REG - Oracle Power PLC - Kalgoorlie Gold Project - Drilling Results
02/02/2026 07:00
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RNS Number : 2697R Oracle Power PLC 02 February 2026
2 February 2026
Oracle Power PLC
("Oracle" or the "Company")
Kalgoorlie Gold Project - Drilling Results Continue to Deliver
Oracle Power PLC (AIM: ORCP), an international project developer, is pleased
to announce the last of the 2025 drilling programme assay results with the
last 16 drillholes at the Northern Zone Intrusive Hosted Gold Project
("Northern Zone" or the "Project"), located within the Company's Kalgoorlie
Gold Project just 25 km east of Kalgoorlie in Western Australia (refer to
Figure 1 for location). These results represent the final assays from the 2025
drilling programme. New results for the 2026 drilling campaign are expected to
follow shortly after drilling recommences on 10 February 2026.
Highlights
· Riversgold continues intersecting shallow gold mineralisation as it
expands it gold footprint at the Northern Zone Gold Project near Kalgoorlie in
Western Australia.
· The balance of the 2025 drilling campaign has now been received, with
a further 16 drillholes reported.
· Gold mineralisation continues to expand the northeastern zone and
infill the central Saddle area.
· Significant results following on from previously announced selection
intercepts, include:
· 4m @ 4.09 g/t Au from 54m (NZAC174) · 8m at 5.81 g/t Au from 46m (NZAC179)
· 1m @ 4.15 g/t Au from 46m (NZAC174) · 7m at 3.48 g/t Au from 48m (NZAC181)
· 1m @ 4.82 g/t Au from 43m (NZAC178) · 5m at 3.13 g/t Au from 41m (NZAC170)
· 8m @ 1.23 g/t Au from 44m (NZAC188) · 4m at 2.28 g/t Au from 43m (NZAC182)
· Conversion of the tenement to a mining lease continues on course with
the Native Title agreements signing in December 2025 being a major step
forward.(( 1 (#_ftn1) ))
· The Mine Development and Closure Plan (MDCP) and the associated
environmental assessments is progressing with Resource WA.
· Rig booked for 10 February, to begin the 2026 drilling campaign to
continue expanding the shallow gold footprint.
Naheed Memon, CEO of Oracle, commented:
"These latest results, the last of our 2025 drilling campaign, are excellent
and continue to excite us and as we continue to enlarge the north-eastern zone
gold mineralised zone, and more importantly have confirmed the continuity of
the previously undrilled central saddle zone between the eastern and western
mineralised zones. Our modelling suggests that this could constitute part of a
~600m wide zone of shallow oxide mineralisation overlying the Northern Zone
porphyry system. I would also like to remind shareholders that we have drilled
this porphyry to a depth of around 500m(( 2 (#_ftn2) )) and we anticipate
deeper drilling after we start the mining process with MEGA Resources.
"Overall, the outcomes from the 2025 drilling have been very effective in
enlarging the shallow, oxide gold footprint at our Kalgoorlie Gold Project,
and to strengthen the MEGA Resources mining scenario for 2026(( 3 (#_ftn3)
)). We are consistently achieving the goal of making the Project bigger in the
oxide zone and we will continue to make this shallow gold project
significantly larger in Q1 and Q2. I look forward to updating shareholders as
we progress the Project further."
The latest drill programme results (Tables 1-3) continue to successfully
intersect the mineralised host porphyry over an increasing footprint and
consistently validate the broader gold mineralisation model. Gold
mineralisation continues to be intersected in the northeastern area, which
remains open laterally and at depth (see Figure 2). The recent results have
also successfully infilled the central Saddle area, in a previous undrilled
area. A key SW-NE cross-section derived from 3D Leapfrog software is
illustrated in Figure 3. The interpretation illustrates gold grade shells
derived from all the significant intercepts reported to April 2025. The
Leapfrog model will be updated in the next few weeks.
