Oracle Power Provides Q2 2025 Update on Australian and Pakistan Projects
Why we think this is neutral
This RNS provides a general business update on Oracle Power's projects in Australia and Pakistan, but does not contain any specific financial figures, contract news, or other mandatory news categories. The update highlights progress on exploration, regulatory approvals, and corporate activities, but does not indicate any significant positive or negative developments that would warrant a stronger sentiment score.
Key Points
- Positive drilling results and metallurgical test work at the Northern Zone gold project in Western Australia
- Identification of new copper zones at the Blue Rocks Valley project in Australia
- Extensions granted by the Government of Sindh for the company's renewable energy and green hydrogen projects in Pakistan
- Successful capital raising of £318,600 to fund project development
Summary
The international project developer provides an overview of its activities in the second quarter of 2025, including progress on gold exploration in Western Australia and renewable energy initiatives in Pakistan.
Oracle Power PLC (AIM: ORCP) has provided an update on the progress of its project portfolio across Western Australia and Pakistan during Q2 2025. Key highlights include:
- Continued exploration and drilling at the Northern Zone gold project in Western Australia, with positive results and plans to update the mineral resource estimate.
- Advancement of the Blue Rocks Valley copper and silver project in Australia, including geochemical sampling and plans for further exploration.
- Securing extensions to the validity of key project permissions for the company's renewable energy and green hydrogen initiatives in Pakistan.
- Successful capital raising of £318,600 to support the development of the company's Australian and Pakistani projects.
Key Dates
13 May 2026
Expiry of extended Letter of Intent for 1.3 GW renewable power project in Jhimpir, Pakistan
1 March 2027
Expiry of renewed Memorandum of Understanding for Green Hydrogen Project in Thatta, Pakistan
July 2025
Shareholder Q&A session
GENERAL UPDATE