GEO Exploration is betting everything on its Juno Project in central Western Australia, which management has benchmarked against the early-stage exploration of the Havieron deposit to highlight its potential as an intrusion-related gold system.
Drilling progressing well with drill hole JUD001 complete, with the drill equipment moved to the second location, and drill hole JUD002 is now underway
- Maiden hole JUD001 completed (810m), all target rock sequences hit
- Core from JUD001 being sent for lab analysis, assays expected Q4 2025
Drilling Update – Juno Project
The company notes that Juno’s gravity and magnetic anomaly is several times larger than Havieron’s, based on modelling, underscoring the scale of the target. With modelling designed to follow the same IRGS approach that led to Havieron, management has positioned Juno as a potential Tier-1 discovery and a genuine company-making opportunity if drilling delivers.
The scale of the target is striking. Modelling has defined a four kilometre by two kilometre geophysical anomaly built from gravity, magnetics, IP and EM surveys, and CEO Omar Ahmad has suggested it could represent a mineralised system “four to five times the scale of Havieron.” To test it, GEO appointed DDH1 Drilling, one of Australia’s top contractors, to sink an initial diamond hole to 1,000 metres.
- 3 granted licenses and 1 applied for shows the potential scale of Juno
- Possible satellite deposits surrounding the main target currently being drilled
- 450 square kilometres currently which is the equivalent of 70,000 football pitches
- This could evolve into a district-scale discovery over time
In September 2025, the company confirmed that drilling had begun. The first hole, JUD001, is targeting the heart of the anomaly, with a phased approach designed to pause, analyse geological data and adjust before further drilling. Investors responded quickly: GEO’s shares rose around 30% on the commencement news, a sign of how eagerly the market is watching. While no assays are yet available, the anticipation is being driven by the sheer scale of the system and the possibility of Havieron-style visuals in core logging.
The upside is enormous if Juno delivers, but if the geophysics prove deceptive, the lack of diversification could be brutal. For now, GEO is the very definition of a binary exploration bet: a moonshot at a Havieron-scale prize.
Disclaimer: The information presented in this article represents the views and analysis of the author and is provided for informational purposes only. It should not be interpreted as financial, investment, or legal advice. Investors should conduct their own due diligence and consult a qualified adviser before making investment decisions. Investing in AIM-listed companies involves risk, and past performance is not indicative of future results.
