Update on Sale of 2 Kalahari Copper Belt Licences
Galileo Resources PLC
18 September 2026
18 September 2026
Galileo Resources Plc
(“Galileo” or the “Company”)
Update on Sale of 2 Kalahari Copper Belt Licences for US$3 million
to Sandfire Resources Limited group
Galileo Resources plc ("Galileo “or the "Company") is pleased to announce that all the conditions precedent have been met in relation to its conditional share purchase agreement entered into on 15 June 2026 with Metal Capital Exploration Limited (“Metal Capital”), a wholly owned subsidiary of ASX-listed Sandfire Resources Limited (Sandfire), with Sandfire acting as purchaser guarantor.
Accordingly, Completion of the share purchase agreement (as defined in the 16 June RNS) is anticipated to occur on or around 30 September 2026.
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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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