REG - Geo Exploration Ltd - Acquisition of New Highly Prospective Gold Licence

GEO ExplorationAnnouncement

21/10/2025 07:00

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RNS Number : 1105E  Geo Exploration Limited  21 October 2025

 21 October 2025

 GEO Exploration Limited

 ("GEO " or the "Company")

Acquisition of New Highly Prospective Gold Licence in Western Australia

 

 Highlights

 ·      Acquisition of 100% interest in the Gorge Project (E08/3737),
 Western Australia.

 ·      Historic exploration at Gorge identified gold mineralisation with
 rock chip samples up to 134g/t Au and soil samples up to 233g/t Au.

 ·      Licence located 110km west of Paraburdoo, covering 81 km² of
 Proterozoic metasediments in the Capricorn Orogen, with gold mineralisation
 identified over approximately 5km of strike.

 ·      E08/3737 is granted and has executed Native Title Agreement in
 place.

 ·      Consideration: A$100,000 cash and A$400,000 equivalent in GEO
 shares, issued at £0.004 per share, equating to 48,130,000 new ordinary
 shares.

 ·      The £0.004 issue price represents a 25% premium to GEO's
 £0.0032 closing price on 16 October 2025. All consideration shares subject to
 a 12 month holding lock.

 ·      Surface Rights Deed: vendor retains near-surface gold rights to 2
 metres (extendable to 4 metres with consent); capped at 10,000 tonnes
 excavation; GEO holds exclusive rights at depth and an option to purchase
 surface rights outright.

 ·      Work programme on Gorge Project is scheduled to commence during
 current quarter.

 GEO Exploration Limited (AIM: GEO), is pleased to announce that it has
 acquired, through its 100% owned subsidiary Gorge Gold Pty Ltd, a new
 exploration licence covering the Gorge Project (E08/3737) located in Western
 Australia.

 The primary focus for Gorge Project is early-stage exploration for large scale
 gold deposits in an area which has historically only seen sparse exploration
 despite encouraging results from previous work. The acquisition expands the
 Company's portfolio of highly prospective projects and provides a further
 opportunity for a potential transformational discovery.

 Transaction Terms

 Under the Sale and Purchase Agreement between Southern Cross Prospecting Pty
 Ltd (seller), Gorge Gold Pty Ltd (buyer) and GEO:

 ·      GEO acquires Exploration Licence E08/3737 and associated project
 information/agreements.

 ·      Consideration: A$100,000 cash; and A$400,000 equivalent in GEO
 ordinary shares issued at £0.004 per share (48,130,000 shares).

 ·      Shares will be admitted to AIM within 5 Business Days of issue of
 completion date. All Consideration Shares are subject to a 12-month holding
 lock from the date of issue. During this period the shares may not be sold,
 transferred, assigned, pledged or otherwise disposed of without prior written
 consent of the Company, except as permitted under AIM Rules. The Company's
 share registrar will place a holding lock on the shares for the escrow period
 to ensure compliance.

 Surface Rights Deed

 ·      Vendor retains surface rights to 2 metres below surface
 (extendable to 4 metres with GEO consent).

 ·      Limit of 10,000 tonnes material removal (with potential to
 increase subject to consent and heritage requirements).

 ·      GEO retains exclusive subsurface rights and full development
 control.

 ·      GEO may purchase the surface rights for A$500,000 (cash or GEO
 shares at 30-day VWAP) any time before 30 June 2030.

 ·      Vendor holds a limited right of first refusal in the event of
 surrender.

 Licence Status and Native Title

 ·      E08/3737 Gorge was granted by the Western Australian Government
 on 1 July 2025.

 ·      Native title agreement already negotiated and executed for
 Exploration Licence 08/3737 Gorge.

 ·      Terms of Native Title agreement to be transferred to Gorge Gold
 Pty Ltd.

 Historical Exploration Results

 Exploration Licence 08/3737 Gorge is located approximately 110km west of the
 town of Paraburdoo in Western Australia. Gorge covers an area of 81 square
 kilometres of Proterozoic age metasediments of the Capricorn Orogen and is
 prospective for several styles of mineralisation, however the Company's
 primary focus will be large scale gold deposits.

