Grouting materials require not only high ultra-early-stage strength of the stone body, but also proper working performances, such as high fluidity and fast setting time, as well as good stability. Compared with the traditional pure cement grout, geopolymer grouting material has the advantages of fast setting time, high fluidity, good slurry stability, and high early strength of the slurry stone body, which is beneficial to reuse solid waste resources and can be applied to the conditions of rapid construction or repair work to a certain extent. This paper presents an experimental investigation into the performance variation of geopolymer grouting material with varied mass fractions of raw materials, and the grouting performance of geopolymer material with optimal mix proportion is also presented. The study is implemented by employing the designed experimental schemes, focused on fluidity and setting times, as well as ultra-early-stage (4 h, 8 h, 12 h, 16 h, 20 h, and 24 h) mechanical strength. The experimental result demonstrates that both ground granulated blast-furnace slag (GGBS) content and the mass ratio of activator solution to solid have influence on the working performance of geopolymers, and both GGBS content and activator concentration have influence on the mechanical strength of geopolymers. Furthermore, the variance analysis demonstrates that the fluidity of geopolymer material is dominantly affected by the mass ratio of activator solution to solid, the setting time of geopolymer material is mainly influenced by GGBS content, and the mechanical strength of geopolymer material is mainly affected by activator concentration. Moreover, the recommended mix proportion of geopolymer grouting material is proposed in this study, in which the replacement rate of GGBS is 45%; the modulus and concentration of modified sodium silicate activator are 1.5 and 75%, respectively; and the mass ratio of activator solution to solid is 1.5. In the recommended mix proportion, the geopolymer material has excellent comprehensive performance to implement grouting operation, in which the compressive and tensile strengths of the stone body reach 12.2 MPa and 0.8 MPa in 4 h, and reach 21.2 MPa and 2.1 MPa in 24 h. The fluidity is 223 mm, the initial setting and final setting times are 50 min and 57 min, the slurry stability of geopolymer material is good without liquid precipitation, in which the setting time is far less than 2 h. This work provides the experimental foundations for investigating the performance of geopolymer grouting material, which is also expected to provide reference for the further application and promotion of geopolymer materials used for grouting operations in rapid construction or repair work.