Earnings release
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RNS Number : 6431QOracle Power PLC11 July 2025 11 July 2025 Oracle Power PLC ("Oracle" or the "Company") Q2 2025 Overview and Shareholder Q&A Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to provide the following update on its progress during Q2 2025 in respect of its project portfolio across Western Australia and Pakistan. Northern Zone Intrusive Hosted Gold Project ("Northern Zone"), Western Australia Q2 marked another significant period for Northern Zone: · Throughout the quarter, Oracle and its partner, Riversgold Limited (ASX:RGL), completed an 11-hole, 1,289m reverse circulation (RC) drill programme which confirmed and extended the shallow gold mineralisation associated with the porphyry system. · Significant high-grade intercepts, included: o 10m @ 8.89 g/t Au from 46m (NZAC127), including 1m @ 77.96 g/t Au from 54m o 6m @ 6.12 g/t Au from 35m (NZRC012) o 18m @ 1.94 g/t Au from 49m (NZRC016), including 3m @ 8.20 g/t Au from 60m · Metallurgical test work confirmed average gold recoveries of 92.56%, further supporting the viability of oxide mineralisation. · A further vertical drill programme of 1,805m was completed, with final assay results returned and used to update the mineralisation model. · An additional 200 drill hole Programme of Works has been approved by the Department of Energy, Mines, Industry Regulation and Safety. · Structural logging of four diamond drill holes to 500m depth is underway, in support of a maiden Mineral Resource Estimate (MRE). · High-resolution drone magnetic survey completed and results being used for structural interpretation. · The Mining Licence application process in ongoing. · Miscellaneous licences applied for in order to facilitate ore transport to regional processing facilities. Blue Rocks Valley Copper and Silver Project ("Blue Rocks"), Australia The Company made further strides in refining and advancing its exploration efforts at Blue Rocks: · In April, Apex Geoscience completed the maiden geochemical sampling programme across a 2km mineralised strike zone. · Results confirmed copper anomalies consistent with known mineralisation and revealed new zones to the northwest and southeast of the main workings area. · A 320m priority target zone has been identified over the main workings area. · Drill traverses have been designed to test these anomalies, with regulatory and heritage applications underway.
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· The Company's next steps to define mineralisation are being considered, with expansion of geochemical sampling to the North East. · Expert Geophysics techniques of MobileMT drone-based technology are also being considered. · Drilling to test the anomalies can also be deployed, with drill traverses proposed. Green Hydrogen and Renewable Power Project, Pakistan Oracle's green hydrogen initiative in Sindh continued to gain strategic and regulatory momentum: · In March, the Government of Sindh granted an extension to the validity period of the Letter of Intent (LOI) for the 1.3 GW renewable power project in Jhimpir. The LOI, previously set to expire in January 2025, now remains valid until 13 May 2026. · In April, the Memorandum of Understanding (MoU) to co-develop the Green Hydrogen Project in Thatta was renewed for an additional two years, extending its validity to 1 March 2027. · These developments support the project's long-term stability and provide a firm platform for progressing FEED studies, offtake discussions and strategic partnerships. Corporate · In April, Oracle successfully raised gross proceeds of £318,600 via a placing. The net proceeds of this placing are being deployed to progress the development of its projects in Australia and Pakistan. · Between 27-28 May, and as part of the ongoing business development programme, CEO Naheed Memon, attended and spoke at the 2025 Middle East Petroleum & Gas Conference (MPGC) in Bahrain. Naheed Memon, CEO of Oracle, commented: "Q2 2025 has seen further progress for Oracle across multiple fronts. At the Northern Zone, we continue to be encouraged by the robust drilling results, the expansion of the gold system and the high metallurgical recoveries, all of which build confidence as we progress toward a maiden Mineral Resource Estimate. At Blue Rocks, the identification of new copper zones adds further potential to our exploration portfolio. "We are also pleased with the support received from the Government of Sindh to extend the validity of key project permissions for our renewable energy and green hydrogen initiatives. These approvals underscore the strength of our partnerships and the strategic importance of our work in Pakistan." Details of a shareholder Q&A session will be published on the Company's website later this month. To submit questions, please email oracle@stbridespartners.co.uk with "Q2 2025 Shareholder Q&A" in the subject line. The deadline for submission of questions is 5 p.m. on 15 July 2025. *ENDS* For further information on Oracle, visit the Company's website at www.oraclepower.co.uk or contact: Oracle Power PLCNaheed 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, Will Turner +44 (0) 20 7236 1177 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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