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An update from Oracle Coalfields ( (GB:ORCP) ) is now available.
Oracle Power PLC has received approval from the Department of Energy, Mines, Industry Regulation and Safety for a Programme of Works at its Northern Zone Gold Project in Western Australia. This includes 200 additional drill holes and other activities aimed at advancing the project towards a maiden Mineral Resource Estimate. The company is also conducting a high-resolution drone magnetic survey and structural logging to develop a geological model. Metallurgical testwork is underway, and the company is progressing with its Mining Licence application and a Miscellaneous Licence to facilitate ore transport. These developments are expected to enhance the project’s value and provide updates to shareholders.
More about Oracle Coalfields
Oracle Power PLC is an international project developer operating in the mining industry. The company focuses on developing mineral resources, with a particular emphasis on gold projects in Western Australia.
Average Trading Volume: 262,943,708
Technical Sentiment Signal: Sell
Current Market Cap: £2.23M
For a thorough assessment of ORCP stock, go to TipRanks’ Stock Analysis page.