Galileo Mining Ltd. (AU:GAL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Galileo Mining Ltd has solidified its financial position with a $13.6 million cash reserve, further boosted by a $7.5 million agreement with Mineral Resources Limited for lithium exploration rights. The company has begun a 2,700m drilling campaign near their Callisto deposit, uncovering more zones of palladium and platinum, with follow-up drilling and geophysical surveys planned to uncover new mineral deposits. This robust financial and exploration activity positions Galileo Mining for potential new discoveries in nickel, PGEs, and gold at their Norseman and Fraser Range projects.
For further insights into AU:GAL stock, check out TipRanks’ Stock Analysis page.