Oracle Power PLC has released final assay results from its 2025 drilling campaign at the Kalgoorlie Gold Project in Western Australia, confirming further shallow gold mineralisation at the Northern Zone.
The latest results highlight several strong intercepts, including 8 metres at 5.81 g/t gold from 46 metres in hole NZAC179 and 4 metres at 4.09 g/t gold from 54 metres in hole NZAC174. The drilling has successfully expanded the known gold footprint and infilled mineralisation within the central Saddle area, improving geological confidence across the zone.
Oracle Power said the results support the continuity of near-surface gold mineralisation and strengthen the project’s development potential. Progress toward securing a mining lease continues, with Native Title agreements already signed and the Mine Development and Closure Plan advancing through the regulatory process.
The company plans to restart drilling on 10 February 2026, targeting further extensions to the shallow gold mineralisation as it moves the Kalgoorlie Gold Project closer to development.
Highlights
· Riversgold continues intersecting shallow gold mineralisation as it expands it gold footprint at the Northern Zone Gold Project near Kalgoorlie in Western Australia.
· The balance of the 2025 drilling campaign has now been received, with a further 16 drillholes reported.
· Gold mineralisation continues to expand the northeastern zone and infill the central Saddle area.
· Significant results following on from previously announced selection intercepts.
Naheed Memon, CEO of Oracle, commented:
“These latest results, the last of our 2025 drilling campaign, are excellent and continue to excite us and as we continue to enlarge the north-eastern zone gold mineralised zone, and more importantly have confirmed the continuity of the previously undrilled central saddle zone between the eastern and western mineralised zones. Our modelling suggests that this could constitute part of a ~600m wide zone of shallow oxide mineralisation overlying the Northern Zone porphyry system. I would also like to remind shareholders that we have drilled this porphyry to a depth of around 500m and we anticipate deeper drilling after we start the mining process with MEGA Resources.
“Overall, the outcomes from the 2025 drilling have been very effective in enlarging the shallow, oxide gold footprint at our Kalgoorlie Gold Project, and to strengthen the MEGA Resources mining scenario for 2026. We are consistently achieving the goal of making the Project bigger in the oxide zone and we will continue to make this shallow gold project significantly larger in Q1 and Q2. I look forward to updating shareholders as we progress the Project further.”
