Mining Lease Application Update
Summary by AI BETAClose X
17 February 2026
Oracle Power PLC
("Oracle" or the "Company")
Mining Lease Application Update - Kalgoorlie Gold Project
Northern Zone Gold Project
25km East of Kalgoorlie
Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that all objections to its application for a Mining Lease (M25/389) covering the Northern Zone gold project have been settled and the Company is now working with its lawyers to have the Mining Lease recommended for approval, and granted by Department of Mines, Petroleum and Exploration (DMPE) as soon as possible.
The Northern Zone Intrusive Hosted Gold Project, located within the Company's Kalgoorlie Gold Project just 25 km east of Kalgoorlie in Western Australia (refer to Figure 1 for location).
Naheed Memon, CEO of Oracle, commented:
"We finalised the native title agreements with the Marlinyu Ghoorlie Native Title Claimant Group over the Northern Zone Gold Project at the end of last year, and have now resolved remaining objections that clears the way for the grant of Mining Lease M25/389. We anticipate that the Mining Lease will be granted in the coming weeks, which will prove to be a major milestone for our Kalgoorlie Gold Project plans with MEGA Resources."
<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, 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.
Figure 1: Location of Northern Zone Project showing proximity to the Kalgoorlie "Super Pit", Golden Mile/Fimiston.
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