Galileo Resources appoints Ed Slowey as technical director
"Ed has very broad experience and brings high-quality geological assessment and experience to our team,” said chairman Colin Bird
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 kicks off exploration at Kalahari Copper Belt licences
Through initial exploration the company aims to define drilling opportunities for future phases of work
Galileo Resources announces appointments of two highly experienced and successful Kalahari Copper Belt exploration geologists
Colin Bird, Galileo’s CEO said: “With these additions to the Galileo team we are looking to accelerate the commencement of exploration on these properties within a matter of days"
Galileo Resources raises capital to support exploration plans
It is a boost to the exploration company that last month expanded its footprint in Botswana.
Galileo Resources completes acquisition of Botswana exploration licences
Most of the new licences are located in the Kalahari Copper Belt and accordingly are seen as highly prospective for copper mineralisation
Galileo Resources acquires new copper exploration licences in Botswana
Galileo's chief executive Colin Bird is highly experienced in copper exploration
Galileo Resources is just a few months away from generating US$10mln cash flow per year
Galileo Resources has a portfolio of assets in Southern Africa
Galileo Resources assumes complete control of the Star Zinc and Kahitu projects
Galileo is building up an attractive looking portfolio of assets
Galileo Resources looks to second quarter for start of trial mining at Star Zinc
The junior raised £500,000 in October to the work both there and the Kashitu operation, where Galileo wants to start exploration.
Galileo raises £500,000 to kickstart zinc mining in Zambia
Galileo hopes to begin mining its Star Zinc project in mid-2020, as well as commencing an exploration study at its other Zambian location, Kashitu
Galileo Resources negotiates offtake agreement ahead of Zambia operations start
The three-year renewable deal would be for the supply of ore for up to 60,000 tonnes per annum to Jubilee’s Kabwe zinc refinery
Galileo Resources set to apply for mining permit at Star zinc project
Bosses will apply for the permit now they have received a JORC resource estimate, which confirmed potential to mine 77,000 tonnes of zinc
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Galileo publishes initial inferred resource estimate for Star Zinc project
The company said the estimate would allow for a six-year life-of-mine producing 12,000 tonnes of zinc metal per year
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Galileo increases beneficial interest in the Star Zinc project to 95%
Galileo is consolidating its asset position in Southern Africa
Galileo’s Glenover rare earths project already boasts a PEA and a large stockpile of ore that’s already been mined
Rare earths asset could provide a significant kicker to Galileo's valuation
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It was a busy week for the small cap mining companies
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Techfinancials surges on blockchain hopes despite patchy trading update
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Galileo Resources looks to move Glenover project forward amid China rare earth tensions
The company said two advanced options for Glenover were being studied to move the project forward, with talks underway.
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FTSE 100 closes in the red as global equity markets lag
The UK's premier shares index finished the afternoon session off nearly 31 points at 7,367
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Galileo Resources and Jubilee Metals to fast-track zinc off-take discussions
The plan is for ore mined at Galileo’s Star Zinc project to supply Jubilee’s Sable refinery in Zambia, which it recently agreed to buy from Glencore
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Zoo Digital mauled as it warns of break-even second half
A look at some of the biggest risers and fallers in London on Wednesday
Galileo Resources raises £500,000 in placing to fund advancement of Star Zinc project
The proceeds of the placing would be used to produce an independent resource estimate for the project as well as a preliminary pit design and the application for a mining permit
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FTSE 100 closes near break-even as traders fear China growth may be unsustainable
On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
Galileo Resources updates investors on progress at Star Zinc
Galileo plans to increase its stake in the Star Zinc project to 95%
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Cash flow from zinc mining is now only a matter of months away for Galileo Resources
A JORC resource is expected early next year, after which Galileo will apply for a mining licence
Galileo Resources updates on modelling from drilling results at Star Zinc project
The mining firm said the phase 2 drilling, completed in October, had “significantly” increased the project’s non-JORC conceptual grade and tonnage estimate
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Galileo completes second phase of drilling at Star Zinc project, high grades keep coming
Galileo will now undertake a scoping study to model the economics of the Star Zinc project
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FTSE 100 closes positively as PM Theresa May says gov't is working towards a good Brexit deal
Britain's blue-chip benchmark finished up around 31 points at 7,029
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Anglo Asian Mining shares fly higher as it takes steps to identify new targets
A look at some of the top risers and fallers in London on Thursday
Galileo Resources shares tick upwards as it increases stake in Star Zinc project
The AIM-listed miner said it had agreed to acquire the Kabwe Residual Rights in Zambia, which included the Kabwe mining licence, for an aggregate of around £275,000
FTSE 100 finishes lower as BoE keeps rates on hold; sterling gains
The UK benchmark index of leading shares finished down nearly 32 points at 7,281
Galileo Resources reports narrower full-year loss as it unveils CGT model for Star Zinc drilling results
The mining firm reported a net loss for the year of £1.02mln, less than the £1.38mln loss in 2017, while its balance for cash and cash equivalents stood at £539,301
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Antofagasta investors feeling a bit Chile
A look at the day's major movers, including Antofagasta, Falanx, D4t4, Avanti Communications, SalvaRx, Panthera Resources, Realm Therapeutics and REACT Group
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Galileo Resources expects to extend the known ore zone at Star Zinc with new drilling campaign
The new round of drilling is following up on recent intercepts as high as 38% zinc
FTSE 100 closes in the red as miners weigh and wage growth disappoints
The blue-chip index of leading shares closed down almost 31 points at 7,611
SalvaRx plunges as subsidiary hit with “significant” manufacturing delay
A look at some of the biggest risers and fallers in London on Monday
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Galileo Resources to drill further at Star Zinc after encouraging study
There was a good correlation with known zinc mineralisation at Star Zinc
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FTSE 100 starts week by ending lower as geopolitical woes hit sentiment...again
In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
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Monreal shares collapse as it seeks to transfer to NEX from AIM
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Galileo Resources reveals conceptual grade tonnage estimate for the Star zinc project in Zambia
The resource is only conceptual in nature, but nonetheless represents a significant uplift on the results of previous work completed in 2015
Investments and investor services
FTSE 100 holds onto gains as M&A boosts sentiment
In the currency market, sterling was down 0.48% against the Euro, while it lost 0.28% against the US dollar.
