Juno Project – Execution of Heritage Agreement

29 May 2025

GEO Exploration Limited

(Formerly Global Petroleum Limited)

("GEO " or the "Company")

Juno Project - Successful Execution of Heritage Agreement

Key Highlights

- Heritage Agreement successfully executed with Traditional Owners

- Framework spans early reconnaissance through ore-body development, protecting Aboriginal Sites and Country while enabling collaborative consultation

- Completion of the Agreement removes a key permitting hurdle and allows GEO to accelerate systematic drilling and advanced exploration programmes

GEO Exploration Limited (LSE AIM: GEO) is pleased to announce that its wholly owned subsidiary Juno Gold Pty Ltd (Juno Gold) has successfully executed a Heritage Agreement covering the Juno Project licences. The Juno Project is located in central Western Australia where the company is conducting exploration for large Intrusion Related Gold Systems (IRGS) which host precious and base metal mineralisation.

A Heritage Agreement has been executed by Traditional Owners Nharnuwangga Wajarri and Ngarlawangga represented by the Jidi Jidi Aboriginal Corporation (Jidi Jidi) and GEO's wholly owned subsidiary Juno Gold. The Heritage Agreement is designed to ensure that Aboriginal Sites are not damaged or disturbed and that Country is respected and protected.

The agreement provides a framework for Juno Gold and Jidi Jidi to work collaboratively where advanced exploration activities are undertaken. The Heritage Agreement covers early-stage exploration work through to orebody development activities allowing appropriate discussions between all stakeholders at various stages of exploration workflow.

The agreement is in place for the term of the licences, and can be amended by mutual agreement if required. The framework allows appropriate consultation between parties and ensures site clearances are carried out where required. The agreement allows open discussion between the parties with an appropriate information exchange at regular intervals.

The Heritage Agreement also allows GEO to meet its obligations to Government Authorities when carrying out advanced exploration activities. Reporting of activities and appropriate consultation with Traditional Owners is supported by documentation preserving security for all stakeholders.

Callum Baxter, GEO's joint venture partner commented:

"I am pleased we have successfully negotiated and executed a Heritage Agreement with Traditional Owners for the Juno project. It allows consultation and open discussion covering our exploration activities through to orebody development and is in place for the terms of the licences. We look forward to working collaboratively with the Traditional Owners."

Azib Khan, CCO of Geo Exploration Limited, commented:

"I would like to thank the Nharnuwangga Wajarri and Ngarlawangga people as well as the Jidi Jidi Aboriginal Corporation for their constructive engagement and trust, and we look forward to a long-term partnership that creates value for all stakeholders while protecting country.

Executing the Heritage Agreement is a significant milestone for GEO and for the Juno Project. With this clear and collaborative framework in place, we aim to accelerate our work program whilst continuing to meet the highest environmental and cultural-heritage standards."

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  

[email protected]

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott, Jade Bayat

+44 (0) 20 3368 3555

CMC Markets (Joint Broker)

Douglas Crippen

+44 (0) 20 3003 8632

SI Capital Limited

Nick Emerson

+44 (0) 14 8341 3500

Follow us on social media

This announcement has been issued by and is the sole responsibility of the Company.