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For actual absolution

 

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4 October 2017

Galileo Resources Plc

(“Galileo” or “the Company”)

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Star Zinc Activity Update  

Highlights

·     The Company has reviewed, at accepted metal prices, an absolute absolute conceptual study (a) undertaken on the Star Zinc Activity (“Project”) during 2015

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·     The Company’s analysis of the bread-and-er archetypal demonstrates, a conceptual projected IRR of 77% with NPV of $18m (10% abatement rate), a 1-year aftereffect at accepted prevailing Zinc prices of $3000/tonne (t) and $9.1m capex

 

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·     Galileo intends to admit a fast clue conduct programme in adjustment to advancement the accepted non- adjustable ability and to analysis the abeyant to access the ability size: estimated amount ± $350k with allotment accepted out of absolute banknote resources

 

·     This programme envisages, initially twin-hole conduct in the accepted non-compliant ability in adjustment to advancement it to JORC cipher (2012) compliance, followed by new conduct to analysis the abeyant to extend the aerial brand ability east and west and in new arena to the south

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·     The accident of aerial brand (>50%

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