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Galileo Mining Ltd (ASX:GAL)

ALERT: Price-sensitive ASX Announcement for GAL
Current share price for GAL : $0.120 0.01 (9.09%)+
Announcement
Release
22 Jul 2026 8:27AM
Price at Release
$0.110
Full Release
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Summary
Galileo Mining Ltd has announced promising rock chip sampling results at a new drill target located 2km from the Callisto deposit within its Norseman Project in Western Australia. This new target has identified mineralised outcrops over a 40m strike, revealing the first surface occurrence of mineralised fresh rock in the area. Previous drilling near this target has returned encouraging PGE results, and an aircore drilling program is planned to further explore this potential mineralisation. The project area holds the significant Callisto deposit, renowned for its PGE potential akin to South Africa's Platreef deposits, and continues to be a focal point of Galileo's exploration initiatives for PGE, nickel, copper, and cobalt.
Key Points
  • New rock chip sampling results have identified a prospective drill target 2km from Callisto.
  • The target area shows significant potential for mineralisation with mineralised outcrop identified over 40m of strike.
  • Previous drilling showed promising results with anomalous platinum group elements (PGE) near the target.
  • An initial aircore drilling program is planned to explore mineralisation around the outcrop.
  • This prospect lies within the larger Norseman Project, which has multiple PGE targets and mineral resources.
  • The Callisto deposit is a significant PGE resource in the Norseman Project, likened to the Platreef deposits in South Africa.
  • Galileo Mining is focusing on the exploration of PGE, nickel, copper, and cobalt in Western Australia.
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.