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Galileo Mining Ltd (ASX:GAL)

ALERT: Price-sensitive ASX Announcement for GAL
Current share price for GAL : $0.135 0.015 (12.50%)+
Announcement
Release
10 Aug 2026 8:28AM
Price at Release
$0.120
Full Release
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Summary
Galileo Mining Ltd, focused on the exploration and development of palladium-platinum, nickel, copper, and cobalt resources, has significant tenements at the Norseman Project in Western Australia. The company has defined PGM target zones and identified a new gold prospect. Key highlights include the Callisto deposit, discovered in 2022, which is the first of its type in Australia and shows potential for economic extraction using conventional methods. The Callisto deposit's maiden mineral resource estimate was reported in 2023 with notable contents of palladium, nickel, and copper. Further exploration at the Fraser Range, in joint venture with the Creasy Group, continues to target significant nickel-copper sulphide deposits similar to the Nova mine.
Key Points
  • Galileo Mining Ltd focuses on PGE, nickel, copper, and cobalt resources.
  • The Norseman Project is 100% owned by GAL, including the Callisto Discovery.
  • Callisto deposit discovered in 2022, analogous to South Africa's Platreef deposits.
  • The maiden mineral resource estimate for Callisto was reported in 2023.
  • Callisto mineralisation is suitable for conventional extraction methods.
  • GAL holds joint ventures in the Fraser Range targeting nickel-copper sulphide deposits.
  • New gold prospects identified at Norseman, requiring further drilling.
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.