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Playing devil's advocate (as I'd love to see the detailed data up to this point), I can only think it isn't released and put into the public eye to aid future deals and not give up intellectual property for free......I haven't figured out this grey area of info release yet.

Example, we haven't seen the JORC 2012 document for luansobe yet. The starzinc one was shared on the website a few months after it was complete and an offtake agreement signed with JLP. Has luansobe JORC document not been released yet,to aid our position in an offtake agreemen....maybe

Agreed Flipper. Reads very well. Chalcopyrite found at 2 fixed points along a faults splay 1km apart. Hopefully we keep that machine rolling. CB stated the next hole will be 100m away. Hopefully just keep going with a further 8 holes back to the copper gold asset

It would be nice to recieve a map of the asset now. The Directors talk of the individual assets within Shinganda, but it's hard to follow with only compass directions and distance to get a picture

I'm late to the party on the BB today. Finally caught up. Excellent points made by all and very useful. The new Appointments must mean between CB, Mike Holmen (new) and Ed Slowey we have over 100yrs of experience in just the 3 Amigos. The old boys know all the Elephant hiding places. They also have contacts.....which I'm really interested to see how we use those.

The nearest IOCG large scale mining license is just 15km away, strongly suggesting the major involved with Shinganda giving us advice is, Sino-Kessampa Limited (Chinese owned)

https://twitter.com/Sharedata12/status/1721838855202971938?t=04ZWqbeqZ4j4B-d9AFX0fg&s=19

Well, the "Dark Horse" Shinganda coming through for us. It's always been a favourite of mine.

Snippet from today's RNS

"The most recent hole, SHDD017, sited less than 1km along strike from the Shinganda copper-gold prospect drilled last year, has intercepted an extensive interval of alteration and brecciation with associated copper mineralisation within the Shinganda Fault Splay system"

Snippet from 20th July 2022 RNS

"Assay results include 50.3m @ 1.53% Cu from 21m downhole depth in SHDD002, with a sub-interval of 7m @ 4.36% Cu, including 2.0m @ 11.31% Cu. Gold assays are awaited"

Google definitions:

chalcopyrite, or copper pyrite (CuFeS2),

Disseminated deposits are those in which the metal is evenly distributed in generally low concentrations throughout large masses of rock

Disseminated chalcopyrite is observed to replace mafic minerals, with estimates ranging between 1% to 2% by volume

We found copper 1km July last year, we drilled again and found more visible copper. It will be really interesting to see if there is some gold come from the assays. This is really looking like the IOCG (Iron Oxide Copper Gold) that Colin suspected

Come on!!

Hi Piscastor, I am. Yes sure, I'll put a post on when I get home after it.

No doubt alot will be revealed in the AGM on Wednesday. Plenty to go at with potential progress over all of the assets.

10% up today....what has the market got wind of?

morning all. i invest in galileo. was there any speak of a 3rd party supply of high grade zinc to help process the kabwe tailings dumps? 2 years ago we had an agreement to supply for that very reason and make it more viable. we sold our asset (starzinc) due to difficulties mining in close proximity to local housing meaning that, combined with rising cobalt prices the zinc was parked. fast forward a few years we have again another asset (ka****u) about to be mined for high grade zinc and looking at the zambia mining cadastre sable has recently just received a zince/lead mineral processing license 30841-hq-mpl . also i hear zinc demand in zambia is very high from commodity traders at the moment. they are having to ship in from congo stockpiling on the expectation of zinc price booming.

the dots seem to line up on glr and jlp sides. any hint of this arrangement resurected between the 2 companies at your agm?

Good work Iky. The World's eyes are turning on southern Africa. Competition is good, and people are buying up at higher risk and earlier stages on projects. Fingers crossed for us

there is a processing license at sable now for zinc and lead (shown on the mining cadaster). this is very good news for us with our links to jlp. recently all of the artisanal mining licenses applied for around ka****u have either been approves, or at approved from granting status. they were submit 5/1/23. they dont belong to us, but certainly shows the direction that artisanal mining licenses in that area are getting passed off. ours over ka****u were submit 19/1/23 and apparently on a first come first served basis. fingers crossed for this week or next when the 76th mining commitee results come out

There's a strong rumor that a chinese company is wanting GLR to fast track our Kamativi asset in zimbabwe, indicating a strong potential buyer. That mixed in with some of the research shared around investment into the area, and mine next door etc makes it look very promising

If that's the case Coyote we should have our 80% share. Maybe the AGM will update us in on the 8th

My understanding of the info and taking a balanced view, is that we have to spend £1.5m on the asset by July next year to increase our stake from 29% to 80% of BC ventures (kamativi and Bulwayo). If I'm honest I don't particularly remember the 5000m statement, however it is likely the proportion of the £1.5m budget allowance we have. Ontop of the aerial survey, grab samples and paying for assays etc. From the info alone it does seem positive imo. Drill hole 1 pushed quickly through zimbabwe uni to se if we are on the right track....we we're, then the remaining to go to SA. Phase 2 drilling which could be up to 3500m (if you're right about the total 5k Flipper) to get us to July.

Good rumours around a Chinese company wanting the asset pushing quickly, so timelines seem to coincide with a sale.

Fingers crossed on the above. The market seemed to really like 1% and 2% in drill core 1. I can't see evidence of drop off personally

Hi Funky. I havent had to do it for a good while. but drop me a message on twitter and ill find the link and add you. the telegram group is pretty much dead in terms of chat, but has about 50 members in there

Iky, might be worth re elaborating your tip off on twitter or the Telegram group to see if any other episode have heard anything similar or we can ask GLR to comment direct via email

Good spot Flipper, the district is getting alot of attention. Doent do much for us in this short term dip, but adds to the upward pressure when we and our neighbours start getting good results. AFP and First Quantum are working an their joint venture asset and its just a couple of Km away from our new asset we purchased from CooperMelon

https://twitter.com/Sharedata12/status/1716532535897768193?t=VVjq-fFoASbFqaBq9tmGmA&s=19

This will likely be tabled at first quantum as well

Ps I'm not surprised about the secret ingredient on Tsingtao....never been fond of it ha

Good point Flipper! Their average grade is 1.7g/t from their joint owned operation in Mozambique. Abit of peer comparison, We have 2g/t at Bulwayo (zimbabwe) from grab samples and artisans reporting 7g/t. Shinganda in zambia 33g/t target 1 and 4g/t target 7 shallow pits

i think with 81% of artisanal mining licenses being approved on a first come first served basis, we have a very good chance with ka****u. luansobe keeping everything crossed for this as it will be unique to us achieving a small scale mining license. the political pressure and zambian vision of increasing copper production to 3mt a year should help push this luansobe licence as well.

hoping in the near term for some results related to:

bulwayo soil samples back

kcb sold - funding spent and results returned

kcb retained - terra leach soil samples taken and 253 update

Iv said it since the start, Shinganda is the dark horse. I feel there's something special about this one. There's the obvious monetisation front runners and kamativi etc. However I think these 2000m of drilling are going to be a turning point for the asset. Looking at the drill rig on caterpillar tracks, I think the drill holes will be condensed rather than a lorry. Again fingers and everything crossed for end of the year for this one. Especially when we have a major giving us advice in the background. They will want shinganda if these 2000m prove it to be an IOCG

I reckon so, they put 10 drills down over a 500x1000m rectangle. Just 1/6th of the overall strike length.

When the assays come back I certainly expect to see some infill drilling between the most lucrative of the 10 holes, guided by the aerial survey and 1000s grab samples we did. Literally sitting with fingers crossed for corw assays.