RE: All obligations & approvals complete for final drill approval ✅22 Oct 2025 14:29
Once approval is approved the offtake will take care of the costs.
"Georgina now has two off-take agreements in place, which provide a clear step towards commercialisation of the Company's assets and further support of its wellhead sales strategy. With the imminent granting of the Hussar drilling permit and the completion of the 100% acquisition of the Mt Winter project, the Company is in a strong position for future growth."
Fundraising already done - 1 Million raised
The net proceeds of the Placing will primarily be to advance the ongoing work programmes in relation to Hussar and Mt Winter and for general working capital purposes.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"This fundraise strengthens our balance sheet and ensures we have the resources to progress key workstreams at Hussar and Mt Winter. With significant preparatory work already underway, drilling approval for Hussar expected, and the ALRA agreement for Mt Winter advancing, we are well positioned to deliver value for our shareholders."