28th Aug 2026 07:00
28 August 2026
Oracle Power PLC
(“Oracle” or the “Company”)
Key Permit Application Submitted for Northern Zone Gold Project
Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce that a Native Vegetation Clearing Permit (NVCP) has now been submitted to the Department of Water and Environmental Regulation for the Northern Zone Intrusive Hosted Gold Project (“Northern Zone Gold Project”), located 25 km east of Kalgoorlie in Western Australia (refer to Figure 1 for location).
Highlights
NVCP application has been submitted to GovernmentApproval of the NVCP will allow land clearing as part of future mining operationsMine Development and Closure Proposal (MDCP) remains on track to be submitted in September
In Western Australia, any Company or person wishing to clear native vegetation (unless an exemption applies) needs authorisation under Part V of the Western Australian Environmental Protection Act 1986. The permit is issued by the Department of Water and Environmental Regulation (DWER). Only once approved can the Company actually clear the land, so submitting the permit application is an important milestone.
The NVCP permitting process has been running alongside the preparation of the MDCP— the actual operating approval needed to start mining. The MDCP is still on schedule for submission to WA's Department of Mines, Petroleum and Exploration (DMPE), in early September.
Naheed Memon, CEO of Oracle, commented:
"The completion and submission of the NVCP to the Department of Water and Environmental Regulation (DWER), puts us another step closer to the Company monetising our key Northern Zone Gold Project near Kalgoorlie. The gold price continues to remain strong, and this is a great time to be on the path to production. We remain firmly on track to submit our MDCP to the DMPE in early September, and we are working very closely with our funding partners, MEGA Resources, on finalising mine planning and scheduling."
For further information on Oracle, visit the Company’s website at 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, Isabel de Salis +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.
Figure 1: Location of Northern Zone Gold Project showing proximity to the Kalgoorlie "Super Pit", Golden Mile/Fimiston.
Related Shares:
Oracle Power