Member Info for JuniorLassonde

I think we could see additional rise(s) today - volume coming back

When it pops.... :-) many bites of the multi-bag cherry possible.

Progress. Two initial Shinganda spokes to Jubilees Hub - possibly. Luansobe, Molefe, and Shinganda in parallel feeding the hub? Interesting thought. KA$hitu will be different. Big buck$$.

Luansobe: https://youtu.be/0lGGBg6_b0g?t=1271

Got pinged this. "Luansobe, we are about to strike ....." then immediately changes to Shinganda quickly...

Strike what? a deal? I don't think he means striking Shinganda. Although the two pit licenses applied for might also have relevance.

UBS: https://x.com/ekwufinance/status/2032819079438868633

All shareholders are in control of whether they buy, sell, or hold shares in GLR. They are also in control of whether they choose to contact the execs to request that more information is delivered to shareholders so that their investment decision can be re-assessed on an ongoing basis. Whether they get a response and share that information is each individuals choice - nothing will be given from execs that can be deemed as inside information. However the execs will have an inside track on what some shareholders think. Shareholders are also in control of whether they trash their own investment in public, or whether they prefer to push for change with the execs in the background. There are several studies that indicate the importance of shareholder sentiment on illiquid shares and their share price. One thing is certain, shareholders own more shares than the execs. It’s not the execs company, it is not Colin Birds company, he is a shareholder paid well to deliver share price improvements. The portfolio is there and the monetisation snowball need to move more quickly. Molefe is good, but clearly that is not baked into the share price as there insufficient information to make an informed decision on how valuable it is. Some will speculate on the value and increase their shareholding as have I.

Cash flow will come from the JV with Jubilee at Molefe. There are cash flow generating monetisation opportunities 1. Luansobe open pit, 2. Ka$hitu open pit, 3. Shinganda, there are also one off monetisation opportunities - sale of Kamativi, Bulawayo, Ferber, Kalahari Pl 253, PL39, PL40, as well as JV at Western Foreland, or a deal that can be sliced multiple ways in Luansobe with its huge blue sky potential for obvious reason.

We can all agree that once further deals on any of those assets comes through the multi bagger situation will kick off, and will reflect on other assets. It’s not rocket science to see that, and Chris5p has put his money where his beliefs are, and takes responsibility for his own actions as it should be. This will come good, and then some.

Than you RodneyT. I would be interested in the options analysis as well as warrants analysis. I am in the camp that at a minimum GLR will catch up, and some. That requires deal(s). CB reads this board (apparently). He knows what shareholder feelings are. We do not know what the direction of travel is with the level of certainty that many shareholders need in order to base investment decisions - especially heavyweight shareholders, because dates have been missed frequently.

Interesting move by Bezant in appointing Unitrans Namibia Pty Ltd ("Unitrans") as the mining contractor - which are part of the larger Unitrans Africa group, with extensive operations in Namibia, South Africa, Botswana, and other regional countries. Those other regional countries include Zambia. Maybe they are an expanding company, and Zambia is a good place for an ambitious company to expand in? Luansobe is also in need of a similar outfit.

"We have opportunity cost." I agree with this. It is also up to each shareholder to make a decision on how they trade to mitigate against potential opportunity cost.

As an observation, several CB related companies have increased their market cap significantly of late, by many multiples in some instances. Who would have thought that would happen? I did not, otherwise I would have moved into a position in those companies. I suspect many thought those companies would never multi-bag. Given the assets GLR has, there is a very strong case for it multi-bagging. We now need CB and the execs to make that happen with deals, and given the assets, and the copper bull market I would expect to happen soon.

Copper strong: https://www.livecharts.co.uk/MarketCharts/copper.php

Iani,

https://jubileemetalsgroup.com/wp-content/uploads/2025/08/Proposed-disposal-of-the-South-African-Chrome-and-PGM-Operations.pdf explains it. Up-front cash: $25 million (already received, as confirmed in later updates). Deferred cash over approximately 3 years with various caveats on performance, commodity prices etc. To get to an answer you require would require a whole set of assumptions on when cash flow starts to build up for JLP. e.g. Molefe is one of several producing assets that will expand over the same period with an expectation on significantly increased cash flow IMO. GLR of course will by then - own a significant portion of the asset. Drilling continues.

However, there is no confirmed involvement of JLP with Luansobe other than they processed ore from Luansobe as part of a test run several years back. No deleterious elements were found (good). We only know about the existing joint Molefe collaboration from November 2025, where GLR is funding $700k exploration to earn up to 23.75%, while JLP retains majority control (71.25%) and handles operations/processing of this already producing asset. I am not sure JLP could afford a full lift on the Luansobe asset given how valuable it is, potential bluesky size, and where it is located (along strike from Mufulira - andMopani mine), however I would not rule out a collaboration / JV with one or more third parties possibly including JLP.

Not far from ARCM - https://copperbeltkatangamining.com/botswana-advances-copper-beneficiation-with-planned-khoemacau-refinery-study/ - if the study gives a go then more feed required in-country.

Https://copperbeltkatangamining.com/botswana-advances-copper-beneficiation-with-planned-khoemacau-refinery-study/

Very interesting for obvious reasons. Two of Galileo's licenses - PL039/2018 and PL040/2018 lie adjacent to and immediately south of the Khoemacau Mine (now MMG-operated), sharing boundaries or in very close proximity. They are positioned along the Mowana Fold structure, with recent copper discoveries by Khoemacau and Arc Minerals nearby, enhancing their prospectivity. A new smelter will require more feed.

How much could Luansobe be worth in a deal (Ignoring Molefe, Ka$hitu, Shinganda, etc).