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Galileo Resources releases latest Zambia drill results
The findings will be used in a new conceptual 3D-model and grade-tonnage estimates for the project
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Galileo Resources negotiations with major fertiliser producer “continuing positively”
Galileo added that an Environmental Impact Assessment/Management Programme for a mining right at Glenover was progressing on schedule
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Quiz shares strut higher as annual revenues jump
A look at some of the top risers and fallers in London today
Galileo Resources completes placing to fund next stage of Star Zinc project
The AIM-listed miner said the 50mln new shares, with a placing price of 1.1p or a 20% discount on the 11 April 2018 mid-market close of 1.375p, would be admitted to trading on AIM at or around 17 April 2018
Investments and investor services
FTSE 100 closes near flat as Middle East tensions cool
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
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D4t4 jumps as two ‘biggest ever contracts’ boost revenues and profits
The medical diagnostics group is planning on closing its sites in India and Germany as it looks to get back to profitability from a smaller revenue base
Galileo Resources intercepts exceptionally high zinc grades at Star zinc project in Zambia
Results will help Galileo move on towards expanding the resource at Star
FTSE 100 joins global equity rally and ends higher with miners helping
Soothing comments from China's leader Xi Jinping seem to have gone down well with equities traders, particularly those in the US
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REACT Group plc cleaning up after another contract win for major hospital
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Galileo Resources finds very high zinc values in latest drilling at Zambia project
There were also high values found of germanium (Ge), a metal used in microscopes and cameras
Investments and investor services
FTSE 100 suffers triple-digit fall as investors fret over a trade war coinciding with Brexit
Fears of a trade war have rattled investors, with minerals companies particularly hard hit
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Galileo Resources shares higher as it lifts stake in Star Zinc project to 85%
Galileo has now spent more than US$250,000 on exploration, including geochemical soil sampling, permitting, and evaluation
Grades at Galileo’s Star zinc project indicate upside could be greater than previously thought
Galileo's Star zinc project in Zambia is showing plenty of promise
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Galileo Resources unearths high grade mineralisation at Star Zinc project
“This drilling programme has to date produced encouragingly high grade zinc intersections, that is leading us to revise our understanding of the geology of the deposit"
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Botswana Diamonds shares sparkle as it begins exploration programme with Alrosa
A look at some of today's top risers and fallers in London
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Proactive Mining Highlights: Bacanora Minerals, Kennedy Ventures, Anglo Pacific
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Kosmos Energy falls as tests at Requin Tigre-1 exploration well in Senegal fail to detect any hydrocarbons
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Offtake Heads-of-Terms signed by phosphate subsidiary of Galileo Resources
Agreement follows significant pilot plant work carried out at the Glenover project
FTSE 100 succumbs to global profit-taking, closes firmly in red
The UK blue chip index closed down 108.45 points at 7.334, which had been the session low
Ferrum Crescent appoints Colin Bird as its non-executive chairman with immediate effect
Ferrum said the appointment Bird continues the process of "strengthening the FCR Board as the company progresses its wholly owned Toral lead-zinc and associated metals project in the Province of Léon, Spain"
Proactive mining highlights: Wishbone Gold, Rainbow Rare Earths, Kingsgate Consolidated, Danakali, Thor Mining and others
A number of retail investor favourites had news this past week.
Galileo Resources steps up activity on zinc and phosphate interests
Recent months have seen Galileo step up work at the Glenover phosphate prospect and the Star zinc project in Zambia.