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We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. WebGet detailed information on GALILEO MINING LTD (GAL.AX) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. Public companies currently own 17% of Galileo Mining stock. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. Please enter the email address that you used to subscribe on Mining Weekly. Private companies may be related parties. Note: When you clear your default region you will be directed to the MiningWeekly.com home page regional edition associated with the geographic location of our IP address. Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. See historical performance and comparison, Metals and Mining Industry Average Movement. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. Macquarie says buy Santos shares now for 40% upside, The Galileo Mining share price is surging 150% today, The company has discovered major palladium, platinum, gold, copper, and nickel mineralisation, Galileo is exploring its 100% owned Norseman project in Western Australia, 6 metres at 2.21 g/t palladium, 0.37 g/t platinum, 0.11 g/t gold, 0.41% copper and 0.36% nickel from 159 metres, 1 metre at 2.66 g/t palladium, 0.41 g/t platinum, 0.14 g/t gold, 0.48% copper and 0.46% nickel from 176 metres. PERTH (miningweekly.com) Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at its Callisto palladium/nickel discovery, in Western Australia. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. But to understand Galileo Mining better, we need to consider many other factors. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Receive daily sector news alerts. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. The companys shares are currently trading at 50 cents apiece, a 150% gain. Click on the button below to clear your default MiningWeekly.com regional edition. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. It holds a 100% interest in the Norseman project that covers an area of 306 square kilometers located to the town of Norseman; and 67% interest Fraser Range Project covering an area of 602 square kilometers situated in the Albany-Fraser Orogen. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. Two nickel-copper sulphide target areas are on the radar for this initial campaign, representing the most compelling Only registered members can use this feature. We note that hedge funds don't have a meaningful investment in Galileo Mining. Legend Mining Ltd (ASX:LEG) managing director Mark Wilson brings Proactive up to speed on a mission to test the Octagonal prospects most exciting diamond drill targets. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. than 75% of Australian stocks over the past 3 months. WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Share price information may be rounded up/down and therefore not entirely accurate. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. 337927). Galileo Mining Ltd is an Australia-based mining and exploration company. The high level of interest has allowed us to complete the A$20.4-million placement with A$8.7-million of the funds coming from our major shareholders, Mark Creasy and IGO. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. So if the company itself can improve over time, we may well see more institutional buyers in the future. The energy sector lifted the market to a green finish today, with all four of the, Perenti (ASX:PRN) has secured a new five-year contract with mining giant and NYSE-listed Newmont at the, Almonty (ASX:AII) has continued construction works at its Sangdong tungsten mine in South Korea, with the, Peak Rare Earths (ASX:PEK) has tapped investors for $27.5 million to develop its Ngualla rare earth, Be the first with the news that moves the market, Arcadia Minerals (ASX:AM7) strikes sulphide copper and gold at Gamikaub, Namibia, Australian Strategic Materials (ASX:ASM) strikes feedstock supply deal with Vietnam Rare Earth Company, Santos (ASX:STO) faces fresh delay over sale of 5pc stake in PNG LNG project, Triton Minerals (ASX:TON) pockets $5m Shandong Yulong investment for Ancuabe graphite project, Everest Metals (ASX:EMC) finds fresh pegmatite targets through geophysical survey at Mt Edon, WA, Halo Food Co (ASX:HLF) secures multi-million dollar deal with Fonterra, ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD, Galileo Mining (GAL) raises $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA, The placement closed oversubscribed with cornerstone investments by major shareholders Mark Creasy and IGO, Galileo Mining is using the funds to expand drilling at the new discovery and for drilling at the Mission Sill and Jimberlana prospects, The placement will increase Galileos total cash balance to around $26.5 million, Galileo is up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. Please sign in or register. Overview Sign Up for Take Stock EMAILTHISARTICLE. This may be a strategic interest and the two companies may have related business interests. This discovery is being mined by successful nickel-copper-gold-zinc-silver producer IGO Group which also has interests in other companies active in the region. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. The company was originally privately owned by renowned prospector Mr Mark Creasy, and Galileo Managing Director Mr Brad Underwood spent eight years as General Manager of the Creasy Groups exploration at the Fraser Range and at Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. The Norseman project consists of granted exploration licences and is prospective for cobalt and nickel. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Share Registry. Brooke Cooper, April 30, 2023 | Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. This may not be consistent with full year annual report figures. Mr Creasy continues to be the largest shareholder, controlling approximately 27.5 percent of the Contact Details: Please read our Financial Services Guide before deciding whether to obtain financial services from us. Galileo is exploring its 100% owned Norseman project in Western Australia. We are currently completing our second RC drill campaign at Callisto with a geological update to be provided to the market on the completion of the program. Data is 20 mins delayed. Profile data is unavailable for this security. Meanwhile, private companies make up 30% of the companys shareholders. Galileo Mining Ltd announced that it has received AUD 20.4 million in funding from IGO Limited Jul 07 Galileo Mining Ltd Announces Geological Results from the We are currently completing our second reverse circulation (RC) drill campaign at Callisto with a geological update to be provided to the market on the completion of the program.. Postal Address: PO Box 415 West Perth WA 6872 P: +61 (0) 8 9324 2099 F: +61 (0) 8 9321 2337 E: info@galileomining.com.au W: The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Select your default regional edition of MiningWeekly.com. Monica completed a cadetship in 2013. The morning catch up: Markets finish April on a high ahead of rate Legend Mining eclipses nominal 2021 budget by completing 11,000 Legend Mining welcomes major shareholder support in Legend Mining lauds decade in the making drill program at Octagonal. In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Creasys Nova-Bollinger discovery helped start what is known as the Great Nickel Rush on Fraser Range. Sign up here, US STOCKS-S&P, Dow edge higher as JPMorgan gains; Fed meet in focus, Explainer-With Bluesky, Jack Dorsey has another go at Twitter-like service, Citi's Fraser warns U.S. debt ceiling debate has serious consequences, Apollo CEO on JPMorgan's First Republic deal: 'The strong get stronger', COLUMN-Funds go record short 5-year Treasuries, eye steeper US curve: McGeever. Hear our experts take on shares, the market & how to invest. With over 5 km of strike length at the Callisto discovery, and highly prospective targets at the Jimberlana and Mission Sill prospects, the potential for additional mineralisation is very high, said Underwood. WebThe current holdings of RMI directors. James Mickleboro. Galileo Mining Ltd (ASX:GAL)s Brad Underwood speaks with Proactives Elisha Newell about the $20.4 million the company has just raised to accelerate its exploration programs across its assets as it looks to aggressively explore the significant new palladium province within its Norseman Project area.The Placement received heavy backing - about The catalyst for the rise in the Galileo Mining share price on Monday has been news that one of the companys major shareholders has increased their stake. 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We take a look at how you could receive passive income from two iron ore miners. Galileo Mining (ASX:GAL) sees increasing grades at Callisto discovery, WA Galileo Mining (GAL) has recorded increasing palladium, nickel and copper grades at Carolyn Rebeiro 04 January 2023 10:58 (AEST) 783 views 2 minute read ASX News Materials Galileo Mining (ASX:GAL) strikes high-grade nickel sulphide at Callisto, WA May 1, 2023 | This lithium giant could still have room to climb higher from current levels according to one broker. With over five kilometres of strike length at the Callisto discovery, and highly prospective targets at the Jimberlana and Mission Sill prospects, the potential for additional mineralisation is very high, he said. The top 20 shareholders on listing held 57% of the stock. James Mickleboro. Your password will be sent to this address. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. Do the positives outweigh the negatives with BHP's shares? WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. May 1, 2023 | Email: [emailprotected] Bronwyn Allen. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. The Motley Fool has a disclosure policy. So they generally do consider buying larger companies that are included in the relevant benchmark index. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Creasy Group's principal Mark Creasy is a world-renowned prospector who was behind was behind Sirius Resources when it struck the jackpot at the Nova-Bollinger nickel-copper deposit on Fraser Range. Terms of use. Data delayed 15 minutes unless otherwise indicated. Listen to Our Podcast This can be negative in some circumstances. Copyright Proactive Group Holdings Inc, 2023. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. Our data indicates that Private Companies hold 30%, of the company's shares. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. WebGalileo Mining Ltd is an Australia-based mining and exploration company. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. WebGalileo Mining Limited. Shares in the base metals explorer are skyrocketing today. We also observed that the top 6 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. WebGalileo Mining Limited. Under the placement, Galileo will issue 17 million shares for $1.20 each. Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Phone: (03) 8592 4841 Galileo Mining has such a small amount of debt that we'll set it aside, and focus on the AU$6.9m in cash it held at December 2020. Note: When you select a default region you will be directed to the MiningWeekly.com home page of your choice whenever you visit miningweekly.com. The Motley Fool Australia has no position in any of the stocks mentioned. Galileo Mining Ltd (ASX:GAL) s Brad Underwood speaks with Proactive s Elisha Newell about the $20.4 million the company has just raised to accelerate its exploration programs across its assets as it looks to aggressively explore the significant new palladium province within its Norseman Project area. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. Company Buyback. Get Started Investing The Company's flagship projects are the Norseman and Fraser Range projects. