Oracle Power PLC (LSE:ORCP) has signed a binding Right to Mine and Co-Operation Agreement with MEGA Resources and Bain Global Resources for the Northern Zone Gold Project in Western Australia. Under the arrangement, MEGA Resources will fully fund the project, providing mining, geological, and engineering support, while profits will be split equally between Oracle, Riversgold, and the partners.
The agreement removes the need for Oracle to provide upfront capital and allows the company to participate in potential profits from the project. This partnership is expected to accelerate gold extraction and expand drilling operations, strengthening Oracle’s position in the region.
About Oracle Power PLC
Oracle Power PLC is an international mining project developer with a focus on gold exploration and production. Operating through its subsidiaries, the company forms strategic partnerships to advance mining projects, including the Northern Zone Gold Project in Western Australia.
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