Geo Exploration (GEO) H2 2026 earnings summary

Executive summary

• FY26 remained pre-revenue, with exploration focused increasingly on Western Australian gold assets, especially Gorge; Namibia’s PEL 0094 remains a farm-out opportunity.

• Gorge’s modern surveys and geochemistry expanded and strengthened its target pipeline ahead of proposed maiden drilling; Juno’s maiden drilling provided geological information but returned low-tenor mineralisation.

Financial highlights

• FY26 loss after tax was US$3.565m vs US$1.094m in FY25; operating loss was US$3.578m vs US$1.112m.

• Operating cash outflow was US$2.260m vs US$1.208m in FY25; cash at year-end was US$277,882 vs US$1.072m.

• Total assets were US$5.662m, including US$4.950m in exploration and evaluation assets; net assets were US$4.877m.

• Basic and diluted loss per share was 0.07 cents vs 0.03 cents in FY25.

Outlook and guidance

• An expanded Gorge programme covers 1,188 soil sample sites across the ~5 km mineralised corridor, with mapping and sampling to refine targets ahead of proposed maiden drilling.

• Diamond drilling at Gorge and Juno is planned for H1 2027, subject to operational arrangements and regulatory approvals; WA grants will support the programmes.

• Juno follow-up work includes a 3D geological model and further geochemical studies to refine targets; future drilling may test other areas of the large geophysical system.

• PEL 0094 strategy is to secure a farm-out partner to fund and lead future work while retaining meaningful exposure to potential upside.