Northern Zone is hosted within a porphyry unit (Tonalite-Trondhjemite
Intrusion, TTI), with high background gold and horizontal gold mineralised
units within the TTI unit. The Northern Zone Project sits within the Canon
Shear or fault zone, with further drilling required to define the limits of
mineralisation identified to date. The horizontal mineralisation makes
drilling to date perpendicular to the gold mineralisation, and no water in
drilling to a depth of 60 metres makes the TTI also suitable for drilling with
the techniques the Company has utilised to date.
This drilling will be used by MEGA Resources in their mine planning for our
joint plans to start mining in the first half of 2026.
END
For further information on Oracle, visit the Company's website at
http://www.oraclepower.co.uk (http://www.oraclepower.co.uk) or contact:
Oracle Power PLC
Naheed Memon -
CEO
+44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser & Broker)
Rory Murphy, Matthew Chandler, Rob
Patrick
+44 (0) 20 7409 3494
St Brides Partners Limited (Financial PR)
Susie Geliher, Will
Turner
+44 (0) 20 7236 1177
This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of
the Market Abuse (Amendment) (EU Exit) Regulations 2019.
Competent Person's Statement
The information in this announcement that relates to exploration results,
exploration targets, mineral resources or ore reserves is based on information
compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of
Mining and Metallurgy. Mr Mead is a director of Riversgold Limited and a
consultant to the Company through Doraleda Pty Ltd. Mr Mead has sufficient
experience which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity that he is undertaking to
qualify as a Competent Person as defined in the 2012 edition of the
`Australasian Code for Reporting Exploration Results, Mineral Resources and
Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this
information in the form and context in which it appears in this announcement.
Figure 1: Location of Northern Zone Project showing proximity to the
Kalgoorlie "Super Pit", Golden Mile/Fimiston.
Figure 2 Drill collar plan and reported significant drill intercepts. Gold
grade contours from all drilling results up to April 2025. Contours will be
updated in the next few weeks.
Figure 3: Cross-section of 3D Leapfrog software model. The interpretation
illustrates gold grade shells, derived from all the significant intercepts
reported to the ASX to April 2025. The Leapfrog model will be updated in the
next few weeks. The model is constrained via a 25m buffer to all the
RGL/Oracle drill hole traces that have been drilled at Northern Zone since
2021. Refer to Figure 2 Drill collar plan for the location of the section
line.
APPENDIX 1: Drilling Information
Table 1: Northern Zone Significant Intercepts from all 2025 grade control
drill rig drillholes and extensional drill rig holes with previously reported
results in grey.
Hole ID From (m) To (m) Width (m) Au g/t Intercept
NZAC146 56 65 9 1.33 9m @ 1.33 g/t Au from 56m , NZAC146
