REG - Geo Exploration Ltd - Juno Project Drill Results
05/01/2026 12:00
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RNS Number : 6732N Geo Exploration Limited 05 January 2026
05 January 2026
GEO Exploration Limited
("GEO " or the "Company")
Juno Project Drill Results
GEO Exploration Limited (LSE AIM: GEO) announces results from recent
drillholes JUD001 and JUD002 completed by the Company at the Juno Project.
Results confirm mineralisation intersected in drillholes JUD001 and JUD002
with low tenor precious and base metals returned from laboratory analysis.
Summary
· Maiden drill holes JUD001 and JUD002 at the Juno Project
successfully intersected the targeted geological sequences and confirmed the
presence of mineralisation.
· Gold and copper sulphide mineralisation, together with silver and
zinc, was intersected in both drillholes JUD001 and JUD002.
· Mineralisation intersected in JUD001 and JUD002 may represent a
peripheral position within a larger mineral system.
· Initial interpretation suggests the system may hold higher grade
mineralisation approximately 500m metres southeast of JUD001 and 2km southwest
of JUD001.
· The Company believes exploration is a systematic, multi-programme
learning process and further drilling is warranted to test for the presence of
higher grade mineralisation within the large multi kilometre scale of the Juno
geophysical target.
The Juno project located in central Western Australia where the company is
conducting exploration activities and has recently completed its maiden drill
programme for Intrusion Related Gold System (IRGS) style deposits which host
precious and base metal mineralisation. The project currently comprises four
contiguous licences covering a total of 644 square kilometres. The licences
contain several geophysical targets with similar features to other known IRGS
style deposits elsewhere in Western Australia.
The Company carried out its maiden drilling programme at the Juno Project
during September and October 2025. Safe and efficient progress was made during
drilling activities, JUD001 and JUD002 advanced as planned, intersected the
expected rock sequences, and achieved adequate depths to assess targets in the
chosen drillhole locations.
Drillhole JUD001 was vertical and drilled to a total depth of 810.6m, and
JUD002 was vertical and drilled to a total depth of 774.7m. Drill hole collar
details are presented in Table 1 and location are shown on Figure 1. Geology
intersected was late Proterozoic shales and carbonates underlain by early
Proterozoic carbonate rich metasediments. Depth to targeted basement was
246.7m in JUD001 and 262.0m in JUD002. Structural and metamorphic alteration
of intersected rocks was apparent.
Table 1 - Drill Hole Collar Details
Hole ID Type Depth (m) Dip Azimuth (degrees) East GDA94 North GDA94 RL (m) Survey Method
(degrees)
JUD001 Core 810.6 -90 360 571737 7346272 357 GPS
JUD002 Core 774.7 -90 360 572052 7347015 366 GPS
Analytical work was carried out on JUD001 and JUD002 by Intertek Laboratories
in Perth where each 1m core sample was analysed for a comprehensive
multi-element suite of precious metals, base metals and pathfinder elements
(49 elements).
Figure 1 - Drill Hole Collar Locations
Gold and copper results were returned from targeted basement in JUD001 and
JUD002. Silver and zinc results were returned from overlying rocks in holes
JUD001 and JUD002. A summary of results is presented below.
