focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

IN BRIEF: Galileo drill results show lithium enhancement at Kamativi

Tue, 19th Mar 2024 14:03

Galileo Resources PLC - Mining company focused on Zambia, Zimbabwe, Botswana, South Africa - Says phase one drill results for its 80% owned Kamativi lithium-tin project in Zimbabwe show "extensive" lithium enhancement. Results peak at 1.0% of lithium oxide over four metres. Adds that geological mapping and prospecting have identified mineralisation/alteration in pegmatites over at least 1.5 kilometre strike length, which has only been partially drill tested to date. Chief Executive Officer Colin Bird says: "An unusual feature of this discovery is the spread of highly anomalous lithium through the mica schist host rock, as opposed to being solely contained within the pegmatite. We have no doubt that discordant pegmatites are the drivers to lithium content and our mapping programmes have located more discordant pegmatites than previously recognised. On the basis that the nearby Kamativi mine was a long-producing tin operation it comes as no surprise that we also see anomalous tin associated with these discordant pegmatites, in some cases coincident with lithium."

Current stock price: 1.03 pence, up 3.0%

12-month change: down 1.9%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Related Shares

More News
2 May 2024 15:45

EARNINGS AND TRADING: Trident Royalties swings to profit

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

29 Feb 2024 18:06

TRADING UPDATES: United Oil adds Jamaica expert; Vaalco makes buy

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

1 Feb 2024 15:50

Galileo unveils two new copper targets within Kalahari Belt

(Sharecast News) - Galileo Resources unveiled two additional copper targets within the Kalahari Copper Belt on Thursday, following the recent discover...

1 Feb 2024 14:27

TRADING UPDATES: Genflow wins new research grants; Seeen margin rises

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

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.