General Update

 RNS Number : 2179Y

Galileo Resources PLC

1 March 2017

Galileo Resources Plc

(“Galileo” or “the Company”)

General Update


In light of the recent rise in the Company’s share price, the Board would like to take this opportunity to remind Shareholders of the Company’s current activities:


·     The Company’s principal focus remains on its Concordia copper project in South Africa; as announced on 15 February 2017, an exploratory drilling programme is underway to test the reliability of certain geophysics anomalism in identifying mineralisation targets;


·     The Company has farmed out an interest in the Silverton gold prospect in Nevada, USA to Orogen Gold Plc (as announced on 27 June 2016); as announced on 9 January 2017, Orogen are assessing the recent exploratory drilling results prior to consideration of further work; and


·     The Company continues to investigate potential avenues for disposal or development in relation to its JV in the Glenover phosphate project.


There are no new material developments.





For further information, please contact:


Galileo Resources PLC

Colin Bird, Chairman

Tel +44 (0) 20 7581 4477

Andrew Sarosi, Executive Director

Tel +44 (0) 1752 221937

Beaumont Cornish Limited   Nomad  

Roland Cornish/James Biddle

Tel +44 (0) 20 7628 3396

Beaufort Securities Limited – Broker

Jon Belliss

Tel +44 (0) 20 7382 8416



This information is provided by RNS

The company news service from the London Stock Exchange