30 May 2024
Oracle Power PLC
("Oracle" or the "Company")
Update on Exclusive Option to Acquire 100% of a Copper and Silver Project in the
Northwest Region of Western Australia
Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to update that, further to its announcement of 9 April 2024, the due diligence process for the proposed 100% acquisition of the Blue Rock Valley Copper and Silver Project (the "Project"), located in the Ashburton Basin in the northwest region of Western Australia, is ongoing and is expected to be completed imminently. The Company had a 45 day period in which to complete the due diligence process and exercise the option to acquire the Project ("Option"), which has now expired. However, the seller has granted the Company a further 10 day period from 29 May 2024 in which it may elect to exercise the Option.
Further updates will be made in due course.
*ENDS*
For further information visit www.oraclepower.co.uk or contact:
| Oracle Power PLC Naheed Memon - CEO | +44 (0) 203 580 4314 |
| Strand Hanson Limited (Nominated Adviser & Joint Broker) Rory Murphy, Matthew Chandler, Rob Patrick | +44 (0) 20 7409 3494 |
| Global Investment Strategy UK Limited (Joint Broker) Samantha Esqulant | +44 (0) 20 7048 9432 |
| St Brides Partners Limited (Financial PR) Susie Geliher, Isabel de Salis | +44 (0) 20 7236 1177 |
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