23 April 2025
Oracle Power
PLC
("Oracle"
or the "Company")
Further Assay Results from
the Northern Zone Project
Highest grade intercept to
date of 77.96 g/t Au intersected from the 1,805m drill
programme
Oracle Power PLC (AIM: ORCP),
an international project developer, is pleased to
announce further assay results from aircore ("AC") drill holes of a
32 hole 1,805m programme recently completed at the Northern Zone
Intrusive Hosted Gold Project ("Northern Zone" or the "Project"),
located 25km east of Kalgoorlie in Western Australia (refer to
Figure 1 for location). A further 414
samples from 11 drillholes are still to be assayed, with results
expected in the near term.
Highlights:
o Significant gold intercepts from
drilling continue:
§ 10m @ 8.89
g/t Au from
46m
(NZAC127)
§ inc. 1m @
77.96 g/t Au from 54m
§ 7m @ 3.14
g/t Au from
47m
(NZAC124)
§ inc. 1m @
18.35 g/t Au from 50m
§ 5m @ 1.26
g/t Au from
46m
(NZAC132)
§ inc. 2m @
2.74 g/t Au from 49m
§ 12m @ 0.80
g/t Au from
32m
(NZAC118)
§ 2m @ 11.97
g/t Au from
34m
(NZAC123)
§ 1m @ 6.98
g/t Au from
50m
(NZAC133)
o Majority of drillholes have intersected gold mineralisation,
refer to Table 1
o 414
samples are awaiting assay from a further 11 vertical drill
holes
o The
results of recent drilling continue to validate and enlarge the
shallow gold mineralisation associated with the Northern Zone
porphyry
o The
dynamic Leapfrog gold model for Northern Zone will be updated with
these latest results and will inform and guide future drill
campaigns
o Further follow-up drill planning is already
underway
Naheed Memon, CEO of Oracle,
commented:
"The Northern Zone keeps delivering
great results, and everything is going to plan as the mineralised
footprint of the Project's high-grade gold zone
expands, within the large lower-grade porphyry host. Results
continue to meet and exceed expectations, with a new high-grade
zone emerging on the eastern margin of the Project. A further 11
drill holes are currently in the lab awaiting assay. We look
forward to updating shareholders regarding Northern Zone Project as
it progresses towards a maiden MRE and Mining Lease
approval."
These AC programme results (Tables
1-3), continue to successfully intersect the mineralised host
porphyry over an increasing footprint and consistently validate the
broader gold mineralisation model. All drill holes on the eastern
extension intersected significant gold mineralisation, including
the highest gold grades drilled at the project to date (see Figure
2). Drilling will continue to further the Company's
understanding of the Project before proceeding with a Mineral
Resource Estimate.
For
further information on Oracle, please visit the Company's website
at http://www.oraclepower.co.uk
or
contact:
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, Isabel de
Salis
+44 (0) 20 7236 1177
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, as amended by virtue of the Market Abuse
(Amendment) (EU Exit) Regulations 2019.
Competent Person's Statement
The information in this announcement
that relates to exploration results, exploration targets, mineral
resources or ore reserves is based on information compiled by Mr
Edward Mead, who is a Fellow of the Australasian Institute of
Mining and Metallurgy. Mr Mead is a director of Riversgold Limited
and a consultant to the Company through Doraleda Pty Ltd. Mr Mead
has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity that he is undertaking to qualify as a Competent Person as
defined in the 2012 edition of the `Australasian Code for Reporting
Exploration Results, Mineral Resources and Ore Reserves' (the JORC
Code). Mr Mead consents to the inclusion of this information in the
form and context in which it appears in this
announcement.

Figure 1: Northern Zone Project Map
showing proximity to the Kalgoorlie "Super Pit"

Figure 2: Recent AC drill collar plan
with gold grade contours from all drilling results to date, and
most recently reported significant drill
intercepts

Figure 3: Cross-section of 3D Leapfrog software model. The
interpretation illustrates gold grade shells, derived from all the
significant intercepts reported to the ASX to date. The model is
constrained via a 25m buffer to all the RGL/Oracle drill hole
traces that have been drilled at Northern Zone since 2021. Refer to
Figure 2 Drill collar plan for the location of the section
line.
