The Juno Project

Geo is advancing its Juno Project in Western Australia, focusing on significant mineral resource opportunities. The Juno Project, a joint venture with Callum Baxter (80% held by Global and 20% by Mr Baxter), is located approximately 100km south of the town of Paraburdoo. Callum Baxter serves as the operator of the project. Mr Baxter, a geologist with over 30 years of experience in global mineral exploration, was a founding director of Greatland Gold plc and is credited with the discovery of the Havieron deposit in Western Australia, an intrusion-related gold system with a peak market cap of over £500m.

The Juno Project exhibits striking geophysical similarities to the Havieron discovery, with a large residual gravity response and a prominent magnetic feature. These features are consistent with Intrusion Related Gold System (IRGS) and Iron Oxide Copper-Gold (IOCG) type deposits. The Juno Project’s magnetic feature covers an area of approximately 5km x 2km, compared to Havieron’s 1km x 1km magnetic response.

Namibian Project

The Group’s Namibian Project consists of a 78% participating interest in Petroleum Exploration Licence No. 0094, which covers offshore block 2011A.

Recent discoveries in Namibia’s Orange Basin, such as the Mopane-2A well which encountered hydrocarbons in two reservoirs, and the Venus and Graff discoveries, have significantly increased exploration activity. Interest in Namibia has surged following these discoveries, contributing to a growing focus on the Walvis Basin as a highly prospective area for future exploration.

Italian Licences

In August 2013, Global submitted an application and proposed work programme and budget to the Italian Ministry of Economic Development for four exploration areas offshore Italy. The Permit applications were published on 30 September 2013 in the Official Bulletin, allowing other competitive bids to be made over the subsequent three months. No such bids were received, so the Company submitted relevant documentation in May 2014 in relation to environmental impact. The final award of the four Permits is dependent upon satisfactory outcomes of this process and subsequent formalities in accordance with Italian legislation.

Geo Exploration Limited aims to leverage its extensive technical and commercial expertise to become a highly valued mineral resource and hydrocarbon exploration and production company. Our primary focus is to focus on projects where we believe there is significant upside potential, with significant  interests in Australia,  Africa, the Mediterranean, and actively aim to look for other high-potential  projects worldwide.

Exploration Success: We aim to maximise potential for mineral resource and hydrocarbon exploration success to enhance shareholder value. This is achieved through acquiring early licence positions in highly prospective exploration areas in Australia, Africa, and the Mediterranean, either directly through licensing rounds, joint venture arrangements, or acquisitions.

Strategic Partnerships: A key part of our strategy is to seek partnerships with world-class, top-tier operators who share our commitment to excellence and can contribute to the successful development of our projects.

Geographic Focus: While primarily focused on Australia, our strategy also includes Africa, the Mediterranean, and other highly prospective frontier areas to diversify our portfolio and leverage opportunities for growth.

Geo Exploration Limited is dedicated to fostering an inclusive environment that supports all employees, promotes professional development, and leverages diverse perspectives to drive innovation and success.