Galileo Resources

Galileo Resources recorded a loss of £644,766 for the six months ended 30 September 2025, after a prior‑year profit of £2,172,112 that arose from the sale of the Glenover interest. Operationally the company highlighted progress: Luansobe in Zambia holds two ten‑year small‑scale mining licences with inferred resources, and a conditional cooperation was agreed for the Molefe project with Jubilee Metals under which Galileo will fund $700,000 of exploration and receive a 23.75% project interest. Galileo also completed the phase‑1 programme at the Ferber copper‑gold project in Nevada and continues to expand its project pipeline in Africa and Zimbabwe. » Więcej na de.investing.com

Galileo Resources secured two ten-year small-scale mining licences for the Luansobe project containing around 153,000 tonnes of contained copper (JORC-derived resources: 5.8 Mt at 1% Cu near surface; 6.3 Mt at 1.2% Cu underground). The company completed sensitivity analyses for open-pit mining and is in advanced partnership talks, intending to prioritise open-pit mining in the short term while preserving underground potential. At Shinganda, completed drilling phases point to a possible large IOCG system and the oxide copper-gold mineralisation has been expanded to 150 m x 350 m. Other activities include initial drilling in the Western Foreland, a licence for Kashitu (zinc-willemite potential), drilling progress in the Kalahari copper belt, and a royalty agreement for the Ferber project in Nevada; completion payments from the sale of Glenover were confirmed. » Więcej na de.investing.com