Power's (LON:ORCP) CEO Naheed Memon joins Proactive London with the news that the exploration tenement has been granted for their Jundee East Gold Project.

The project now has a whole new team of geologists on the ground preparing to get to work at the site, which is located in the Eastern Goldfields region of Western Australia.

Memon says 'it's all moving forwards now'.

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