Mining, Minerals & Metals PLC (LON:GEX) Completion of Acquisition of Georgina Energy plc – Share Talk

Expanded share capital admitted to trading on the London Stock Exchange

Mining Minerals & Metals plc is pleased to announce the completion of the acquisition of Georgina Energy Plc (“Georgina”) and the admission of the increased share capital of 90,088,396 ordinary shares of 5 pence each (“Ordinary Shares”) at an issue price of 12.5 pence each (“Issue Price”) to trading on the Official List and the London Stock Exchange from 8:00 am on 30 July (“Admission”) under the name “Georgina Energy Plc”, which will become effective once processed by Companies House and the TIDM code “GEX”.

Tavira Financial Ltd is acting as financial adviser and joint broker to the Company, together with Oak Securities (a trading name of Merlin Partners LLP), who is acting as joint broker to the Company.

Admission highlights

· Successful fundraising of £5.0 million (before costs) through the issue of 40,000,000 ordinary shares at the issue price

· Upon admission and based on the issue price, the Company will have a market capitalisation of approximately £11.2 million.

· Georgina is an early stage well redevelopment company with a strategy to actively explore, commercially develop and monetize helium, hydrogen and hydrocarbon interests in Australia.

· The Council believes there is a clear and realistic path to production, with drilling expected to commence in the fourth quarter of 2024.

https://www.youtube.com/watch?v=-__GVIReOF4

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

“We are delighted to have successfully delivered Georgina Energy onto the Main Market of the London Stock Exchange, raising £5.0 million in the process. The company continues to progress highly opportunistic and low-risk projects in Australia and, following listing, favourable market conditions provide an exciting outlook for a class-leading hydrogen and helium production business with a strong global presence.

We believe that Georgina Energy has the potential to become a leading player in the energy market and we are incredibly excited about the future of the business. I would like to thank everyone who has been involved to date and look forward to continuing to work with all our stakeholders as we embark on this exciting journey.”

About Georgina Energy

Significant gas potential

Georgina owns 100% of the working interest in the Hussar Prospect and has the right to acquire a 75% interest in the Mount Winter Prospect (with the potential to reach 90%), which covers 3,951 km² and spans the two project areas in Western Australia, a proven region with significant gas potential.

Hussar perspective

The Hussar Prospect hosts de-risked 2U Prospective (Recoverable) Resources of approximately 155 BCFG (155 million MCF) of helium and approximately 173 BCFG (173 million MCF) of hydrogen, and approximately 1.75 TCFGE of hydrocarbons.

Hussar is considered by independent consultants to be one of the most lucrative resource areas in the Asia-Pacific region due to its significant potential for helium, hydrogen, oil and natural gas.

Subject to permitting and processing of additional seismic and AEM-PTP surveys, Georgina expects to re-enter and deepen Hussar in 2024.

Mountain Winter Prospect

The Mount Winter Prospect hosts de-risked 2U Prospective (Recoverable) Resources of approximately 148 BCFG (148 million MCF) of helium and approximately 135 BCFG (135 million MCF) of hydrogen, and approximately 1.22 TCFGE (Trillion Cubic Feet Equivalent) of hydrocarbons.

The Mt Winter-1 well was drilled in 1982 to a depth of 2,650 m TD, but did not penetrate the subsalt Heavitree Formation hydrogen, helium and natural gas reservoir target, but achieved TD in salt just above. All 3 previously drilled wells penetrated the Heavitree and encountered high concentrations of helium (up to 9%) and hydrogen (up to 11%).

Georgina has an initial program to conduct the seismic survey and then re-enter the existing well to develop the gases.

Highly experienced management team

The Board comprises experienced professionals in the oil and gas exploration sector with technical capability and an expert understanding of development and sales. Anthony Hamilton (Chief Executive Officer) has over 35 years of extensive experience in mining, oil and gas and exploration and production. Mark Wallace (Chief Finance Officer) has over 25 years of experience in the global financial markets. John Heugh (Executive Technical Director) has over 50 years of experience and was the founder and director of ASX listed Central Petroleum Ltd. Roy Pitchford (Non-Executive Director) brings over 30 years of executive and management expertise from his career in resource development.

Differentiated and low risk

Georgina operates a low-risk strategy and a differentiated approach and is already well advanced in its exploration activities in relation to its UK peer group, as it is essentially a well redeveloping company. Proven gas is flowing from the originally drilled wells, the infrastructure for the projects is in place and there is an established supply chain. Both target locations have been drilled previously and road access remains usable. Georgina intends to supply from the wellhead under off-take agreements to reduce infrastructure costs. Given its established infrastructure and reliable supply chain, the Board and management team aim to establish Georgina as a leading global producer of helium and hydrogen.

Dynamics of the Helium Market

Georgina offers investors the opportunity to benefit from the dynamics of supply and demand. There is a global shortage of helium and significant increases in demand, including use from space launches, have led to further price increases.

Name change

The change of the company’s name to “Georgina Energy Plc” will take place once Companies House has issued a new certificate of incorporation incorporating the name change. The name change is expected to take effect shortly and the company will make a further announcement following the completion of the name change.

The company’s website is www.Georginaenergy.com

Total voting rights and change of ISIN

Following Admission, the Company will have 90,088,396 Ordinary Shares in issue. In accordance with the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that the Company’s expanded issued ordinary share capital following admission will comprise 90,088,396 ordinary shares. The Company does not hold any ordinary shares in treasury. Therefore, the above figure may be used by shareholders in the Company following admission as the denominator for calculations to determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

The company’s ISIN has been changed to GB00BSMN5L80 and the previous ISIN GB00BF7L9148 have expired following the share consolidation that became effective upon Admission.

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To ask

Georgina Energy

Tony Hamilton	via Camarco
Mark Wallace