JUD001 - Summary of Results
Highest Single-Metre Results
Metal Result (ppb/ppm) Equivalent Interval
Gold (Au) 63 ppb 0.06 g/t 1 m @ 629 m
Silver (Ag) 1.99 ppm 1.99 g/t 1 m @ 174 m
Copper (Cu) 923.3 ppm 0.09 % 1 m @ 518 m
Zinc (Zn) 19,500 ppm 1.95 % 1 m @ 103 m
Distribution of Anomalous Intercepts
Metal Threshold Number of 1 m Intercepts
Gold (Au) ≥ 10 ppb 19
Silver (Ag) ≥ 0.2 ppm 8
Copper (Cu) ≥ 200 ppm 7
Zinc (Zn) ≥ 500 ppm 5
JUD002 - Summary of Results
Highest Single-Metre Results
Metal Result (ppb/ppm) Equivalent Interval
Gold (Au) 24 ppb 0.02 g/t 1 m @ 549 m
Silver (Ag) 1.81 ppm 1.81 g/t 1 m @ 32 m
Copper (Cu) 769.7 ppm 0.08 % 1 m @ 608 m
Zinc (Zn) 1,493 ppm 0.15 % 1 m @ 571 m
Distribution of Anomalous Intercepts
Metal Threshold Number of 1 m Intercepts
Gold (Au) ≥ 10 ppb 9
Silver (Ag) ≥ 0.2 ppm 19
Copper (Cu) ≥ 200 ppm 32
Zinc (Zn) ≥ 500 ppm 4
Notes on Units
• ppb = parts per billion
• ppm = parts per million
• 1,000 ppb = 1 g/t (gold)
• 1 ppm = 1 g/t (gold and silver)
• 10,000 ppm = 1% (copper and zinc)
Results show mineralisation was intersected in drillhole JUD001 and JUD002
with low tenor precious and base metals returned from laboratory analysis. In
the targeted basement sequence low tenor gold and copper sulphide
mineralisation was sporadically intercepted in the hole locations drilled. A
photo of example mineralisation from JUD001 is shown in Figure 2.
Figure 2 - Drill Core Photos
Considering the large multi kilometre scale of the modelled geophysical target
at Juno the Company believes mineralisation intersected in JUD001 and JUD002
may represent a peripheral portion of a larger system. Higher grade
mineralisation may be present proximal to JUD001 and JUD002 and further review
of analytical data with geological and geophysical information will be carried
out.
Gold and copper mineralisation intersected in JUD001 and JUD002 may indicate
the potential presence of proximal higher-grade mineralisation. Initial
interpretation suggests the system may hold higher grade mineralisation
approximately 500m metres southeast of JUD001 and 2km southwest of JUD001
(Figure 1) which remain as valid targets as per 24 July 2025 RNS. Further
review of data will be carried out and if other valid targets emerge then the
Company may direct 2026 drilling efforts to other locations within the multi
kilometre scale Juno geophysical target and updates will be provided to the
market accordingly. The Company believes exploration is a systematic,
multi-programme learning process and further drilling is warranted to test for
the presence of higher-grade mineralisation within the large multi kilometre
scale of the Juno geophysical target. Currently, additional drilling is
scheduled for the earliest opportunity in 2026. The Company has now fulfilled
its capital commitment, as outlined in the 14 August 2024 RNS, in respect of
the initial Juno work programme, which brings to a close the maiden drill
campaign.
Laboratory assay results were received prior to quarter end; however, release
was deferred to allow for independent review and sign-off by a suitably
qualified Competent Person ("CP"), as required under the AIM Rules and the
JORC Code. The Company considered it important that this review was undertaken
by a high-quality CP with detailed knowledge of the project. Due to the CP's
availability over the festive period, the review was completed in early
January, following which the results were available for release.
Omar Ahmad, Chief Executive Officer, commented:
"The maiden drilling programme has identified mineralisation at Juno.
Shareholders should note that Juno is a large multi kilometre greenfield site
and that the identification of mineralisation is a positive development that
warrants further targeted drilling to test for potential higher-grade
mineralisation. We will update shareholders accordingly as work on Juno
Project progresses."
Callum Baxter, GEO's JV Partner for Juno Project, commented:
"Analytical results from Juno drillholes JUD001 and JUD002 show sporadic, low
grade gold and copper mineralisation has been intersected in the chosen hole
locations. This may represent mineralisation proximal to higher grade
mineralisation elsewhere within the broader area at Juno. Considering the
multi-kilometre scale of the Juno target further assessment of geology and
drill targets will be undertaken."
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.
