REG - Galileo Resources - KCB – Re-logging & Testing Confirms Copper

Galileo ResourcesAnnouncement

13/08/2025 07:00

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RNS Number : 0625V  Galileo Resources PLC  13 August 2025

13 August 2025

 

Galileo Resources Plc

("Galileo" or the "Company")

 

Kalahari Copperbelt - Re-logging & Testing Confirms Copper in Drillholes

 

Given various companies have developed new models and concepts in the general
Kalahari Copperbelt ("KCB"), the Company made the decision to review again
past exploration work undertaken over certain of its prospecting licences in
the KCB. Re-logging and geochemical testing by the Company of earlier drill
core and reverse circulation ("RC") drill chips from its' three priority 100%
owned prospecting licences in the KCB has confirmed the presence of copper
mineralisation and anomalism in several holes, not previously identified,
coincident with soil anomalies in the vicinity of the main stratigraphic
target horizon.

 

 

Highlights

 

·    Re-logging of drill core from the 2022 Galileo exploration programme
on PL039 and PL040 provisionally identified traces of chalcopyrite, bornite
and chalcocite copper mineralisation in veins from the vicinity of the
D'Kar/Ngwako Pan Formation contact, host to much of the economic
mineralisation in the Belt.

 

·    Indicative geochemical analysis by hand-held pXRF instrument
confirmed visual mineral observations in six holes, with spot values generally
in the range of 0.1 to 0.7% Cu, up to a maximum of 0.96% Cu.

 

·    The mineralisation identified is further supported by soil anomalies
and is partially coincident with IP geophysical targets, both of which were
reported previously.

 

·    As much of the drilling is widely spaced with potential for
significant mineral deposits in the intervening ground the results will be
integrated to identify follow-up targets for infill/extension drilling.

 

·    On PL253 pXRF analysis on rock chips from the earlier RC drilling
programme has highlighted a zone of consistent downhole copper enhancement in
hole QTRC006 over a 55m interval to the bottom of the hole at 211m depth.

 

·    This zone lies proximal to the known D'Kar/Ngwako Pan contact in the
vicinity of a soil anomaly and an interpreted thrust fault along strike from
the Tlou prospect currently being drilled by BHP/Cobre on the adjoining
property.

 

·    A new RC drill programme is being planned for PL253 to further test
this recently identified target.

 

 

 

Colin Bird Chairman & CEO said: "We are very pleased with the outcome of
the re-evaluation of our previous holes on the KCB. Since the original
drilling was carried out various companies have developed new models and
concepts in the general KCB belt. In addition to the initial aeromagnetic
surveying and drilling, Galileo has more recently carried out soil sampling
and ground geophysics and followed up by undertaking the current review of the
earlier drilling results. We have developed enough confidence in our modelling
to undertake further drilling in the near term to test the copper potential of
our ground, commencing on PL253, where our ground is well positioned relative
to recent competitor discovery and intensive exploration."

 

 

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 high-grade copper-iron sulphide mineral, Cu5FeS4, often found in copper
                 ores.
 "chalcocite"    A high-grade copper sulphide mineral, Cu2S, found in zones of secondary
                 enrichment of copper ores.
 "chalcopyrite"  A copper-iron sulphide mineral, CuFeS2, often found in copper ores.
 "Cu"            Copper

 "pXRF"          A field-portable version of traditional X-ray fluorescence (XRF) spectroscopy,
                 allowing for rapid, on-site analysis of various materials.

 

 

END

 

 

 

 

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