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Investegate |Galileo Resources Announcements | Galileo Resources: Audited Results for the year ended 31 March 2020


 
·
Completed, 21 June 2019, an independent initial inferred resource estimate ( IRE ) for the Star Zinc project in accordance with JORC 2012
·
The IRE reports Inferred zinc resources with reasonable prospects of future economic extraction of approximately 500 000 tonnes at 16% Zn or 77 000 tonnes of contained metal above a cut-off grade of 2% Zn, including approximately 340 000 tonnes at 21% Zn for 72 000 tonnes of metal above a cut-off grade of 8% Zn
·
Raised £1,000,000 in placing, before expenses, to advance the Star Zinc Project and for general working capital purposes
·
Acquired unconditionally from BMR, the remaining 15% of the shares that the Company did not hold in Enviro Zambia Ltd, thereby increasing the Company s ownership in the Star Zinc Project to 95% with the Zambian government holding the other 5% Kashitu Zinc Prospect ( Kashitu ) ....

United States , United Kingdom , South Africa , City Of , Free State , South African , Colin Rowbury Jon Belliss , J Richard Wollenberg , Andrew Sarosi , Damon Heath , Ed Slowey , Roland Cornish , Colinbird Joel Silberstein , Christopher Molefe , Zopco Sa , Joel Silberstein , International Financial , Department Of Water , Registrar Of Companies , Enviro Mining Limited , Platinum Group Elements , Africibum Co Pty Ltd , International Accounting Standards Board , London Stock Exchange , Beaumont Cornish , International Financial Reporting Standards ,

Conditional Acquisition of Metrock Resources Ltd, 22 Dec 2020 01:00


and its mineral exploration licences in Southern Botswana,
comprising the Kanye Manganese project
 
 
Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce the conditional acquisition of 100% of Metrock Resources Ltd ( Metrock ) and its manganese mineral exploration licences in Southern Botswana comprising the Kanye Manganese Project.
 
 
·    4,043 sq km land package with 125 km of potential on trend manganese mineralisation across the licences 
·    Trenching results have yielded in the case on one prospect of between 53% and 74% manganese oxide ( MnO )
·    Bezant will acquire 100% of Metrock by i) issuing 150,000,000 new shares to settle   £405,000 and ii) issuing 31,800,000 unlisted options exercisable at 0.40 pence per share up to 30 September 2024 and deferred consideration of £225,000 also to be settled in new shares should an Indicated Resource be delineated and settle Me ....

Black Reef , United Kingdom , South East , Botswana General , City Of , Kwgakgwe Hillk Hill , Beaumont Cornish , Jon Belliss , Modisana Botsile , Edward Ed Slowey , Roland Cornish , Christian Cordier , Kanye Managnese , Institute Of Geologists Ireland , Cypress Sources Pty Ltd , Coastal Minerals Pty Ltd Incorporated , Bezant Shares To Breamline Pty Ltd , Beaumont Cornish Limited , Taupone Group , Novum Securities Limited Broker , Metrock Resources Ltd , Ma Wealth Pty Ltd , Company Nomad , Tonehill Pty Ltd , Coreks Super Pty Ltd , Metrock Resources ,