APPENDIX 1: Drilling Information
Table 1: Northern Zone Significant Intercepts from all RC
drill holes
Hole ID
|
From (m)
|
To (m)
|
Width (m)
|
Au g/t
|
Intercept
|
|
|
|
|
NZAC118
|
32
|
44
|
12
|
0.80
|
12m @ 0.80 g/t Au from 32m ,
NZAC118
|
|
|
including
|
32
|
35
|
3
|
2.36
|
Including 3m @ 2.36 g/t Au from 32m ,
NZAC118
|
|
|
NZAC119
|
35
|
39
|
4
|
0.93
|
4m @ 0.93 g/t Au from 35m ,
NZAC119
|
|
|
including
|
38
|
39
|
1
|
1.52
|
Including 1m @ 1.52 g/t Au from 38m ,
NZAC119
|
|
|
NZAC120
|
32
|
34
|
2
|
0.61
|
2m @ 0.61 g/t Au from 32m ,
NZAC120
|
|
|
NZAC123
|
34
|
36
|
2
|
11.97
|
2m @ 11.97 g/t Au from 34m ,
NZAC123
|
|
|
NZAC124
|
47
|
54
|
7
|
3.14
|
7m @ 3.14 g/t Au from 47m ,
NZAC124
|
|
|
including
|
50
|
51
|
1
|
18.35
|
Including 1m @ 18.35 g/t Au from 50m
, NZAC124
|
|
|
NZAC125
|
47
|
52
|
5
|
0.62
|
5m @ 0.62 g/t Au from 47m ,
NZAC125
|
|
|
including
|
51
|
52
|
1
|
1.77
|
Including 1m @ 1.77 g/t Au from 51m ,
NZAC125
|
|
|
NZAC126
|
48
|
49
|
1
|
1.00
|
1m @ 1.0 g/t Au from 48m ,
NZAC126
|
|
|
NZAC126
|
61
|
63
|
2
|
2.83
|
2m @ 2.83 g/t Au from 61m ,
NZAC126
|
|
|
NZAC127
|
46
|
56
|
10
|
8.89
|
10m @ 8.89 g/t Au from 46m ,
NZAC127
|
|
|
including
|
54
|
55
|
1
|
77.96
|
Including 1m @ 77.96 g/t Au from 54m
, NZAC127
|
|
|
NZAC128
|
48
|
52
|
4
|
0.93
|
4m @ 0.93 g/t Au from 48m ,
NZAC128
|
|
|
including
|
48
|
49
|
1
|
1.50
|
1m @ 1.50 g/t Au from 48m ,
NZAC128
|
|
|
including
|
51
|
52
|
1
|
2.12
|
1m @ 2.12 g/t Au from 51m ,
NZAC128
|
|
|
NZAC129
|
70
|
73
|
3
|
0.52
|
3m @ 0.52 g/t Au from 70m (EOH) ,
NZAC129
|
|
|
NZAC130
|
50
|
51
|
1
|
3.84
|
1m @ 3.84 g/t Au from 50m ,
NZAC130
|
|
|
NZAC131
|
50
|
52
|
2
|
1.63
|
2m @ 1.63g/t Au from 50m ,
NZAC131
|
|
|
NZAC132
|
32
|
33
|
1
|
1.77
|
1m @ 1.77 g/t Au from 32m ,
NZAC132
|
|
|
NZAC132
|
46
|
51
|
5
|
1.26
|
5m @ 1.26 g/t Au from 46m ,
NZAC132
|
|
|
including
|
49
|
51
|
2
|
2.74
|
2m @ 2.74 g/t Au from 49m ,
NZAC132
|
|
|
NZAC133
|
50
|
51
|
1
|
6.98
|
1m @ 6.98 g/t Au from 50m ,
NZAC133
|
|
|
NZAC134
|
47
|
50
|
3
|
1.65
|
3m @ 1.65 g/t Au from 47m ,
NZAC134
|
|
|
Table 2: Northern Zone Drill Collar
Locations
Hole id
|
Type
|
MGA_E
|
MGA_N
|
Elevation
(m)
|
Total Depth
(m)
|
Dip
(o)
|
AZM_MGA
|
Date
|
NZAC114
|
AC
|
381648.4
|
6592699.2
|
356.82
|
51
|
0
|
-90
|
19/03/2025
|
NZAC115
|
AC
|
381661.0
|
6592711.3
