Progress towards Mining at Northern Zone

Oracle Power PLC

20 July 2026

 

20 July 2026

Oracle Power PLC

 ("Oracle" or the "Company")

Progress towards Mining at Northern Zone - Kalgoorlie Gold Project

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to provide an update on progress of the Native Vegetation Clearing Permit (NVCP) and the Mine Development and Closure Proposal (MDCP), covering the Northern Zone Gold Project (M25/389), part of the Company's Kalgoorlie Gold Project, which is located 25 km east of Kalgoorlie in Western Australia (see Figure 1).

Highlights

·    Site clearance permit and Native Vegetation Clearing Permit (NVCP) applications due for submission this month

o  Fauna Report: preparation of final report.

o  Flora Report: preparation of final integrated flora/vegetation report.

·    Mine Development and Closure Proposal (MDCP) progressing

o  Heritage Report: work area clearance survey completed, with preparation of final report.

o  Hydrogeology Report: Nearing completion. Pending flood model to determine the topographic boundary for placing the topsoil.

o  Geotech, Geology and Soil: Laboratory test results received and analysis/report in progress

Naheed Memon, CEO of Oracle, commented:

"The team has been working in parallel to the recent granting of M25/389 to progress all the inputs required for the submission of the NVCP and MDCP, which will then provide the operating permit for the start of mining operations This work has been progressing well. A significant number of the major inputs for the submission of the NVCP have now been completed, with final deliverables (reports) nearing completion for submission. The MDCP submission will follow as we finalise inputs. We continue to get much closer to turning dirt at Northern Zone and I look forward to updating shareholders on progress as we move forward."

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For further information on Oracle, visit the Company's website at http://www.oraclepower.co.uk 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: Location of Northern Zone Project showing proximity to the Kalgoorlie "Super Pit", Golden Mile/Fimiston.

 

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