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Galileo Mining Ltd (ASX:GAL)

ALERT: Price-sensitive ASX Announcement for GAL
Current share price for GAL : $0.115 -0.125 (-52.08%)+
Announcement
Release
3 Feb 2026 8:28AM
Price at Release
$0.240
Full Release
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Summary
Galileo Mining Ltd has announced significant drill results confirming the presence of platinum group elements (PGE) mineralisation at their Norseman project in Western Australia. The results from recent reverse circulation (RC) drilling at the Mission Sill prospect showed consistent mineralisation near the surface, with multiple drill holes recording anomalous PGE levels exceeding 0.4 g/t. This indicates a potential larger mineralised system beneath the surface. The first deep exploration drill beneath the Callisto resource is planned to investigate further mineralisation. Additionally, new metallurgical work is planned in response to rising metal prices. Galileo Mining is well-funded with over $9 million to continue exploration efforts at their Norseman project, focusing on high-value PGE-gold deposits.
Key Points
  • Diamond core drilling will target potential mineralisation beneath the Callisto resource.
  • New metallurgical test work planned for increased metal prices.
  • RC drilling confirmed anomalous PGE mineralisation near the surface at the Mission Sill prospect.
  • Approximately 2,000m of RC drilling was conducted in December 2025.
  • Results show broad intersections of PGE greater than 0.4 g/t.
  • Galileo has over $9 million in funding for further exploration.
  • Upcoming diamond drilling will test beneath the Callisto resource.
  • The Norseman project is prospective for palladium, platinum, nickel, copper, cobalt, and rhodium.
  • The Callisto deposit was discovered in 2022, with an initial resource estimate reported in 2023.
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.