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  2. Share Prices
  3. Galileo Resourc Share Price
  4. Galileo Resourc Share News
  5. IN BRIEF: Galileo Resources shares rise on proceeds from Glenover sale

Pin to quick picksGalileo Resourc Share News (GLR)

Galileo Resourc Information

Share Price Information for Galileo Resourc (GLR)

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Share Price: 1.20
Bid: 1.15
Ask: 1.25
Change: 0.00 (0.00%)
Spread: 0.10 (8.696%)
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IN BRIEF: Galileo Resources shares rise on proceeds from Glenover sale

Fri, 11th Feb 2022 17:52

Galileo Resources PLC - miner with projects in Botswana, Zambia and South Africa - Receives ZAR50.7 million, around GBP2.4 million, from the Glenover asset sale, through the disposal of its indirect holdings via Galagen Pty Ltd to Johannesburg-listed Afrimat Ltd.

In addition, has gained GBP86,000 royalties from the first three shipments from the Star Zinc project sale agreement, and expects a further GBP335,000 from shipments that are subject to final weights and assays.

"This marks the start of earnings from the Star Zinc operation, which are progressing and will continue exporting more material. Our Kashitu operation will shortly be drilled with a view to a similar operation as Star Zinc but under Galileo's control for Galileo benefit other than 3rd party costs related to the Kashitu operation," said Chair and Chief Executive Colin Bird.

Current stock price: 1.18 pence, up 13% on Friday

12-month change: down 37%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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.

Read more
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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30 Dec 2022 15:02

EARNINGS SUMMARY: Provexis and Unicorn Mineral post chunkier losses

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

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