References to Previous Market Releases - The information in this report that
relates to Exploration Results were last reported by the Company in compliance
with the 2012 Edition of the JORC Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves in market releases
dated as follows:
- Juno Project Ground Gravity Data and IRGS Mineralisation
Potential, 16 January 2025
- Juno Project Results of Geophysical Modelling, 28 May
2025
- Juno Project Results of Electrical Geophysics, 24 July
2025
Competent Person - The information in this announcement relating to the
project is deemed to be a true representation of exploration results. Mr
Steven Andrew Milner has sufficient experience, to qualify as a Competent
Person as defined in the 2012 Edition of the Joint Ore Reserves Committee
(JORC) "Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves". Steven is a member of the Australasian Institute
of Mining and Metallurgy (M.Aus.lMM #109255), is employed as a consultant with
Austwide Mining Title Management Pty Ltd and is a graduate of Durham
University and has over 40 years of experience in exploration and mining in
Australia, Zimbabwe and Namibia. Steven is a Director of Mineral Search Pty
Ltd.
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
Follow us on social media
This announcement has been issued by and is the sole responsibility of the
Company.
Analytical work was carried out on JUD001 and JUD002 by Intertek Laboratories
in Perth where each 1m core sample was analysed for a comprehensive
multi-element suite of precious metals, base metals and pathfinder elements
(49 elements).
Figure 1 - Drill Hole Collar Locations
Gold and copper results were returned from targeted basement in JUD001 and
JUD002. Silver and zinc results were returned from overlying rocks in holes
JUD001 and JUD002. A summary of results is presented below.
JUD001 - Summary of Results
Highest Single-Metre Results
Metal Result (ppb/ppm) Equivalent Interval
Gold (Au) 63 ppb 0.06 g/t 1 m @ 629 m
Silver (Ag) 1.99 ppm 1.99 g/t 1 m @ 174 m
Copper (Cu) 923.3 ppm 0.09 % 1 m @ 518 m
Zinc (Zn) 19,500 ppm 1.95 % 1 m @ 103 m
Distribution of Anomalous Intercepts
Metal Threshold Number of 1 m Intercepts
Gold (Au) ≥ 10 ppb 19
Silver (Ag) ≥ 0.2 ppm 8
Copper (Cu) ≥ 200 ppm 7
Zinc (Zn) ≥ 500 ppm 5
JUD002 - Summary of Results
Highest Single-Metre Results
Metal Result (ppb/ppm) Equivalent Interval
Gold (Au) 24 ppb 0.02 g/t 1 m @ 549 m
Silver (Ag) 1.81 ppm 1.81 g/t 1 m @ 32 m
Copper (Cu) 769.7 ppm 0.08 % 1 m @ 608 m
Zinc (Zn) 1,493 ppm 0.15 % 1 m @ 571 m
Distribution of Anomalous Intercepts
Metal Threshold Number of 1 m Intercepts
Gold (Au) ≥ 10 ppb 9
Silver (Ag) ≥ 0.2 ppm 19
Copper (Cu) ≥ 200 ppm 32
Zinc (Zn) ≥ 500 ppm 4
Notes on Units
• ppb = parts per billion
• ppm = parts per million
• 1,000 ppb = 1 g/t (gold)
• 1 ppm = 1 g/t (gold and silver)
• 10,000 ppm = 1% (copper and zinc)
Results show mineralisation was intersected in drillhole JUD001 and JUD002
with low tenor precious and base metals returned from laboratory analysis. In
the targeted basement sequence low tenor gold and copper sulphide
mineralisation was sporadically intercepted in the hole locations drilled. A
photo of example mineralisation from JUD001 is shown in Figure 2.
Figure 2 - Drill Core Photos
Considering the large multi kilometre scale of the modelled geophysical target
at Juno the Company believes mineralisation intersected in JUD001 and JUD002
may represent a peripheral portion of a larger system. Higher grade
mineralisation may be present proximal to JUD001 and JUD002 and further review
of analytical data with geological and geophysical information will be carried
out.
Gold and copper mineralisation intersected in JUD001 and JUD002 may indicate
the potential presence of proximal higher-grade mineralisation. Initial
interpretation suggests the system may hold higher grade mineralisation
approximately 500m metres southeast of JUD001 and 2km southwest of JUD001
(Figure 1) which remain as valid targets as per 24 July 2025 RNS. Further
review of data will be carried out and if other valid targets emerge then the
Company may direct 2026 drilling efforts to other locations within the multi
kilometre scale Juno geophysical target and updates will be provided to the
market accordingly. The Company believes exploration is a systematic,
multi-programme learning process and further drilling is warranted to test for
the presence of higher-grade mineralisation within the large multi kilometre
scale of the Juno geophysical target. Currently, additional drilling is
scheduled for the earliest opportunity in 2026. The Company has now fulfilled
its capital commitment, as outlined in the 14 August 2024 RNS, in respect of
the initial Juno work programme, which brings to a close the maiden drill
campaign.
Laboratory assay results were received prior to quarter end; however, release
was deferred to allow for independent review and sign-off by a suitably
qualified Competent Person ("CP"), as required under the AIM Rules and the
JORC Code. The Company considered it important that this review was undertaken
by a high-quality CP with detailed knowledge of the project. Due to the CP's
availability over the festive period, the review was completed in early
January, following which the results were available for release.
Omar Ahmad, Chief Executive Officer, commented:
"The maiden drilling programme has identified mineralisation at Juno.
Shareholders should note that Juno is a large multi kilometre greenfield site
and that the identification of mineralisation is a positive development that
warrants further targeted drilling to test for potential higher-grade
mineralisation. We will update shareholders accordingly as work on Juno
Project progresses."
Callum Baxter, GEO's JV Partner for Juno Project, commented:
"Analytical results from Juno drillholes JUD001 and JUD002 show sporadic, low
grade gold and copper mineralisation has been intersected in the chosen hole
locations. This may represent mineralisation proximal to higher grade
mineralisation elsewhere within the broader area at Juno. Considering the
multi-kilometre scale of the Juno target further assessment of geology and
drill targets will be undertaken."
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.
References to Previous Market Releases - The information in this report that
relates to Exploration Results were last reported by the Company in compliance
with the 2012 Edition of the JORC Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves in market releases
dated as follows:
- Juno Project Ground Gravity Data and IRGS Mineralisation
Potential, 16 January 2025
- Juno Project Results of Geophysical Modelling, 28 May
2025
- Juno Project Results of Electrical Geophysics, 24 July
2025
Competent Person - The information in this announcement relating to the
project is deemed to be a true representation of exploration results. Mr
Steven Andrew Milner has sufficient experience, to qualify as a Competent
Person as defined in the 2012 Edition of the Joint Ore Reserves Committee
(JORC) "Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves". Steven is a member of the Australasian Institute
of Mining and Metallurgy (M.Aus.lMM #109255), is employed as a consultant with
Austwide Mining Title Management Pty Ltd and is a graduate of Durham
University and has over 40 years of experience in exploration and mining in
Australia, Zimbabwe and Namibia. Steven is a Director of Mineral Search Pty
Ltd.
For further information please visit: www.geoexplorationlimited.com
(http://www.geoexplorationlimited.com) or contact:
GEO Exploration Limited
Hamza Choudhry, CFO and Executive Director
investors@geoexpltd.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott, Dillon Wall
+44 (0) 20 3368 3555
CMC Markets (Joint Broker)
Douglas Crippen
+44 (0) 20 3003 8632
SI Capital Limited (Joint Broker)
Nick Emerson
+44 (0) 14 8341 3500
Follow us on social media
This announcement has been issued by and is the sole responsibility of the
Company.
Analytical work was carried out on JUD001 and JUD002 by Intertek Laboratories
in Perth where each 1m core sample was analysed for a comprehensive
multi-element suite of precious metals, base metals and pathfinder elements
(49 elements).
