EDITOR: | July 26th, 2013 | 2 Comments

Galileo’s ‘suite of resources’ advantage: phosphate, scandium, niobium and rare earth elements

| July 26, 2013 | 2 Comments
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Weslosky-BirdJuly 26, 2013 – Tracy Weslosky, Publisher of InvestorIntel.com interviews Colin Bird, Chairman and CEO for Galileo Resources Plc (‘Galileo’, AIM: GLR) on an update on their ‘suite of resources’ advantage that includes phosphate, scandium, niobium and rare earths. Starting out with a discussion on their flagship property — the Glenover Phosphate concession, Colin explains how this property has produced phosphate in the past, and was formerly operated by Goldfields before being taken over by Ferminore. Galileo, which is earning up to 51% interest in the Project, with an option to increase its interest further to 74.73%, currently has earned in a 29.71% interest.

The former phosphate mine that has “around 3 million tonnes of stockpiled material out of a total resource of almost 29 million tonnes at 1.24 per cent rare earth…” and with an experienced management team with proven technical and commercial background, the phosphate is now subordinated to Rare Earth Elements (REEs). The project area is known to contain REEs and that the grades, if of sufficient size and continuity may well lead to a medium-sized operation for the production of REOs.

In Zambia, the Company can acquire a 35% earn-in interest with option to purchase an additional 15% interest in the rare-earth Nkombwa Hill Project prior to feasibility study. Intensive surface sampling over the last 18 months has identified two drill-ready targets having significant levels of REE mineralisation. Kilogram-scale outcrop (rock chip) samples have returned rare earth contents of up to 23.6% TREO; exploration samples collected over the entire carbonatite complex that contain more than 1% TREO average 3.58% TREO.

Disclaimer: Galileo Resources is an advertorial member of InvestorIntel.


Tracy Weslosky

Editor:

Tracy Weslosky is the CEO of InvestorIntel Corp., a company formed to provide investor relations in 2001 that today now provides online media marketing, social ... <Read more about Tracy Weslosky>


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Comments

  • Lifton, Kingsnorth, Bird and Hatch lift Rare Earth Market Interest | InvestorIntelInvestorIntel

    […] statistics surrounding the market demand for magnets. Add in the interview with Colin Bird on Galileo’s ‘suite of resources’ advantage: phosphate, scandium, niobium and rare earth elements…(AIM: GLR) and it was an excellent week overall here at […]

    July 30, 2013 - 12:55 PM

  • Oracle promises a rare earth market poised for recovery | InvestorIntelInvestorIntel

    […] Resource’s carbonatite and ‘suite of resources’ advantage. On July 26th, my interview with Colin Bird, Chairman and CEO for Galileo provided InvestorIntel viewers with an update on the company’s flagship property – the Glenover Phosphate concession – and that the […]

    September 8, 2013 - 3:58 PM

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