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Galileo Resources ( (GB:GLR) ) has provided an announcement.
Galileo Resources PLC reported a profit of £2,172,112 for the six months ended 30 September 2024, primarily due to the sale of its interest in Glenover. The company made significant progress in its Zambian projects, including obtaining small-scale mining licenses for the Luansobe Copper Project, which could lead to open-pit and underground mining operations. Additionally, Galileo advanced its Shinganda Copper-Gold Project with successful drill programs and continued development of the Kashitu Zinc Project, aiming for cooperative mining with local stakeholders. These developments indicate Galileo’s strengthened position in the mining industry and its potential for increased shareholder returns.
More about Galileo Resources
Galileo Resources PLC is an exploration and development mining company primarily engaged in mining operations and resource exploration in Zambia. The company’s main focus is on copper and gold projects, with significant interests in the Luansobe Copper Project, Shinganda Copper-Gold Project, and other exploration ventures in the region.
YTD Price Performance: -16.67%
Average Trading Volume: 1,511,927
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £10.18M
Learn more about GLR stock on TipRanks’ Stock Analysis page.