Oracle Power Extends Shallow Gold Footprint at Kalgoorlie’s Northern Zone

Oracle Coalfields ( (GB:ORCP) ) just unveiled an update.

Oracle Power PLC has reported a new set of encouraging assay results from 21 additional drillholes at the Northern Zone Intrusive Hosted Gold Project within its Kalgoorlie Gold Project, showing further shallow gold mineralisation and extending the known mineralised footprint, particularly in the northeast and saddle areas. With notable intercepts such as 8 metres at 5.81 g/t gold and multiple other high‑grade shallow hits, the company says the data supports its model of a roughly 600‑metre‑wide zone of oxide mineralisation overlying the Northern Zone porphyry system and will feed into both a future maiden Mineral Resource Estimate and mine planning work being undertaken with MEGA Resources ahead of a targeted start to mining in the first half of 2026; concurrently, Oracle is progressing conversion to a Mining Lease, advancing its Mine Development and Closure Plan and environmental assessments, and has secured a drill rig for February to continue expanding the oxide resource base, developments that collectively strengthen the project’s pathway toward production and enhance its strategic positioning in the Kalgoorlie gold district.

The most recent analyst rating on (GB:ORCP) stock is a Hold with a £0.08 price target. To see the full list of analyst forecasts on Oracle Coalfields stock, see the GB:ORCP Stock Forecast page.

Spark’s Take on GB:ORCP Stock

According to Spark, TipRanks’ AI Analyst, GB:ORCP is a Neutral.

The score is held down primarily by the lack of revenue, continued losses, and negative cash flow implying ongoing reliance on external funding. Technicals provide some support via a strong uptrend, but overbought momentum (high RSI) and high volatility increase pullback risk; valuation is constrained by negative earnings and no dividend data.

To see Spark’s full report on GB:ORCP stock, click here.

More about Oracle Coalfields

Oracle Power PLC is an international project developer listed on London’s AIM market, with a focus on advancing gold and energy projects. The company is currently developing the Kalgoorlie Gold Project in Western Australia, where it is working alongside partners including Riversgold and MEGA Resources to delineate and advance shallow, oxide-hosted gold mineralisation at the Northern Zone Intrusive Hosted Gold Project toward near-term production.

Average Trading Volume: 281,157,622

Technical Sentiment Signal: Buy

Current Market Cap: £11.79M

See more data about ORCP stock on TipRanks’ Stock Analysis page.