Business
Molefe Project Drilling Update, Zambia
Galileo Resources Plc has commenced drilling at its Molefe Project in Zambia following a co-operation and development agreement with Jubilee Metals Group PLC signed on November 27, 2025. Two resource drilling holes have been completed out of an anticipated ten-hole program, with immediate objectives to sustain the current production profile for three months, replace depleted resources within six months, and implement regional reconnaissance drilling for long-term life of mine extension. Disclaimer*
About this update from Galileo Resources Plc
[{"type":"text","content":"\n\n3 December 2025\n \nGalileo Resources Plc\n(\"Galileo\")\nMolefe Project Drilling Update, Zambia\n \nGalileo Resources Plc (AIM:GLR) is pleased to report the commencement of drilling at the Molefe Project post signing of a conditional co-operation and project development agreement on 27 November 2025 (the \"Collaboration Agreement\") with Jubilee Metals Group PLC (AIM:JLP, Altx:JBL) (\"Jubilee\").\n \nHighlights\n \n· Resource drilling commenced with two holes, out of an expected approximately 10 hole programme, completed to date post signing of the Collaboration Agreement.\n \n· Immediate objective to maintain the current production profile for a further 3 months, a mid-term 6-month aim to replace depleted resources and in the longer-term, implementation of a programme of regional reconnaissance drilling to extend the life of mine. \n \n \nColin Bird, chairman of Galileo said \"We are very pleased that drilling has commenced in line with the Collaboration Agreement. I look forward to reviewing initial results aimed at underpinning production goals whilst we undertake reconnaissance drilling of the general area\".\n \n \n \nGalileo/Jubilee Molefe Collaboration Agreement\n \nPlease refer to RNS dated 28 November 2025\n \n \n \nTechnical Sign-Off\n \nTechnical information in this announcement has been reviewed by Edward (Ed) Slowey, BSc, PGeo, Technical Director of Galileo. Mr Slowey is a geologist with more than 40 years' relevant experience in mineral exploration and mining, a founder member of the Institute of Geologists of Ireland and is a Qualified Person under the AIM rules. Mr Slowey has reviewed and approved this announcement.\n \nYou can also follow Galileo on Twitter: @GalileoResource\nFor further information, please contact: Galileo Resources PLC\n \n\n\n\n\nColin Bird, Chairman\n\n\nTel +44 (0) 20 7581 4477\n\n\n\n\nBeaumont Cornish Limited - Nomad\nRoland Cornish/James Biddle\n\n\nTel +44 (0) 20 7628 3396\n\n\n\n\nNovum Securities Limited - Joint Broker\nColin Rowbury /Jon Belliss\n\n\n+44 (0) 20 7399 9400\n\n\n\n\nShard Capital Partners LLP - Joint Broker\nDamon Heath\n\n\nTel +44 (0) 20 7186 9952\n\n\n\n\n \nThe information contained within this announcement is deemed by t...