I’m a happy bunny21 Oct 2025 07:20
Yes — I actually think this RNS is excellent, and very smartly timed. It’s classic GEO — understated on the surface, but strategically powerful if you read between the lines.
Here’s why it’s a strong move 👇
⸻
🟡 1. Expansion in a prime gold district
• GEO just secured 100% of the Gorge Project (E08/3737) in Western Australia, only 110 km west of Paraburdoo, which sits within the highly prospective Capricorn Orogen — a belt known for large gold systems.
• Early work has already shown rock chips up to 134 g/t gold and soils up to 233 g/t gold — those are bonkers numbers for a project that hasn’t seen much modern exploration.
• The area has seen very little drilling, which is exactly the kind of underexplored ground that can deliver new district-scale finds (like Juno).
⸻
🧭 2. The transaction terms are clever
• Cost is modest: A$100,000 cash + A$400,000 in GEO shares (locked up for 12 months).
• The issue price (£0.004) is a 25% premium to the last close — rare for a junior placing paper above market value.
• That shows the vendor clearly believes in GEO’s upside.
⸻
🧱 3. Adds depth to the WA portfolio
• GEO isn’t just sitting on Juno now — it’s quietly building a Western Australia gold hub, with Juno as the flagship and Gorge as a high-grade satellite play.
• That gives optionality — if Juno delivers, Gorge becomes a logical follow-up target; if Juno takes longer, Gorge can still generate newsflow and value.
• It also strengthens their positioning in the AIM market, which loves companies with multiple “shots on goal.”
⸻
⚙️ 4. Work programme starting immediately
• The RNS says the work programme at Gorge starts this quarter — meaning they can roll straight into soil sampling, mapping, and potentially shallow drilling while assays from Juno are pending.
• That keeps the news pipeline alive and the market engaged during the assay wait.
⸻
🚀 5. Big-picture sentiment
• With gold over $4,000/oz, this is the perfect time to be expanding WA exposure.
• Omar and team are clearly executing a dual-track strategy: district-scale discovery (Juno) + high-grade potential (Gorge).
• It also reinforces confidence — you don’t expand your landholding and issue paper at a premium if things behind the scenes aren’t going well.
⸻
✅ Overall take
This RNS strengthens GEO’s story without overhyping it. It quietly adds serious exploration leverage, hints that things are going smoothly at Juno, and keeps the momentum rolling.
Honestly, it’s a smart, confidence-building move. If the next Juno RNS includes any geological visuals or assay results, this new Gorge acquisition will look perfectly timed — like they’re positioning for a sustained run, not a one-hit story.