 Historical records show sporadic exploration was carried out across the Gorge
 licence in the mid to late 1980s and late 2000s. This work identified several
 areas of gold mineralisation at surface over a strike length of approximately
 5km (Figure 1).

 In the mid to late 1980s broad spaced stream sediment sampling, soil sampling,
 rock chip sampling, and Rotary Air Blast (RAB) drilling was completed within
 the licence area. Drainage sampling returned gold results including 192ppb and
 75ppb and was successful in outlining several areas hosting gold
 mineralisation at surface. Rock chip sampling at these areas returned gold up
 to 62.2g/t from quartz veins and 35.7g/t from calcareous sediments. Soils
 returned up to 233.3g/t gold and shallow RAB drilling of seven holes returned
 highest result of 36g/t gold.

 Follow up work in the late 2000s included ground reconnaissance and sporadic
 rock chip sampling. Rock chip results peaked at 134g/t gold and mineralisation
 was identified over more than 5 kilometres of strike. Several historical hard
 rock gold workings with associated alluvial and eluvial areas were located
 within this zone. A number of alluvial areas were also identified that has no
 related historical hard rock workings.

 Figure 1 - Gorge licence area showing gold target zone

 No further work has been carried out within the Gorge licence area since the
 late 2000s and the spatial distribution of historic samples shows gold
 mineralisation is present over a strike length of approximately 5km within the
 licence area. Other gold occurrences in the region include Mt Olympus and
 Paulsens.

 GEO Exploration Plan

 Gorge Project represents an early-stage exploration opportunity for large
 scale gold deposits based on robust historical results recorded over a
 significant strike length. The application of modern exploration techniques
 will allow rapid identification of drill targets in an area that has been
 subject to limited historical work.

 Initial activities by the Company will include digital compilation of
 historical exploration results, detailed airborne Lidar, detailed
 aeromagnetics and radiometrics, and surface geochemical sampling. Several
 components of this work programme are scheduled to commence during current
 quarter and results will be announced as they come to hand.

 Omar Ahmad, Chief Executive Officer, commented:

 "We're thrilled to announce the acquisition of the Gorge Project, a highly
 prospective licence in Western Australia that immediately strengthens GEO's
 discovery pipeline. This opportunity was identified by our Technical Advisor,
 Callum Baxter, whose focus on the asset was matched by our own enthusiasm upon
 review. The scale, geology, and early indicators made it clear Gorge has the
 potential to deliver a major gold discovery.

 This acquisition complements our flagship Juno Project, where assays from the
 maiden drill programme are expected this quarter. With Juno Project as our
 cornerstone and Gorge Project now added to the portfolio, GEO is advancing two
 high-impact exploration plays in one of the world's most prolific
 gold jurisdictions."

 Callum Baxter, Technical Consultant to GEO commented:

 "Gorge represents a high quality, early stage, exploration opportunity with
 sparse historic work that has demonstrated compelling surface results over a
 significant strike length. The region is characterised by higher-grade
 deposits making Gorge attractive for modern exploration efforts. I look
 forward to work commencing on Gorge in the current quarter."

 The information contained within this announcement is deemed by the Company to
 constitute inside information under the UK Market Abuse Regulations ("MAR").
 Upon the publication of this announcement via a Regulatory Information Service
 ("RIS"), this inside information is now considered to be in the public domain.

 

 

 For further information please visit: www.geoexplorationlimited.com
 (http://www.geoexplorationlimited.com) or contact:

 GEO Exploration Limited                              investors@geoexpltd.com

 Hamza Choudhry, CFO and Executive Director

 SPARK Advisory Partners Limited (Nominated Adviser)  +44 (0) 20 3368 3555

 Andrew Emmott, Dillon Wall

 CMC Markets (Joint Broker)                           +44 (0) 20 3003 8632

 Douglas Crippen

 SI Capital Limited (Joint Broker)                    +44 (0) 14 8341 3500

 Nick Emerson

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 This announcement has been issued by and is the sole responsibility of the
 Company.

 

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