Oracle Power making progress in Australia and at Thar

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  • Oracle Power says each Australian gold project could deliver significant shareholder value
  • Oracle Power’s Thar project could double in size, with the potential addition of a gas-to-urea capability
  • Oracle Power is granted the exploration tenement for Jundee East Gold Project
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Quick facts: Oracle Power PLC

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Oracle Power is an international power and natural resource project developer listed on London’s AIM market.

In November 2020, Oracle added diversification with the acquisition of gold projects in Australia where subsequent work has provide excitement, new catalysts and the prospect of discoveries in the same neighbourhood as some major mining operations.

The company remains focussed on delivering reliable and affordable power in emerging developing markets, unlocking the value of underutilised and undeveloped natural resources to provide energy security and support economic growth and development.

13 Jul 2021

() told investors it believes its two gold projects in Western Australia, Northern Zone and Jundee East, could each deliver significant shareholder value over the medium term.

Chief executive Naheed Memon, in a statement, highlighted excitement around the company’s findings and plans in Western Australia.

“Drilling is anticipated to start at Northern Zone, which is located 25km east of Kalgoorlie, the home of the Super Pit mine, the second-largest gold mine in Australia, in a matter of weeks,” he said. “This is a major development for Oracle and will feed invaluable results into the market to provide guidance on the mineralised potential of this exceptionally promising exploration project.”

During the second quarter of 2021, the company’s operations were centred on Jundee East, including the announcement in March of a newly identified substantial greenstone belt discovered through surveying.

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09 Jul 2021

() revealed a proposed drilling programme has been designed for the Northern Zone Gold Project in Western Australia.

The first phase is to complete seven reverse circulation (RC) drill holes, each up to 260 metres deep, for a total of around 1,500 metres specifically targeting gold mineralisation within a series of stacked porphyry intrusions.

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05 Jul 2021

()(AQSE:ORCP) has commenced geochemical sampling at its 100%-owned Jundee East gold project in Australia.

The sampling will cover virtually the whole tenement, and will expand on the maiden geochemical sampling programme which returned highly positive results in June.

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03 Dec 2020

The scope of the energy development projects that are likely to be undertaken by () in Pakistan could be about to get significantly larger, if a plan to augment the existing coal-to-power offering with a coal-to-gas and urea project comes to fruition.

Exactly when or how such a development in Oracle’s plans comes to be formalised remains to be seen, as there has been a certain amount of bureaucratic flux in Pakistan lately, as the coronavirus crisis has had a deepening impact on the economy there.

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24 May 2021

Oracle Power’s () CEO Naheed Memon joins Proactive London with the news that the exploration tenement has been granted for their Jundee East Gold Project.

The project now has a whole new team of geologists on the ground preparing to get to work at the site, which is located in the Eastern Goldfields region of Western Australia.

Memon says ‘it’s all moving forwards now’.

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Oracle Power is granted the exploration tenement for Jundee East Gold Project

Oracle Power’s (LON:ORCP) CEO Naheed Memon joins Proactive London with the news that the exploration tenement has been granted for their Jundee East Gold Project.

The project now has a whole new team of geologists on the ground preparing to get to work at the site, which is located in the…

on 24/5/21

2 min read

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