New Risk • Mar 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (UK£23k revenue, or US$31k). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£12.1m market cap, or US$16.2m). Announcement • Mar 03
Galileo Resources Plc Provides Update on Drill Targeting at Ferber Property, Nevada Galileo Resources Plc Phase 1 exploration and data integration programme has generated a number of priority drill targets at its' 100% owned Ferber Property under the terms of a Royalty and Exploration Agreement ("the Agreement") with Bronco Creek Exploration Inc. ("BCE"), a wholly-owned subsidiary of Elemental Royalty Corporation. Highlights: The BCE team has compiled a Targeting Report setting out a series of priority drill targets at the Ferber project as envisaged under the terms of the Agreement with Galileo and in return Galileo will grant a 0.33% perpetual NSR Royalty. The targets were generated through new mapping, geochemical and geophysical programmes on the ground integrated with an extensive historic database, leveraging BCE's wide experience over mineral deposits in the Nevada- Utah region. Mapping and rock dating at Ferber has identified Eocene igneous rocks associated with the mineralising hydrothermal system, analogous in age to the large historic Battle Mountain deposit complex and the Carlin gold trend deposits in Nevada. Four target areas have been selected focussed on skarn-hosted and porphyry-type mineralisation over a 20 square kilometre area, dividend into two priority categories. The proposed Reconnaissance Drilling programme incorporates over 3,000m of core drilling in up to eight holes testing high and medium priority targets. Historic drill intercepts included 12.2m @ 0.83% Cu and 10.7m @ 0.53g/t Au, while periodic mining included the Martha Washington mine where production was reported to average 6% Cu, 16% Pb and 14 oz/ton Ag. The Company will now initiate the process of permitting, logistical preparation and obtaining quotes from suitable contractors with the aim of commencing drilling in the first half of 2026. The Property, located 40 kilometres south of Wendover in Elko County, Nevada, comprises a series of patented and unpatented claims covering an area of about 30 square kilometres. The Ferber District consists of a multi-phase Eocene igneous complex intruding Pennsylvania-Permian age carbonates. The limestone units are domed around the intrusive.ble and skarn are developed at the margin of the intrusive complex. The sedimentary and intrusive rock is cut by faults of various orientations. Polymetallic mineralisation occurs as c ontact skarn and replacement in limestone and the intrusive. possible structurally controlled sediment hosted gold deposits are present, as well as a porphyry base metals/gold target. Copper-lead-silver-gold deposits were discovered in the area in the 1880s. Ore was shipped from the Martha Washington, Big Chief, Regent and other small mines intermittently over the years. Limited production figures for the mines list 97,878 pounds copper, 192,613 pounds lead, 11,851 ounces silver. Cordex Exploration, Royal Gold and FMC Corporation have conducted exploration in the area since 1980s-1990s. Numerous surface samples have been collected during historic exploration along with limited, mostly shallow, drilling. Reported drill intercepts include 2.37g/t Au over 4.6m and 0.53g/t gold over 10.7m as well as 0.83% Cu over 12.2m. Individual grab samples collected by Galileo from old workings and dumps have ranged up to 10.8g/t Au, 674g/t Ag, 4.19% Cu, 8.71% Pb and 7.62% Zn. In addition, assaying for a limited range of other elements has shown anomalous levels of bismuth and arsenic which are on the US list of critical minerals. Technical Sign-Off Technical information in this announcement has been reviewed by Edward (Ed) Slowey, BSc, PGeo, Technical Director of Galileo. Mr. Slowey is a geologist with more than 40 years' relevant experience in mineral exploration and mining, a founder of the Institute of Geologists of Ireland and is a Qualified Person under the AIM rules. Mr. Slowey has reviewed and approved this announcement. Slowey has reviewed and approve this announcement. New Risk • Jan 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (UK£23k revenue, or US$32k). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£13.1m market cap, or US$18.0m). Announcement • Dec 07
Galileo Resources plc Reports Commencement of Drilling At the Molefe Project Galileo Resources Plc reported completion of the planned Phase 1 exploration programme aimed at delineating priority drill targets at its' 100% owned Ferber Property under the terms of a Royalty and Exploration Agreement with Bronco Creek Exploration Inc., a wholly-owned subsidiary of Elemental Royalty Corporation. Work completed as part of the Phase 1 Target Generation programme include mapping over a total area of approximately 70km, with collection of 109 rock grab samples for assay. Following discovery of mineralised workings and bedrock alteration west of the existing claim holding, a further 89 claims were staked to extend the property. A soil sampling programme was carried out traversing the property and analytical results are to be collated. Completion of a ground gravity survey highlighted major structures and potential drill targets. Further historic data was obtained, including full airborne and ground magnetic coverage, IP survey results and additional drill data. New data generated by the Phase 1 Galileo/BCE work will be integrated with the historic exploration information and modelled to develop Phase 2 priority Reconnaissance Drilling targets in line with the agreement between the companies. Once Phase 1 data integration is completed BCE will provide Galileo with a final data compilation and a Targeting Report and in return Galileo will grant a 0.33% perpetual NSR Royalty. The Phase 2 Reconnaissance Drilling program is anticipated in the first half of 2026, as soon as weather, permitting, and drill availability allow. Announcement • Oct 06
Galileo Resources Plc, Annual General Meeting, Oct 28, 2025 Galileo Resources Plc, Annual General Meeting, Oct 28, 2025. Location: druces llp, sixth floor, 99 gresham street, ec2v 7ng, london United Kingdom New Risk • Sep 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (UK£301k revenue, or US$410k). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£12.0m market cap, or US$16.3m). 
