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Galileo Mining Maintains Strong Cash Position Amid Increased Exploration Spend

Story Highlights
  • Galileo Mining generated modest positive operating cash flow as interest and grants offset corporate costs.
  • Exploration spending was partly funded by lithium farm-in proceeds, keeping cash near A$9.1 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Galileo Mining Maintains Strong Cash Position Amid Increased Exploration Spend

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An announcement from Galileo Mining Ltd. ( (AU:GAL) ) is now available.

Galileo Mining reported a modest positive operating cash flow of A$30,000 for the December 2025 quarter, with interest income and government grants offsetting staff and corporate costs. The company invested A$664,000 in exploration and evaluation during the quarter but was able to partially fund this through A$1 million received from farm-in and joint venture lithium rights over its tenements, resulting in net investing cash inflows of A$336,000 and leaving quarter-end cash and equivalents at A$9.1 million. Overall cash movements for the quarter were relatively stable, with limited financing activity and lease payments of A$16,000, suggesting Galileo remains well funded for ongoing exploration while leveraging partnerships to support its project pipeline.

The most recent analyst rating on (AU:GAL) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Galileo Mining Ltd. stock, see the AU:GAL Stock Forecast page.

More about Galileo Mining Ltd.

Galileo Mining Ltd is an Australian mining exploration company focused on identifying and developing mineral resources, with activities typical of early-stage explorers rather than producers. The company’s operations centre on exploration and evaluation of tenements, supported by corporate and administrative functions funded through its cash reserves and periodic capital market activity.

Average Trading Volume: 298,065

Technical Sentiment Signal: Buy

Current Market Cap: A$39.52M

See more data about GAL stock on TipRanks’ Stock Analysis page.

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