RE: Rig news soon?7 May 2026 09:07
With the Central deal now dead, the only things GEX should be funding are Aztech and per another RNA update..........
The Company is working with another mineral explorer in the district to share the costs of equipment, crew mobilisation and demobilisation
for repair of the access roads and airstrip.
Further images will be provided and posted on the Georgina Website for shareholders to view.
The Company's technical consultants, Aztech Well Construction, have issued additional RFQs in support of the planned drilling programme including for casing, wellhead, and service company support for electric logging, casing running and cementing, drilling fluid engineering, wellsite geology, mudlogging and gas sampling/laboratory analysis services.
The drilling and completion programme, site infrastructure, airstrip and access route civil works, which includes the water well drilling required to develop Hussar into a producing asset, will be funded solely by Harlequin Energy and their partners in a structured Offtake funding arrangement that is non-dilutive for Georgina shareholders. Civic engineering for access and site works are anticipated to commence in late Q1 or Q2, 2026, with drill testing expected in Q3 2026.