REG - Geo Exploration Ltd - Capital Raise of £1,250,000

GEO ExplorationAnnouncement

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RNS Number : 6642L  Geo Exploration Limited  16 December 2025

 16 December 2025

 GEO Exploration Limited

 ("GEO " or the "Company")

Capital Raise of £1,250,000

 Key Highlights:

 ·      £1.25 million raised before expenses via the placing of
 694,444,444 new Ordinary Shares at 0.18 pence per share.

 ·      Proceeds to fund exploration activities at the Gorge Project,
 advance the next phase of Juno drilling campaign anticipated in early 2026,
 support PEL 94 (Namibia) farm-out and related transaction activities, and
 provide general working capital.

 ·      Fundraise completed to support the maiden drilling programme at
 Juno and recent encouraging exploration progress at the Gorge Project.

 GEO Exploration Limited (LSE AIM: GEO) is pleased to announce that it has
 successfully completed a capital raise (the "Fundraise"), raising £1.25
 million before expenses through the placing of 694,444,444 new Ordinary Shares
 at a price of 0.18 pence per share. Today's Issue Price represents a 21.7%
 discount to the closing bid price of 0.23 pence per share on 15 December
 2025.

 The Fundraise was met with strong demand from investors reflecting growing
 confidence in the Company's strategy and technical progress. Investor support
 follows the successful completion of GEO's maiden drilling programme at the
 Juno Project and recent encouraging exploration developments at the Gorge
 Project, which together mark important milestones as the Company advances its
 exploration portfolio across Australia.

 The net proceeds of the Fundraise will be applied towards ongoing and planned
 exploration activities at the Gorge Project, funding a follow-on drilling
 campaign at the Juno Project anticipated in early 2026, providing sufficient
 working capital to support the Company's expanding operational and corporate
 requirements, and capitalising on opportunities at PEL 94 (Namibia), including
 potential farm-out and related transaction costs, particularly in light of
 increased industry activity in Namibia.

 CMC Markets UK plc, trading as CMC CapX, acted as the Company's sole placing
 agent.

 Hamza Choudhry, Chief Financial Officer of GEO Exploration Limited, commented:

 "We are very encouraged by the strong support from investors in this
 fundraise, which reflects growing confidence in the progress the Company has
 made across its portfolio and the opportunity ahead.

 The Company is entering an exciting phase at the Juno Project with results
 pending from the labs, alongside increasingly encouraging exploration signals
 at the Gorge Project, including high-grade rock chips and the recovery of
 large gold nuggets. In parallel, heightened industry interest in Namibia's
 Walvis Basin following recent offshore developments with Chevron announcing
 future drills has further sharpened focus on PEL 94.

 With a strengthened balance sheet, GEO is well positioned to continue
 advancing its assets in a disciplined manner, grow the business through
 technical progress across multiple projects, and pursue opportunities that we
 believe can deliver long-term value for shareholders.

 As always, we thank all new and existing shareholders for their support as we
 look forward to taking them with us on the journey ahead."

 Admission and Total Voting Rights

 Application will be made to AIM for admission of the Placing Shares (the "New
 Ordinary Shares"), which will rank pari passu with the existing Ordinary
 Shares. Admission is expected to become effective, and dealings in the New
 Ordinary Shares to commence, on or around 8.00 a.m. on 22 December 2025.

 Following Admission, the Company's issued share capital will comprise
 5,596,505,122 Ordinary Shares, each carrying one vote per share. Accordingly,
 the figure of 5,596,505,122 may be used by shareholders as the denominator for
 calculations by which they determine whether they are required to notify their
 interest in, or a change to their interest in, the Company under the FCA's
 Disclosure Guidance and Transparency Rules.

 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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