Figure 1 - Drill Hole Collar Locations
Gold and copper results were returned from targeted basement in JUD001 and
JUD002. Silver and zinc results were returned from overlying rocks in holes
JUD001 and JUD002. A summary of results is presented below.
JUD001 - Summary of Results
Highest Single-Metre Results
Metal Result (ppb/ppm) Equivalent Interval
Gold (Au) 63 ppb 0.06 g/t 1 m @ 629 m
Silver (Ag) 1.99 ppm 1.99 g/t 1 m @ 174 m
Copper (Cu) 923.3 ppm 0.09 % 1 m @ 518 m
Zinc (Zn) 19,500 ppm 1.95 % 1 m @ 103 m
Distribution of Anomalous Intercepts
Metal Threshold Number of 1 m Intercepts
Gold (Au) ≥ 10 ppb 19
Silver (Ag) ≥ 0.2 ppm 8
Copper (Cu) ≥ 200 ppm 7
Zinc (Zn) ≥ 500 ppm 5
JUD002 - Summary of Results
Highest Single-Metre Results
Metal Result (ppb/ppm) Equivalent Interval
Gold (Au) 24 ppb 0.02 g/t 1 m @ 549 m
Silver (Ag) 1.81 ppm 1.81 g/t 1 m @ 32 m
Copper (Cu) 769.7 ppm 0.08 % 1 m @ 608 m
Zinc (Zn) 1,493 ppm 0.15 % 1 m @ 571 m
Distribution of Anomalous Intercepts
Metal Threshold Number of 1 m Intercepts
Gold (Au) ≥ 10 ppb 9
Silver (Ag) ≥ 0.2 ppm 19
Copper (Cu) ≥ 200 ppm 32
Zinc (Zn) ≥ 500 ppm 4
Notes on Units
• ppb = parts per billion
• ppm = parts per million
• 1,000 ppb = 1 g/t (gold)
• 1 ppm = 1 g/t (gold and silver)
• 10,000 ppm = 1% (copper and zinc)
Results show mineralisation was intersected in drillhole JUD001 and JUD002
with low tenor precious and base metals returned from laboratory analysis. In
the targeted basement sequence low tenor gold and copper sulphide
mineralisation was sporadically intercepted in the hole locations drilled. A
photo of example mineralisation from JUD001 is shown in Figure 2.
Figure 2 - Drill Core Photos
Considering the large multi kilometre scale of the modelled geophysical target
at Juno the Company believes mineralisation intersected in JUD001 and JUD002
may represent a peripheral portion of a larger system. Higher grade
mineralisation may be present proximal to JUD001 and JUD002 and further review
of analytical data with geological and geophysical information will be carried
out.
Gold and copper mineralisation intersected in JUD001 and JUD002 may indicate
the potential presence of proximal higher-grade mineralisation. Initial
interpretation suggests the system may hold higher grade mineralisation
approximately 500m metres southeast of JUD001 and 2km southwest of JUD001
(Figure 1) which remain as valid targets as per 24 July 2025 RNS. Further
review of data will be carried out and if other valid targets emerge then the
Company may direct 2026 drilling efforts to other locations within the multi
kilometre scale Juno geophysical target and updates will be provided to the
market accordingly. The Company believes exploration is a systematic,
multi-programme learning process and further drilling is warranted to test for
the presence of higher-grade mineralisation within the large multi kilometre
scale of the Juno geophysical target. Currently, additional drilling is
scheduled for the earliest opportunity in 2026. The Company has now fulfilled
its capital commitment, as outlined in the 14 August 2024 RNS, in respect of
the initial Juno work programme, which brings to a close the maiden drill
campaign.
Laboratory assay results were received prior to quarter end; however, release
was deferred to allow for independent review and sign-off by a suitably
qualified Competent Person ("CP"), as required under the AIM Rules and the
JORC Code. The Company considered it important that this review was undertaken
by a high-quality CP with detailed knowledge of the project. Due to the CP's
availability over the festive period, the review was completed in early
January, following which the results were available for release.
