We look forward to updating the market with results from this exciting new West Australian discovery., Edited by: Creamer Media Reporter EMAIL THIS ARTICLE SAVE THIS ARTICLE Earnings have declined by 3.9% per year over past 5 years, Volatile share price over the past 3 months, Shareholders have been diluted in the past year, Capture your thoughts, links and company narrative. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. Galileo Mining has amarket capitalisationof about $81 million. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. This holding is probably worth investigating further. Currency figures normalised to Galileo Mining Ltd's reporting currency: Australian Dollar AUD, Create detailed alerts and get notified the moment an event happens, See how trades would have performed from years past or start from the present, Download PDF copies of reports from the newspaper markets data page, View the performance of global markets and browse news items by region, Find companies based on country, sector, and other equity characteristics, View funds that move the market, screen for funds and read relevant news, All markets data located on FT.com is subject to the. The company explores for cobalt, nickel, lithium, and copper, as well as nickel sulphides. Galileo Mining (ASX: GAL) latest news, share price, company information, stock chart and announcements on Australia's #1 site for investors, Small Caps. Institutional investors commonly compare their own returns to the returns of a commonly followed index. 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. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. For story tips and broker tips, email me at, By clicking this button, you agree to our, Galileo Mining share price explodes 150% on major discovery, How Id generate $400 in monthly passive income from 2 ASX 200 iron ore shares. It's always worth thinking about the different groups who own shares in a company. Data is 20 mins delayed. 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. Authorised by Scott Phillips. Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. Use our equities screener to discover other potential opportunities. Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. That is, insiders On Legends Top 20 shareholder list Creasy Group is at the top with a 26.66% holding in Legend while IGO Ltd is second with a 14.12% stake. 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. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Win at Retirement Please enter the email address that you used to subscribe on Mining Weekly. To advertise email advertising@creamermedia.co.za or click here, Mining Weekly is a product of Creamer Media.www.creamermedia.co.za, Other Creamer Media Products include:Engineering NewsResearch Channel AfricaPolity, Sign up for our FREE daily email newsletter Galileo Mining Ltd Follow Mineral exploration. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. We take a look at how you could receive passive income from two iron ore miners. To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Australian Gold Resources Pty. This may be a strategic interest and the two companies may have related business interests. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Receive daily sector news alerts. WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. WebThe current holdings of RMI directors. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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. Ltd. is currently the company's largest Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Hear our experts take on shares, the market & how to invest. Simply Wall St has no position in any stocks mentioned. 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. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. Data delayed 15 minutes unless otherwise indicated. Data as of May 01 2023. Note: Search is limited to the most recent 250 articles. Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youve provided to them or that theyve collected from your use of their services. 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. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. Brooke Cooper, April 30, 2023 | We also observed that the top 6 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. Have feedback on this article? WebGet detailed information on GALILEO MINING LTD (GAL.AX) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. separate emails by commas, maximum limit of 4 addresses, 6th July 2022 In terms of relative price strength the Galileo Mining share price has GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Company Buyback. To make the world Smarter, Happier, And Richer. WebInsider Buying: GAL insiders have bought more shares than they have sold in the past 3 months. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. We are delighted with the strong market support for our placement which puts us in an excellent position to expand the drilling programs at our recent Callisto palladium-nickel discovery, said MD Brad Underwood. Please remember that investments can go up and down. But to understand Galileo Mining better, we need to consider many other factors. Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. Concerned about the content? Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. April 29, 2023 | WebGalileo Mining Ltd is an Australia-based mining and exploration company. Postal Address: PO Box 415 West Perth WA 6872 P: +61 (0) 8 9324 2099 F: +61 (0) 8 9321 2337 E: info@galileomining.com.au W: www.galileomining.com.au. Listen to Our Podcast 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. It holds a 100% interest in the Norseman project that covers an area of 306 square kilometers located to the town of Norseman; and 67% interest Fraser Range Project covering an area of 602 square kilometers situated in the Albany-Fraser Orogen. The companys shares are currently trading at 50 cents apiece, a 150% gain. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. When multiple institutional investors want to buy shares, we often see a rising share price. Let's find out. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. You must be a registered user to save alerts. You can do it. Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. In the last year, its cash burn was Why did the NAB share price smash the ASX 200 in April? Jul 4, 2022 Anthony Macdonald, Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Shares in the base metals explorer are skyrocketing today. 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This article contains general investment advice only (under AFSL 400691). Public companies currently own 17% of Galileo Mining stock. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Galileo noted it also has multiple targets at the companys Jimberlana and Mission Sill prospects, providing the opportunity for more discoveries. FT is not responsible for any use of content by you outside its scope as stated in the. