Three Copper Targets Discovered on PL253/2018

The Company is pleased to announce the results of its recently completed Terraleach soil survey over its wholly owned licence PL253/ 2018 in the Kalahari Copper Belt in Botswana. A recent geochemical survey has revealed three strong copper targets that are located both along structures proven to host copper mineralisation and in close proximity to announced copper mineralisation on neighbouring licences. The integrity of the results is underpinned by available information in the public domain relating to nearby deposits and also reflects Galileo's highly successful survey using metal-ion geochemistry (TerraleachTM)*. The results combined with proximal discoveries by third parties demonstrates the emerging potential for new discoveries in this under-explored portion of the Kalahari Copper Belt.

Highlights

• Three potential drill targets defined with a combined strike length of more than 6km. All targets are located within the southern sector of Licence PL253/2018 bisecting licences held by Cobre Limited ("Cobre"), the ASX-Listed company recently selected to participate in the "BHP Xplor Program" for 2024.
• Combining Galileo and Cobre soil anomaly maps (Cobre RNS 29 November 2023), the targets appear contiguous and associated with the same geological and structural features, subject to confirmatory follow-up work.
• Based on the close correlation with existing neighbouring projects, a fourth possible target area has been identified to the north of the recent discoveries and along strike of Cobre's Tlou target.
• The Company is considering its approach to follow up exploration leading to drilling of better defined targets.

Colin Bird Chairman and CEO commented "We are very pleased that our immediate neighbour Cobre Limited has been selected for the 2024 "BHP Xplor Program". This is indeed a commendation reflecting the Company's efforts and the quality of its Copper Belt licences. Importantly, current published information quite clearly shows our new targets to be contiguous with known targets and mineralisation on these highly prospective licences. Our own work is very positive underpinned by the TerraleachTM* geochemistry and we look forward to drilling these targets in the near-term."

Figure 1 - PL253_Galileo soil geochemical anomalies

*TerraleachTM: The technique is a partial leach method that assays for mobile ions which have migrated into the weathering zone, and which are only weakly or loosely attached to the surfaces of soil particles. Studies have shown that these ions have the ability to disperse through unmineralised rock and overburden to surface from depth, thus having the capacity to indicate buried mineralisation.

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