Galileo Shares Up On Rare Earth Resource Estimate

Mining Weekly reported that shares of Galileo Resources (LSE:GLR) soared on its announcement of the resource estimate at Glenover.

As quoted in the market news:

Late last month, the company announced an indicated and inferred independent gross resource estimate of 28.93-million tons at 1.24% total rare-earth oxides at Glenover which, between 1957 and 1984, was mined for phosphate by mining major Gold Fields.

Click here to read the full Mining Weekly report.