Geo Exploration (GEO) H1 2026 earnings summary

Executive summary

• Advanced exploration across Western Australian gold projects and Namibian offshore licence PEL 0094, including maiden drilling at Juno and acquisition of the Gorge Project.

• Juno Project drilling intersected low-tenor gold, copper, silver, and zinc, indicating a mineralised system and providing valuable geological insight for future targeting.

• Completed acquisition of the Gorge Project, expanding gold exploration footprint with historic high-grade results and widespread mineralisation.

• Continued technical evaluation and farm-out discussions for Namibian PEL 0094, with increased industry interest.

• Board remains focused on disciplined capital allocation and value-accretive transactions.

Financial highlights

• Loss after tax for the half-year: USD $1,582,701 (vs. USD $543,290 for the prior period).

• Cash and cash equivalents: USD $2,040,452 at 31 December 2025 (vs. USD $1,072,198 at 30 June 2025).

• Net assets: approximately USD $5.7 million at 31 December 2025.

• Successful capital raises totaling £1,109,000 and £1,250,000 during the half-year.

• Basic and diluted loss per share: (0.0367) cents (vs. (0.0162) cents prior period).

Outlook and guidance

• Further geological interpretation and targeted drilling planned at Juno Project in 2026.

• Systematic exploration to commence at Gorge Project, including geophysical and geochemical surveys, with initial drilling targeted for 2026.

• Ongoing farm-out discussions for Namibian PEL 0094, aiming to secure a partner for next-stage exploration.

• Continued focus on disciplined capital allocation and portfolio optimisation.