GALILEO RESOURCES PLC — M&A Activity 2020

Nov 25, 2020

National Storage Mechanism | Additional information

RNS Number : 4733G

Galileo Resources PLC

25 November 2020

Dissemination of a regulatory announcement that contains inside information according to Regulation (EU) number 596/2014 (MAR)

For immediate release

25 November 2020

Galileo Resources Plc

("Galileo" or "the Company")

Star Zinc Marketing Agreement

Galileo Resources plc ("Galileo "or the "Company") is pleased to announce that it has signed a  marketing agreement with Zopco S.A. ("ZopCo") in relation to the potential sale of zinc willemite ore from the group's 95% owned Star Zinc project in Zambia.  

Highlights

·     Zopco are a Geneva based independent trading company focussed on non-ferrous metals and concentrates

·     The appointment is on a global basis and a number of potential off-takes are being finalised

Colin Bird Chairman & CEO said:

"We are pleased to have entered into a marketing agreement with ZopCo who have extensive  market knowledge, and expertise. We have taken this decision to extend our options on the marketing of product from the Star Zinc project in what appears to be a rising zinc market." 

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC

Colin Bird, Chairman	Tel +44 (0) 20 7581 4477
Beaumont Cornish Limited - Nomad Roland Cornish/James Biddle	Tel +44 (0) 20 7628 3396
Novum Securities Limited - Joint Broker Colin Rowbury /Jon Belliss	+44 (0) 20 7399 9400
Shard Capital Partners LLP - Joint Broker Damon Heath	Tel +44 (0) 20 7186 9952

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