REG - Geo Exploration Ltd - Juno Project – Execution of Heritage Agreement

GEO ExplorationAnnouncement

29/05/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250529:nRSc4929Ka&default-theme=true

RNS Number : 4929K  Geo Exploration Limited  29 May 2025

 29 May 2025

 GEO Exploration Limited
 (Formerly Global Petroleum Limited)
 ("GEO " or the "Company")
 Juno Project - Successful Execution of Heritage Agreement

 Key Highlights

 - Heritage Agreement successfully executed with Traditional Owners

 - Framework spans early reconnaissance through ore-body development,
 protecting Aboriginal Sites and Country while enabling collaborative
 consultation

 - Completion of the Agreement removes a key permitting hurdle and allows GEO
 to accelerate systematic drilling and advanced exploration programmes

 GEO Exploration Limited (LSE AIM: GEO) is pleased to announce that its wholly
 owned subsidiary Juno Gold Pty Ltd (Juno Gold) has successfully executed a
 Heritage Agreement covering the Juno Project licences. The Juno Project is
 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.

 A Heritage Agreement has been executed by Traditional Owners Nharnuwangga
 Wajarri and Ngarlawangga represented by the Jidi Jidi Aboriginal Corporation
 (Jidi Jidi) and GEO's wholly owned subsidiary Juno Gold. The Heritage
 Agreement is designed to ensure that Aboriginal Sites are not damaged or
 disturbed and that Country is respected and protected.

 The agreement provides a framework for Juno Gold and Jidi Jidi to work
 collaboratively where advanced exploration activities are undertaken. The
 Heritage Agreement covers early-stage exploration work through to orebody
 development activities allowing appropriate discussions between all
 stakeholders at various stages of exploration workflow.

 The agreement is in place for the term of the licences, and can be amended by
 mutual agreement if required. The framework allows appropriate consultation
 between parties and ensures site clearances are carried out where required.
 The agreement allows open discussion between the parties with an appropriate
 information exchange at regular intervals.

 The Heritage Agreement also allows GEO to meet its obligations to Government
 Authorities when carrying out advanced exploration activities. Reporting of
 activities and appropriate consultation with Traditional Owners is supported
 by documentation preserving security for all stakeholders.

 Callum Baxter, GEO's joint venture partner commented:

 "I am pleased we have successfully negotiated and executed a Heritage
 Agreement with Traditional Owners for the Juno project. It allows consultation
 and open discussion covering our exploration activities through to orebody
 development and is in place for the terms of the licences. We look forward to
 working collaboratively with the Traditional Owners."

 Azib Khan, CCO of Geo Exploration Limited, commented:

 "I would like to thank the Nharnuwangga Wajarri and Ngarlawangga people as
 well as the Jidi Jidi Aboriginal Corporation for their constructive engagement
 and trust, and we look forward to a long-term partnership that creates value
 for all stakeholders while protecting country.

 Executing the Heritage Agreement is a significant milestone for GEO and for
 the Juno Project. With this clear and collaborative framework in place, we aim
 to accelerate our work program whilst continuing to meet the highest
 environmental and cultural-heritage standards."

 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

 Follow us on social media

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRBLGDUISDDGUI