Galileo Resources PLC
21 August 2026
21 August 2026
Galileo Resources Plc
("Galileo" or the "Company")
Luansobe Licence Update
The Board of Galileo Resources Plc advises on an update on the Small-Scale Mining Licences numbers 34543/HQ/SML and 34545/HQ/SML (hereinafter collectively referred to as "The Licences") and which together form the Luansobe Copper Project. Galileo's 75% interest in Luansobe is held through a JV Agreement with Statunga Investments Limited ("Statunga") dated 30 December 2021.
Further to the announcement of 14 July 2026, the Company and Statunga continue to maintain their legal position regarding the ownership of the Licenses and continue to pursue the matter through all possible legal avenues.
The Company and Statunga however, are in dialogue with key stakeholders in order to arrive at an amicable solution. Once this process has satisfactorily concluded, shareholders will be advised as to the outcome.
You can also follow Galileo on Twitter: @GalileoResource
For further information, please contact: Galileo Resources PLC
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Colin Bird, Chairman |
Tel +44 (0) 20 7581 4477 |
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Beaumont Cornish Limited - Nomad Roland Cornish/James Biddle |
Tel +44 (0) 20 7628 3396 |
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AlbR Capital Limited - Joint Broker Colin Rowbury /Jon Belliss |
+44 (0) 20 7469 0930 |
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Shard Capital Partners LLP - Joint Broker Damon Heath |
Tel +44 (0) 20 7186 9952 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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