Business
Gorge Gold Project Update
GEO Exploration Limited has satisfied the key conditions for acquiring Exploration Licence E08/3737 in Western Australia, a 81 square kilometre area prospective for gold deposits. The acquisition consideration includes A$100,000 cash and A$400,000 in GEO ordinary shares at £0.0040 per share. Historical data and recent prospecting confirm gold occurrences across approximately 5km of strike, with evidence of near-surface gold nuggets and high-grade historical results, indicating potential for a significant bedrock gold discovery. Planned Q1 2026 airborne surveys will be followed by geochemical sampling and initial RAB/RC drilling in Q3 2026. Disclaimer*
About this update from Geo Exploration Limited
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\n11 December 2025\n \nGEO Exploration Limited\n \n(\"GEO \" or the \"Company\")\n \n\n\n\n\n Gorge Project Update\n \n \nGEO Exploration Limited (AIM: GEO), is pleased to announce an update for the recently acquired Gorge Project which comprises a new exploration licence for gold located in Western Australia.\n \nThe primary focus for the Gorge Project is early-stage exploration for large scale gold deposits in an area that has historically only seen sparse exploration despite encouraging results from previous work. The Gorge gold project expands the Company's portfolio of highly prospective projects and provides a further opportunity for a potential transformational discovery.\n \n \n\n\n\n\nHighlights\n \n· All key conditions for the acquisition of Exploration Licence E08/3737 have been satisfied, with final administrative steps underway ahead of transfer into GEO's 100%-owned subsidiary, Gorge Gold Pty Ltd.\n \n· Review of historical datasets is complete and recent prospecting confirms gold occurrences across approximately 5km of strike, supported by drainage, soil, rock chip sampling and nugget recoveries, pointing to a potential large-scale gold system.\n \n· Multiple near-surface gold nuggets together with historical high-grade results and widespread surface workings, highlight strong potential for a significant bedrock gold discovery.\n \n· High-resolution airborne magnetic, radiometric and LiDAR surveys are planned for Q1 2026, followed by geochemical sampling, heritage work and first-pass RAB/RC drilling in Q3 2026.\n \n \nTransaction\n \nThe Gorge project currently comprises granted Exploration Licence 08/3737 which is located approximately 110km west of the town of Paraburdoo in Western Australia (Figure 1). The licence covers an area of 81 square kilometres of Proterozoic age metasediments of the Capricorn Orogen and is prospective for several styles of mineralisation, however the Company's primary focus will be large scale gold deposits.\n \nTerms for the acquisition of the licence were announced to market on 21 October 2025 which included transfer of 100% of the licence and ...