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Galileo chief out to find “tomorrow’s copper”

Colin Bird, chief executive of Galileo Resources PLC (LON:GLR) says, while there is an oversupply in the copper market at the moment, there is “a massive opportunity now to find tomorrow’s copper”.

He adds that by “tomorrow’s copper”, he means making a discovery in 2017 or 2018, with his strategy to either sell the discovery on, or develop it, which typically takes around eight years.

Currently, the company is working on its Concordia site in South Africa, and Bird says the development “has the potential to be one of the big four pits in the world”.

Quick facts: Galileo Resources PLC

Price: 0.485 GBX

AIM:GLR
Market: AIM
Market Cap: £2.71 m
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Galileo Resources hits 'exceptionally' high grades at Star Zinc project

Colin Bird, chief executive at Galileo Resources PLC (LON:GLR), tells Proactive's Andrew Scott they've struck 'exceptionally' high zinc grades of between 41.51% and 46.58% across three holes drilled as part of a wider swathe of drilling on the Star zinc project in Zambia. So far, 26...

on 10/4/18

2 min read