Galileo Mining has amarket capitalisationof about $81 million. GALILEO MINING Australian Gold Resources Pty. The company on Wednesday said that it has already received firm commitments for the placement. Contact Details: Stock summary - Australian Stock Market - Small Caps Legend Mining two major partners remain at top of shareholder So if the company itself can improve over time, we may well see more institutional buyers in the future. Monica is a journalist with experience working for Daily Mail Australia in Sydney and the Port Pirie Recorder and the Flinders News in South Australia. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. See historical performance and comparison, Metals and Mining Industry Average Movement. Note: When you clear your default region you will be directed to the MiningWeekly.com home page regional edition associated with the geographic location of our IP address. Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week. However, high insider ownership can also give immense power to a small group within the company. The company was originally privately owned by renowned prospector Mr Mark Creasy, and Galileo Managing Director Mr Brad Underwood spent eight years as General Manager of the Creasy Groups exploration at the Fraser Range and at Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Data delayed 15 minutes unless otherwise indicated. Macquarie says buy Santos shares now for 40% upside, The Galileo Mining share price is surging 150% today, The company has discovered major palladium, platinum, gold, copper, and nickel mineralisation, Galileo is exploring its 100% owned Norseman project in Western Australia, 6 metres at 2.21 g/t palladium, 0.37 g/t platinum, 0.11 g/t gold, 0.41% copper and 0.36% nickel from 159 metres, 1 metre at 2.66 g/t palladium, 0.41 g/t platinum, 0.14 g/t gold, 0.48% copper and 0.46% nickel from 176 metres. GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. FT is not responsible for any use of content by you outside its scope as stated in the. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Already Galileos top shareholder after folding projects owned by his private Creasy Group at Norseman and the Fraser Range into the 2018 float, Creasy sent its shares soaring even further to a record 86c after buying 3 million on market in the wake of the Callisto discovery. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. May 1, 2023 | April 29, 2023 | IGO has reported EBITDA of $533 million and net profit after tax of $412 million for the March quarter. In their own names, insiders own AU$12m worth of stock in the AU$155m company. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. This may be a strategic interest and the two companies may have related business interests. Monica completed a cadetship in 2013. The Motley Fool Australia has no position in any of the stocks mentioned. Australian Gold Resources Pty. Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. Have feedback on this article? Jul 4, 2022 Anthony Macdonald, In the last year, its cash burn was Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. For the Year Ended 30 June 2018 For personal use only - ASX Galileo Mining Ltd (ASX:GAL) s Brad Underwood speaks with Proactive s Elisha Newell about the $20.4 million the company has just raised to accelerate its exploration programs across its assets as it looks to aggressively explore the significant new palladium province within its Norseman Project area. Drilling from 144m at hole NRC266 intersected with 33 metres at 1.64 grams per tonne (g/t) palladium, 0.28 g/t platinum, 0.09 g/t gold, 0.32% copper, and 0.3% nickel including: The 33 metre intersection is within a broader 55 metre disseminated sulphide zone. Top 20 Shareholders NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). The Motley Fool has a disclosure policy. This setting is controlled by cookies and should your cookies be re-set you will then be directed to the regional edition associated with the geographic location of our IP address. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. We take a look at how you could receive passive income from two iron ore miners. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Galileo said this shows the potential for a large mineralised system. Brooke Cooper, April 30, 2023 | Galileo Mining (ASX:GAL) sees increasing grades at Callisto discovery, WA Galileo Mining (GAL) has recorded increasing palladium, nickel and copper grades at Carolyn Rebeiro 04 January 2023 10:58 (AEST) 783 views 2 minute read ASX News Materials Galileo Mining (ASX:GAL) strikes high-grade nickel sulphide at Callisto, WA When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. Galileo Mining Share Price - ASX:GAL Stock Research | Stockopedia You can do it. Galileo Mining Ltd (GAL.AX) - Yahoo! The billionaire prospector extraordinaire is credited with Well supported successful mining investor Mark Creasy and major mining company IGO are the largest shareholders Full Company Profile Request Mining Companies Videos Currently Playing The Assay TV Brad Underwood, Chairman & Managing Director, Galileo Mining (ASX:GAL) 23/5/2022 Our latest articles and strategies for the post-work life you want. These cookies are used to deliver our website and content. Top 20 By Shareholder. Commenting on the news, managing director Brad Underwood said: While we are at an early stage in the discovery process, the thick and consistent zone of mineralisation, and the extensive prospective strike length, suggests the potential for a large mineralised system. