Kalgoorlie Gold - Native Title Agreements Signed
Summary by AI BETAClose X
23 December 2025
Oracle Power PLC
("Oracle" or the "Company")
Kalgoorlie Gold Project - Native Title Agreements Signed
Northern Zone Gold Project
25km East of Kalgoorlie
Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that it and its JV partner, Riversgold Limited ("Riversgold") have now executed a Deed for Grant of Mining Tenement and a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group ("Marlinyu Ghoorlie"). These agreements relate to tenements M25/389 and P25/2848 that cover the ground over the Company's Kalgoorlie Gold Project.
Highlights
· Important milestone achieved for the granting of a mining lease.
· The executed key agreements with the Marlinyu Ghoorlie Native Title Claimant Group cover the Northern Zone Gold Project ("Northern Zone"), and any surrounding project areas.
· The agreements set out protocols for heritage surveys, safeguards for site protection, and streamlined grant of mining lease tenure and clearance procedures for activities under Oracle and Riversgold's tenure.
· Oracle and Riversgold have signed a Right to Mine and Co-Operation Agreement with MEGA Resources (MEGA).
· MEGA will provide all development and mining funding for Northern Zone on a 50/50 profit share
Naheed Memon, CEO of Oracle, commented:
"We are very pleased to have signed this very important set of agreements with the Marlinyu Ghoorlie. These landmark agreements reflect the Northern Zone Gold Project's owners' commitment to working in partnership with the Marlinyu Ghoorlie people in a spirit of goodwill and mutual respect. This is a major milestone towards the advancement of the project and a key part of what is needed to convert the tenements to a Mining Lease and our moves to open up Northern Zone to gold production in 2026 with MEGA."
These agreements provide a solid framework of cooperatively working together to identify and protect Aboriginal Cultural Heritage on the Northern Zone whilst allowing the Company to advance towards gold production with Mega in 2026.
About the MEGA Resources Right to Mine and Co-Operation Agreement for gold production at Northern Zone:
On the 30 September 2025, Oracle announced that it had signed a binding Right to Mine and Co-Operation Agreement with MEGA Resources (MEGA) for the right to mine (the MEGA Agreement) with respect to its 20% owned Northern Zone Gold Project.
Under the MEGA Agreement, MEGA will pay 100% of the costs to develop and mine at Northern Zone, including paying for all ancillary activities (which incorporates haulage of material to the point of sale, maintenance of haul roads and processing costs).
In return for MEGA paying for all the upfront costs at Northern Zone, any profit generated from this partnership will be split 50% to MEGA and 50% to the Project Owners.
In May 2023, Oracle signed a farm-in agreement with Riversgold. Riversgold advised Oracle that it had exercised its option to own the 80% interest in the Northern Zone tenement in February 2025. Northern Zone is now owned by Riversgold 80% and Oracle 20%, and this did not change with the MEGA Agreement.
<END>
For further information on Oracle, 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, Ana Ribeiro +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.
Figure 1: Location of Northern Zone Gold Project in relation to the Kalgoorlie Golden Mile/Fimiston "Super Pit".
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 10 hours ago Johnson Matthey
- 11 hours ago Galliford Try
- 12 hours ago Galliford Try
- 12 hours ago Centrica
- 12 hours ago Smith & Nephew