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Galileo Mining Ltd (ASX:GAL)

ALERT: Price-sensitive ASX Announcement for GAL
Current share price for GAL : $0.115 -0.04 (-25.81%)+
Announcement
Release
22 Apr 2026 8:26AM
Price at Release
$0.155
Full Release
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Summary
Galileo Mining Ltd released its quarterly cash flow report for the period ending 31 March 2026. The company reported net cash used in operating activities was AUD 156,000 for the current quarter and AUD 206,000 for the nine-month period. The main cash outflows were for staff costs and administration. In investing activities, the company spent AUD 707,000 on exploration and evaluation, resulting in a net cash outflow of AUD 707,000 for the quarter. There were no significant financing activities during this period, with a net outflow of AUD 16,000 from lease payments. The closing cash balance was AUD 8.217 million, providing an estimated funding of 9.5 quarters. Payments to related parties amounted to AUD 76,000 for the quarter. The report complies with ASX Listing Rule 19.11A and was authorized for release by the board on 22 April 2026.
Key Points
  • Net cash outflow of AUD 156,000 in operating activities for the quarter.
  • AUD 707,000 spent on exploration and evaluation.
  • Closing cash balance of AUD 8.217 million.
  • Estimated 9.5 quarters of funding available.
  • No significant financing activities undertaken.
  • Payments to related parties totaled AUD 76,000.
  • Report complies with ASX Listing Rule 19.11A.
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.