Member Info for Thenorseman

Tx for your excellent post for context SunkenSailor.

Onwards and upwards towards drilling in September. We will hopefully be at double todays share price by then and maybe a lot more given the size of the possible rewards if we strike gold and copper!!

GLA

N

Espen

So from 0.18p to 37p?

N

The Havieron target was first recognised and drilled by Newcrest Exploration between 1991 and 2003 with most holes displaying alteration and low grade anomalous gold and copper mineralisation. Following re-evaluation of geophysical datasets Greatland’s first hole in 2018, HAD001, intersected 121 m @ 2.9g/t gold and 0.23% copper from 497 m down hole. Other follow-up holes in 2018 were also supportive including HAD005 with two zones of mineralisation; upper of 103 m at 3.5g/t gold and 0.93% copper from 459 m, and a lower zone of 128 m at 7.4g/t gold and 0.54% copper from 680 m.

https://www. tandfonline.com/doi/full/10.1080/14432471.2022.2103941#d1e89

Agree with you 100% Cyber

N

?

Https://www. .tandfonline.com/doi/full/10.1080/14432471.2022.2103941#d1e89

NAMCOR already got 17% of our licence so already more than the 15% they ideally want in general for new licences going forward:)

Let’s hope news soon on licence renewal

N

——-

Participating Interests in PEL94

Global is the operator of the licence and the participating interests are:

78%

Global Petroleum Namibia Limited (100% owned subsidiary of Global Petroleum Limited)

17%

National Petroleum Corporation of Namibia (Proprietary) Limited ("NAMCOR")

5%

Aloe Investments Two Hundred and Two (Pty) Ltd ("Aloe", a private Namibian company).

———

https://www.londonstockexchange.com/news-article/GEO/namibia-licence-update/16081349

Hi Jersey….link expired. Could you post another?

N

With details?

«Reitan said he remembered at the time of Equinor’s IPO in 2001 that investors were concerned the Norwegian continental shelf was declining.

“And here we are after 25 years, producing more than in 2001, and actually looking at the production in 2035 on the same level. It's a remarkable story of a basin that has kept on giving,” he said.»

https://www.upstreamonline.com/field-development/equinor-happy-in-its-own-backyard-in-the-basin-that-keeps-on-giving-/2-1-1849477

So next RNS we need to look for the word «massive»!

The term "massive sulphides" in the context of geology does not refer to the physical size of the deposits but instead describes their mineral composition and concentration. In these deposits, over 90% of the material consists of sulphide minerals, creating a highly concentrated assemblage of valuable metals like nickel, copper, zinc, lead, gold, and silver, it should be noted that not all massive sulphides have valuable metals they can consist of barren minerals like Pyrite, often referred to as "fool's gold," and pyrrhotite, an iron sulphide. This high concentration of sulphides is a key feature distinguishing them from disseminated sulphide deposits, where the sulphide minerals are more sparsely scattered throughout the host rock. Therefore, the term "massive" in massive sulphide deposits is indicative of the density and abundance of sulphide minerals rather than the overall size of the deposit itself. Contrary to its name, massive sulphide bodies are generally quite small, making them very difficult to find, however, they have high concentrations of minerals when found (assuming they are mineralised with valuable sulphides nickel, copper, zinc, lead, gold, and silver.

Last RNS: «GEO Exploration Limited (LSE AIM: GEO) is pleased to announce that its wholly owned

subsidiary Juno Gold Pty Ltd (Juno Gold) has commenced ground based Electrical Geophysical

programmes at the Juno Project. The Juno Project is located in central Western Australia where

the company is conducting exploration for large Intrusion Related Gold Systems (IRGS) which

host precious and base metal mineralisation.

The Electrical Geophysical programmes comprise Induced Polarisation (IP) and

Electromagnetics (EM) and will be carried out over the northern parts of the project area.

Dipole Dipole IP will be carried out to detect subsurface electrically chargeable and electrically

resistive bodies at depth. IRGS type mineralisation can demonstrate a chargeable or resistive

response relative to host rock and IP can be used as a direct detection method enabling more

robust drill targeting.

The Company will also complete a programme of moving loop EM at the Juno project. EM will

commence following completion of IP. The EM method allows detection of electrically

conductive bodies at depth and provides for spatial modelling of the location of those bodies.

Comparison of IP and EM models allows characterisation of the potential mineralisation type,

for example disseminated sulphide mineralisation versus MASSIVE sulphide mineralisation.»

———-

From AI»

Massive Sulphide Mineralization:

Definition: Sulphide minerals occur in a massive or semi-massive form, sometimes comprising the majority of the rock volume.

Concentration: High, often forming discrete layers, lenses, or bodies.

Occurrence: Frequently associated with volcanic and volcaniclastic sequences, particularly in submarine hydrothermal vent systems (volcanogenic massive sulfides or VMS deposits).

Examples: VMS deposits, seafloor massive sulfides (SMS), and massive sulphide veins.

Economic Significance: Often represents high-grade ore deposits, especially in VMS systems where copper, zinc, lead, and other metals can be concentrated.

Looking at the chart to me it looks like there are not much share price resistance until 0.33p so should hopefully get close to this price soon.

There was a video by chartist a few moths back saying the next leg up could see .5ish if I remember correctly. Would be nice if he would do an update.

N

Member Since

18th Jun 2025!!!

Silver I agree with discount.

Normally this would be 67% so 0.43p should be an absolute minimum share price TODAY (although market decides as always).

N

Initial Valuation (googleAI):

Havieron's initial valuation was based on a pre-feasibility study (PFS) and stood at $228 million.

Increased Value:

An updated mineral resource and ore reserve estimate in March 2022 led to a substantial increase in NPV, with the project valued at $1.2 billion (USD).

My thinking:

Let’s say the resource can be conservatively estimated to twice that of Haverion that means $2.4Billion.

Normal for gold exploration is 1% to 5% probability of success so say 2.5%

This equals $60million valuation at the moment ie. £44million. Add Namibia license similar to Towers licence selling 5% a while back it comes to around a fair £50 million valuation TODAY for GEO equal to a share price of 1.3p!!

AIMHO. Comments welcome

Kind regards

N

Victor rat I’ll give you data!

Jan16th RNS: “ By comparison, Havieron, a large IRGS gold and copper deposit (+8Moz gold equivalent) located in the north of Western Australia, displays a 1km x 1km (1 sq km) magnetic response with a coincident gravity response peaking at 0.5mgal. The intensity of the gravity response at Juno is more elevated than Havieron, and the footprint of the coincident response at Juno is several times larger which illustrates the significant size of the opportunity at Juno.”

Well the placing to high net worth individuals in January was at 0.225 p. Would think these individuals that haven’t already sold won’t sell now until higher than placement price.

Hopefully we will get back to pre-placement price of low .30s (taking into account new shares).

GLA

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Gary

Agree…the trend is definitely upwards now looking at the share price graph.

Comparing to for example CRCL with a market cap of £20 million we are very cheap, although CRCL are very good promoting themselves (we are definitely NOT).

Omar might be busy with Luno stuff but he really should get some nice updated presentations made and maybe some proper videos with (with our geologist presenting Namibia and Callum Baxter presenting Juno in more technical detail). Then some multimedia exposure (BR Business News etc) would be great.

N