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Galileo Mining Ltd (ASX:GAL)

ALERT: Price-sensitive ASX Announcement for GAL
Current share price for GAL : $0.110 -0.075 (-40.54%)+
Announcement
Release
27 Oct 2025 8:34AM
Price at Release
$0.185
Full Release
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Summary
Galileo Mining Ltd's Quarterly Activities Report for September 2025 highlights significant progress in its exploration projects primarily focused on the Norseman and Fraser Range areas. The company remains well-funded with $8.75 million in cash as of September 30, 2025. The exploration at the Norseman project included a 4,300-meter aircore drill program that confirmed a 10-kilometer continuous PGE (Platinum Group Elements) mineralization along the Eastern Contact Zone at the Mission Sill prospect. Notable drill results included palladium, platinum, and gold intersections showcasing the potential of the region. The Fraser Range joint venture, held 67% by Galileo, continued with data interpretation from previous drilling activities. The company, focusing on long-term shareholder value, plans further RC drilling to target high-potential zones and expand its understanding of the mineral systems.
Key Points
  • Galileo Mining Ltd remains well-funded with approximately $8.75 million in cash.
  • Significant PGE mineralization identified at Norseman's Mission Sill prospect.
  • 4,300 meters of aircore drilling conducted with notable palladium, platinum, and gold assay results.
  • Planned follow-up RC drilling at Mission Sill and Callisto Deeps to further explore potential.
  • Fraser Range joint venture project continues data interpretation and exploratory planning.
  • Corporate changes include the stepping down of Non-Executive Director Ms. Cecilia Camarri.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.