Galileo Resources posts a loss of £419,627 for the year to the end of March compared with a loss of £10,726,785 last time.
The loss represents 0.3p per share against the loss in 2015 of 9.4p per share.
On 17 November 2015 the Company acquired an interest in the Concordia Copper concession, which is situated in the Okiep district of the Northern Cape Province of South Africa.
The Okiep district was at one time one of the largest copper producing provinces in the world
At 2:20pm: (LON:GLR) Galileo Resources share price was 0p at 1.53p