logo-loader
viewOracle Power PLC

Oracle Power buys Australian gold projects to build international natural resources, power company

Oracle Power PLC's (LON:ORCP) Naheed Memon talks to Proactive London's Katie Pilbeam about the announcement of two acquisitions of two highly prospective gold projects in Western Australia.

The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the ‘Super Pit’ mine, the second largest gold mine in Australia.

While the Jundee East Project is 9km east of Northern Star’s Jundee Gold Mine, another one of Australia’s largest gold mines. Naheed explains that Western Australia is home to some world class gold mines and gold projects.

The economy of Western Australia is inextricably linked to the mining industry and in the past year alone, it has produced some very impressive results for a number of publicly listed companies.

She believes with the gold price seemingly stabilising above the $1,800 level, investing in quality gold projects, located in highly attractive jurisdictions, adds a very compelling feature to our overall investment proposition.

Quick facts: Oracle Power PLC

Price: 0.575 GBX

AIM:ORCP
Market: AIM
Market Cap: £12.34 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Oracle Power PLC named herein, including the promotion by the Company of Oracle Power PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Market Report: FTSE upbeat as Brexit talks look hopeful after Dominic...

FTSE 100 made a positive start of the week as hopes for a Brexit deal followed the departure of Dominic Cummings and Lee Cain from Boris Johnson’s advisory team. London’s leading index advanced 41 points to 6,358 in early deals. Royal Mail PLC (LON:RMG) might be about to lose its exclusive...

1 week, 4 days ago

2 min read