Omar Ahmad, Chief Executive Officer, commented:
"The maiden drilling programme has identified mineralisation at Juno.
Shareholders should note that Juno is a large multi kilometre greenfield site
and that the identification of mineralisation is a positive development that
warrants further targeted drilling to test for potential higher-grade
mineralisation. We will update shareholders accordingly as work on Juno
Project progresses."
Callum Baxter, GEO's JV Partner for Juno Project, commented:
"Analytical results from Juno drillholes JUD001 and JUD002 show sporadic, low
grade gold and copper mineralisation has been intersected in the chosen hole
locations. This may represent mineralisation proximal to higher grade
mineralisation elsewhere within the broader area at Juno. Considering the
multi-kilometre scale of the Juno target further assessment of geology and
drill targets will be undertaken."
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.
References to Previous Market Releases - The information in this report that
relates to Exploration Results were last reported by the Company in compliance
with the 2012 Edition of the JORC Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves in market releases
dated as follows:
- Juno Project Ground Gravity Data and IRGS Mineralisation
Potential, 16 January 2025
- Juno Project Results of Geophysical Modelling, 28 May
2025
- Juno Project Results of Electrical Geophysics, 24 July
2025
Competent Person - The information in this announcement relating to the
project is deemed to be a true representation of exploration results. Mr
Steven Andrew Milner has sufficient experience, to qualify as a Competent
Person as defined in the 2012 Edition of the Joint Ore Reserves Committee
(JORC) "Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves". Steven is a member of the Australasian Institute
of Mining and Metallurgy (M.Aus.lMM #109255), is employed as a consultant with
Austwide Mining Title Management Pty Ltd and is a graduate of Durham
University and has over 40 years of experience in exploration and mining in
Australia, Zimbabwe and Namibia. Steven is a Director of Mineral Search Pty
Ltd.
For further information please visit: www.geoexplorationlimited.com
(http://www.geoexplorationlimited.com) or contact:
GEO Exploration Limited
Hamza Choudhry, CFO and Executive Director
investors@geoexpltd.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott, Dillon Wall
+44 (0) 20 3368 3555
CMC Markets (Joint Broker)
Douglas Crippen
+44 (0) 20 3003 8632
SI Capital Limited (Joint Broker)
Nick Emerson
+44 (0) 14 8341 3500
Follow us on social media
This announcement has been issued by and is the sole responsibility of the
Company.
JORC Code, 2012 Edition - Table 1 report
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling techniques · Nature and quality of sampling (eg cut channels, random chips, or · All drilling and sampling was undertaken in an industry standard
specific specialised industry standard measurement tools appropriate to the manner
minerals under investigation, such as down hole gamma sondes, or handheld XRF
instruments, etc). These examples should not be taken as limiting the broad · All drill core was sampled as 1m intervals
meaning of sampling.
· Half core was crushed and pulverized for analysis
· Include reference to measures taken to ensure sample representivity
and the appropriate calibration of any measurement tools or systems used. · 25g fire assay ICPOES - Au (FA25/OE04)
· Aspects of the determination of mineralisation that are Material to · 4 acid digest ICPMS 48 elements (4A/MS48)
the Public Report.
· In cases where 'industry standard' work has been done this would be
relatively simple (eg 'reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for fire
assay'). In other cases more explanation may be required, such as where there
is coarse gold that has inherent sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules) may warrant disclosure of detailed
information.
Drilling techniques · Drill type (eg core, reverse circulation, open-hole hammer, rotary · HQ3 and NQ2 core standard tube
air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or
standard tube, depth of diamond tails, face-sampling bit or other type, · Survey between 15m and 60m intervals
whether core is oriented and if so, by what method, etc).
· Holes vertical
Drill sample recovery · Method of recording and assessing core and chip sample recoveries and · Minimal core loss reported
results assessed.
