Oracle Power PLC (AIM:ORCP), the international natural resources project developer, said it ended 2021 on a strong note.
In a stock market statement that recapped the group’s activities in the year just ended, Oracle’s chief executive officer, Naheed Memon, said she was pleased with the progress made.
“We now hold a diversified portfolio with multiple high growth divisions, with the support from two state-owned Chinese enterprises and a highly supportive strategic shareholder. Oracle is developing two highly prospective gold projects in Western Australia, pursuing power and gas generation in Pakistan, and is poised to become a front-runner for the clean energy movement in Pakistan by developing a green hydrogen production facility. We are very confident that our growing portfolio of assets and interests will generate significant returns for our stakeholders,” Memon told shareholders.
The company is making significant progress with the advancement of its two wholly-owned gold assets in Western Australia, the Jundee East and Northern Zone projects, he added. Both continue to return highly encouraging results, demonstrating their potential for development.
Shareholders were advised that Memon will be conducting a shareholder questions & answers session, details of which will be made available on the company's website by close of business on 25 January 2022.