Business
Northern Zone Update
Oracle Power PLC has completed 31 new shallow drill holes totaling 2,013 metres at the Northern Zone of its Kalgoorlie Gold Project, submitting 1,475 samples for assay with results expected soon. The company is progressing its Mine Development and Closure Plan, including geotechnical drilling, water bore completion, and environmental assessments, in collaboration with Resources-WA and its production partner MEGA Resources. The conversion of the tenement to a Mining Lease is nearing completion, and the Right to Mine and Co-Operation Agreement with MEGA Resources, which will fund development on a 50/50 profit share basis, was signed in September 2025, with mining anticipated to commence later this year. Disclaimer*
About this update from Oracle Power Plc
[{"type":"text","content":"\n\n25 February 2026\nOracle Power PLC\n(\"Oracle\" or the \"Company\")\n \nGold Mine Development Plan and Drilling Update - Kalgoorlie Gold Project\n \nOracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce the completion of a further grade control 31 drill holes for 2,013 metres at the Northern Zone Intrusive Hosted Gold Project (\"Northern Zone\" or the \"Project\"), located within the Company's Kalgoorlie Gold Project just 25 km east of Kalgoorlie in Western Australia (refer to Figure 1 for location). Marking the commencement of the 2026 drilling campaign, the Company has submitted 1,475 samples for assay with results expected in batches in the coming weeks.\n \nHighlights\n· 31 new shallow drill holes (2,013m) have been completed at the Northern Zone, between the central and eastern mineralisation zones\n· Samples submitted for analysis and results will be reported in batches in coming weeks\n· Mine Development and Closure Plan (MDCP) and associated environmental assessments progressing well in collaboration with Resources-WA and the joint venture's production partner, MEGA Resources (MEGA)\n· MDCP work completed to date or underway includes:\n· Four geotechnical pre-collar drill holes to depths of ~70m for pit slope stability assessment work\n· These four geotechnical holes will now be diamond-tail drilled to a total depth of 100m each and structurally logged by Xirlatem in Kalgoorlie, with compression strength testing to be undertaken in Perth\n· Water bore hole successfully completed and tested\n· Stakeholder engagement schedule completed\n· Flora and Fauna survey in progress\n· Ore/waste samples taken and characterisation analysis underway\n· Topsoil analysis for rehabilitation studies underway\n· Conversion of the tenement to a Mining Lease is well advanced and, as previously announced, expected in the coming weeks\n· Right to Mine and Co-Operation Agreement with MEGA Resources for the Project signed September 2025[1]\n· MEGA to provide all development and mining funding for Northern Zone on a 50/50 profit share.\n \nN...