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Global Petroleum ( (GB:GEO) ) has provided an announcement.
GEO Exploration Limited has announced the successful completion of its first drill hole, JUD001, at the Juno Project in Western Australia, reaching a depth of 810 meters and intersecting all targeted rock sequences. The company has moved its drilling equipment to a second location to commence drill hole JUD002, with assay results from JUD001 expected by the end of 2025. The Juno Project represents a significant opportunity for GEO as it is one of the first modern explorations in this underexplored region, potentially leading to a district-scale discovery. This milestone marks a key step in GEO’s systematic exploration approach, aiming to build a comprehensive understanding of the area’s potential and create long-term value for its shareholders.
More about Global Petroleum
GEO Exploration Limited operates in the mineral exploration industry, focusing on the discovery and development of mineral resources. The company is engaged in the exploration of greenfield sites, with a particular emphasis on underexplored regions that have the potential for district-scale discoveries.
Average Trading Volume: 92,586,056
Technical Sentiment Signal: Buy
Current Market Cap: £17.89M
For a thorough assessment of GEO stock, go to TipRanks’ Stock Analysis page.