Galileo Mining listed on the Australian Securities Exchange (ASX) under the code GAL on the 29th May 2018, raising $15 million in IPO funding.
The Company is focused on the exploration and development of palladium, nickel, copper, and cobalt resources in Western Australia.
Galileo’s 100%-owned tenements near Norseman are highly prospective for palladium-copper-nickel sulphide deposits as highlighted by the Callisto discovery in 2022.
The Norseman Project contains a near surface laterite deposit with over 26,000 tonnes of contained cobalt, and 122,000 tonnes of contained nickel, in JORC Compliant Mineral Resource.
The Company also has Joint Ventures with the Creasy Group over tenements in the Fraser Range which are prospective for nickel-copper sulphide deposits similar to the operating Nova mine.
Prior to ASX listing, Galileo was privately owned by renowned prospector Mark Creasy while Galileo Managing Director Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration within the Fraser Range and at Norseman regions.
Mr Creasy continues to be the largest shareholder with a 27.6% shareholding along with ASX Listed IGO Ltd (ASX:IGO) with 8.3% and Directors and management with a 5.9% shareholding.
Registered as a private company wholly-owned by Mark Creasy
Acquired the Norseman project
Initial drilling conducted at Norseman
Updated JORC Compliant Mineral Resource completed at Norseman
Listed on the ASX under the ticker GAL, raising $15 million in IPO funding
Nickel Sulphides confirmed at Fraser Range project
Major discovery at Norseman Project – Significant palladium-platinum-copper-nickel sulphide discovered from RC drilling at the Callisto prospect
Ongoing drilling and exploration programs at the Norseman Project