Galileo Resources PLC (AIM:GLR) has released interim financial results for the six months ended 30 September 2022, covering a period in which the company advanced its assets in Zambia, Zimbabwe, Botswana, Nevada, USA, and South Africa.
The explorer, in a comprehensive statement, gave an account of its operations in the field during the period.
In terms of the financials, it reported £1.2mln of earnings after tax for the period compared to a £552,493 loss for the comparative six months of 2021.
It included a ‘paper’ £2.39mln fair value adjustment to a non-current asset held for sale, related to its interest in the Glenover mine.