Oracle Power making progress in Australia and at Thar

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  • Oracle Power receives green light to start work at Australian gold project
  • 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 Aug 2021

() has announced that the Department of Mines, Industry Regulation and Safety of Western Australia, has approved its Programme of Work for the Northern Zone Gold Project.

The first phase is to complete seven Reverse Circulation drill holes up to 260 metres deep, for a total of around 1,500 metres, specifically targeting gold mineralisation within a series of stacked porphyry intrusions.

To undertake the work at Northern Zone, BM Geological Services has been contracted to carry out the drill programme and are advanced in securing a drill rig, following which it will be mobilised to site, which is expected in two to four weeks’ time in total.

The Northern Zone is comprised of one granted prospecting licence which covers an area of 82 hectares.

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27 Jul 2021

() has appointed Edward Mead as exploration manager for its Western Australian gold projects.

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.

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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.

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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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