Galileo Resources (LON:GLR) has agreed a second extension to the deal to sell its stake in the Glenover phosphate project to joint-venture partner Fer-Min-Ore.
The US$4mln deal will now be completed before February 28 next year.
The terms of the deal – first outlined in January and reiterated in May – remain the same.
Resource development company Galileo owns just under 34% of the project, which is sited in South Africa’s Limpopo Province.