Business
Northern Zone Gold Project Co-Operation Agreement
Northern Zone Gold Project Co-Operation Agreement.
About this update from Oracle Power Plc
[{"type":"text","content":"\n\n30 September 2025\nOracle Power PLC\n (\"Oracle\" or the \"Company\")\n \nMining and Co-Operation Agreement with Mega Resources\nNorthern Zone Gold Project\nMEGA Resources will fully-fund the operations with Project Owners to receive 50% of the profit\nOracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that Oracle (through its Australian subsidiary) and Riversgold Limited (\"Riversgold\") have agreed a binding Right to Mine and Co-Operation Agreement with MEGA Resources Pty Limited (\"MEGA Resources\") and Bain Global Resources Pty Limited (\"BGR Pty\") for the right to mine (the \"MEGA Resources Agreement\") with respect to the Northern Zone Gold Project (\"Northern Zone\") located 25km east-south-east of the Kalgoorlie Super Pit in Western Australia. Figure 1.\n \nHighlights:\n· The Northern Zone is owned 80% by ASX listed Riversgold and 20% by Oracle (\"Project Owners\") as set out in the Earn-in Agreement between the Project Owners in May 2023, with the JV agreement to be documented by 31 December 2025 latest.\n· Riversgold has signed on the Project Owners behalf, a Right to Mine and Co-Operation Agreement with established WA Goldfields mining services provider MEGA Resources for full project funding, mining, and haulage services at its Northern Zone.\n· MEGA Resources is a full-service mining contractor that will now be providing all of the funding for the operation, through BGR Pty; MEGA Resources will also provide geological and engineering services and manage project approvals.\n· Mega Resources has a partnership with mining giant BGR Mining & Infra Limited, which owns BGR Pty, and which will provide funding for mining operations at the Northern Zone.\n· No upfront funding is required from the Project Owners.\n· MEGA Resources and BGR will share profits equally (50/50) from operations with the Project Owners.\n· 10% of monthly profits (funded on a 50/50 basis) will be reinvested back into grade control and step out drilling.\n· MEGA Resources is aiming to break ground during the first quarter of 2026, subject to the Project Owners gaining all the final tenement permissions, mining approvals and the sign...