Business
Kalgoorlie Gold - Native Title Agreements Signed
Oracle Power PLC has achieved a significant milestone at its Kalgoorlie Gold Project by executing native title agreements with the Marlinyu Ghoorlie Native Title Claimant Group, paving the way for the granting of a mining lease. These agreements, covering tenements M25/389 and P25/2848, establish protocols for heritage surveys and site protection, facilitating streamlined mining lease clearance procedures. Furthermore, Oracle and its JV partner Riversgold have signed a Right to Mine and Co-Operation Agreement with MEGA Resources, whereby MEGA will fund 100% of the development and mining costs for the Northern Zone Gold Project, with profits to be shared 50/50 between MEGA and the project owners. This arrangement positions the project for gold production in 2026. Disclaimer*
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[{"type":"text","content":"\n\n23 December 2025\nOracle Power PLC\n (\"Oracle\" or the \"Company\")\n \nKalgoorlie Gold Project - Native Title Agreements Signed\nNorthern Zone Gold Project\n25km East of Kalgoorlie\n \nOracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that it and its JV partner, Riversgold Limited (\"Riversgold\") have now executed a Deed for Grant of Mining Tenement and a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group (\"Marlinyu Ghoorlie\"). These agreements relate to tenements M25/389 and P25/2848 that cover the ground over the Company's Kalgoorlie Gold Project.\n \nHighlights\n \n· Important milestone achieved for the granting of a mining lease.\n· The executed key agreements with the Marlinyu Ghoorlie Native Title Claimant Group cover the Northern Zone Gold Project (\"Northern Zone\"), and any surrounding project areas.\n· The agreements set out protocols for heritage surveys, safeguards for site protection, and streamlined grant of mining lease tenure and clearance procedures for activities under Oracle and Riversgold's tenure.\n· Oracle and Riversgold have signed a Right to Mine and Co-Operation Agreement with MEGA Resources (MEGA).\n· MEGA will provide all development and mining funding for Northern Zone on a 50/50 profit share\n \nNaheed Memon, CEO of Oracle, commented:\n\"We are very pleased to have signed this very important set of agreements with the Marlinyu Ghoorlie. These landmark agreements reflect the Northern Zone Gold Project's owners' commitment to working in partnership with the Marlinyu Ghoorlie people in a spirit of goodwill and mutual respect. This is a major milestone towards the advancement of the project and a key part of what is needed to convert the tenements to a Mining Lease and our moves to open up Northern Zone to gold production in 2026 with MEGA.\"\n \nThese agreements provide a solid framework of cooperatively working together to identify and protect Aboriginal Cultural Heritage on the Northern Zone whilst allowing the Company to advance towards gold production with Mega in 2026.\n \nAbout the MEGA Resources Right to Mine and Co-Operation Agreement for gold production at Northern Zone:\nOn the 30 September 2025, Oracle announced that it ...