TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Oracle Coalfields ( (GB:ORCP) ) is now available.
Oracle Power PLC has entered into a binding Right to Mine and Co-Operation Agreement with MEGA Resources and Bain Global Resources for the Northern Zone Gold Project in Western Australia. MEGA Resources will fully fund the operations, providing mining, geological, and engineering services, while profits will be shared equally with the project owners, Oracle and Riversgold. This agreement eliminates the need for upfront funding from Oracle and positions the company to benefit from potential profits, accelerating the mining of gold deposits and expanding drilling efforts.
More about Oracle Coalfields
Oracle Power PLC is an international project developer involved in the mining industry, focusing on gold mining projects. The company operates through its subsidiaries and is engaged in partnerships to develop mining projects, such as the Northern Zone Gold Project in Western Australia.
Average Trading Volume: 708,241,136
Technical Sentiment Signal: Hold
Current Market Cap: £4.4M
For a thorough assessment of ORCP stock, go to TipRanks’ Stock Analysis page.