REG - Galileo Resources - Mining licence issued for the Kashitu Project

Galileo ResourcesAnnouncement

19/03/2025 12:00

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RNS Number : 3279B  Galileo Resources PLC  19 March 2025

 

For immediate release

 

Galileo Resources PLC

19 March 2025

 

Galileo Resources Plc

("Galileo" or "the Company")

Mining licence issued for the Kashitu Project, Zambia

Galileo Resources plc ("Galileo "or the "Company") is pleased to announce the
award of small scale 10-year mining licence, 39893-HQ-SML for the Kashitu zinc
project. Kashitu is situated 7km south-east from the historical Kabwe Zn-Pb
mine adjacent to and south of the town of Kabwe, north of the capital Lusaka.

Colin Bird Chairman & CEO said: "We are pleased to have received the mining license for Kashitu. The Kashitu mine is close to Kabwe operations and is in seasonal wetlands. We have previously developed mining plans and perceive an opportunity to work with local community effectively. The granting of the license could allow us to progress towards developing an open pit in the high zinc content willemite areas, subject to further evaluation of the potential project and finding suitable partners to work with. We will continue to keep shareholders informed as development progresses."

 

Please refer to the Galileo website for more information on the project at:

 https://galileoresources.com/projects-operations/kashitu-zinc-project/
(https://galileoresources.com/projects-operations/kashitu-zinc-project/)

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.

 

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

 

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