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Share Price Information for Galileo Resourc (GLR)

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Share Price: 1.125
Bid: 1.05
Ask: 1.20
Change: 0.025 (2.27%)
Spread: 0.15 (14.286%)
Open: 1.10
High: 1.125
Low: 1.10
Prev. Close: 1.10
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AIM WINNERS & LOSERS: Kodal Minerals rises on mining licence

Mon, 08th Nov 2021 11:28

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Kodal Minerals PLC, up 19% at 0.43 pence, 12-month range 0.065p-0.50p. The southern Mali and Ivory Coast-focused miner says it has been granted a mining licence for its flagship Bougouni lithium project in Mali. The project is now fully permitted for development with the previous approval of the Environmental & Social Impact Assessment in November 2019 it adds.

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Katoro Gold PLC, up 14% at 1.03p, 12-month range 0.70p-2.70p. The gold and nickel exploration and development company raises GBP815,000 in a placing of 81.5 million shares at 1.00p each.

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Yu Group PLC, up 13% at 237.00p, 12-month range 81.11p-390.00p. The supplier of gas, electricity and water to the UK business market says it has been selected by Ofgem as supplier of last resort for collapsed energy business Ampoweruk.

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AIM - LOSERS

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Galileo Resources PLC, down 12% at 1.14p, 12-month range 0.77p-2.80p. The miner with projects in Botswana, Zambia and South Africa reports drill results for its Kalahari Copper Belt project in Botswana. Says drilling at two of the licenses that Galileo did not sell to Sandfire Resources Ltd didn't intersect copper mineralisation. One of the holes returned disseminated pyrite which might represent a system lateral to a copper occurrence.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
21 Aug 2023 20:48

IN BRIEF: Galileo Resources reports pegmatites at Kamativi licence

Galileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Updates on the Kamativi licence in Zimbabwe. Says, to date, six holes have been drilled at the licence for over 700 metres of diamond drilling. Notes the holes have intersected around 111 metres downhole width of pegmatites with an "appropriately low" potassium/rubidium ratio with the potential to host lithium mineralisation. Follow-up work is also planned in the north-east of the licence area to test in more detail the rare earth element content of pegmatites. Says drilling has intersected "significantly" more pegmatite than was originally anticipated, and adds this has brought some areas of the licence thought to be less prospective "back into the spotlight".

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10 Aug 2023 11:50

Galileo Resources makes "high-grade" lithium discovery at Kamativi

(Alliance News) - Galileo Resources PLC on Thursday said lithium analysis has confirmed the presence of lithium at its Kamativi project in Zimbabwe.

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24 Jul 2023 11:46

IN BRIEF: Galileo Resources intersects pegmatite at Kamativi target

Galileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Says the first two holes of the recently started drill programme over the Kamativi lithium-tin target in Zimbabwe have intersected multiple pegmatite dykes, some over "substantial" widths. Galileo plans to send split drill core for indicative lithium analysis to a Zimbabwe laboratory, followed by full multielement analysis at the ALS laboratory in Johannesburg.

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29 Jun 2023 21:38

TRADING UPDATES: Atlantic Lithium confident after Ewoyaa study

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News

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27 Jun 2023 13:38

Galileo exercises option to acquire 51pc of Shinganda project

(Sharecast News) - Galileo Resources has exercised its option to enter a joint venture and acquire a 51% interest in the Shinganda Copper-Gold Project in Zambia, it announced on Tuesday.

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27 Jun 2023 11:52

Galileo optimistic of returns after exercising option for Shinganda

(Alliance News) - Galileo Resources PLC on Tuesday said that it has exercised the option to enter a joint venture and be issued a 51% interest over the Shinganda copper-gold project in Zambia.

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15 Jun 2023 11:53

Galileo preparing for Kamativi drill programme

(Sharecast News) - Galileo Resources announced on Thursday that preparations for a drill programme had started over the Kamativi lithium-tin target, where it announced the discovery of a previously-unknown lithium anomaly in soils and streams in March.

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15 Jun 2023 11:39

IN BRIEF: Galileo starts preparing for Kamativi drill programme

Galileo Resources PLC - Mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Starts preparations for Zimbabwean Kamativi lithium-tin project drilling programme. Says the Kamativi soil anomaly area will be targeted in the first phase of drilling, with around 1,000 metres of drilling planned in at least 10 holes. Says the programme will also assess tin prospectivity. Adds other anomalies will be evaluated and drill-tested in due course.

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15 May 2023 17:13

TRADING UPDATES: Eden Research gets regulatory approval in New Zealand

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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29 Mar 2023 14:35

TRADING UPDATES: AFC Energy delivers fuel cell; Kistos hails Benriach

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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23 Mar 2023 14:29

TRADING UPDATES: Eqtec hails French state contract; Conroy finds gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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22 Mar 2023 17:06

Galileo Resources makes progress at Glenover, Bulawayo

(Sharecast News) - Galileo Resources reported progress in two major areas in an update on Wednesday, being the Afrimat option to sell shares in Glenover, and the target delineation over the Bulawayo Gold Project in Zimbabwe.

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9 Feb 2023 12:36

IN BRIEF: Galileo Resources reports resource estimate for Launsobe

Galileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Reports initial inferred mineral resource estimates for its Launsobe copper project in Zambia, in which it holds a 75% interest. Estimates include 5.8 million tonnes gross at 1% total copper above a cut-off grade of 0.25% total copper for 56,000 tonnes of contained copper, potentially amenable to open pit mining; and 6.3 million tonnes gross at 1.5% total copper above a cut-off grade of 1% total copper for 97,000 tonnes of contained copper, potentially amenable to underground mining.

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2 Feb 2023 22:01

TRADING UPDATES: Dillistone sees revenue growth; Petro plans fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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18 Jan 2023 19:03

TRADING UPDATES: Galileo confirms gold zone; Spectral hails results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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