REG - Geo Exploration Ltd - Exploration Licence Granted at Juno Project

GEO ExplorationAnnouncement

08/05/2025 07:01

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RNS Number : 7601H  Geo Exploration Limited  08 May 2025

 7 May 2025

 GEO Exploration Limited
 (Formerly Global Petroleum Limited)
 ("GEO " or the "Company")
 Exploration Licence Granted at Juno Project

 GEO Exploration Limited (LSE AIM: GEO) is pleased to announce that Exploration
 Licence 52/4391 has been granted to its wholly owned subsidiary Juno Gold
 Limited by the Department of Energy, Mines, Industry Regulation and Safety
 (DEMIRS) in Western Australia. E52/4391 forms the eastern parts of the Juno
 project located in central Western Australia where the company is conducting
 exploration for large Intrusion Related Gold Systems (IRGS) which host
 precious and base metal mineralisation.

 The Juno project currently comprises four licences (Figure 1) covering a total
 of 644 square kilometres. Total granted tenure now increases from 106 square
 kilometres to 275 square kilometres with the addition of Exploration Licence
 52/4391. Exploration Licence 52/4391 contains potential exploration targets
 which share geophysical similarities to the primary target within Exploration
 Licence 08/3497.

 The Company is using an IRGS exploration model seeking to locate precious and
 base metal mineralisation, similar to that at the Havieron and Telfer deposits
 in northern Western Australia. Activities at Juno to date include recently
 announced aeromagnetics, lidar and ground gravity. Unconstrained and forward
 modelling of these data sets is advanced and results are expected shorty.

 Ongoing work at Juno will include ground based electrical geophysical surveys
 to detect subsurface conductive material. Models derived from the exploration
 data sets will enable enhanced targeting of drillholes in advance of the
 Company's initial drilling programme at Juno.

 

 Figure 1 - Juno Project tenure showing existing granted licence E08/3497 and
 newly granted E52/4391

 Callum Baxter, Global's joint venture partner commented:

 "It is very pleasing to have additional granted tenure at the Juno project.
 The tenement was granted by DEMIRS in a timely manner and allows us to expand
 our exploration activities at the project which are targeting large IRGS
 gold-copper opportunities. I look forward to further positive results from our
 collaborative efforts at Juno."

 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, Jade Bayat

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

 Douglas Crippen

 SI Capital Limited                                                          +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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