REG - Galileo Resources - Kalahari Copperbelt Drilling – Assay Results

Galileo ResourcesAnnouncement

20/01/2026 07:00

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RNS Number : 5130P  Galileo Resources PLC  20 January 2026

20 January 2026

 

RNS Number:

Galileo Resources Plc

("Galileo" or the "Company")

 

Kalahari Copperbelt Drilling - Assays Confirm Copper Mineralisation

 

The Company is pleased to report on laboratory assays from the recent reverse
circulation ("RC") drilling completed on its 100% owned prospecting licence
PL253 in the Kalahari Copperbelt ("KCB") of Botswana. This follows from the
Company's announcement of 1 September 2025 in which positive indications of
intermittent visible copper mineralisation were reported at PL253.

 

 

Highlights

 

·    Laboratory assays have been received which confirm the presence of
copper mineralisation in vertical hole (QTRC014), part of a four-hole RC
programme on PL253 designed as a first test of soil geochemistry and
structural targets.

 

·    Copper enhancement occurs between 66m and 115m depth, with peak
interval of 5m @ 0.34% Cu from 79m to 84m, including 1m @ 0.84% Cu within
D'Kar Formation siltstones.

 

·    The confirmation of copper oxide mineralisation associated with the
prospective D'Kar Formation host rocks represents a highly encouraging result
from the first drilling on the target which is blanketed by sand cover.

 

·    The Company is also pleased to report that the Botswana Department of
Mines has granted renewal of PL253/2018 for a further two years to end 2027.

 

·    This completes the Company's four-hole RC programme on PL253 and the
Galileo team will now model geological/geophysical/geochemical data for the
prospect with a view to planning a follow-up drilling programme.

 

 

 

Colin Bird Chairman & CEO said: "We are pleased to be awarded renewal of
the strategically positioned prospecting licence PL253 in the Kalahari
Copperbelt. The fact that we have encountered copper mineralisation over an
extensive interval in our first reconnaissance drilling programme testing a
soil target is very encouraging. The combination of position and prospectivity
provides us with strong motivation to continue exploration on this licence."

 

 

Figure 1 - Galileo Licence Location Map

http://www.rns-pdf.londonstockexchange.com/rns/5130P_1-2026-1-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5130P_1-2026-1-19.pdf)

 

 

Figure 2 - PL253 Drillhole Location Plan

http://www.rns-pdf.londonstockexchange.com/rns/5130P_2-2026-1-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5130P_2-2026-1-19.pdf)

 

 

 

Technical Sign-Off

Technical information in this announcement has been reviewed by Edward (Ed)
Slowey, BSc, PGeo, Technical Director of Galileo. Mr Slowey is a geologist
with more than 40 years' relevant experience in mineral exploration and
mining, a founder member of the Institute of Geologists of Ireland and is a
Qualified Person under the AIM rules. Mr Slowey has reviewed and approved
this announcement.

 

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC

 

 Colin Bird, Chairman                       Tel +44 (0) 20 7581 4477
 Beaumont Cornish Limited - Nomad           Tel +44 (0) 20 7628 3396

 Roland Cornish/James Biddle
 Novum Securities Limited - Joint Broker    +44 (0) 20 7399 9400

 Colin Rowbury /Jon Belliss
 Shard Capital Partners LLP - Joint Broker  Tel +44 (0) 20 7186 9952

 Damon Heath

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR").

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

Forward Looking Statements:

Certain statements in this announcement are or may be deemed to be forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'' ''could'' "should" ''envisage''
''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those
variations or comparable expressions including references to assumptions.
These forward-looking statements are not based on historical facts but rather
on the Directors' current expectations and assumptions regarding the Company's
future growth results of operations performance future capital and other
expenditures (including the amount. Nature and sources of funding thereof)
competitive advantages business prospects and opportunities. Such forward
looking statements reflect the Directors' current beliefs and assumptions and
are based on information currently available to the Directors. A number of
factors could cause actual results to differ materially from the results
discussed in the forward-looking statements including risks associated with
vulnerability to general economic and business conditions competition
environmental and other regulatory changes actions by governmental authorities
the availability of capital markets reliance on key personnel uninsured and
underinsured losses and other factors many of which are beyond the control of
the Company. Although any forward-looking statements contained in this
announcement are based upon what the Directors believe to be reasonable
assumptions. The Company cannot assure investors that actual results will be
consistent with such forward-looking statements.

 

 Technical Glossary

 

 "bornite"       A copper-iron sulphide mineral, Cu5FeS4, often found in copper ores

 "chalcopyrite"  A copper-iron sulphide mineral, CuFeS2, often found in copper ores

 "Cu"            Copper

 

 

 

 

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