Oracle Power PLC (ORCP.L) Appointment of Exploration Manager In Australia

Northern Zone Gold Project Update, Kalgoorlie, Western Australia

Oracle Power PLC (AIM:ORCP), is pleased to announce the appointment of Mr. Edward Mead as Exploration Manager for Oracle’s Western Australian gold projects. Mr. Mead is a qualified geologist with more than 25 years’ experience in gold and base metals exploration, mine development and mine production. He has worked in a wide range of geological settings and with projects at various stages.

Oracle is also pleased to announce the submission of a Programme of Work (PoW) for the Northern Zone Gold Project, located only 25km east of Kalgoorlie in Western Australia. First phase is to complete 7 Reverse Circulation (RC) drillholes up to 260 metres deep, for a total of ~1,500 metres specifically targeting gold mineralisation within a series of stacked porphyry intrusions.

To undertake the work at Northern Zone, BM Geological Services (BMGS) have been contracted to carry out the drill programme and have started the process of securing a drill rig, pending approval of the PoW, which is expected in the next 2 weeks.

Naheed Memon, CEO of Oracle, commented :

“It is a positive step to appoint Edward as Exploration Manager of Oracle’s Western Australian gold assets, which will increase the focus of the company to drive Northern Zone and Jundee East forward. Having Edward, who is based in Perth, available to meet with and manage our consultants has already assisted the company greatly with plans to undertake the first phase drill programme for Northern Zone. Once the POW approval is given, BMGS will be able to confirm drill rig availability and start date.”

“Jundee East geochemical soil samples have been submitted and registered at ALS Global, with results expected in 4 weeks.”

Oracle Power PLC

Naheed Memon – CEO +44 (0) 203 580 4314


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