Member Info for JuniorLassonde

Huge volumes. Fantastic to see. Get out the crystal balls.

Big buy ... :-) ramming the castle gates...

Storm the castle gates ;-) …

The big numbers are there DC. Deals (plural) will land :-)

Top up TR1 on its way?

For Comparison

1. 32913-HQ-SML - Munkoyo Mining Ltd - 397.27 Hectares - earn in up tp 23.75% Interest

2. 34543-HQ-SML - Statunga Investments - 353.98 Hectares - GLR 75% Interest

3. 34545-HQ-SML - Statunga Investments - 384.00 Hectares - GLR 75% Interest

Thought I would ask AI for some input - just as a waddayareckon. What could be the impact of a deal on the market cap for GLR - restricted to Luansobe only.

"If Luansobe secures a significant deal—such as a JV with a major (e.g., similar to Anglo's past Zambia plays), offtake agreement, project financing, or outright sale—it could trigger a substantial rerate for Galileo Resources (GLR), given the project's JORC Inferred resource (~12.1Mt ore containing ~153kt Cu, across two approved mining licenses with Galileo's 75% interest equating to ~115kt attributable Cu), and proximity to small-scale production potential. This is amplified by the 2026 copper bull (prices ~$5.90/lb or ~$13,000/t), which improves economics and attracts partners amid supply shortages.

Expected Multiples based on recent Zambia copper deals, M&A comps, and junior mining valuation benchmarks (e.g., EV per tonne contained Cu for explorers/developers), here's what to anticipate:Share Price Rerate Multiple: 3-6x (conservative to optimistic). Juniors often see explosive short-term gains on deal news (e.g., Arc Minerals' shares initially surged ~50-100% on its 2025 Anglo JV announcement before later volatility).

For Galileo (current market cap ~£12), a Luansobe only deal could push cap to £36 - £72M, implying a 3-6x uplift, especially if the partner commits to funding development (e.g., drilling to upgrade resources or fast-track open-pit mining). In a hot market, 5-10x isn't unheard of for "transformational" deals.

That is without the Luansobe deeps which could dwarf everything else on that particular license area.

Interesting: https://x.com/futurist_lens/status/2014843599142453354

Interesting: https://x.com/Mark4XX/status/2014837046305509760

Updated: https://galileoresources.com/investor-relations/significant-shareholders/

Another TR1 is on its way soon?

Fortune favours the brave.

Website update https://galileoresources.com/projects-operations/molefe-copper-project/

He's now following @ColinBirdMining hmmm

Is this the guy @marcel_nally ?

I agree Chris, it's a reconnaissance drill. Similar pattern with Cobre in the early days. Find the location, then go from there. Now Cobre have BHP involvement, and we are smack in the middle of two licenses with BHP and others heavily invested in the one. We also have Sandfire sitting below the license. All good at this point.

The strategy has to be the Luansobe Open pit gets fast-tracked for near-term cash (top dollar needed), but the real tier-1 prize is retaining & drilling these deeps/underground for massive upside — possibly JV later. A split strategy maximises value. No deal announced yet, but interest will be strong. If Marcel Nally is in the mix then there has to be an element of developing the current deep non-open pit approved license, and also participating jointly in the 60mt+ 2.5% potential deeps along strike from the Mopani Mine ?

OK - https://marcelnally.com/about-me/ - notice he mentions Star ZInc - so I would expect some relationship or path crossing with CB.

Marcel Nally "Investor, founder, and project generator specialising in building new mining companies in frontier jurisdictions. Over 30 years of experience discovering, structuring, and scaling copper, gold, and base-metal ventures across Africa, the Middle East, and Southeast Asia. Co-founded Moxico Resources and helped take it from zero to a billion-dollar valuation. Expert in early-stage project origination, exploration strategy, government negotiation, capital raising, and unlocking resource opportunities others overlook. I work with high-net-worth investors, mining CEOs, and sovereign partners to open new jurisdictions, secure high-quality assets, and convert untapped geology into world-class mining companies. Always looking for new, undervalued projects. "

I think it's a good data point for asset valuation ..

And

The small-scale mining licences for the Luansobe copper project (held through Galileo's JV partner Statunga Investments Limited) were awarded in 2024 as two separate but adjoining licences:First licence (No. 34543-HQ-SML, covering the shallow open-pit amenable area, 354 hectares): Granted for a 10-year period from 24 April 2024. This was announced by Galileo Resources via RNS on 29 May 2024.

Second (additional) licence (No. 34545-HQ-SML, covering the deeper underground resource and exploration target area, 384 hectares): Granted for a 10-year period from 4 August 2024. This was announced via RNS on 25 October 2024 (with the effective date backdated to August).

The dates - 2024 - also tie in. Thanks Tray - great find.

Asking an AI Friend

The Closest Match in Zambia

The description aligns closely with Galileo Resources' Luansobe project (75% interest):JORC (2012) Inferred: ~5.8 Mt at 1% Cu (open-pit amenable, ~56,000 tonnes Cu) + ~6.3 Mt at 1.5% Cu (underground amenable, ~97,000 tonnes Cu).

Total contained copper: ~153,000 tonnes (with the underground portion near the ~95,000–100,000t mark quoted).

It has small-scale mining licences (2024 awards), ongoing optimization for near-term production, and is explicitly marketed as "buildable" for juniors.

This appears to be the standout example fitting the "not a monster, not perfect, buildable" narrative in recent years. Other juniors have potential but lack published JORC Inferred at this scale.In summary, there are probably only 1–3 such JORC Inferred copper resources in Zambia (Copperbelt or adjacent) that truly match this smaller, developer-friendly profile right now — with Luansobe being the most prominent and directly comparable. The space is thin because most viable smaller deposits have either been developed historically, lack modern JORC compliance, or are overshadowed by giants. High copper prices are encouraging more juniors, but few have reached this resource stage yet.