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Mickey - I have posted a whole load of forward looking scenarios on the TG group - too much to try and even start replicating here

Great post Mickey, for people to reflect on over the weekend

And MCAP sub £20M currently.......

Hi Cybertron - it will certainly capture the markets attention if we get commercial grades - thats for sure - and keep in mind the district scale that is been mentioned as a possibility - that was not on the cards with Haverion in the early days, but we have seen the potential with WSBN being on the doorstep - GEO was incredibly quick to ring fence what is hopefully the jewel in the crown, with potentially 7 other precious stones of varying sizes.....the potential is outstanding and clearly what Callum has envisioned.

Watching this with interest - the last time we had a flurry like this it was the prelude to an RNS..... or maybe it is a case of money flowing into here from other rises - time will tell.

Ha ha - its up to the herd to wake up to the potential and understand the science (assays) that already exist....

The difference between GEO and WSBN MCAP is purely narrative lead rather than data lead at the moment. I have made the point that scientifically we know more about the Juno project at the moment because we have the benefit of historic assay results from DH1 - the very reason why Callum Baxter acquired the licence in the first place - the pathfinder element results are there for all to see in public files.

If you consider Hamza is an accountant by trade - he will have been trained to be cautious and methodical - exactly the same way that Callum operates as a scientist. So market sentiment is higher with WSBN at the moment because of the narrative and being close to Haverion - the nearology factor.

It's that simple.

Guys - you do realise that we actually know more already with DH1 than WSBN know at this stage?? You need to actually understand what their RNS is saying...

Reality versus hype: HD-1 was drilled back in 1995 and never put out in an RNS — the data only sits in WA government files. Unlike Wishbone’s Red Setter holes, which show sulphide breccia that can be photographed and called “mineralisation,” HD-1 didn’t have that kind of flashy visual.

Instead, its strength is the multi-element geochem signature that strengthens with depth. The catch is that terms like breccia and mineralisation grab investor attention because they sound tangible and exciting, even though geochemistry is often the stronger scientific signal of a fertile gold system.

They have encountered visual mineralisation. We can't look back at the DH1 cores to see what they 'looked like' - but we already have the assay results to know that they contain the pathfinder elements.

I wish WSBN well - but scientifically we are already ahead at this moment in time. The forthcoming assays will give a real comparison of course.

Final bit of context - For HD-1, only 9 intervals were actually fire assayed for gold.

• Depth range covered: 40.5–339.9 m

• Total length tested: ~19 m

Callum then took the licence 13/6/22....

Morning - I continued to research this morning and found some additional info in the files which is important - HD-1 was susequently partly fire assayed for gold by ALS (Perth & Vancouver) in late 2021, using the PGM-MS23 method. Those assays covered ~40–340 m of the hole — and all results came back at background levels (≤0.001 g/t).

The important bit is that the bottom half of the hole (340–616 m) was never fire assayed. And that’s exactly where the pathfinder elements — arsenic, antimony, bismuth, tellurium, molybdenum/tungsten, mercury, thallium, plus sulphur/iron alteration — actually become stronger with depth.

So HD-1, drilled back in 1995 and later re-sampled in 2021, stopped at 616 m while still inside the anomalous pathfinder halo — it never drilled out of the system. That means the part most likely to host a gold core is the bit that hasn’t been tested yet.

💡 In simple terms: the upper section was fire assayed for Au but only returned background levels, while the deeper section — where pathfinder elements are most intense — was never assayed for gold at all. If gold is present, that’s the most likely place.

The other point to pull out is that there is a possibility that if we find gold, then it might be a lot shallower than Haverion. We might have a clue in that our first drill stopped at 810m and didn’t go deeper.

Even though gold wasn’t assayed, HD-1 shows a continuous halo of gold-pathfinder elements (arsenic, antimony, bismuth, tellurium, mercury, thallium, plus copper, lead, zinc and silver) from about 43 m right down to 616 m (end-of-hole).

That means the hole stayed in an anomalous geochemical zone for virtually its entire length. This is exactly what you’d expect if drilling clipped the outer shell of a gold system inside the Juno licence.

So while no gold numbers are in the file, the chemistry strongly suggests that gold could already be present in the core — or that the main ore zone lies just below where drilling stopped.

Why it could be a big gold dome

• Multi-element halo: HD-1 has the full suite of pathfinder elements (As, Sb, Bi, Te, Mo/W, Hg/Tl) through ~600 m of core. That’s not a small “spike”; it’s a continuous shell — what you’d expect around a big mineralised intrusion.

• Alteration overprints: The chemistry also shows changes in rock composition (iron oxides, potash, sodium, calcium) that map out a large-scale hydrothermal system. This is like seeing the “heat halo” around a buried dome.

• End-of-hole still anomalous: The hole never exited the system — it was still running hot at 616 m, which implies the centre (the “engine” of the dome) is deeper or offset.

⸻

How big could it be?

• In known IRGS camps (like Fort Knox in Alaska or Kidston in Queensland), the gold orebody sits inside or around a felsic intrusive dome, and the pathfinders form a carapace above/around it.

• The size of the halo in HD-1 (over half a kilometre thick) is in line with large intrusive systems. That doesn’t guarantee a gold deposit — but it says the plumbing system is the right scale for one.

⸻

What it means for Juno

• HD-1 may well have clipped the outer flanks of a large dome-like intrusive.

• The gold itself could be in the dome’s core or in structurally trapped zones around its margins.

• If that’s the case, then yes — you could be looking at a big gold dome system sitting under Juno.

I’m currently working on some data from the old drill assays - HD1 that was drilled to 616m - here’s the thing - they never assayed it for gold!

I have taken all the assays they did (all there in about 35 files ) and stuck them all into GPT5 and asked it to identify gold pathfinder elements…. this is what it came back with…

Haha - no Mickey - I am very very invested on all levels here - but I also try and have some fun on the journey as well :-)

I have those GGP feelings!!!! Deja vu....

Lsetown - funny you should ask - hypothetical numbers based on POG and future share numbers - shows why people should not be alarmed wit fund raising and dilution

Implied GEO value per share (pence)

POG ($/oz) 6bn shrs 7bn 8bn 9bn 10bn

2,400 2.43p 2.08p 1.82p 1.62p 1.46p

3,000 17.01p 14.58p 12.76p 11.34p 10.21p

3,500 29.17p 25.00p 21.87p 19.44p 17.50p

4,000 41.32p 35.42p 30.99p 27.55p. 24.79p

Santiago - you might want to revisit your decimal point but I think you are onto something ...

Valid question and concern lsetown - but if the resource is of the magnitude of 10Moz and POG was $3500 with AISC $1800 and $2.5B allocated to Capex including all power and infrastructure, GPT5 is creating a scenario of GEO's discounted value at £2.75Bn. You can pick the figures apart and the whatifs, but the takeaway is, if POG remains around this level (or increases) then the capex for creating a Telfer processing plant equivalent. is more than commercially justifiable. Huge numbers I know but IF we have a district scale discover, the numbers stack up.

Long and short of it - GGP will have the money, if GEO can come up with the resource, according to GPT5. You can run various scenarios as to how this ends - I ended with GEO holding on to 35% and the indicative Market Cap was well north of Omar's target of £1B - all hypothetical but a very interesting exercise to play out with AI.

That's great potential future scenario for GPT5 to analyse ...