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. You can do it. Automic Group Level 5, 191 St Georges Terrace Perth WA 6000 P: 1300 288 644 (within Australia) The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Well supported successful mining investor Mark Creasy and major mining company IGO are the largest shareholders Full Company Profile Request Mining Companies Videos Currently Playing The Assay TV Brad Underwood, Chairman & Managing Director, Galileo Mining (ASX:GAL) 23/5/2022 The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Ltd. is currently the company's largest We are delighted with the strong market support for our placement which puts us in an excellent position to expand the drilling programs at our recent Callisto palladium-nickel discovery, said MD Brad Underwood. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. The Top 20 Shareholders of GAL hold 0% of shares on issue. As reported in the most recent Annual Report. A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. Funds will be used to expand drilling at the new discovery, testing the five-kilometre prospective strike length, as well as drilling at the Mission Sill and Jimberlana prospects. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. SMARTER, HAPPIER, AND RICHER. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. It could be that they have de-merged. Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. Galileo said this shows the potential for a large mineralised system. separate emails by commas, maximum limit of 4 addresses, 6th July 2022 This article contains general investment advice only (under AFSL 400691). When multiple institutional investors want to buy shares, we often see a rising share price. WebName No. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. Australian Gold Resources Pty. Earnings have declined by 3.9% per year over past 5 years, Volatile share price over the past 3 months, Shareholders have been diluted in the past year, Capture your thoughts, links and company narrative. Let's find out. Authorised by Scott Phillips. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. Strong support for the placement validates the company's strategy of striving to replicate the success of Creasy Group and IGO in the prolific Fraser Range. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Get in touch with us directly. The above has been published by Proactive Investors Limited (the "Company") on its website and is made available subject to the terms and conditions of use of its website (see Sign up to receive alerts and news direct to your inbox. TO MAKE THE WORLD With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. In terms of relative price strength the Galileo Mining share price has Lets take a look at what Galileo Mining announced today. Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. See our Cookie Policy for more information. Drilling from 144m at hole NRC266 intersected with 33 metres at 1.64 grams per tonne (g/t) palladium, 0.28 g/t platinum, 0.09 g/t gold, 0.32% copper, and 0.3% nickel including: The 33 metre intersection is within a broader 55 metre disseminated sulphide zone. To access earlier articles, click Advanced Search and set an earlier date range.To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. On Legends Top 20 shareholder list Creasy Group is at the top with a 26.66% holding in Legend while IGO Ltd is second with a 14.12% stake. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. James Mickleboro. These audience insights are used to make our website more relevant. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. WebBrad Underwood, Managing Director of Galileo Mining (ASX: GAL) will provide shareholders with an overview of the recent announced assay results from recent d Brad Underwood, The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youve provided to them or that theyve collected from your use of their services. Galileo Mining Ltd is an Australia-based mining and exploration company. Legend Mining Limited's (ASX:LEG) two major shareholders remain fellow Fraser Range players Creasy Group and IGO Ltd (ASX:IGO) (OTCMKTS:IPGDF) following the company's recent $20 million capital raising. Under the placement, Galileo will issue 17 million shares for $1.20 Already Galileos top shareholder after folding projects owned by his private Creasy Group at Norseman and the Fraser Range into the 2018 float, Creasy sent its shares soaring even further to a record 86c after buying 3 million on market in the wake of the Callisto discovery. of Shares % Piedmont Lithium Limited: 1,000,383,020: 11.26: Citicorp Nominees Pty Ltd: 691,211,585: 7.78: HSBC Custody Nominees (Australia) Limited This setting is controlled by cookies and should your cookies be re-set you will then be directed to the regional edition associated with the geographic location of our IP address. FT is not responsible for any use of content by you outside its scope as stated in the. Have feedback on this article? Galileo Mining's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public, A total of 6 investors have a majority stake in the company with 50% ownership, Using data from company's past performance alongside ownership research, one can better assess the future performance of a company. Subscriptions are available via the Creamer Media Store. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. The placement will increase our total cash to approximately A$26.5-million and allow us to aggressively explore this significant new palladium province within our Norseman project area. Jul 4, 2022 Anthony Macdonald, We note that hedge funds don't have a meaningful investment in Galileo Mining. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. In May 2022 Galileo made a major Palladium-Platinum discovery at Callisto on the Norseman Project and is currently undertaking a resource drill out with numerous areas having potential for further PGE, nickel, copper and cobalt discoveries. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The company is exploring for high grade palladium-platinum-nickel-copper-cobalt resources at its Norseman project and large scale magmatic nickel copper deposits in the Fraser Range.

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