Oracle Power (ORCP) Q2 2025 TU earnings summary

Executive summary

• Completed 11-hole, 1,289m RC drill program at Northern Zone, confirming and extending shallow gold mineralisation with high-grade intercepts.

• Metallurgical tests at Northern Zone showed average gold recoveries of 92.56%, supporting oxide mineralisation viability.

• Advanced Blue Rocks project with maiden geochemical sampling, confirming copper anomalies and identifying new mineralised zones.

• Secured regulatory extensions for green hydrogen and renewable power projects in Pakistan, ensuring project stability.

• Raised £318,600 in gross proceeds via placing to fund ongoing project development.

Significant events and developments

• Completed vertical drill program of 1,805m at Northern Zone; final assays used to update mineralisation model.

• Approved additional 200 drill hole Programme of Works at Northern Zone.

• High-resolution drone magnetic survey completed at Northern Zone for structural interpretation.

• Blue Rocks maiden geochemical sampling revealed new copper zones; 320m priority target zone identified.

• Government of Sindh extended LOI for 1.3 GW renewable power project to May 2026 and renewed MoU for Green Hydrogen Project to March 2027.

Outlook and guidance

• Ongoing structural logging and drilling at Northern Zone to support maiden Mineral Resource Estimate.

• Expansion of geochemical sampling and consideration of advanced geophysics at Blue Rocks.

• Progressing FEED studies, offtake discussions, and strategic partnerships for green hydrogen project.