New Corporate Presentation

RNS Number : 8413H

Oracle Power PLC

08 December 2020

 

8 December 2020

Oracle Power PLC

("Oracle", the "Company")

New Corporate Presentation

Oracle Power PLC, the AIM listed international natural resource and power project developer (AIM:ORCP), is pleased to announce an updated corporate presentation has been uploaded to the Company's website and can be found here: http://www.oraclepower.co.uk/investor-relations/presentations/ .

The new corporate presentation details the Company's two primary areas of focus:

· Thar Block VI Project - a major coal resource, estimated at 1.4bn tonnes, in the Thar region of the Sindh Province in Pakistan which is intended to comprise:

o  Large coal mine and 1,320MW mine mouth power plant - a Priority Project within the China-Pakistan Economic Corridor ('CPEC') initiative

o  Coal gasification plant to produce urea for fertilizer and included in CPEC's working group of oil & gas

o  Coal to liquids facility to produce liquid fuel

· Highly prospective gold interests in two globally significant gold regions of Western Australia:

o  The Northern Zone Gold Project - located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia; and

o  The Jundee East Gold Project - located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines

*ENDS*

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

Oracle Power PLC Naheed Memon	[phone]
Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Jack Botros	[phone]
Brandon Hill Capital Limited (Joint Broker) Oliver Stansfield	[phone]
Shard Capital (Joint Broker) Damon Heath Isabella Pierre St Brides Partners Limited (Financial PR) Susie Geliher Catherine Leftley	[phone] [phone]

About Oracle Power PLC:

Oracle Power PLC is an international power and natural resource project developer listed on London's AIM market. The Company is 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. Its initial project is the Thar Block VI Project in the Thar desert in the south-east of the Sindh province of Pakistan.  The Thar Project is a 66.1 sq km licence containing 1.4 billion tonnes of coal, where the Company, in tandem with its partners China National Coal Development Company Ltd. (CNCDC) and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, is advancing a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project. 

 

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