Preliminary Heritage Report: Northern Zone

Oracle Power PLC

22 April 2026

 

22 April 2026

Oracle Power PLC

 ("Oracle" or the "Company")

Preliminary Heritage Report Indicates Clearance for MDCP at the

Northern Zone Gold Project

Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce that it has received the preliminary heritage survey report from the recently completed heritage survey over the  Northern Zone Intrusive Hosted Gold Project ("Northern Zone Gold Project"), located  25 km east of Kalgoorlie in Western Australia (refer to Figure 1 and Figure 2 for location).

Highlights

·    Oracle and Riversgold continue to advance the Northern Zone Gold Project towards a Mine Development and Closure Plan (MDCP).

·    Approval of the MDCP will allow for mining activities to proceed following grant of the Mining Lease.

·    As previously announced, conversion of the Northern Zone Gold Project tenement to a Mining Lease is well advanced and is expected shortly.

·    The preliminary heritage report over P25/2888, P25/2848 and P25/2651 (M25/389) indicates that no heritage places have been identified during the heritage survey, and it advises that the entire tenement package areas have been cleared with regard to heritage.

·    Final heritage report is expected in about four weeks and will form part of the MDCP submission to the Government

·    Oracle and Riversgold have  signed a Right to Mine and Co-Operation Agreement with MEGA Resources (MEGA) for the Northern Zone Gold Project.^[1]

·    MEGA will provide all development and mining funding for the Northern Zone Gold Project on a 50/50 profit share with the JV.

Naheed Memon, CEO of Oracle, commented:

"This very important heritage clearance is a tremendous step forward for the long-term aspirations of Oracle and its co-development partner and stakeholders. The recently completed heritage survey, conducted about two weeks ago, has cleared the entire tenement package, including all the areas allocated for our initial planned mining operations with MEGA Resources and future surface and deep drilling programmes."

A preliminary heritage report for the Northern Zone Gold Project over P25/2888, P25/2848 and P25/2651 (M25/389) has been received from the Kapurn, Kalamaia and Karlaku Traditional Owners indicating that no heritage places have been identified and the areas have been cleared.

Based on this preliminary report, all areas for any planned mining and drill programmes have been cleared.

It should be cautioned that the current preliminary heritage report may be subject to change with further discussions between the heritage consultants and the Kapurn, Kalamaia and Karlaku Traditional Owners, however, it is not expected that the final heritage report will differ significantly from the current heritage report in its results and impact on the planned mining and work programs.

The Northern Zone Gold Project is hosted within a porphyry unit (Tonalite-Trondhjemite Intrusion, "TTI"), with high background gold and horizontal gold mineralised units within the TTI unit. The Northern Zone Project sits within the Canon Shear or fault zone, with further drilling required to define the limits of mineralisation identified to date. The horizontal mineralisation makes drilling to date perpendicular to the gold mineralisation, and no water in drilling to a depth of 60 metres makes the TTI also suitable for drilling with the techniques the Company has utilised to date.

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For further information on Oracle, visit the Company's website at  or contact:

Oracle Power PLC

Naheed Memon - CEO                                                                                  [phone]

Strand Hanson Limited (Nominated Adviser & Broker)

Rory Murphy, Matthew Chandler, Rob Patrick                                    [phone]

St Brides Partners Limited (Financial PR)

Susie Geliher, Isabel de Salis                                                                       [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, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

Figure 1: Northern Zone Project Map showing the cleared Heritage Survey Areas.

Figure 2: Location of Northern Zone Project showing proximity to the Kalgoorlie "Super Pit", Golden Mile/Fimiston.

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^[1] Announcement dated 30 September 2025 - "Mining and Co-Operation Agreement with Mega Resources."

 

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