Member Info for Coyote2020

Figuratively speaking not literally. Which raises the question, if you dislike the way this company is run to such a degree then why are you still here?

Age discrimination now is it. Leave the chap alone, it's probably what keeps hom going otherwise he might end up sitting at home with nothing else better to do than write twaddle on bulletin boards.

Timing is Critical.

The mining sector has improved, now it's time for the junior's.

The mine/processing facility adjacent Luansobe appear to be running to capacity. To increase production they need other sources of ore feed supply. Luansobe is ideally located.

A significant find on any of the greenfield exploration prospects, WF, Ferber, Shinganda, KCB, Kamativi or Bulawayo would be transformational.

Now is not the time to bail imo.

Patience is a key element of success - B. Gates.

From the latest reports it now takes an average of 15.8 years to construct a mine, from conception through to first pour. The average FS takes around 2 years, the average mine build takes another 2 years, so I leave it up to you to work out what is the remaining 11.8 years spent on

If only anything and everything was the fault of the Ch/man, what a simple world this would be.

HY RESULTS - highlights

1/ MOLEFE - a regular income.

2/ FERBER - phase 1 and 2 for a 1% Royaly. BCE have the option to purchase an additional 0.5% NSR for $1M anytime prior to an FS. Drilling next year.

3/ KCB - assays awaited for licences 39 and 40 (diamond core), 253 (R C).

4/ SHINGANDA - on-going, soil sampling and follow-up drilling planned.

5/ WESTERN FORELAND - on-going.

6/ KASH ITU - some shallow drilling planned. Exact a business plan and looking to a collaboration agreement with a local small-scale contractor.

7&8/ KAMATIVI and BULAWAYO - further work planned on both prospects (follow-up drilling). Licence renewals awaited.

9/ LUANSOBE - discussion?

"Well, in 2019 the previous owners had invested a substantial amount to construct 3 new mine shafts, one of which was built here at this site. It had reach 1547m deep of the 2 km planned and the second deepest shaft in the world. It travels at 18m/sec, 6 times faster than your average passenger lift and can shift 10,000t a day. But, I digress, in 2020 and the advent of Covid, the owner wanted to place the mine on 'care and maintenance' giving reasons, a poor copper price, critical disruption to mobility, transportation and supply-chains. Our partners (49%) were not keen on the idea as the mine sites are a major employer in the region, 15,000 people, 5,000 of which were employed here and wanted to protect jobs. The following year, 2021 our partners purchased the whole company for $1 plus debt ($1.5bn) to be paid-off at a fixed-rate per tonne copper produced. As you can imagine the company struggled through the pandemic and here we are today having purchased 51% and to say the least, have more than enough on our plate at this time. We do however, like your proposal for mine expansion. Our property along strike extends to your boundary which in turn borders the DRC so it makes good sense to start with your property and work back towards the mine rather than the reverse. We also have a remit to treble production output over the next few years. Tell you what, come back in a year or two when we are more settled and discuss the proposition in more detail."

"OK, how about Feb'26?"

"Fine. Hopefully we will be better placed to advance the situation you suggest."

"See you then."

Speculation. DYOR.

Exactly JL, Tier 1 exploration is where the real multi-bagger capability is with this company.

Merry Christmas.

RISK vs REWARD - a compelling account

Galileo is quietly beginning to breakout of it's shell and reveal it's full potential.

Strength in a diversified (9 assets) portfolio is where Galileo stands out amongst other AIM listed explorers. Diversification strives to smooth out risk events so the positive performance of some assets neutralise the negative performance of others. Low levels of uncertainty are associated with lower returns whereas higher levels of uncertainty are associated with higher returns. It is not a maximum risk for maximum reward investment where 100% of capital is placed into a single asset and therefore the highest probability of losing it.

Galileo offers a full array from mining services contracts for income, shovel ready small-scale mine projects with extensive upside to greenfield Tier 1 pure exploration thereby reducing risk to the minimum whilst maintaining the maximum reward.

With metal prices increasing to record highs and an overall improvement for junior's in the sector, the future for Galileo should be transformational.

HY RESULTS

After today, only four working days remain before the end of the month and the HY Results for portfolio updates on 9 active prospects.

1/ LUANSOBE - JV or sale for copper open-pit with huge u/ground potential adjacent to and along strike from a major mine and processing facility.

2/ SHINGANDA - prospective IOCG type deposit. Licencing update.

3/ WESTERN FORELAND - potential Kamoa- Kakula style Tier 1 copper exploration project. Update.

4/ KCB - 9 licences, recent drilling on PL253 located on-strike between Sandfire and Cobre licences.

5/ FERBER, NEVADA, USA - large scale exploration licence for (all options open) porphyry, intrusive, skarn, carlin trend for copper and gold.

