New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.47m (US$9.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£7.47m market cap, or US$9.96m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Announcement • Apr 25
Oracle Power PLC Receives Preliminary Heritage Clearance For Northern Zone Gold Project Oracle Power PLC received the preliminary heritage survey report from the recently completed heritage survey over the Northern Zone Intrusive Hosted Gold Project, located 25 km east of Kalgoorlie in Western Australia. Oracle and Riversgold continue to advance the Northern Zone Gold Project towards a Mine Development and Closure Plan (MDCP). Approval of the MDCP will allow for mining activities to proceed following grant of the Mining Lease. As previously announced, conversion of the Northern Zone Gold Project tenement to a Mining Lease is well advanced and is expected shortly. The preliminary heritage report over P25/2888, P25/2848 and P25/2651 (M25/389) indicates that no heritage places have been identified during the heritage survey, and it advises that the entire tenement package areas have been cleared with regard to heritage. Final heritage report is expected in about four weeks and will form part of the MDCP submission to the Government. Oracle and Riversgold have signed a Right to Mine and Co-Operation Agreement with MEGA Resources (MEGA) for the Northern Zone Gold Project. MEGA will provide all development and mining funding for the Northern Zone Gold Project on a 50/50 profit share with the JV. A preliminary heritage report for the Northern Zone Gold Project over P25/2888, P25/2848 and P25/2651 (M25/389) has been received from the Kapurn, Kalamaia and Karlaku Traditional Owners indicating that no heritage places have been identified and the areas have been cleared. Based on this preliminary report, all areas for any planned mining and drill programmes have been cleared. It should be cautioned that the current preliminary heritage report may be subject to change with further discussions between the heritage consultants and the Kapurn, Kalamaia and Karlaku Traditional Owners, however, it is not expected that the final heritage report will differ significantly from the current heritage report in its results and impact on the planned mining and work programs. The Northern Zone Gold Project is hosted within a porphyry unit (Tonalite-Trondhjemite Intrusion, "TTI"), with high background gold and horizontal gold mineralised units within the TTI unit. The Northern Zone Project sits within the Canon Shear or fault zone, with further drilling required to define the limits of mineralisation identified to date. The horizontal mineralisation makes drilling to date perpendicular to the gold mineralisation, and no water in drilling to a depth of 60 metres makes the TTI also suitable for drilling with the techniques the Company has utilised to date. Announcement • Apr 16
Oracle Power PLC Reports Assay Results At Northern Zone Gold Project Oracle Power PLC announced assay results from a further 31 drillholes at the Northern Zone Intrusive Hosted Gold Project, located just 25km east of Kalgoorlie in Western Australia. These results represent all the assays from the first drilling campaign of 2026. Riversgold Limited continues to intersect shallow gold mineralisation as the company seek to expand the gold footprint of Northern Zone. These latest results represent some of the best intercepts for grade and width drilled at the Project so far from an individual drilling campaign. Selected significant results from this latest drilling campaign include: 15m at 5.62 g/t Au from 48m (NZAC214), 10m at 1.15 g/t Au from 45m (NZAC207), 8m at 9.90 g/t Au from 48m (NZAC216), 4m at 3.46 g/t Au from 48m (NZAC211), 8m at 4.64 g/t Au from 48m (NZAC213), 3m at 5.90 g/t Au from 48m (NZAC219), 6m at 4.05 g/t Au from 46m (NZAC212), 3m at 3.78 g/t Au from 69m (GEO004), 10m at 3.81 g/t Au from 30m (GEO004), 2m at 4.19 g/t Au from 49m (NZAC221). As previously announced, conversion of the Northern Zone's tenement to a Mining Lease is well advanced and is expected to occur in the coming weeks. The necessary heritage clearance surveys over the Project area have recently been completed. Riversgold has previously signed a Right to Mine and Co-Operation Agreement with MEGAResources Pty Ltd. in respect of Northern Zone. MEGA will provide all development and mining funding for Northern Zone on a 50/50 profit share basis. These latest drill campaign results (see Tables 1-3) continue to successfully intersect the mineralised host porphyry over an increasing footprint and consistently validate the broader gold mineralisation model. Gold mineralisation has been intersected and drilling has successfully tested the important area between the central saddle and eastern mineralised zone, with individual metre assay results up to 71 g/t gold. The updated interpretation illustrates interplant composite gold grade shells derived from all the Riversgold/Oracle gold results already announced by the Company. 