NZAC149 45 48 3 4.39 3m @ 4.39 g/t Au from 45m , NZAC149
including 47 48 1 0.93 Including 1m @ 11.78 g/t Au from 47m , NZAC149
NZAC150 48 51 3 1.89 3m @ 1.89 g/t Au from 48m , NZAC150
NZAC150 61 66 5 1.75 5m @ 1.75 g/t Au from 61m (EOH) , NZAC150
including 64 66 2 3.49 Including 2m @ 3.49 g/t Au from 64m (EOH) , NZAC150
NZAC151 47 51 4 0.83 4m @ 0.83 g/t Au from 47m , NZAC151
NZAC152 47 52 5 3.09 5m @ 3.09 g/t Au from 47m, NZAC152
NZAC152 66 72 6 0.72 6m @ 0.72 g/t Au from 66m (EOH), NZAC152
NZAC153 32 38 6 0.65 6m @ 0.65 g/t Au from 32m, NZAC153
NZAC153 46 47 1 11 1m @ 11.0 g/t Au from 46m, NZAC153
NZAC153 54 56 2 0.74 2m @ 0.74 g/t Au from 54m, NZAC153
NZAC154 62 70 8 0.62 8m @ 0.62 g/t Au from 32m, NZAC154
NZAC154 45 46 1 1.1 1m @ 1.10 g/t Au from 45m, NZAC154
NZAC155 49 51 2 1.47 2m @ 1.47 g/t Au from 49m, NZAC155
NZAC156 42 49 7 1.58 7m @ 1.58 g/t Au from 42m, NZAC156
NZAC157 33 36 3 0.7 3m @ 0.70 g/t Au from 33m, NZAC157
NZAC157 44 46 2 1.32 2m @ 1.32 g/t Au from 44m, NZAC157
NZAC158 38 40 2 0.98 2m @ 0.98 g/t Au from 38m, NZAC158
NZAC159 39 40 1 1.01 1m @ 1.01 g/t Au from 39m, NZAC159
NZAC159 61 62 1 1.26 1m @ 1.26 g/t Au from 61m, NZAC159 (EOH)
NZAC160 39 45 6 1.61 6m @ 1.61 g/t Au from 39m, NZAC160
NZAC160 60 61 1 1.83 1m @ 1.83 g/t Au from 60m, NZAC160 (EOH)
NZAC161 34 35 1 0.99 1m @ 0.99g/t Au from 34m, NZAC161
NZAC162 No significant Intercept
NZAC163 No significant Intercept
NZAC164 No significant Intercept
NZAC165 No significant Intercept
NZAC166 No significant Intercept
NZAC167 No significant Intercept
NZAC168 44 45 1 2.10 1m @ 2.10 g/t Au from 44m, NZAC168
NZAC170 41 46 5 3.13 5m @ 3.13 g/t Au from 41m, NZAC170
NZAC170 77 78 1 2.94 1m @ 2.94 g/t Au from 77m, NZAC170
NZAC170 94 95 1 1.96 1m @ 1.96 g/t Au from 94m, NZAC170
NZAC171 50 53 3 1.31 3m @ 1.31 g/t Au from 50m, NZAC171
NZAC172 36 38 2 0.97 2m @ 0.97 g/t Au from 36m, NZAC172
NZAC172 42 43 1 2.10 1m @ 2.10 g/t Au from 42m, NZAC172
NZAC172 61 63 2 1.79 2m @ 1.79 g/t Au from 61m, NZAC172
NZAC173 No significant Intercept
NZAC174 46 47 1 4.15 1m @ 4.15 g/t Au from 46m, NZAC174
NZAC174 54 58 4 4.09 4m @ 4.09 g/t Au from 54m, NZAC174
NZAC175 No significant Intercept
NZAC176 43 44 1 1.06 1m @ 1.06 g/t Au from 43m, NZAC176
NZAC177 No significant Intercept
NZAC178 43 44 1 4.82 1m @ 4.82 g/t Au from 43m, NZAC178
NZAC179 46 54 8 5.81 8m @ 5.81 g/t Au from 46m, NZAC179
NZAC180 No significant Intercept
NZAC181 48 55 7 3.48 7m @ 3.48 g/t Au from 48m, NZAC181
NZAC182 43 47 4 2.28 4m @ 2.28 g/t Au from 43m, NZAC182
NZAC183 No significant Intercept
NZAC184 No significant Intercept
NZAC185 No significant Intercept
NZAC186 No significant Intercept
NZAC187 No significant Intercept
NZAC188 44 52 8 1.23 8m @ 1.23 g/t Au from 44m, NZAC188
NZAC189 No significant Intercept
NZAC190 No significant Intercept
NZAC191 No significant Intercept
NZAC192 No significant Intercept
NZAC193 No significant Intercept
NZAC194 No significant Intercept
Table 2: Northern Zone Drill Collar Locations from the most recent drill 2025
programs.
