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Galileo Mining Ltd. ( (AU:GAL) ) has provided an update.
Galileo Mining Ltd has announced the preparation for a drilling campaign at its Fraser Range project in Western Australia, targeting four high-priority electro-magnetic sulphide targets. The campaign, scheduled to begin in May 2025, aims to explore potential nickel, copper, and gold deposits. Additionally, the company has been awarded up to $180,000 in Exploration Incentive Scheme funding to test for mineralization beneath the Callisto Deposit at Norseman. This strategic move could significantly enhance Galileo’s resource base and strengthen its position in the mining sector.
More about Galileo Mining Ltd.
Galileo Mining Ltd is an exploration company operating in the mining industry, primarily focusing on the exploration and development of nickel, copper, and gold deposits in Western Australia. The company is engaged in identifying and testing high-priority mineral targets, aiming to discover economically viable resources.
YTD Price Performance: -8.33%
Average Trading Volume: 76,046
Technical Sentiment Signal: Buy
Current Market Cap: A$21.74M
See more insights into GAL stock on TipRanks’ Stock Analysis page.