Oracle Power PLC provided an update on progress at its Blue Rock Valley Copper and Silver Project ("Blue Rock" or the "Project") in the northwest region of Western Australia, where positive assay results have been received from the rock chip and grab samples taken during the recent site visit, ranging from 8.56% to 25.70% copper. HIGHLIGHTS: Historical evidence of copper mineralisation confirmed. Rock chip and grab samples returned grades of: 18.21% Copper, OBR001; 12.34% Copper, OBR002; 25.70% Copper, OBR003; 8.56% Copper, OBR004; and 10.08% Copper, OBR005.

Currently assessing further potential exploration programme workstreams, including: A ground gravity, electromagnetic or other geophysical programme over the greater project area to better define the mineralisation. Obtaining quotes for a ground based electromagnetic ("EM") survey over the airborne EM anomaly that was defined previously and is currently undrilled and untested, which sits in a syncline of sedimentary rocks that are potentially ideal for base metals (copper, lead, zinc) and silver to be deposited. Undertaking drilling when viable.

Further targeting tools will continue to be assessed in order to refine and develop targets. Gold and uranium also being targeted as such deposit types are known to occur within the Ashburton Basin. DETAILS: The Project, located 165km southeast of Onslow, the main port for the region's iron and LNG exports, is accessed from the North West Coastal Highway on a well-maintained unsealed road.

The Project tenement (the "Tenement") covers 32 Blocks (approximately 102km2) and is composed of one granted exploration licence, E08/3604. Oracle announced on 11 June 2024 that it had exercised its option to acquire 100% of the Tenement. The Tenement was granted on 2 October 2023 and expires on 26 October 2028 but is renewable.

The first term is therefore five years with a possible initial extension of five years and further extensions of two years thereafter, with 40% of the licence area to be surrendered at the end of year six. At a site visit in June, Oracle consultant geologists took copper samples and photos of mineralisation at the project area to assist in the next steps forward.