GEO Exploration Limited (LSE:GEO) has secured full ownership of the Gorge Project, a gold exploration licence located in Western Australia, through its subsidiary Gorge Gold Pty Ltd. The A$500,000 transaction, structured as a combination of cash and shares, targets the development of large-scale gold resources in an area with a strong history of gold mineralisation.
This acquisition broadens GEO’s exploration footprint and adds a high-potential asset to its pipeline. Initial fieldwork and exploration are scheduled to begin within the current quarter, marking the next step in the company’s growth strategy. By adding the Gorge Project to its existing portfolio, GEO aims to position itself for potential breakthrough discoveries in one of the world’s most prolific gold-producing regions.
Company Overview
GEO Exploration Limited is an exploration-focused mining company with a strategic emphasis on gold. Its business model centres on acquiring and developing high-potential mineral projects in proven gold districts, with the goal of building a diversified and discovery-driven portfolio.
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