Hole ID Type MGA_E MGA_N Elevation (m) Total Depth (m) Dip ((o)) AZM_MGA Date
NZAC146 GC 381899.8 6592682.5 356.7 66 0 -90 20/10/25
NZAC147 GC 381912.2 6592694.9 356.8 63 0 -90 21/10/25
NZAC148 GC 381919.8 6592682.5 356.7 66 0 -90 22/10/25
NZAC149 GC 381932.2 6592 694.9 356.8 60 0 -90 22/10/25
NZAC150 GC 381939.8 6592682.5 356.8 66 0 -90 23/10/25
NZAC151 GC 381952.2 6592694.9 356.7 66 0 -90 23/10/25
NZAC152 GC 381959.8 6592682.5 356.7 72 0 -90 24/10/2025
NZAC153 GC 381702.7 6592645.4 356.4 66 0 -90 25/10/2025
NZAC154 GC 381690.3 6592633 356.4 64 0 -90 25/10/2025
NZAC155 GC 381698 6592620.6 356.3 60 0 -90 25/10/2025
NZAC156 GC 381705.6 6592608.2 356.2 63 0 -90 26/10/2025
NZAC157 GC 381681 6592608.2 356.3 62 0 -90 26/10/2025
NZAC158 GC 381673.2 6592595.9 356.3 61 0 -90 27/10/2025
NZAC159 GC 381680.8 6592583.5 356.2 62 0 -90 28/10/2025
NZAC160 GC 381695 6592592 356.2 61 0 -90 29/10/2025
NZAC161 GC 381643.7 6592546.4 356.2 65 0 -90 30/10/2025
NZAC162 GC 381651.3 6592534 356.2 69 0 -90 30/10/2025
NZAC163 GC 381663.7 6592546.4 356.1 68 0 -90 31/10/2025
NZAC164 GC 381671.3 6592534 356.1 63 0 -90 31/10/2025
NZAC165 GC 381676.1 6592558.7 356.1 66 0 -90 1/11/2025
NZAC166 GC 381668.5 6592569 356.1 62 0 -90 1/11/2025
NZAC167 AC 381782.8 6592917.7 357.2 38 0 -90 17/11/2025
NZAC168 AC 381795.1 6592929.9 356.8 63 0 -90 17/11/2025
NZAC169 AC 381807.6 6592942.4 356.5 75 0 -90 18/11/2025
NZAC170 AC 381858.8 6592965.4 356.5 99 0 -90 18/11/2025
NZAC171 AC 381846.5 6592953 356.5 72 0 -90 18/11/2025
NZAC172 AC 381834.3 6592940.9 356.6 88 0 -90 19/11/2025
NZAC179 AC 381712 6592632 356.3 62 0 -90 24/11/2025
NZAC180 AC 381720 6592658 356.5 60 0 -90 24/11/2025
NZAC181 AC 381725 6592646 356.4 62 0 -90 25/11/2025
NZAC182 AC 381739 6592658 356.5 69 0 -90 25/11/2025
NZAC183 AC 381752 6592675 356.6 71 0 -90 26/11/2025
NZAC184 AC 381733 6592673 356.5 65 0 -90 26/11/2025
NZAC173 AC 381784.6 6592891.2 357.5 59 0 -90 21/11/2025
NZAC174 AC 381810.9 6592889.1 357.4 71 0 -90 21/11/2025
NZAC175 AC 381840.8 6592860.7 357.1 71 0 -90 21/11/2025
NZAC176 AC 381851.5 6592873.2 357.1 81 0 -90 22/11/2025
NZAC177 AC 381863.9 6592885.6 357.2 77 0 -90 23/11/2025
NZAC178 AC 381876.3 6592898 357.3 58 0 -90 24/11/2025
NZAC185 AC 381750 6592686 356.6 68 0 -90 27/11/2025
NZAC186 AC 381714 6592674 356.6 66 0 -90 27/11/2025
NZAC187 AC 381729 6592687 356.6 37 0 -90 27/11/2025
NZAC188 AC 381709 6592688 356.5 63 0 -90 28/11/2025
NZAC189 AC 381723 6592701 356.6 51 0 -90 29/11/2025
NZAC190 AC 381742 6592701 356.6 60 0 -90 29/11/2025
NZAC191 AC 381689 6592567 356.1 62 0 -90 29/11/2025
NZAC192 AC 381696 6592555 356 62 0 -90 29/11/2025
NZAC193 AC 381654 6592558 356.2 65 0 -90 30/11/2025
NZAC194 AC 381683 6592545 356.1 62 0 -90 1/12/2025
