Shares in Galileo Resources PLC climbed by 7% following the release of its first laboratory results from drilling in Botswana, reflecting investor confidence in the company’s Kalahari Copperbelt strategy. Trading activity on the AIM market surged, with daily volumes doubling compared with the week-long average, underscoring heightened market interest in the explorer’s latest update.

Galileo’s small reverse circulation drilling programme on its wholly owned PL253 licence returned copper grades of up to 0.45% over 3 metres, with anomalous mineralisation encountered in four out of six holes drilled beneath the sand cover. This marks the first successful drill test in this section of the licence, following the identification of copper soil anomalies last year and represents a maiden validation of the company’s geological model in the Kalahari Copperbelt.

In response to the encouraging results, Galileo has scheduled a 1,500-metre infill drilling campaign for the third quarter, supported by a £2.1 million budget allocation. The upcoming programme will target strike extensions of the mineralised zone and include geophysical surveys to refine subsurface models. The company anticipates receiving final assay data by November, with a view to defining an initial exploration target by year end.