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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

Market: AIM
Market Cap: £12.34 m

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