Update on Sale of 2 Kalahari Copper Belt Licences

In brief · summary, not quotable

Galileo Resources Plc has announced that all conditions precedent have been met for the sale of two Kalahari Copper Belt licences to Metal Capital Exploration Limited, a subsidiary of Sandfire Resources Limited, for US$3 million. Completion of this share purchase agreement is expected around September 30, 2026.

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Galileo Resources plc (" Galileo “or the "Company") is pleased to announce that all the conditions precedent have been met in relation to its conditional share purchase agreement entered into on 15 June 2026 with Metal Capital Exploration Limited (“Metal Capital”), a wholly owned subsidiary of ASX-listed Sandfire Resources Limited (Sandfire), with Sandfire acting as purchaser guarantor.

Accordingly, Completion of the share purchase agreement (as defined in the 16 June RNS) is anticipated to occur on or around 30 September 2026.

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