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Period under review · Galileo acquired 100% of Botswana-incorporated Crocus-Serv (Pty) Ltd ( Crocus ), whose assets comprise of 21 copper and nickel-PGE (Platinum Group Elements) exploration Prospecting Licences ( PLs ) in the highly prospective Kalahari Copper Belt ( KCB ) and the Limpopo Mobile Belt ( LMB ) in western and eastern Botswana respectively. The consideration of £163,020 for the acquisition comprised the issue of a total 38,814,246 new Galileo ordinary shares of 0.1p at 0.42p each and a separate cash payment of £10,828. · The Company commenced development of an exploration programme for the KCB properties. · The Company s subsidiary, Crocus, submitted, in terms of the Botswana Environmental Assessment Act (2011), a draft Environmental Management Plan ( EMP ) for the KCB project to the Department of Environmental Affairs ( DEA ) Botswana for review. ....
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