Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGalileo Resourc Share News (GLR)

Share Price Information for Galileo Resourc (GLR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.05
Bid: 1.00
Ask: 1.10
Change: 0.00 (0.00%)
Spread: 0.10 (10.00%)
Open: 1.05
High: 1.05
Low: 1.05
Prev. Close: 1.05
GLR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Galileo Resources reports resource estimate for Launsobe

Thu, 09th Feb 2023 12:36

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.

Chair & Chief Executive Colin Bird says: "We are very pleased with the outcome of the Luansobe drill programme and the resultant tonnage and grade estimate in our maiden inferred resources. We will now continue the process of optimising a block model and open pit planning during the current quarter as a basis for engagement with potential contractors to quote for open pit mining. The timing of mining start-up will be subject to, amongst other matters, the ongoing feasibility assessment, completion of mining and processing agreements, along with necessary project permitting."

Current stock price: 1.24 pence, up 1.1% in London on Thursday afternoon

12-month change:up 18%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
30 Dec 2021 08:54

Galileo Resources shares rise on JV deal for Luansobe copper project

Galileo Resources shares rise on JV deal for Luansobe copper project

Read more
9 Dec 2021 11:36

AIM WINNERS & LOSERS: CloudCall agrees Xplorer Capital takeover offer

AIM WINNERS & LOSERS: CloudCall agrees Xplorer Capital takeover offer

Read more
7 Dec 2021 11:35

Galileo enters JV option deal with Garbo Resource Solutions

(Sharecast News) - Galileo Resources released details over an option and joint venture agreement it had entered into with Garbo Resource Solutions on Tuesday, covering the Shinganda copper-gold project in Zambia.

Read more
8 Nov 2021 14:54

TRADING UPDATES: Cake Box, Argentex see record first half performance

TRADING UPDATES: Cake Box, Argentex see record first half performance

Read more
8 Nov 2021 11:28

AIM WINNERS & LOSERS: Kodal Minerals rises on mining licence

AIM WINNERS & LOSERS: Kodal Minerals rises on mining licence

Read more
18 Oct 2021 16:04

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
30 Sep 2021 14:42

EARNINGS UPDATES: President Energy slims loss; Jangada turns a profit

EARNINGS UPDATES: President Energy slims loss; Jangada turns a profit

Read more
16 Sep 2021 18:08

IN BRIEF: Galileo Resources secures Kalahari licence sale to Sandfire

IN BRIEF: Galileo Resources secures Kalahari licence sale to Sandfire

Read more
16 Sep 2021 10:55

AIM WINNERS & LOSERS: Kibo invests in Eqtec project; Clinigen falls

AIM WINNERS & LOSERS: Kibo invests in Eqtec project; Clinigen falls

Read more
1 Sep 2021 19:34

TRADING UPDATES: Power Metal hits "bullseye"; Instem makes acquisition

TRADING UPDATES: Power Metal hits "bullseye"; Instem makes acquisition

Read more
2 Aug 2021 19:18

IN BRIEF: Galileo and Sandfire amend Kalahari licence sale agreement

IN BRIEF: Galileo and Sandfire amend Kalahari licence sale agreement

Read more
1 Jun 2021 17:43

TRADING UPDATES: Breedon buys Micromix; Marlowe acquires Alarm

TRADING UPDATES: Breedon buys Micromix; Marlowe acquires Alarm

Read more
5 May 2021 19:20

TRADING UPDATES: SIG in good start to 2021; Accsys taps EUR37 million

TRADING UPDATES: SIG in good start to 2021; Accsys taps EUR37 million

Read more
4 Mar 2021 14:03

IN BRIEF: Galileo Resources sells Star Zinc project to Siege Mining

IN BRIEF: Galileo Resources sells Star Zinc project to Siege Mining

Read more
29 Jan 2021 19:55

IN BRIEF: Galileo Resources Posts Widened Interim Loss

IN BRIEF: Galileo Resources Posts Widened Interim Loss

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.