· Samples are considered representative with good recovery
· Measures taken to maximise sample recovery and ensure representative
nature of the samples. · No sample bias observed
· Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain of
fine/coarse material.
Logging · Whether core and chip samples have been geologically and · Geologically logged qualitatively as sub metre intervals
geotechnically logged to a level of detail to support appropriate Mineral
Resource estimation, mining studies and metallurgical studies. · All core trays photographed
· Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography.
· The total length and percentage of the relevant intersections logged.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or all core · All core sawn half and sampled as 1m intervals
taken.
· All core sampled, crushed and pulverised
· If non-core, whether riffled, tube sampled, rotary split, etc and
whether sampled wet or dry. · Sampling considered appropriate for grain size of material
· For all sample types, the nature, quality and appropriateness of the · Sample standards, blanks and duplicates performed by laboratory
sample preparation technique.
· Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
· Measures taken to ensure that the sampling is representative of the
in situ material collected, including for instance results for field
duplicate/second-half sampling.
· Whether sample sizes are appropriate to the grain size of the
material being sampled.
Quality of assay data and laboratory tests · The nature, quality and appropriateness of the assaying and · The samples were submitted to a commercial independent laboratory in
laboratory procedures used and whether the technique is considered partial or Perth, Australia (Intertek)
total.
· 1m samples were analysed 25g fire assay ICPOES - Au (FA25/OE04), 4
· For geophysical tools, spectrometers, handheld XRF instruments, etc, acid digest ICPMS 48 elements (4A/MS48)
the parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc. · The techniques are considered quantitative in nature
· Nature of quality control procedures adopted (eg standards, blanks, · Laboratory provides standards, blanks and duplicates
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (ie lack of bias) and precision have been established. · The standards are considered satisfactory
Verification of sampling and assaying · The verification of significant intersections by either independent · Sample results reviewed by the Company's consultants
or alternative company personnel.
· No adjustments have been made to the assay data
· The use of twinned holes.
· Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.
· Discuss any adjustment to assay data.
Location of data points · Accuracy and quality of surveys used to locate drill holes (collar · Core hole collar locations located by handheld GPS to an accuracy of
and down-hole surveys), trenches, mine workings and other locations used in 4m.
Mineral Resource estimation.
· Elevation data Lidar controlled for GPS location
· Specification of the grid system used.
· Locations are given in GDA94 Zone 50 projection
· Quality and adequacy of topographic control.
Data spacing and distribution · Data spacing for reporting of Exploration Results. · The two core holes are located 825m apart and are considered early
stage exploration
· Whether the data spacing and distribution is sufficient to establish
the degree of geological and grade continuity appropriate for the Mineral · Sample compositing has not been applied
Resource and Ore Reserve estimation procedure(s) and classifications applied.
· Whether sample compositing has been applied.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased sampling of · The core drilling is considered at high angle to geological dip, but
possible structures and the extent to which this is known, considering the may be at low angle to regional and local structural features
deposit type.
· The two core holes are considered early stage exploration and the
· If the relationship between the drilling orientation and the relationship between mineralized structures and drilling orientation is
orientation of key mineralised structures is considered to have introduced a unknown
sampling bias, this should be assessed and reported if material.
Sample security · The measures taken to ensure sample security. · All core palletised and plastic shrink wrapped prior to transport to
laboratory.
Audits or reviews · The results of any audits or reviews of sampling techniques and data. · No audits have been completed.
· Review of laboratory QAQC data has been carried out by geological
consultants
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership including · All drilling located within E08/3497 owned by Juno Gold Pty Ltd 80%
agreements or material issues with third parties such as joint ventures, and Callum Baxter 20%.
partnerships, overriding royalties, native title interests, historical sites,
wilderness or national park and environmental settings. · Juno Gold Pty Ltd a 100% subsidiary of Geo Exploration Limited
· The security of the tenure held at the time of reporting along with · Native Title Agreement with Jidi Jidi Aboriginal Corporation executed
any known impediments to obtaining a licence to operate in the area.
