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Galileo Mining Ltd. ( (AU:GAL) ) has issued an update.
Galileo Mining Ltd has commenced a 5,000-meter aircore drilling program at its Norseman project in Western Australia, targeting Platinum Group Elements (PGEs) such as palladium and platinum. This initiative follows promising assay results from previous drilling campaigns and aims to expand the current JORC resource of 1.27Moz PdEq. The project is part of Galileo’s strategy to enhance its position as a key player in the Australian PGE sector, with potential new discoveries expected to significantly increase the resource base and create value from its extensive tenement holdings.
More about Galileo Mining Ltd.
Galileo Mining Ltd is an Australian company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of Platinum Group Elements (PGEs), including palladium, platinum, and rhodium, with a significant market focus on its Norseman project in Western Australia.
Average Trading Volume: 219,029
Technical Sentiment Signal: Hold
Current Market Cap: A$32.61M
See more insights into GAL stock on TipRanks’ Stock Analysis page.