6/ MOLEFE - Collaboration for artisanal open-pit mine development and expansion. Could lead to multiple ventures on numerous mine sites for cumulative income streams.

7&8/ KAMATIVI (Lithium and Tin) and BULAWAYO GOLD - licence renewals.

9/ KASH ITU - artisanal mining co-operative? maybe for zinc.

......and any other forthcoming attraction on the horizon.

HY RESULTS

After today, only four working days remain before the end of the month and the H

Today, ZCCM investments have signed a MoU with the Ministry of Mines to collaborate on exploration and mining in the Kikonge and Mufumbwe District of the Northwest Province.

Described as a significant milestone in the Zambian Mining sector by combining, exploration mechanised mining and refining under one integrated framework thereby, creating a sustainable value chain that benefits the Zambian economy, artisanal miners and local communities.

Sound familiar? Galileo, Jubilee, Molefe.

The Government are utilising the same strategy currently under formulation (early days) by Galileo and Jubilee. A new day IS dawning.

VALUE vs REALITY - the wise old owl

Galileo's m/cap sits around £11M and has done so for a considerable length of time. The sp is based upon the historical past while the fundamentals have improved dramatically.

The Luansobe open-pit alone with no allowance for the u/ground or the 'deeps'is worth multiples of the present company valuation. Luansobe is only one prospect in a portfolio of nine.

Value disconnect, a mismatch between perception and reality creates opportunity for the astute. Once the market latches on the re-rate can be fierce. Those who get in early benefit the most.

Thanks gotreal, a constructive comment gratefully received.

The post is to demonstrate how modern technology and techniques can contribute to the limitations of methods deployed by the artisanals. Not so sure about Project G taking priority as Galileo are earning-in for a 23.75% stake and guarantee for their share of future earnings at Molefe. Project G would be a separate arrangement/contract.

The focus should really be on the 'number of trades' column. Get the info out, spread the word, a process shaped like an inverted pyramid. The more people that know, the more people get to know. The inwardly looking bickering that goes on here is ultimately a waste of time and of no use to anyone.

You have your answer BS, we are not the same person.

My comments may seem overly positive when compared to the excessively negative narrative here. Had a conversation only recently about Galileo and investor strategy when the person said "ah, thet reminds me, I must go buy a McD'lds". I said, "why are you hungry". No, was the reply, "I hate burgers I just want something to complain about". Lol.

Restore the balance is the aim.

It's all very well laying the blame for anything and everything at the door of a single individual as is so often the case on this board but mining solutions can be complex, time consuming and dependent upon a multitude of moving parts.

The constant harking back to what was said or implied two years and more ago when the Lithium price crashed 80% (Kamativi) and a change of ownership at the vastly underperforming Mufulira Mine and Processing facility (Luansobe) is outdated and of no value.

Times have changed, the mining cycle has moved on and is improving fast for the junior's. A balanced and diversified portfolio of 9 prospects, no issues with dilution, one raise in 4.5 years, in metals where the price has risen by some and is forecast to go higher, in popular jurisdictions some deemed to be the safest in the world. Now is the time to move forward not harking back to the twaddle of the past.

Ferber has the funding in place for a drill programme early-ish next year. They are finalising drill targets now and talking about porphyry, intrusive, skarn, copper and gold. This is not small-scale, this is large-scale, big-time exploration in Nevada, USA.

When viewing the video on the

Formerly the Munkoyo project located in the Kapiri Mposhi District of Zambia approximately 60 km east of the Sable Refinery, when viewing the JPL website, you could believe you have stepped back in time. Artisinal's haphazardly searching an open-pit for higher grade ore based upon colour and texture. Enter the Galileo geological survey and mineplanning team for surface mapping, drilling, 3D modelling, open-pit design, mine layout and establish neutral ground etc, etc, and thereby improving safety, efficiency and productivity of the mine site.

Galileo are earning-in for equity (23.75%) and revenues from the project. Once debt has been repaid and FCF normalise Galileo's gross earnings could be around US$2.5M per year, more than enough for G&A, overheads and to coin a phrase 'keep the lights on'.

Most importantly however, the collaboration enhances their ESG credentials, building long-term positive relationships with communities by investing in local infrastructure, developing regional supply chains and ensuring economic security both locally and nationally is a sight to see.

HY Results out soon, this month, to get the latest on this multi-asset (9) diversified portfolio designed to balance risk and reward. Commodities, copper, gold, zinc, lithium, tin, rare earths on projects ranging from small-scale mining services contracts for income to major Tier-1 copper exploration and any other pending initiatives (ref: RNS dated17/9/25 Appendix).

Not to be missed!