|
356.72
|
47
|
0
|
-90
|
19/03/2025
|
NZAC116
|
AC
|
381660.1
|
6592687.5
|
356.74
|
54
|
0
|
-90
|
20/03/2025
|
NZAC117
|
AC
|
381672.1
|
6592700.2
|
356.77
|
51
|
0
|
-90
|
21/03/2025
|
NZAC118
|
AC
|
381598.5
|
6592674.9
|
356.84
|
58
|
0
|
-90
|
21/03/2025
|
NZAC119
|
AC
|
381610.8
|
6592687.3
|
356.86
|
54
|
0
|
-90
|
22/03/2025
|
NZAC120
|
AC
|
381623.6
|
6592699.3
|
356.88
|
53
|
0
|
-90
|
22/03/2025
|
NZAC121
|
AC
|
381636.0
|
6592712.0
|
356.9
|
49
|
0
|
-90
|
22/03/2025
|
NZAC122
|
AC
|
381648.0
|
6592724.3
|
356.94
|
48
|
0
|
-90
|
22/03/2025
|
NZAC123
|
AC
|
381571.0
|
6592598.0
|
356.85
|
48
|
0
|
-90
|
23/03/2025
|
NZAC124
|
AC
|
381895.1
|
6592566.7
|
356.84
|
64
|
0
|
-90
|
23/03/2025
|
NZAC125
|
AC
|
381907.5
|
6592578.9
|
356.83
|
59
|
0
|
-90
|
23/03/2025
|
NZAC126
|
AC
|
381919.6
|
6592591.2
|
356.84
|
64
|
0
|
-90
|
23/03/2025
|
NZAC127
|
AC
|
381932.3
|
6592603.2
|
356.8
|
60
|
0
|
-90
|
24/03/2025
|
NZAC128
|
AC
|
381944.1
|
6592615.7
|
356.74
|
68
|
0
|
-90
|
24/03/2025
|
NZAC129
|
AC
|
381956.7
|
6592628.4
|
356.81
|
71
|
0
|
-90
|
24/03/2025
|
NZAC130
|
AC
|
381969.0
|
6592641.0
|
356.79
|
60
|
0
|
-90
|
25/03/2025
|
NZAC131
|
AC
|
381959.9
|
6592575.7
|
356.99
|
63
|
0
|
-90
|
25/03/2025
|
NZAC132
|
AC
|
381972.0
|
6592588.0
|
306.93
|
65
|
0
|
-90
|
25/03/2025
|
NZAC133
|
AC
|
381984.1
|
6592601.0
|
356.94
|
66
|
0
|
-90
|
25/03/2025
|
NZAC134
|
AC
|
381996.8
|
6592613.2
|
357
|
63
|
0
|
-90
|
27/03/2025
|
NZAC135
|
AC
|
381647.6
|
6592651.0
|
356.6
|
59
|
0
|
-90
|
27/03/2025
|
NZAC136
|
AC
|
381659.9
|
6592663.4
|
356.65
|
60
|
0
|
-90
|
28/03/2025
|
NZAC137
|
AC
|
381672.2
|
6592675.7
|
356.66
|
60
|
0
|
-90
|
28/03/2025
|
NZAC138
|
AC
|
381684.6
|
6592688.0
|
356.7
|
64
|
0
|
-90
|
29/03/2025
|
NZAC139
|
AC
|
381563.2
|
6592662.1
|
356.88
|
49
|
0
|
-90
|
29/03/2025
|
NZAC140
|
AC
|
381575.0
|
6592673.5
|
356.9
|
57
|
0
|
-90
|
29/03/2025
|
NZAC141
|
AC
|
381587.2
|
6592686.1
|
356.92
|
47
|
0
|
-90
|
30/03/2025
|
NZAC142
|
AC
|
381599.5
|
6592698.4
|
356.95
|
48
|
0
|
-90
|
30/03/2025
|
NZAC143
|
AC
|
381612.0
|
6592710.9
|
356.97
|
49
|
0
|
-90
|
31/03/2025
|
NZAC144
|
AC
|
381624.2
|
6592723.4
|
357
|
49
|
0
|
-90
|
30/03/2025
|
NZAC145
|
AC
|
381636.6
|
6592735.6
|
356.85
|
47
|
0
|
-90
|
30/03/2025
|
Table 3: Northern Zone assay results above 0.3 g/t
Au