Geo Energy Resources Limited (SGX: RE4) has announced the signing of two non-binding agreements with entities within major Chinese state-owned enterprise groups at the 9th China International Import Expo (CIIE 2026) in Shanghai on 6 November 2026.

The agreements with CCCC First Harbor Engineering Company Ltd., NORINCO International Cooperation Ltd. and CHN Energy International Ltd. aim to explore opportunities in mining expansion, advanced technology, potential strategic investment and coal offtake, supporting the next phase of development of the Group's PT Triaryani (TRA) coal mine in South Sumatera, Indonesia.

Key highlights of the agreements:

• Mining Expansion and Technology Cooperation: A Mining Cooperation Framework Agreement with CCCC First Harbor and NORINCO International will explore mining services, specialised equipment, intelligent mining technology and potential financing arrangements for TRA's northern mining area.

• Indicative Production Capacity Expansion: The framework outlines a preliminary planning objective to progressively increase production capacity in TRA's northern area to approximately 12.5 million tonnes per annum, subject to the necessary approvals and definitive agreements.

• Potential Strategic Investment: A separate Memorandum of Understanding (MOU) with CHN Energy will explore potential strategic investment and cooperation opportunities involving TRA and/or the Group's PT Marga Bara Jaya (MBJ) integrated logistics infrastructure.

• Potential Coal Offtake Arrangement: The MOU also provides a framework to explore a coal offtake arrangement involving up to 2 million tonnes in 2027, subject to further negotiations and mutually agreed commercial terms.

• Building on Operational Milestones: The agreements follow the commencement of operations of the Group's approximately 92-kilometre MBJ hauling road and jetty infrastructure in July 2026, establishing an integrated logistics foundation for TRA's progressive development.

With 314 million tonnes of proved and probable JORC coal reserves at TRA as at 31 December 2025, Geo Energy is exploring opportunities to combine its coal resources and dedicated logistics infrastructure with the engineering, technology and industrial capabilities of established Chinese enterprises.

The agreements represent a potential avenue for the Group to strengthen its integrated mining and logistics platform, enhance operational capabilities and pursue long-term development opportunities.

The agreements are non-binding, and any proposed mining services, investment, financing or coal offtake arrangements remain subject to further negotiations, relevant approvals and the execution of definitive agreements. There is no assurance that the contemplated transactions will proceed.

See link for full announcement: https://geoenergy.listedcompany.com/news.html/id/2632827