Executive Summary
Galileo Resources Plc (formerly General Industries - PLUS quoted) is a well balanced diverse near production and exploration Resource Company. The company has an exceptional management team with proven technical and commercial background. The flagship property is the Glenover Phosphate concession which was a successful phosphate producer for many years. Phosphate however is now subordinated to Rare Earths (REE). It is known that REE are contained in the project area and that the grades if of sufficient size in continuity may well lead to a medium sized operation for the production of REE oxides. One of the key benefits of the medium sized operation is the fact that the REE are contained in stock piles from the previous phosphate operations. Being in stock piles negates the cost of extraction and the risks attached thereto. The concession is of considerable size and host mineralisation types suitable for potential REE presence. The aim is to investigate the mineralisation types for REE presence and content with the view to building a large resource of REE. The company has a number of Iron Ore and Manganese exploration projects in the Cape all of which are in proximity to either operations or discoveries. Galileo Resources Plc has also rights to joint venture in an aggregate producing quarry close to Umtata, North Eastern Cape. The quarry is well positioned to supply construction aggregate for the significant infrastructure programme being undertaken by local government.
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