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An update from Galileo Mining Ltd. ( (AU:GAL) ) is now available.
Galileo Mining reported a strong financial position at the end of December 2025, with approximately A$9.1 million in cash, bolstered by a A$1 million tranche-2 payment from joint venture partner Mineral Resources under the Norseman Lithium Farm-In and Joint Venture. While the final A$1.5 million JV payment remains outstanding, the temporary suspension of the full JV allows Mineral Resources to carry out low-impact, self-funded exploration, preserving Galileo’s funding flexibility and maintaining momentum at Norseman.
Operationally, Galileo advanced its 100%-owned Norseman Project with high-grade gold and PGE hits from aircore drilling at the Mission Sill prospect, confirming a more than 10km prospective Eastern Contact Zone, and completed a 2,000m RC drilling program targeting PGE and gold at Mission Sill, Jimberlana South and Callisto North, with assays due in late January to early February. A large-scale gravity survey of over 3,000 stations was also completed to sharpen geological models and refine drill targets for 2026, while a technical review of its 67%-owned Fraser Range JV continued, positioning the company to prioritise new exploration campaigns and strengthen its role in an emerging mineral district of considerable scale.
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 exploration company focused on nickel, cobalt, platinum group elements (PGEs), gold and lithium, with key projects at Norseman and in the Fraser Range of Western Australia. The company advances its assets through systematic drilling and geophysical programs and leverages joint venture partnerships, such as its lithium farm-in and JV with Mineral Resources Ltd, to support non-dilutive funding and expand its exposure to battery and precious metal markets.
Average Trading Volume: 298,065
Technical Sentiment Signal: Buy
Current Market Cap: A$39.52M
For an in-depth examination of GAL stock, go to TipRanks’ Overview page.