Member Info for JuniorLassonde

Https://x.com/robert_ivanhoe/status/1994438237264527447

When did you sell out given your thinking is so amazing?

Great question Coyote. I do not know the cut off grade for Molefe which would help, but there might be a proxy for that. Also tonnage increases after several years etc.

Galileo brings front‑end geological, exploration and mine planning capability; Jubilee brings operating mines, in‑country processing (Sable) and project execution experience in Zambia.​ The collaboration is explicitly framed as a platform, not a one‑off: Molefe is the first project in an initiative to identify small‑to‑medium copper deposits across the Copperbelt and take them “from any stage to cash‑flow".

Near term, Molefe relies on Jubilee’s Sable plant, giving quick monetisation of high‑grade feed without new capex by Galileo.​

Medium term, the partners plan an on‑site leach / solid–liquid separation / precipitation circuit designed around the low‑grade ROM and stockpile, effectively turning stranded sub‑1% copper into a second revenue stream and extending mine life.

Molefe is already producing: c.80ktpm mined, 3.5–4.5ktpm of high‑grade ROM at +2% Cu sent to Sable; target is 8.5ktpm by Q3 FY2026, equating to roughly 200tpm of contained copper into Sable under a tolling arrangement. Target is 8,500 tpm of high‑grade ore by around Q3 FY2026.

And Luansobe, Ka$hitu, Kalahari, Kamativi negotiations run in parallel.

So bothering to read the RNS in full, seeing the strategic implications, and being positive on the content is being an 'ultra ramper' whereas diving straight right in with negative commentary is being ok... got it... Have you not sold yet - you will get enough to fill up your petrol tank..

I doubt some of the moaners have even read the RNS - just straight in there, spouting negative gibberish from non holders. 😂.😂.😂.

1.For Galileo: Gains exposure to a near-production asset with short-term revenue potential, diversifying from its other Zambian projects (e.g., Shinganda, Luansobe, Western Foreland) and Zimbabwean lithium at Kamativi. The low entry cost ($700k for 23.75%) offers upside in a rising copper market, with minimal initial risk.

2. For Jubilee: Accelerates Molefe's development without sole funding burden, tapping Galileo's exploration IP to expand resources and identify satellites. It supports Jubilee's strategy of scaling Zambian operations, where Molefe was paused briefly in mid-2025 for redesign but resumed ramp-up in September.

3. Synergies: The collaboration creates a "total solution" for Zambian copper, from greenfield exploration to processing, POTENTIALLY REPLICABLE for other sites.

'Galileo's board includes Colin Bird, Jubilee's former chair, and Christopher Molefe, a current non-executive director of Jubilee. Christopher Molefe recused himself from both the Galileo and Jubilee boards consideration of this agreement.'

Usual suspects moaning about a share they keep being invested in, and not understanding the wider picture.

Or maybe they are not invested at all ... :-)

Money full. So what would the logical next step be?

I reckon most of the 'uber moaners' are not invested. If they expect nothing, then why stay invested? Unless of course they are not invested.

BS does not believe Galileo will make progress. And it sounds like he does not want the company to make progress for reasons best known to him.

This RNS shows serious strategic progress.

Moneyman - The incentive for a deal is massive given the open pit aspects, high copper price, tonnage, and blue sky potential across assets. e.g. A past RNS demonstrated the potential for a open pit aspect in one part of Shinganda as well. Shinganda, Luansobe up and running providing cashflow, while they explore the remaining assets is a good thing. Ka$hitu will be sold or rented out in some form - again - cashflow. IMO. In the Kalahari Cobre are going great guns next door. Kamativi - Lithium is back on the radar.

I genuinely do not understand your conclusion Moneyman. Things can happen in Parallel.

"The Molefe Mine is an open-pit copper mine located in Zambia, primarily focused on extracting high-grade copper ore. It is owned and operated by Jubilee Metals Group, a Zambia-focused copper producer that has shifted its strategy toward copper production in the region. The mine, formerly known as Munkoyo Mine, represents a key asset in Jubilee's portfolio, supporting their processing facilities like the Sable Zinc Kabwe refinery. It contributes to Zambia's significant copper mining sector, which is a cornerstone of the country's economy, particularly in the Copperbelt and surrounding areas."

"Molefe Mine is situated near the Sable Zinc Kabwe operations in Zambia's Central Province, approximately 180 km from the Roan processing facility. This proximity allows for efficient delivery of run-of-mine (ROM) ore to the Sable refinery for further processing into copper cathode. The site's location benefits from improved power supply agreements, minimizing outages that have historically affected Zambian mining operations."

"This ramp-up aligns with Jubilee's pivot to a "pure Zambia-focused copper producer," boosting quarterly production by 65% year-over-year as of September 2025."

Just one project - I expect Luansobe open pit will either be sold, or will feed as part of several satellite mining companies into Jubilee's processing facility.

Some will hate the deal because it represents progress. Others will love the deal because they can join the dots.

I Agree Chri5p. Jubilee is focusing on Zambia, and Copper, and CB has the assets - ready to roll, contacts and skills to make more of what they have. Game changer IMO.

It’s a strategic move that makes a lot of sense. It gives options. If Luansobe open pit is sold separately then the package could include sending it through the jointly held pre processing facility. I expect CB will want to keep the deeps to be sold off to the Mopani crew.

It’s A monetisation agreement, requiring a small investment of £ but also skills and expertise from GLR to get a decent % of the project in collaboration with Jubilee who have the processing capabilities to turn ROM into Cathode. The mention of satellite projects feeding this capability might include Luansobe which would mean getting £$ from ownership of Luansobe, as well as a cut of the share of the Molefe mine. It’s a processing hub, and spoke (smaller mining outfits feeding it) model which makes sense to me. Presumably there is a podcast to explain it further. Updates on the assets in December will be something to watch out for. I think it’s a good strategy for some assets.

You are irrelevant BS. Clearly a very jealous person. Good luck to all the decent folk on here.

We are sitting on Amazing assets. Colin acquired them. Let Colin negotiate without interference. The deals will come. Be positive folks - send out good karma. There are several on here who have made small fortunes previously through being positive, patient, and supporting their investments. I sold out of a private company earlier this year after many years for an amount that has made my kids lives far easier than I ever had. Having come from an extremely humble background I can tell you now, hard work, patience and positivity pays off. We are nearly there. I genuinely hope the deals make life easier for Funky and his wife, and of course all shareholders who have had a tough time of it. I am sure Colin does as well.

Iky, you are the guy who claims that CB is watching you closely, that you have folks on the inside, that the City boys are coming around to CB, and that his Twitter handle is not his (even though it is shown on the Galileo Website), and that various deals are about to land. I am just basing my comments on my own experience in negotiating 'stuff' commercially. The deal will land at some point no doubt.