GEO Exploration Limited (LSE:GEO) reported results for the half year ended 31 December 2025, outlining continued exploration activity across its Western Australian gold projects and its offshore petroleum licence in Namibia. During the period, the company completed its first drilling campaign at the Juno Project, where intersections of low-tenor gold, copper, silver and zinc confirmed the presence of a mineralised system and provided geological data to guide further drilling planned for 2026.
The company also expanded its Australian gold portfolio through an agreement to acquire the fully owned Gorge Project. Historic exploration at the site has indicated both high-grade and widespread gold mineralisation, and GEO intends to carry out modern, systematic exploration programmes to advance the project toward future drilling.
Financially, the group reported a stronger balance sheet, supported by increased cash reserves, net assets of approximately US$5.7 million and successful capital raisings during the period. At the same time, GEO continues to pursue a farm-out agreement for its Namibian petroleum licence while maintaining a disciplined capital allocation strategy aimed at maximising shareholder value.
More about GEO Exploration Limited
GEO Exploration Limited is a mineral and energy exploration company focused on building a diversified portfolio spanning Western Australian gold projects and an offshore petroleum licence in Namibia. Its key assets include the Juno and Gorge gold projects within the Capricorn Orogen, as well as a 78% operated interest in Petroleum Exploration Licence 0094 in the Walvis Basin, targeting opportunities in both precious metals and hydrocarbons.
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