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An update from Oracle Coalfields ( (GB:ORCP) ) is now available.
Oracle Power PLC has announced that Riversgold Limited has exercised its option to acquire an 80% interest in the Northern Zone Project, located near Kalgoorlie, Western Australia. Oracle will retain a 20% interest and will not incur any costs until the joint venture agreements are formalized by the end of 2025. This partnership allows Riversgold to advance the project through further drilling and resource estimation, potentially positioning the project for future mining operations. With the current high gold prices, this development could lead to significant economic opportunities for both companies involved.
More about Oracle Coalfields
Oracle Power PLC is an international project developer involved in various sectors, including energy and resources. The company focuses on developing projects in strategic locations to capitalize on market opportunities and enhance its value proposition.
YTD Price Performance: -29.17%
Average Trading Volume: 703,553,105
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.75M
Find detailed analytics on ORCP stock on TipRanks’ Stock Analysis page.