Table 3: Northern Zone assay results above 0.3 g/t Au from all drill holes
Hole ID Depth From Depth To Width Au ppm
NZAC146 56 57 1 3.46
NZAC146 57 58 1 1.71
NZAC146 58 59 1 1.5
NZAC146 59 60 1 1.39
NZAC146 60 61 1 0.76
NZAC146 62 63 1 1.01
NZAC146 63 64 1 1.28
NZAC146 64 65 1 0.65
NZAC148 47 48 1 0.44
NZAC148 60 61 1 0.43
NZAC149 42 43 1 0.98
NZAC149 45 46 1 1.35
NZAC149 47 48 1 11.78
NZAC150 48 49 1 2.04
NZAC150 49 50 1 3.33
NZAC150 50 51 1 0.3
NZAC150 61 62 1 0.5
NZAC150 62 63 1 0.66
NZAC150 63 64 1 0.59
NZAC150 64 65 1 4.26
NZAC150 65 66 1 2.72
NZAC151 47 48 1 2.01
NZAC151 48 49 1 0.52
NZAC151 50 51 1 0.59
NZAC152 67 68 1 0.69
NZAC152 68 69 1 0.37
NZAC152 69 70 1 0.49
NZAC152 70 71 1 1.47
NZAC152 71 72 1 0.91
NZAC153 32 33 1 0.46
NZAC153 34 35 1 0.3
NZAC153 37 38 1 2.9
NZAC153 46 47 1 11
NZAC153 54 55 1 0.97
NZAC153 55 56 1 0.51
NZAC153 60 61 1 0.33
NZAC154 32 33 1 0.31
NZAC154 34 35 1 0.66
NZAC154 35 36 1 2.14
NZAC154 37 38 1 0.4
NZAC154 39 40 1 1.16
NZAC154 45 46 1 1.1
NZAC155 31 32 1 0.82
NZAC155 40 41 1 0.66
NZAC155 49 50 1 1.94
NZAC155 50 51 1 1
NZAC155 53 54 1 0.35
NZAC156 32 33 1 0.41
NZAC156 42 43 1 1.88
NZAC156 43 44 1 0.45
NZAC156 45 46 1 6.43
NZAC156 46 47 1 1.74
NZAC156 48 49 1 0.42
NZAC157 33 34 1 0.35
NZAC157 34 35 1 1.05
NZAC157 35 36 1 0.7
NZAC157 44 45 1 2.34
NZAC157 45 46 1 0.3
NZAC158 34 35 0.33
NZAC158 38 39 0.65
NZAC158 39 40 1.3
NZAC159 34 35 0.56
NZAC159 39 40 1.01
NZAC159 49 50 0.52
NZAC159 61 62 1.26
NZAC160 35 36 0.75
NZAC160 39 40 0.44
NZAC160 40 41 3.44
NZAC160 44 45 2.81
NZAC160 60 61 1.83
NZAC161 27 28 0.46
NZAC161 28 29 0.56
NZAC161 34 35 0.99
NZAC161 42 43 0.36
NZAC161 27 28 1 0.46
NZAC161 28 29 1 0.56
NZAC161 34 35 1 0.99
NZAC161 42 43 1 0.36
NZAC163 35 36 1 0.41
NZAC164 42 43 1 0.31
NZAC165 36 37 1 0.33
NZAC165 40 41 1 0.79
NZAC166 35 36 1 0.39
NZAC166 38 39 1 0.62
NZAC166 60 61 1 0.33
NZAC166 61 62 1 0.33
NZAC168 27 28 1 0.54
NZAC168 44 45 1 2.10
NZAC169 35 36 1 0.31
NZAC170 41 42 1 0.35
NZAC170 42 43 1 3.38
NZAC170 44 45 1 9.86
NZAC170 45 46 1 2.03
NZAC170 77 78 1 2.94
NZAC170 88 89 1 0.30
NZAC170 89 90 1 0.39
NZAC170 93 94 1 0.39
NZAC170 94 95 1 1.96
NZAC170 97 98 1 0.43
NZAC171 40 41 1 1.25
NZAC171 41 42 1 1.50
NZAC171 42 43 1 1.19
NZAC171 45 46 1 0.37
NZAC171 65 66 1 0.53
NZAC171 67 68 1 0.36
NZAC172 36 37 1 0.98
NZAC172 37 38 1 0.95
NZAC172 40 41 1 0.30
NZAC172 42 43 1 2.10
NZAC172 61 62 1 3.21
NZAC172 62 63 1 0.36
NZAC172 86 87 1 0.44
NZAC179 39 40 1 0.30
NZAC179 41 42 1 0.42
NZAC179 46 47 1 14.67
NZAC179 47 48 1 0.95
NZAC179 49 50 1 0.46
NZAC179 50 51 1 15.35
NZAC179 51 52 1 12.48
NZAC179 52 53 1 1.17
NZAC179 53 54 1 1.17
NZAC179 57 58 1 0.46
NZAC180 42 43 1 0.33
NZAC180 43 44 1 0.37
NZAC181 48 49 1 16.74
NZAC181 49 50 1 1.18
NZAC181 50 51 1 1.53
NZAC181 51 52 1 0.91