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. This discovery is being mined by successful nickel-copper-gold-zinc-silver producer IGO Group which also has interests in other companies active in the region. EMAILTHISARTICLE. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Galileo Mining The Top 20 Shareholders of GAL hold 0% of shares on issue. As reported in the most recent Annual Report. A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. Creasy Group's principal Mark Creasy is a world-renowned prospector who was behind was behind Sirius Resources when it struck the jackpot at the Nova-Bollinger nickel-copper deposit on Fraser Range. Ltd. is currently the company's largest It also reflects the success Legend had has with its systematic approach to exploration which has resulted in a string of impressive results, including recently from the Mawson discovery. Galileo Mining Companies Like Galileo Mining (ASX:GAL) Are In A Position To Private companies may be related parties. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Under the placement, Galileo will issue 17 million shares for $1.20 Note: When you select a default region you will be directed to the MiningWeekly.com home page of your choice whenever you visit miningweekly.com. To make the world Smarter, Happier, And Richer. Company Buyback. Galileo Mining Ltd is an Australia-based mining and exploration company. Galileo Mining Investor Webinar - YouTube Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. Email: [emailprotected] Use our equities screener to discover other potential opportunities. Profile data is unavailable for this security. Galileo Mining Ltd is an Australia-based mining and exploration company. Legend Mining doubles down on seismic survey for Rockford Project, Astro Resources delivers 50% increase in indicated resources at Fe Limited continues operation ramp-up at JWD Iron Ore Project; South Harz Potash well positioned as global economic and political Emyria initiates pre-clinical studies for MDMA-inspired analogues. The company is exploring for high grade palladium-platinum-nickel-copper-cobalt resources at its Norseman project and large scale magmatic nickel copper deposits in the Fraser Range. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. We are currently completing our second RC drill campaign at Callisto with a geological update to be provided to the market on the completion of the program. Company Overview - Galileo Mining The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The Motley Fool Australia operates under AFSL 400691. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. 13 Colin Street West Perth WA 6000 . Hear our experts take on shares, the market & how to invest. Galileo Mining ASX:GAL Stock Report - Simply Wall St The energy sector lifted the market to a green finish today, with all four of the, Perenti (ASX:PRN) has secured a new five-year contract with mining giant and NYSE-listed Newmont at the, Almonty (ASX:AII) has continued construction works at its Sangdong tungsten mine in South Korea, with the, Peak Rare Earths (ASX:PEK) has tapped investors for $27.5 million to develop its Ngualla rare earth, Be the first with the news that moves the market, Arcadia Minerals (ASX:AM7) strikes sulphide copper and gold at Gamikaub, Namibia, Australian Strategic Materials (ASX:ASM) strikes feedstock supply deal with Vietnam Rare Earth Company, Santos (ASX:STO) faces fresh delay over sale of 5pc stake in PNG LNG project, Triton Minerals (ASX:TON) pockets $5m Shandong Yulong investment for Ancuabe graphite project, Everest Metals (ASX:EMC) finds fresh pegmatite targets through geophysical survey at Mt Edon, WA, Halo Food Co (ASX:HLF) secures multi-million dollar deal with Fonterra, ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD, Galileo Mining (GAL) raises $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA, The placement closed oversubscribed with cornerstone investments by major shareholders Mark Creasy and IGO, Galileo Mining is using the funds to expand drilling at the new discovery and for drilling at the Mission Sill and Jimberlana prospects, The placement will increase Galileos total cash balance to around $26.5 million, Galileo is up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. Get in touch with us directly. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. The high level of interest has allowed us to complete the A$20.4-million placement with A$8.7-million of the funds coming from our major shareholders, Mark Creasy and IGO. Do the positives outweigh the negatives with BHP's shares? Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors.
Uc Irvine Summer Programs For High School Students, Ohio Health Obgyn Athens Ohio, Swimsuits For Cellulite Thighs, Articles G