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. In other words, the group stands to gain the most (or lose the most) from their investment into the company. The Company is engaged in the development and exploration of cobalt, nickel laterite and This may not be consistent with full year annual report figures. In addition, we are waiting for the assay results from the first four drill holes of the present drill program which are expected to be returned from the laboratory shortly. Monica O'Shea. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Shareholder Info Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. 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. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. Meanwhile, private companies make up 30% of the companys shareholders. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Learn about investing with our Investing Education hub. Galileo Mining Ltd announced that it has received AUD 20.4 million in funding from IGO Limited Jul 07 Galileo Mining Ltd Announces Geological Results from the In the chart below, we zoom in on the different ownership groups of Galileo Mining. The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. WebBrad Underwood, Managing Director of Galileo Mining (ASX: GAL) will provide shareholders with an overview of the recent announced assay results from recent d Brad Underwood, Top 20 By Shareholder. 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. Australian Gold Resources Pty. We look forward to updating the market as work progresses on this exciting new West Australian discovery. Should your cookies be reset then you may again use the drop-down menu to select a default region. Galileo Mining Ltd is an Australia-based mining and exploration company. Legend Mining Ltd (ASX:LEG) managing director Mark Wilson brings Proactive up to speed on a mission to test the Octagonal prospects most exciting diamond drill targets. Galileo Mining has such a small amount of debt that we'll set it aside, and focus on the AU$6.9m in cash it held at December 2020. For more information please see our Financial Services Guide. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Get in touch with us directly. Volatility Over Time: GAL's weekly volatility has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. Galileo Mining Ltd engages in the exploration of mineral deposits in Western Australia. SMARTER, HAPPIER, AND RICHER. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. Profile data is unavailable for this security. Our latest articles and strategies for the post-work life you want. 337927). James Mickleboro. SAVE THIS ARTICLE Sign up here, US STOCKS-S&P, Dow edge higher as JPMorgan gains; Fed meet in focus, Explainer-With Bluesky, Jack Dorsey has another go at Twitter-like service, Citi's Fraser warns U.S. debt ceiling debate has serious consequences, Apollo CEO on JPMorgan's First Republic deal: 'The strong get stronger', COLUMN-Funds go record short 5-year Treasuries, eye steeper US curve: McGeever. Monica has a keen interest in finance and the share market and enjoys exploring the highs and lows. 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. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. 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 13 Colin Street West Perth WA 6000 . The Motley Fool Australia operates under AFSL 400691. Less than 5% of Galileo Mining is held by institutional investors. The Motley Fool has a disclosure policy. Please sign in or register. Automic Group Level 5, 191 St Georges Terrace Perth WA 6000 P: 1300 288 644 (within Australia) In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. The Motley Fool Australia has no position in any of the stocks mentioned. The placement will increase our total cash to approximately A$26.5-million and allow us to aggressively explore this significant new palladium province within our Norseman project area. Sign Up for Take Stock This lithium giant could still have room to climb higher from current levels according to one broker. IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Minings share placement. Legends successes at Rockford, and in particular Mawson, have attracted strong attention around Australia, including from its high-profile partners who continue to support the companys endeavours. Copyright Proactive Group Holdings Inc, 2023. 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. With over 5 km of strike length at the Callisto discovery, and highly prospective targets at the Jimberlana and Mission Sill prospects, the potential for additional mineralisation is very high, said Underwood. Subscriptions are available via the Creamer Media Store. Galileo Mining Ltd is an Australia-based mining and exploration company. 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. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper Strong support for the placement validates the company's strategy of striving to replicate the success of Creasy Group and IGO in the prolific Fraser Range. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here May 1, 2023 | The top 20 shareholders on listing held 57% of the stock. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Investment news, stock ideas, and more, straight to your inbox. The morning catch up: Markets finish April on a high ahead of rate Legend Mining eclipses nominal 2021 budget by completing 11,000 Legend Mining welcomes major shareholder support in Legend Mining lauds decade in the making drill program at Octagonal. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY WebGalileo Mining Limited. With over five kilometres of strike length at the Callisto discovery, and highly prospective targets at the Jimberlana and Mission Sill prospects, the potential for additional mineralisation is very high, he said. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. The general public, who are usually individual investors, hold a 44% stake in Galileo Mining. Galileo is exploring its 100% owned Norseman project in Western Australia. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. In their own names, insiders own AU$12m worth of stock in the AU$155m company. This website uses cookies so that we can provide you with the best user experience possible. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. 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. Bronwyn Allen. On Legends Top 20 shareholder list Creasy Group is at the top with a 26.66% holding in Legend while IGO Ltd is second with a 14.12% stake. EMAILTHISARTICLE. See our Cookie Policy for more information. 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 These cookies are used to deliver our website and content. 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.