A little A.I Help:

The current share price of Galileo Resources Plc (AIM: GLR) is 0.75p (as of March 6, 2026, the most recent close; no major movement reported into March 8). This gives a market capitalisation of approximately £10.36 million, based on ~1.382 billion shares in issue.

If a significant deal is announced for Luansobe—such as a joint venture (JV) with funding/partner contribution, an off-take agreement enabling near-term production, a contractor mining/processing partnership, or an outright sale/partial disposal—the share price could re-rate substantially upward due to de-risking, cash inflow potential, and validation of the project's value. Likely share price range scenarios post-deal (assuming no major dilution from new equity raises, and copper prices holding around $12,500–$13,000/t):

A: Modest/positive deal (e.g., off-take or contractor mining agreement with minimal upfront cash but clear path to production in 12–18 months): 1.2p–2.0p. This could imply a market cap of £16–28 million, reflecting 50–100%+ uplift from current levels as the market prices in reduced execution risk and potential early revenue/cash flow.

B: Strong JV or funding deal (e.g., partner funds capex/opex for open-pit development in exchange for equity stake, or brings technical/operational expertise, similar to the 2021 Statunga JV structure but more advanced): 2.0p–3.5p. Market cap £28–48 million. This assumes the deal covers near-term open-pit (40,000–70,000 t recoverable Cu over life-of-mine per 2024 scoping/optimisation studies), and adds credibility/partnership premium.

C: High-end scenarios (e.g., full or partial sale of the project at a premium to in-situ value, confirmation of deeper resources expanding tonnage significantly, or a major strategic buyer amid copper supply tightness): 4.0p–7.0p or higher in extreme cases. This could push market cap to £55–100 million+, capturing more of the project's upside (e.g., if deeper historical ZCCM targets are validated or production starts quickly). Comparable junior copper developers with advanced assets and deals have seen 3–10x re-ratings in bull markets.

I am in the C Camp given the insitu copper, huge blue sky potential along strike from Mopani in the deeps.

Add in several of the other assets, and if you can hold the tiger by the tail, then seriously life changing for most I would reckon, depending on how much you have invested. IMO.

On the mineralisation plan https://galileoresources.com/projects-operations/luansobe-copper-project/ the open pit is well defined.

The green area is along strike from Mopani Mine. The probability of there being significant copper is therefore high in the green area IMO.

Note:

1. A 2008 legacy estimate by ZCCM for the open-pit (shallower) portion: approximately 5.5 million tonnes at 1.6% total Cu (TCu). This broadly aligns with Galileo's JORC (2012) Inferred Resource of ~5.8 Mt at 1% TCu (above 0.25% cut-off) for the open-pit amenable zone, containing ~56,000 tonnes of copper. "

2. A deeper potential resource reported by ZCCM Limited: 65 million tonnes at 2.37% Cu between depths of 100 m to 1,250 m. This is described as a historical/potential deeper zone, with parts tested by Galileo drilling to ~220 m, but much remains unconfirmed hence the drilling required.

The stated plan is to monetise the open pit, which pays for 2) and much more of course. Should 2 prove the ZCCM Ltd estimates then that is a seriously big number! I think the deal is more complex as the appetite for 2 will be high - an extension of Mopani.

Primary sources:Galileo Resources RNS announcements,

A. Mining licence issued for the Luansobe Copper Project" (29 May 2024), which explicitly mentions the 2008 ZCCM open-pit estimate of 5.5 Mt @ 1.6% TCu. "A legacy estimate completed by ZCCM in 2008 disclosed an open pit resource estimate of 5.5 million tonnes at 1.6%TCu. The details of the estimate are unknown but broadly agrees with the findings of this study."

B. Galileo's project page and related updates (e.g., February 2023 resource announcement context), referencing the deeper 65 Mt @ 2.37% Cu potential from ZCCM Limited. "Further, ZCCM Limited reported potential for a deeper resource at Luansobe consisting 65 million tonnes @ 2.37% Cu between 100m to 1,250m depth, parts of this resource have been tested by Galileo to a depth of 220m, but the deepest known mineralisation intersected in a small number of historic holes drilled by ZCCM Limited remains to be tested."

Come on Luansobe!

I agree DC. Galileo's Western Foreland license aligns to the map's western section, and the geological domain that extends into northwestern Zambia from the DRC. It's positioned near or west of the Domes Region (including the Solwezi Dome) and major mines like Lumwana and Sentinel, placing it along the planned Lobito Corridor extension for potential copper evacuation to Angola's Atlantic coast. The area is prospective for Kamoa-Kakula-style deposits, given its proximity to the DRC border (about 160 km from Kamoa). It's a great postcode for obvious reasons.

This makes Galileo's Western Foreland license central to the US-China competition illustrated on the map, as new discoveries could favour the faster Lobito route over the longer eastern one.Galileo also holds the nearby Shinganda Copper-Gold Project in northwestern Zambia (about 30 km east of Kasempa), which similarly fits in the map's northwestern Domes Region and could tie into the Lobito Corridor.

Overall, the youtube map's includes Western Foreland licenses as part of emerging supply areas, while Luansobe represents the established eastern Copperbelt that both corridors aim to serve. All good. Note: The Sentinel Mine was developed from the Kiwara Resources License that CB sold back in the day.

In the meantime, come on Luansobe, Shinganda, Kalahari, Kashi*u, Kamativi, Ferber. Let's see those deals come in.

Definitely worth a listen for read through reasons: https://youtu.be/hNEZsjMw4EY

Between three and ten - depending on which deal drops first. Incremental bags as each deal drops. Maybe more..

Plenty of assymetrical upside when the assets get the market recognition they deserve.

There is a positive correlation between higher positive sentiment and a higher multiple in market cap. I believe a few extra bags brought about by positivity would be beneficial for everyone for lots of different reasons. 10 bagger target. Let’s see how close we can get to it.