Oracle Power PLC announced that the Phase 2 drilling programme has now been completed at its Northern Zone Gold Project, located 25km ESE of Kalgoorlie in Western Australia. Highlights: Reverse Circulation (RC) drilling completed - six holes for 1,363 metres and 1,100 samples collected. Air Core (AC) drilling completed - 27 drill holes for 1,772 metres, with 662 composite samples collected.

The Phase 2 drill programme was designed to: Enable estimation of a maiden JORC compliant gold resource via the drilling of targeted step-out RC holes. These holes were optimally orientated to test the continuation of mineralisation at depth and along strike. The initial AC drilling was designed to test for supergene gold enrichment, and was sited in previously undrilled areas of the project.

The Northern Zone Gold Project is located 25km ESE ofKalgoorlie. Gold at Northern Zone is hosted in a porphyry intrusion with drilled widths exceeding 100 metres in true width. Previously announced Exploration Target at the Northern Zone Gold Project of 200Mt - 250Mt at a grade of between 0.4 g/t Au - 0.6 g/t Au for 2.5Moz - 4.8Moz of gold.

All samples have been submitted to ALS Kalgoorlie for assay and results are expected to be received and announced in early July 2024.