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Galileo Mining Ltd (ASX:GAL)

ALERT: Price-sensitive ASX Announcement for GAL
Current share price for GAL : $0.130 0.01 (8.33%)+
Announcement
Release
28 Jul 2026 8:31AM
Price at Release
$0.120
Full Release
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Summary
During the June 2026 quarter, Galileo Mining Ltd focused its exploration efforts on the Norseman Project, targeting platinum group metals through extensive drilling and geophysical surveys. The discovery of a new mineralised ultramafic sill beneath the Callisto Resource marked a significant advancement, suggesting a larger magmatic system. A 5,000 metre aircore drilling program commenced, targeting Mission Sill and Callisto South, supported by refined geophysical data. The company remains well-funded with A$7.5 million at the end of the quarter and anticipates further discoveries across its extensive Norseman holdings.
Key Points
  • Galileo Mining Ltd advanced exploration at the Norseman Project, focusing on platinum group metals (PGM).
  • Diamond drilling beneath the Callisto Resource identified a new mineralised ultramafic sill.
  • A 5,000 metre aircore drilling program targeted high-priority sulphide zones at Mission Sill and Callisto South.
  • Geophysical surveys refined drill targets at the Mission Sill prospect, indicating strong potential for additional PGM discoveries.
  • The company maintained a strong cash position of approximately A$7.5 million as of 30th June 2026.
  • Galileo Mining holds a 100% interest in the Norseman Project, covering 255 km² with prospects for palladium, platinum, nickel, copper, cobalt, and rhodium.
  • Future work includes assay results interpretation, evaluation of PGM targets, and planning follow-up exploration.
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.