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Galileo has received full assay results from the Phase 1, 10-hole diamond drill programme at the company’s Kamativi lithium-tin project in Zimbabwe. The results confirm earlier in-country assays and include a zone of 4m at 1.03% Li2O from 35m depth. As ever, Galileo’s project portfolio is vast and rather complex at first glance but at a market cap of £11m the company provides good exposure to African discovery upside and potential value accretion.
Galileo Resources Plc
Galileo is pushing ahead with an exciting exploration programme in the Kalahari Copper Belt (KCB) in Botswana. We view the KCB as one of the largest and most promising underexplored copper belts in the world, one which is starting to be unlocked by advances in geophysics. The KCB already hosts world-class copper-silver deposits and Galileo’s licences are strategically positioned in key parts of the belt along trend from major discoveries.
Altus Strategies* (ALS LN) – New prospect identified at Diba, Mali | BHP (BHP LN) – Q3 operations update highlights the impact of Cyclone Veronica and focus on copper exploration | Canyon Resources (CAY AU) – Drilling at Minim Martap returns wide >50%Al2O3 low silica intersections | Altus Strategies* (ALS LN) is set to receive 30m shares in CAY | Galileo Resources (GLR LN) – Raising £500,000 to advance Star Zinc | KEFI Minerals* (KEFI LN) – Q1 update (replacement announcement) | Infinity Lithium (INF AU) – San Jose lithium hydroxide PFS update
GLR KEFI ALTS BHP
Altus Strategies* (ALS LN) – Exploration update on Daro project in Ethiopia | Galileo Resources (GLR LN) – Second drilling programme underway at Star Zinc | BMR Group* holds 15% of Star Zinc. Galileo Resources hold 85% | KEFI Minerals* (KEFI LN) – Tulu Kapi progress report | Keras Resources* (KRS LN) – Geochemical results from Warrawoona | Scotgold Resources* (SGZ LN) – Scotgold advances permits towards Decision Notice for end-September
GLR KEFI KRS SGZ ALTS
Galileo Resources (GLR LN) | Griffin Mining (GFM LN) | Highfield Resources (HFR AU) | Kefi Minerals* (KEFI LN) | Richland Resources (RLD LN) | Rockwell Diamonds (RDI CN)
GLR GFM HFR LEX RDI KEFI
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