25 Nov Star Zinc Marketing Agreement

Posted at 09:51h in RNS by

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RNS Number : 4733G

Galileo Resources PLC

                             

Dissemination of a regulatory announcement that containsinside information according to Regulation (EU) number 596/2014 (MAR)

 

25 November 2020

Galileo Resources Plc

(“Galileo” or “the Company”)

 

Star Zinc Marketing Agreement

 

Galileo Resources plc (“Galileo “or the “Company”) is pleased to announce that it has signed a  marketing agreement with Zopco S.A. (“ZopCo”) in relation to the potential sale of zinc willemite ore from the group’s 95% owned Star Zinc project in Zambia.

 

 Highlights

  • Zopco are a Geneva based independent trading company focussed on non-ferrous metals and concentrates
  • The appointment is on a global basis and a number of potential off-takes are being finalised

 

Colin Bird Chairman & CEO said:

“We are pleased to have entered into a marketing agreement with ZopCo who have extensive  market knowledge, and expertise. We have taken this decision to extend our options on the marketing of product from the Star Zinc project in what appears to be a rising zinc market.”

 

You can also follow Galileo on Twitter: @GalileoResource

 

For further information, please contact: Galileo Resources PLC

 

Colin Bird, Chairman Tel +44 (0) 20 7581 4477
Beaumont Cornish Limited – Nomad

Roland Cornish/James Biddle

 Tel +44 (0) 20 7628 3396
Novum Securities Limited – Joint Broker

Colin Rowbury /Jon Belliss

 +44 (0) 20 7399 9400
Shard Capital Partners LLP – Joint Broker

Damon Heath

 Tel +44 (0) 20 7186 9952

 

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