Member Info for JuniorLassonde

Cognitive dissonance at play there BS. Some of the comments you have made have been awful, full of jealousy and spite. Fortunately Galileo has the assets and a strong tailwind behind it now.

Great for Ka$hitu deal making : https://goldtrack.io/zinc

Rebound to recovery: https://x.com/paola_rojas/status/1997910315497869383

One recent investor just put in over £0.5m. https://www.londonstockexchange.com/news-article/GLR/holding-s-in-company/17251576. There are plenty just below 3% (IYKYK) and we have another on 3.91% and I expect another TR1 on that... sentiment is lifting.

Some interesting thoughts there Harmprof. I agree 'prioritising projects with a payback of under two years secures quick cash flow and reduces risk'. GLR has a similar strategy on that front with a few near term cash producing assets (three) and other aspects thrown into the mix given its exploration portfolio potential. Seems like the stars are aligning for both companies. I wonder what other collaboration aspects are in the pipeline (if). But it seems to make sense.

2/2

galileo has two genuine near-term cash assets (luansobe open-pit & ka****u) that most juniors never reach . it has three or four genuine tier-1 upside shots (luansobe deeps, western foreland (huge asset amazing location), shinganda (big iocg), kalahari pl39/pl40 next to khoemacau mine) that majors will want if we get it proven up. it also has non-core zimbabwe & ferber usa that can be flipped for cash + royalties/bonuses if the truth machine drills results are ok.

Latest scores on the door IMO

01. Luansobe Open Pit - Sale & Profit Share

02. ka$hitu - Sale & Profit Share

03. Molefe Mine / Profit Share

04. Shinganda

05. Luansobe underground/Deeps

06. Ferber

07. Western foreland

08. Kalahari - Sale PL253, PL039, PL040 with bonus potential

09. Kamativi - Sale - plus % royalty

10. Bulawayo -Sale plus % royalty

It looks like a 'flywheel' strategy.

a) Create Cash Runway: 1,2,3 go to development/production-ready assets for their low-risk, high-NPV profile - avoids future dilution used for:

b) Continue De-Risked Exploration for the big prizes: 4,5,6,7 - retain high % of the asset funded by 1,2,3 0 then JV when value built in

c) Cash bonuses - 8,9,10 - Sell with retained interest - low % of the asset retention

In 10 days time we three months into the 'within five months' comment CB made in the 17th September RNS for a Luansobe Deal.

Shinganda does have open pit potential as well as other large deposit IOCG potential - but as yet there is no mining license on that asset.

GLA.

The Khoemacau Copper Mine, located in Botswana's Kalahari Copper Belt, is primarily owned and operated by MMG Limited a global mining company majority-controlled by China Minmetals Corporation (a state-owned enterprise). MMG completed its acquisition of the mine in March 2024 for an enterprise value of approximately US$1.875–1.88 billion.

The Khoemacau Zone 5 mine (including its portal and concentrator) remains approximately 5-15 km north of the northern boundary of PL039/2018, with PL040/2018 contiguous to the east/southeast. This proximity aligns with the shared fold structures (Mowana Fold for Khoemacau and Galileo Fold for the licenses), making it highly strategic for potential discoveries. All good.

Those two licenses are very well located. Meanwhile PL253 has copper discoveries either side of the license.

You are correct Coyote. Three RNSs in eight days (Molefe farm-in signed, Molefe drilling started straight away, and Ferber looking interesting in Nevada) is proper momentum by anyone’s standards, yet the volume was basically zero and the price didn’t budge much. That’s on us, not the company. We bang on for months about “where’s the news?” and it's now starting to come in. You are spot on: this is a public board. New money reads it. If all they see is negativity after a string of genuinely positive updates, why would they buy? The Junior Mining sector is finally twitching again – copper over $12k/tonne, lithium bouncing, zinc moving – and Galileo’s got boots on the ground in Zambia and the US with more news coming.

For a £10m market cap that’s a decent hand to be holding . Less whining, more highlighting the good stuff when it actually happens. If we want the share price to reflect progress, we’ve got to stop talking it down every time progress shows up. Looking forward to the Luansobe update :-)

Current spot price $5.45/lb copper = $12,015 per tonne (rounded).

CB has done an amazing job in building the portfolio of assets that we have. The strengths in that portfolio are obvious. The weaknesses are communications which overrides the assets in a low liquidity share. However when further deals start landing that result in serious £ compared to market value then the market will quickly forget the comms weakness and will focus on the £market cap multiple potential. It’s coming and anyone buying now could make a double digit multi bagger IMO.

Interesting: https://x.com/GoldTelegraph_/status/1996937482722500672

Nice one Chris. You have achieved huge success previously, and you will do it again massively of that I am sure!

No need to do a deal then ;-)

Harmprof, GLR has two approved mining licenses at Luansobe. One immediately fits the bill of a potential spoke and is not far from Roan - in Ndola. Its JORC states 5.6mt @1%. Little overburden to remove with a 0.25% cut off when copper prices were much lower than now. JLP previously made an informal offer which was rejected. On August 19th JLP' strategy presentation stated 'Discussions are in progress with an established mining and exploration partner (singular) to implement the further expanded Munkoyo and develop Project G while undertaking an exploration program of the newly secured exploration properties within the area' I am not sure if GLR will be involved with Project G in some capacity, however it is now obvious that the partner for Molefe has been announced! I also do not believe that Project G is the Luansobe open pit which is 75% owned by GLR. That is as far as I know. In addition GLR has potential open pit availability at its Shinganda license - which I know they want to monetise while they drill out the remainder of the asset. The Luansobe license has another mining license within it owned by GLR which can be reached down-ramp from the open pit and is adjacent a potential 65mt @2.37% copper potential (Per the ZCCM Days) which would need to be proved. It is next to the Mopani mine and is believed to be along strike so has interest from the owners of Mopani for obvious reasons. Mopani has a deal on processing with JLP. It looks like there are synergies.

Harmprof. I did a lot of research. Looks like links between JLP and GLR are increasing so as an investor I need to keep tabs.

It is where they place the drills, not so much how many Metaltrade. The objectives are clear at this point.

The evidence is that Galileo are drilling and have already reported completionof two holes. That is good news surely?

GLR reported 20% of the way through the 10 hole drill campaign yesterday. With a mobile rig I expect them to be onto the next 20% this week. They are not hanging around.

Yet it is odd that some stay invested.

Glenover was sold. Sandfire licenses were sold (with a bonus depending on JORC size). And he recently said - 17th September "- As announced, at Luansobe its preferred option remains a direct sale or JV which it hopes to achieve during the next 5 months;" He also just delivered a Molefi mine deal on a monetised asset.