NZAC181 54 55 1 3.55
NZAC182 43 44 1 1.25
NZAC182 44 45 1 2.97
NZAC182 46 47 1 1.14
NZAC184 42 43 1 0.72
NZAC173 36 37 1 0.61
NZAC173 57 58 1 0.37
NZAC174 46 47 1 4.15
NZAC174 54 55 1 15.49
NZAC174 56 57 1 0.31
NZAC174 57 58 1 0.47
NZAC174 68 69 1 0.40
NZAC175 34 35 1 0.33
NZAC175 44 45 1 0.79
NZAC176 43 44 1 1.06
NZAC177 68 69 1 0.58
NZAC177 71 72 1 0.32
NZAC177 75 76 1 0.70
NZAC177 76 77 1 0.45
NZAC178 40 41 1 0.41
NZAC178 43 44 1 4.82
NZAC186 37 38 1 0.66
NZAC186 38 39 1 0.42
NZAC188 44 45 1 8.19
NZAC188 50 51 1 0.74
NZAC188 51 52 1 0.46
NZAC189 39 40 1 0.82
NZAC191 35 36 1 0.30
NZAC191 40 41 1 0.85
NZAC192 39 40 1 0.94
NZAC193 36 37 1 0.30
NZAC193 37 38 1 0.59
NZAC193 41 42 1 0.35
NZAC194 40 41 1 0.97
NZAC194 42 43 1 0.79
APPENDIX 2: JORC INFORMATION
The following Tables are provided to ensure compliance with the JORC Code
(2012 Edition) requirements for the reporting of Exploration Results at
Northern Zone.
Section 1: Sampling Techniques and Data
(Criteria in this section applies to all succeeding sections)
Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific Every metre drilled was placed on the ground.
specialised industry standard measurement tools appropriate to the minerals
under investigation, such as down hole gamma sondes, or handheld XRF 6m composites were collected using a scoop method of sampling the coarse
instruments, etc). These examples should not be taken as limiting the broad reject sample for the first 24m.
meaning of sampling.
1m sampling using a rifle splitter was trialed on the clays, from 24m, with
Include reference to measures taken to ensure sample representivity and the sampling deemed to create a high degree risk of smearing. The clays are not
appropriate calibration of any measurement tools or systems used. wet, but have a damp characteristic. A large metal scoop was used to sample
between 70-90% of material from each metre drilled, to total between 2-3kg
Aspects of the determination of mineralisation that are Material to the Public samples.
Report.
Standard reference material, sample duplicates and blanks, were undertaken at
In cases where 'industry standard' work has been done this would be relatively 25m sample intervals.
simple (eg 'reverse circulation drilling was used to obtain 1 m samples from
which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other Samples were sent to the laboratory for crushing, splitting and analysis.
cases, more explanation may be required, such as where there is coarse gold
that has inherent sampling problems. Unusual commodities or mineralisation Analysis was undertaken by Jinnings laboratories (Kalgoorlie) for gold assay
types (eg submarine nodules) may warrant disclosure of detailed information. by 50g fire assay.
Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, Australian Surface Drilling completed the program using a face sampling hammer
auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard on an Atlas Copco grade control rig.
tube, depth of diamond tails, face-sampling bit or other type, whether core is
oriented and if so, by what method, etc).
Drill sample recovery Method of recording and assessing core and chip sample recoveries and results Drill recovery was routinely recorded via estimation of the comparative
assessed. percentage of the volume of the sample bag by the company geologist.
Measures taken to maximise sample recovery and ensure representative nature of The sample recovery was deemed excellent for representative assays.
the samples.
The cyclone was cleaned or checked every 6m.
Whether a relationship exists between sample recovery and grade and whether
sample bias may have occurred due to preferential loss/gain of fine/coarse
material.
Logging Whether core and chip samples have been geologically and geotechnically logged All holes have been geologically logged for lithology, mineralisation and
to a level of detail to support appropriate Mineral Resource estimation, weathering. As well as whether dry, damp or wet.
mining studies and metallurgical studies.
Logging is quantitative for presence of quartz veins. All other logging is
Whether logging is qualitative or quantitative in nature. Core (or costean, qualitative.
channel, etc) photography.
A brief description of each drilling sample was recorded and a permanent
The total length and percentage of the relevant intersections logged. record has been collected and stored in chip trays for reference.
Sub-sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken. 1m sampling using a rifle splitter was trialed on the clays, from 24m, with
sampling deemed to create a high degree risk of smearing. The clays are not
If non-core, whether riffled, tube sampled, rotary split, etc and whether wet, but have a damp characteristic. A large metal scoop was used to sample
sampled wet or dry. between 70-90% of material from each metre drilled, to total between 2-3kg
samples.
For all sample types, the nature, quality and appropriateness of the sample
preparation technique. Standard reference material, sample duplicates and blanks, were undertaken at
25m sample intervals.
Quality control procedures adopted for all sub-sampling stages to maximise
representivity of samples. Samples were sent to the laboratory for crushing, splitting and analysis.
Measures taken to ensure that the sampling is representative of the in-situ The use of fire assay with 50g charge for all AC drilling provides a level of
material collected, including for instance results for field confidence in the assay database. The sampling and assaying are considered
duplicate/second-half sampling. representative of the in-situ material.
Whether sample sizes are appropriate to the grain size of the material being The sample size of 2-3 kilograms is appropriate and representative of the
sampled. grain size and mineralisation style of the deposit.
Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory Jinnings (Kalgoorlie) were used for all analysis of drill samples submitted by
procedures used and whether the technique is considered partial or total. Riversgold. The laboratory techniques below are for all samples submitted to
Jinnings and are considered appropriate for the style of mineralisation
For geophysical tools, spectrometers, handheld XRF instruments, etc, the defined within the Northern Zone Project area:
parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc. Samples above 3Kg were riffle split.
Nature of quality control procedures adopted (eg standards, blanks, Pulverise to 95% passing 75 microns
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (ie lack of bias) and precision have been established. 50-gram Fire Assay (FA50A) - Au Duplicates, Standards and Blanks were used for
external laboratory checks by RGL
Verification of sampling and assaying The verification of significant intersections by either independent or Intercepts were reviewed by 2 company personnel.
alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures, data verification, data
storage (physical and electronic) protocols.
Discuss any adjustment to assay data.
Location of data points Accuracy and quality of surveys used to locate drill holes (collar and The collar position of each hole has been marked out with a Garmin Inreach
down-hole surveys), trenches, mine workings and other locations used in Explorer+ hand held GPS, and will be picked up by Spectrum Surveys
Mineral Resource estimation. (Kalgoorlie) using a DGPS.
Specification of the grid system used.
Quality and adequacy of topographic control.
Data spacing and distribution Data spacing for reporting of Exploration Results. The holes were drilled on a nominal Northeast-Southwest 20m spacing on
traverses 15-20m apart.
Whether the data spacing and distribution is sufficient to establish the
degree of geological and grade continuity appropriate for the Mineral Resource
and Ore Reserve estimation procedure(s) and classifications applied.
Whether sample compositing has been applied.
Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible Based on logging of diamond core the drill holes appear to be orientated
structures and the extent to which this is known, considering the deposit perpendicular to strike and dip of the main mineralised structures.
type.
An interpreted fault though the middle of the mineralisation may have caused
If the relationship between the drilling orientation and the orientation of some displacement.
key mineralised structures is considered to have introduced a sampling bias,
this should be assessed and reported if material.
Sample security The measures taken to ensure sample security. Company personnel delivered samples to Jinnings Kalgoorlie where they were
submitted for assay.
Audits or reviews The results of any audits or reviews of sampling techniques and data. Data reviews will be conducted on completion of further drilling
Section 2: Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or The Northern Zone Project is comprised of one granted prospecting licence
material issues with third parties such as joint ventures, partnerships, (P25/2651) which covers an area of 82 hectares, and is held in the name of
overriding royalties, native title interests, historical sites, wilderness or Riversgold (Australia) Pty Ltd 80/100, Oracle Gold (WA) Pty Ltd 20/100.
national park and environmental settings.
The JV documents are to be formalised by December 2025. Oracle will be
The security of the tenure held at the time of reporting along with any known required to contribute pro-rata or dilute.
impediments to obtaining a licence to operate in the area.
Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. The majority of previous exploration in the area was by Northern Mining during
2007 to 2012 under the Blair North project, multiple small resource areas were
identified at the George's Reward area to the south of P25/2651. Numerous gold
intersections were recorded.
Geology Deposit type, geological setting and style of mineralisation. The deposit sought is (Intrusion Related Gold System (IRGS) style of mineral
deposit.
Northern Zone is hosted within a porphyry unit (Tonalite- Trondhjemite
Intrusion, TTI), with high background gold and horizontal gold mineralised
units within the TTI unit. The Northern Zone Project sits within the Canon
Shear or fault zone, with further drilling required to define the limits of
mineralisation identified to date.
Drill hole Information A summary of all information material to the understanding of the exploration Refer to Tables and Figures within the body of the release.
results including a tabulation of the following information for all Material
drill holes:
easting and northing of the drill hole collar
elevation or RL (Reduced Level - elevation above sea level in metres) of the
drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length.
If the exclusion of this information is justified on the basis that the
information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain why
this is the case.
Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum Intersections are weighted average grades based on a 0.001 g/t Au cut-off with
and/or minimum grade truncations (eg cutting of high grades) and cut-off unlimited waste zones but with a targeted grade of 0.4-0.6g/t Au.
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths of high-grade results and
longer lengths of low-grade results, the procedure used for such aggregation
should be stated and some typical examples of such aggregations should be
shown in detail.
The assumptions used for any reporting of metal equivalent values should be
clearly stated.
Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration The diamond drilling program in 2023 confirmed the apparent widths of
Results. mineralisation as being perpendicular to foliation and veining. Step out RC
drilling to be the same as the diamond drilling. Mineralisation has been
If the geometry of the mineralisation with respect to the drill hole angle is determined from structural logging to be horizontal and vertical drilling is
known, its nature should be reported. therefore true width drilling.
If it is not known and only the down hole lengths are reported, there should
be a clear statement to this effect (eg 'down hole length, true width not
known').
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts See body of the announcement for relevant diagrams and photos.
should be included for any significant discovery being reported These should
include, but not be limited to a plan view of drill hole collar locations and
appropriate sectional views.
Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, The reporting of exploration results is considered balanced by the competent
representative reporting of both low and high grades and/or widths should be person.
practiced to avoid misleading reporting of Exploration Results.
Other substantive exploration data Other exploration data, if meaningful and material, should be reported See body of the announcement.
including (but not limited to): geological observations; geophysical survey
results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or contaminating substances.
Further work The nature and scale of planned further work (eg tests for lateral extensions · Follow up phases of drilling to further test strike to be
or depth extensions or large-scale step-out drilling). undertaken.
Diagrams clearly highlighting the areas of possible extensions, including the · Complete a maiden MRE
main geological interpretations and future drilling areas, provided this
information is not commercially sensitive.
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