Updated Gold Presentation

RNS Number : 1269R

Oracle Power PLC

03 November 2021

 

3 November 2021

Oracle Power PLC

("Oracle" or the "Company")

Updated Presentation on Western Australian Gold Assets

Oracle Power PLC (AIM:ORCP), the AIM quoted natural resources and power project developer, is pleased to announce that an updated presentation on its Western Australian gold assets has been uploaded to the Company's website at: http://www.oraclepower.co.uk/investor-relations/presentations/  

The updated presentation is focused on the recent exploration developments and the Company's strategy at Oracle's highly prospective gold interests located in the world class gold mining district of Western Australia:

•   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

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

*ENDS*

Oracle Power PLC

Naheed Memon - CEO  [phone]

Strand Hanson Limited (Nominated Adviser)

Rory Murphy, James Harris, Rob Patrick                                                   [phone]

Brandon Hill Capital Limited (Joint Broker)

Oliver Stansfield                                                                                            [phone]

Shard Capital (Joint Broker)

Damon Heath, Isabella Pierre                                                                     [phone]

St Brides Partners Limited (Financial PR)

Susie Geliher, Catherine Leftley                                                                  [phone]

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.

About Oracle Power PLC:

Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market.  The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia.  The Northern Zone Project is 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 the Jundee East Gold Project is located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility in association with PowerChina.  The Company's initial project is the Thar Block VI Project in south-east Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.

 

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