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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 8:36AM
Price at Release
$0.185
Full Release
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Summary
Galileo Mining Ltd released its quarterly cash flow report for the period ending 30 September 2025. The report highlights cash outflows in various areas including operating activities, investing activities, and financing activities. The company had a net cash outflow from operating activities amounting to $79,000, primarily due to staff costs and administration and corporate costs. Investing activities resulted in a $895,000 outflow directed towards exploration and evaluation, while financing activities had a minor outflow of $16,000 mainly related to lease payments. The total cash and cash equivalents at the end of the period were $8,746,000. The company expects to have approximately nine quarters of funding available based on the current cash burn rate. There were no dividends received or paid during the period, and no significant financing facilities were utilized or available at the end of the quarter.
Key Points
  • Net cash outflow from operating activities: $79,000
  • Cash outflow from investing in exploration and evaluation: $895,000
  • Cash and cash equivalents at period end: $8,746,000
  • Estimated nine quarters of funding available
  • No dividends received or paid
  • Minor outflow from financing activities: $16,000
  • No significant financing facilities utilized
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.