Galileo Mining Ltd. (AU:GAL)
ASX:GAL
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Galileo Mining Ltd.
(Sydney:GAL)
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Rating:46Neutral
Price Target:
AU$0.12
▼(-41.00% Downside)
Action:Reiterated
Date:05/13/26
The score is held down primarily by weak and volatile operating performance with ongoing negative operating/free cash flow, alongside bearish technicals (price below key moving averages, negative MACD, very low RSI). A strong, low-leverage balance sheet provides partial support but does not offset the current lack of earnings and cash generation.
Positive Factors
Low leverage and sizable equity base
Very low debt and roughly A$47M of equity give Galileo durable financial flexibility for multi-stage exploration. A strong capital base reduces immediate refinancing risk, supports continued drilling and permitting, and improves negotiating leverage for farm-outs or joint ventures.
Negative Factors
Persistent negative operating and free cash flow
Consistent operating cash deficits and materially negative free cash flow mean Galileo cannot self-fund exploration at scale. Over months this increases reliance on external financing, raises dilution risk, and constrains the pace of resource definition and de-risking activities critical to creating long-term shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and sizable equity base
Very low debt and roughly A$47M of equity give Galileo durable financial flexibility for multi-stage exploration. A strong capital base reduces immediate refinancing risk, supports continued drilling and permitting, and improves negotiating leverage for farm-outs or joint ventures.
Read all positive factors
Galileo Mining Ltd. (GAL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$22.73M
Dividend YieldN/A
Average Volume (3M)464.60K
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue GrowthN/A
EPS Growth-118.75%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding197,624,920
10 Day Avg. Volume506,679
30 Day Avg. Volume464,598
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.48
Price to Sales (P/S)39.83
P/FCF Ratio-5.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Galileo Mining Ltd. Business Overview & Revenue Model
Company Description
Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. It holds a 100% interest in the Norseman project that covers an area...
How the Company Makes Money
Galileo Mining Ltd. does not typically generate recurring operating revenue because it is primarily an exploration-stage miner; instead, it is generally funded through capital raising (e.g., issuing new equity) and, where applicable, receipts rela...
Galileo Mining Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 568.15K | 5.00M | 0.00 | 3.17K | 68.50K |
| Gross Profit | -85.02K | 568.15K | -82.23K | -68.21K | -67.04K | -16.63K |
| EBITDA | -1.66M | -1.07M | 3.46M | -1.46M | -1.12M | -603.11K |
| Net Income | -649.92K | -1.16M | 3.37M | -1.53M | -1.19M | -688.24K |
Balance Sheet | ||||||
| Total Assets | 48.18M | 47.65M | 48.27M | 44.71M | 25.01M | 19.51M |
| Cash, Cash Equivalents and Short-Term Investments | 9.10M | 9.74M | 13.62M | 14.46M | 7.02M | 5.40M |
| Total Debt | 99.92K | 131.28K | 0.00 | 55.05K | 111.76K | 59.32K |
| Total Liabilities | 540.25K | 653.15K | 871.22K | 1.44M | 655.49K | 267.86K |
| Stockholders Equity | 47.64M | 46.99M | 47.40M | 43.28M | 24.35M | 19.24M |
Cash Flow | ||||||
| Free Cash Flow | -1.61M | -3.86M | -6.00M | -12.05M | -4.46M | -3.22M |
| Operating Cash Flow | -148.93K | -736.91K | -23.66K | -1.07M | -1.04M | -554.61K |
| Investing Cash Flow | -2.02M | -3.08M | -760.19K | -11.18M | -3.42M | 1.84M |
| Financing Cash Flow | -61.80K | -59.98K | -55.05K | 19.68M | 6.08M | -81.76K |
Galileo Mining Ltd. Technical Analysis
Negative
0.20
Price Trends
0.15
Negative
0.19
Negative
0.19
Negative
Market Momentum
-0.01
Positive
33.48
Neutral
30.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GAL, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.15, and above the 200-day MA of 0.19, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.48 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GAL.
Galileo Mining Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$49.93M | -4.43 | -25.04% | ― | ― | 80.64% | |
47 Neutral | AU$25.10M | -0.17 | 74.51% | ― | 139.07% | 99.73% | |
46 Neutral | AU$22.73M | -36.49 | -1.37% | ― | ― | -118.75% | |
44 Neutral | AU$29.02M | -11.42 | -13.50% | ― | ― | 3.73% | |
42 Neutral | AU$13.99M | -11.13 | -108.69% | ― | ― | 60.47% | |
40 Underperform | AU$25.60M | -0.85 | -227.69% | ― | ― | ― |
* Basic Materials Sector Average
AU:GAL
Galileo Mining Ltd.
0.12
<0.01
9.09%
AU:COB
Cobalt Blue Holdings
0.08
0.02
26.15%
AU:MRC
Mineral Commodities Ltd
0.03
0.00
0.00%
AU:G6M
Group 6 Metals Limited
2.50
0.00
0.00%
AU:LGM
Legacy Minerals Holdings Ltd.
0.13
-0.05
-29.73%
AU:SUH
Southern Hemisphere Mining Limited
0.02
-0.01
-34.48%
Galileo Mining Ltd. Corporate Events
Galileo Mining Targets Expanded PGE Zones with Norseman Drill Program
May 4, 2026
Galileo Mining has reported that new gravity and induced polarisation surveys at its Mission Sill prospect in Norseman align closely with known platinum group metal mineralisation, reinforcing the geological model used at its Callisto resource. Th...
Galileo Mining Burns Cash on Exploration but Maintains Strong Balance
Apr 21, 2026
Galileo Mining reported its quarterly cash flow for the period ended 31 March 2026, highlighting that it remains a pre-revenue explorer with costs centred on staff, administration and exploration work. The business relies on interest income and oc...
Galileo Mining Advances Norseman Exploration With Strong Cash Position
Apr 21, 2026
Galileo Mining reported it remains well funded with approximately A$8.2 million in cash at the end of the March quarter, supporting multiple high-impact exploration programs at its Norseman Project in Western Australia. The company continues to em...
Galileo Mining Highlights New PGE Sulphide Zones at Norseman Mission Sill
Mar 18, 2026
Galileo Mining has reported new reverse circulation drill results from the Mission Sill prospect at its Norseman project, showing consistent zones of anomalous palladium, platinum, copper and nickel sulphide mineralisation in fresh rock. The disse...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.