Oracle Power PLC Exploration Plans: High-Grade Blue Rocks Project

RNS Number : 2694L

Oracle Power PLC

07 November 2024

 

7 November 2024

Oracle Power PLC

("Oracle" or the "Company")

 

Exploration Plans to Advance High-Grade Blue Rocks Copper Project in Australia

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to update shareholders on the next steps at the Blue Rock Valley Copper Project (the "Project"), located in the Ashburton Basin in the northwest region of Western Australia.

 

The recently completed gravity survey confirmed multiple gravity targets for follow up work along the main Blue Rock valley copper mineralised trend which extends to approximately 2km strike. A site visit to further assess the anomalies is being planned, along with a decision on whether to undertake geochemical sampling. Further geophysical techniques are also being considered, such as Expert Geophysics Limited's drone-based MobileMT system, and to assess potential further drill locations.

 

Naheed Memon, CEO of Oracle, commented: "I am  pleased to confirm that based on the positive results from the gravity survey at the high grade Blue Rocks Copper Project, which identified a gravity anomaly strike of approximately 2km in the area covered by the survey, we plan to go back on the ground to assess the anomalies, consider potential drill locations, and look at other techniques which can advance the project. A geochemical sampling programme is also being considered, as well as the drone-based system, MobileMT. We look forward to updating shareholders as we work to confirming plans to advance this project."

 

ENDS

For further information contact:

 

Oracle Power PLC Naheed Memon - CEO	[phone]
Strand Hanson Limited (Nominated Adviser & Broker) Rory Murphy, Matthew Chandler, Rob Patrick	[phone]
St Brides Partners Limited (Financial PR) Isabel de Salis, Susie Geliher	[e-mail]

 

                                                                               

 

 

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