RE: The Big Picture10 Dec 2025 23:06
The priority for the reporting period included the completion of open-pit sensitivity analysis, which has facilitated advanced discussions with third parties who are interested in developing a multi-faceted mining approach at Luansobe, which presents significant optionality in future mining and processing scenarios. The company intends to rapidly advance the near-term open-pit mining potential at Luansobe, while preserving scope for the longer-term underground potential.
Developing ie together
Processing, well we nearly have a stake in 1 Processing plant nearby
preserving scope for the longer-term underground potential
Those deeps aren't aren't up for grabs.
Strategically, we have reached the conclusion that a number of opportunities exist in Zambia and elsewhere in Southern Africa for small mining activity, producing in the range of between 3,000 and 8,000 tonnes of copper per annum. In Zambia such properties are held by local miners, discarded by majors because of their small potential or held by companies similar to Galileo. Your board has elected to pursue copper production opportunities by offering services of exploration and mine design in exchange for equity. The operational and financial input will be determined as appropriate in each particular venture that we undertake, and will, of course, define the equity ownership.
Your board has elected to pursue copper production opportunities by offering services of exploration and mine design in exchange for equity.
This is all jubilee, remember the new licenses they took, I'm thinking it will be us JVing them, we drill them out for a %
This all points to us JVing with Jubilee, they have new ground to explore, we have Luansobe, both want production and both benefit hugely.
It looks to me that Luansobe is not for sale and only available for JV. So no sale iky.
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