Exploration done by other parties · Acknowledgment and appraisal of exploration by other parties. · Historical Exploration predominantly carried out by Pasminco
Exploration between 1993-1996
· Pasminco targeted shallow SEDEX/Stratiform zinc mineralisation
· HD001 core hole by Pasminco 1993 targeted large scale magnetic +
gravity response
Geology · Deposit type, geological setting and style of mineralisation. · Targeted mineralisation - Intrusion Related Gold System (IRGS)
· Basement early Proterozoic Capricorn Orogen carbonate rich
metasediments with overlying meso-Proterozoic carbonates and shales of Edmund
and Collier Basins
· Large, kilometre scale magnetic and gravity response at high angle to
geological strike
Drill hole Information · A summary of all information material to the understanding of the · Drill hole location and direction information provided in the report
exploration results including a tabulation of the following information for
all Material drill holes:
- easting and northing of the drill hole collar
- elevation or RL (Reduced Level - elevation above sea level in
metres) of the drill hole collar
- dip and azimuth of the hole
- down hole length and interception depth
- hole length.
· If the exclusion of this information is justified on the basis that
the information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain why
this is the case.
Data aggregation methods · In reporting Exploration Results, weighting averaging techniques, · No data aggregation methods used in report
maximum and/or minimum grade truncations (eg cutting of high grades) and
cut-off grades are usually Material and should be stated.
· Where aggregate intercepts incorporate short lengths of high grade
results and longer lengths of low grade results, the procedure used for such
aggregation should be stated and some typical examples of such aggregations
should be shown in detail.
· The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationship between mineralisation widths and intercept lengths · These relationships are particularly important in the reporting of · The relationship of the geometry of the mineralisation and drill hole
Exploration Results. angle is not known
· If the geometry of the mineralisation with respect to the drill hole
angle is known, its nature should be reported.
· If it is not known and only the down hole lengths are reported, there
should be a clear statement to this effect (eg 'down hole length, true width
not known').
Diagrams · Appropriate maps and sections (with scales) and tabulations of · Diagrams in report were prepared to highlight important information
intercepts should be included for any significant discovery being reported relevant to this announcement
These should include, but not be limited to a plan view of drill hole collar
locations and appropriate sectional views.
Balanced reporting · Where comprehensive reporting of all Exploration Results is not · All anomalous results are provided in the body of the report
practicable, representative reporting of both low and high grades and/or
widths should be practiced to avoid misleading reporting of Exploration · The report is considered balanced and provided in context
Results.
Other substantive exploration data · Other exploration data, if meaningful and material, should be · Other relevant exploration data has been reported in previous market
reported including (but not limited to): geological observations; geophysical releases listed below
survey results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or contaminating substances.
- Exploration Joint Venture 14 August 2024
- Additional Ownership 16 September 2024
- Commencement of Airborne Geophysical Survey 7 October 2024
- Aeromagnetic Results 14 November 2024
- Gravity Survey - 25 November 2024
- Lidar Acquisition - 9 December 2024
- Lidar Data Delivery - 8 January 2025
- Magnetic and Gravity Data - 16 January 2025
- Exploration Licence Application - 19 February 2025
- Results of Geophysical Modelling - 28 May 2025
- Results of Electrical Geophysics - 24 July 2025
- Drilling Update - 19 September 2025
- Drilling Update - 23 October 2025
Further work · The nature and scale of planned further work (eg tests for lateral · Further work to include review of analytical data from JUD001 and
extensions or depth extensions or large-scale step-out drilling). JUD002 with geological and geophysical information.
· Diagrams clearly highlighting the areas of possible extensions, · Additional drill holes are currently proposed as shown in diagram in
including the main geological interpretations and future drilling areas, report.
provided this information is not commercially sensitive.
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. END DRLFELFBQFLBBBK
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