Financial Report – Half-Year Ended 31 December 2025
GEO Exploration Limited (AIM: GEO) announces its financial results for the half year ended 31 December 2025.
Highlights
Corporate:
· GEO continued executing its strategy to build a diversified exploration portfolio across Western Australian gold projects and the Namibian offshore licence PEL 0094.
· During the period the Company advanced exploration activities across its portfolio, including the completion of its maiden drilling programme at the Juno Project.
· The Company agreed the acquisition of the 100%-owned Gorge Project in Western Australia, expanding GEO’s gold exploration footprint in the Capricorn Orogen.
Operational:
· GEO agreed to acquire the Gorge Project (E08/3737) covering approximately 81 km² within the Capricorn Orogen, prospective for large-scale gold mineralisation.
· Historical exploration identified high-grade gold mineralisation with rock chip samples up to 134 g/t Au and mineralisation extending over approximately 5 km of strike, supporting the potential for a primary bedrock gold source.
· GEO completed its maiden drilling programme at the Juno Project, with drill holes JUD001 and JUD002 drilled to depths of 810.6m and 774.7m respectively, intersecting the targeted geological sequences.
· GEO continued technical evaluation of its 78% operated interest in Petroleum Exploration Licence 0094 (PEL 0094) in the Walvis Basin offshore Namibia.
· The Company continued engagement with potential farm-in partners, with multiple parties accessing the data room as part of the ongoing farm-out process.
Financial:
· Losses after tax: USD $1,582,701 (31 December 2024: USD $543,290).
· Cash and cash equivalents: USD $2,040,452 (30 June 2025: USD $1,072,198).
· Net assets: approximately USD $5.7 million at 31 December 2025.
· Successful capital raises with institutional, family offices and high-net-worth investors totalling £1,109,000 and £1,250,000 in the half year to 31 December 2025.
· CEO Omar Ahmad was fully repaid his USD $270,000 interest free loan to the Company in October 2025.
Strategy and Outlook:
· GEO will continue to advance exploration across its Western Australian gold portfolio, including further geological interpretation and targeting following the maiden drilling programme at the Juno Project.
· The Company will commence systematic exploration programmes at the newly acquired Gorge Project, including geophysical surveys, geochemical sampling and heritage surveys, with the objective of progressing the project towards initial drilling.
· GEO will continue discussions with potential industry partners regarding a farm-out of its Namibian offshore licence PEL 0094.
· The Board remains focused on maximising shareholder value through disciplined capital allocation and the advancement of its exploration assets.
The Company confirms that a full copy of its latest Financial Report – Half Year Ended 31 December 2025 will be available shortly on the Company’s website: www.geoexplorationlimited.com
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 or contact:
GEO Exploration Limited
Hamza Choudhry, CFO and Executive Director
