Juno Project - Exploration Licence Application
19/02/2025 07:00
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RNS Number : 5969X Global Petroleum Ltd 19 February 2025
19 February 2025
The information contained within this announcement is deemed by the Company to
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Upon the publication of this announcement via a Regulatory Information Service
("RIS"), this inside information is now considered to be in the public domain.
Global Petroleum Limited
("Global" or "the Company")
Juno Project - Exploration Licence Application
Global Petroleum Limited (LSE AIM:GBP) is pleased to announce it has applied
for a new Exploration Licence ("Licence"), 08/3792, north of the current
Exploration Licence 08/3497 in Western Australia, via its wholly owned
subsidiary Juno Gold Pty Ltd.
Callum Baxter, exploration geologist consulting to the Company, has identified
potential exploration targets within the Licence which share geophysical
similarities to the target within Exploration Licence 08/3497 (Figure 1).
Global Petroleum is confident that this addition will not only significantly
enhance its presence in the region but also strengthen its vision of
uncovering a world-class deposit.
The new Exploration Licence 08/3792 covers an area of 194 square kilometres,
and upon grant of applications the total area of the Juno project will
increase from 450 square kilometres to 644 square kilometres covering multiple
magnetic features. The Company is using an Intrusion Related exploration
model seeking to locate precious and base metal mineralisation, similar to
that at the Havieron and Telfer deposits in northern Western Australia.
The company continues to be active at its Juno project with recently announced
aeromagentics, lidar and gravity. Modelling of datasets is underway and
results will be presented in the coming weeks.
Figure 1 - New exploration licence application 08/3792, with existing licences and applications at the Juno Project, and targets on regional aeromagnetics (TMI 1VD).
Omar Ahmad, Chief Executive Officer, commented:
"The Juno Project continues to develop into an exciting exploration prospect for Global. We are advancing the work programme at pace alongside our highly experienced partner, Callum Baxter. This new application strengthens our strategic footprint in the area and further improves our prospects of achieving a major discovery."
Callum Baxter, Global's joint venture partner, commented:
"It is pleasing to see the rapid progress we are making at the Juno project
with geophysical programmes having been recently completed and positive
results being achieved and released to market. The Company's ongoing
collaborative efforts see the addition of Exploration Licence 08/3792 which
increases the available targets at Juno and enhances the opportunity to make a
significant discovery at the project."
For further information please visit: www.globalpetroleum.com.au or contact:
Global Petroleum Limited
investors@glo-pet.com
Hamza Choudhry, CFO and Executive Director
SPARK Advisory Partners Limited (Nominated Adviser) +44 (0)
20 3368 3555
Andrew Emmott, Jade Bayat
CMC Markets (Joint Broker)
+44 (0) 20 3003 8632
Douglas Crippen
SI Capital
Limited
+44 (0) 14 8341 3500
Nick Emerson
Tavistock (Financial PR & IR)
+44 (0) 20 7920 3150
Simon Hudson / Nick Elwes
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