Company
Galileo Resources PLC
LON:GLR
Galileo Resources PLC is an opportunity-driven company whose model is to acquire large databases generated by major companies and abandoned for strategic, corporate, technical and other reasons which do not necessarily reflect the potential value of the project. The company has a strong management team who have succeeded in discovering, evaluating and advancing mining projects.
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Galileo Resources identifies drill targets at Shinganda
"We are in a very fertile area and our latest understanding will allow us to direct future drilling programmes to potential best effect.“
Galileo adds to Zambia copper portfolio with new joint venture
"The project is well-positioned in the emerging NW part of Zambia"
Galileo Resources amends terms of Glenover deal
Full completion of the deal is now expected in April next year (2024).
Galileo Resources eyes 600,000 tonnes project at Luansobe after maiden resource
"The results appear to be capable of supporting a 10-year 600,000 tonnes per year project, Colin Bird, Galileo chairman and chief executive said
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Small Cap Feast - Galileo Resources, and more...
8 December 2022*A corporate client of Hybridan LLP** Arranged by most recent first*** Alphabetically arrangedDish of the dayJoiners:No joiners today.Leavers:No leavers today.What’s cooking in the IPO kitchen?**LON:SAVE, the AIM-quoted energ
Galileo keen to get into production at Luansobe after drilling results
These results mark an important step towards a new mineral resource, noted the junior
Galileo Resources highlights exploration potential on multiple nickel and gold targets in Zimbabwe
Five initial priority gold and nickel targets were generated from the recent review of a 1,108 square kilometre airborne geophysical survey over the Bulawayo gold project in Zimbabwe
Galileo announces £5.2mln deal with Afrimat over Glenover shares
The consideration for the sale "will be a welcome addition to the company's treasury in a market which is not currently that favourable for fundraising for exploration companies," said Galileo chairman and CEO Colin Bird
Galileo Resources expects commodity prices to rally
"Against this background we are convinced that our portfolio is very well placed with quality projects in the right arena," the company said in its full-year results statement
Galileo Resources gets nickel 'bonus' from airborne gold study
Three nickel targets with the potential for follow-up have been identified
Galileo Resources identifies multiple gold targets in Zimbabwe
Evidence from the survey ‘certainly points to the possibility of a large gold system discovery’
Galileo Resources to take larger stake in Zimbabwe projects
Following the acquisition, Galileo would hold an 80% interest in BC Ventures
Galileo Resources says drilling to start 'imminently' at Luansobe copper project; shares jump
The Luansobe area is situated about 15km to the northwest of the Mufulira mine which produced more than 9 million tonnes of copper during its operation
Galileo Resources extends exploration programme at Zambia's Shinganda project
“There appear to be a number of structural trends several of which are worthy of follow-up"
Galileo Resources identifies upper mineralised zone at Luansobe copper project from testing historic drill core
“The fact that we can access this old core is extremely cost and time effective, reducing the amount of new drilling that will be required," said chief executive Colin Bird
Galileo Resources starts exploration work at two earn-in projects in Zimbabwe
Galileo has an option to earn an initial 51% interest in the two projects
Galileo Resources agrees price for vermiculite rights at Glenover
JSE-listed Afrimat is in the process of acquiring the whole of Galileo’s stake in Glenover
Galileo Resources to enter Zimbabwe after signing option to earn 51% stake in lithium and gold projects
Galileo has been granted an option to acquire a 51% stake in the Kamativi lithium project and the Bulawayo gold project
Galileo Resources secures initial 75% interest in Luansobe copper project in Zambia
Progress has been made on initial modelling of the deposit using historic drill data
Galileo Resources receives first royalties from Star Zinc
"This marks the start of earnings from the Star Zinc operation, which are progressing and will continue exporting more material"
Galileo Resources kicks off review work at new Zambia project
A drill programme will follow to upgrade the 1974 global resource
Galileo Resources shares surge as it announces option to invest in Zambian copper project
"We are very pleased with the addition of the Luansobe brownfield Project within the Zambian Copperbelt,” said Colin Bird, the chairman and chief executive officer of Galileo.
Galileo Resources to sell interests in Glenover to Afrimat
“The successful completion of this transaction is a good example of how local South African groups can successfully work with an experienced international partner creating value for all parties," said chief executive Colin Bird.
Galileo Resources enters earn-in agreement covering Shinganda copper-gold project in Zambia
Galileo has the right to earn an initial 51% interest in the project in return for spending US$0.5mln on exploration and evaluation over two years
Galileo Resources intercepts visible copper mineralisation on Sandfire licences at KCB project
"Drilling on the Sandfire agreement licences hit mineralisation of a type that can be associated with copper deposits on the KCB,” said Galileo chairman and chief executive Colin Bird
Galileo Resources keen to build up copper portfolio ahead of 'takeover frenzy'
Galileo expects the copper market takeovers to start in 2023
Galileo Resources set to complete licence sale to Sandfire next week
"The completion of this transaction with Sandfire represents a major step forward for Galileo in its Kalahari Copper Belt endeavours,” said chief executive Colin Bird
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Galileo Resources announces amended terms of Kalahari copper belt licence deal with Sandfire Resources
The companies agreed to amend a licence sale agreement announced in January
Galileo Resources plans to raise £2.0mln in placing to help fund development of Kalahari Copper Belt licences
The placing is priced at 1.50p per share, a discount of about 10.7% from the closing share price of 1.68p on May 28
Galileo Resources unveils plans to begin drilling in Kalahari Copper Belt
The company said it has contracted an experienced Botswana drill operator for a minimum of 2,500 metres of diamond drilling in up to ten first priority holes which is due to start this week
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Galileo Resources to sell Star zinc project to local Zambian mining company
Galileo could receive a royalty based on future sales of zinc from the project in return for its exploration data
Galileo Resources encouraged by progress in Botswana
The company’s strategy revolves around acquiring resource projects where early risk has been mitigated while major potential remains to add value to the sites
Galileo Resources not sitting on hands after active half-year
The company this week signed agreements to sell nine of its Kalahari Copper Belt licences to Sandfire Resources for US$3mln
Galileo Resources ties up with Sandfire Resources in Botswana asset deal
"This transaction with Sandfire represents a major step forward for Galileo in its Kalahari Copper Belt endeavours,” said chief executive Colin Bird
Galileo Resources says none of its assets were adversely affected by the coronavirus pandemic
Director and senior management visits were very restricted but Galileo managed to progress all of its obligations and maintain its rights during 2020
Galileo Resources higher as it inks marketing agreement for sale of ore from Star Zinc project
The company said the agreement with Swiss trading firm ZopCo is on a global basis and a number of potential off-take agreements are being finalised.
Galileo Resources issues "very promising" exploration update on its' 100% held property in the emerging Kalahari Copper Belt
The company said a preliminary overview of the results from a Heliborne-EM geophysical surveying shows several highly prospective geological settings for copper-silver mineralisation
Galileo Resources completes acquisition of Botswana exploration project
It lands a highly prospective area in the vicinity of previous discoveries
Galileo Resources announces appointment of Joel Silberstein as its finance director with immediate effect
Colin Bird, the chairman of Galileo commented: "We welcome Joel to the board and are sure that his previous and ongoing experience in the small-cap resource sector will assist us greatly in our ongoing mission"
Galileo Resources updates on project progress
Last month, Galileo started an airborne survey of recently acquired Kalahari Copper Belt project in Botswana.