Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. The Motley Fool Australia operates under AFSL 400691. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. 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. 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. Registered Office. PERTH (miningweekly.com) Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Galileo Mining The companys shares are currently trading at 50 cents apiece, a 150% gain. 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 expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. Monica O'Shea. The billionaire prospector extraordinaire is credited with Galileo has Legendary explorer Mark Creasy is Galileo Minings biggest shareholder with nearly 25 per cent of the company. Galileo Mining Ltd (GAL.AX) - Yahoo! Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. Top 20 By Shareholder. Galileo Mining 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, She also hold a B.Science (Biotechnology) with Honours from the University of Adelaide.Monica has worked in government at the local, state and federal level. The Company is engaged in the development and exploration of cobalt, nickel laterite and It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. In their own names, insiders own AU$12m worth of stock in the AU$155m company. Creasy is well known for his gold finds and lucrative company exits, making the Guinness World Records in 1994 for pocketing $130 million in a gold deposits exit, the largest ever payout received by a prospector. Learn about investing with our Investing Education hub. 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. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. Funds will be used to expand drilling at the new discovery, testing the five-kilometre prospective strike length, as well as drilling at the Mission Sill and Jimberlana prospects. This website uses cookies so that we can provide you with the best user experience possible. By: Esmarie Iannucci April 29, 2023 | WebInsider Buying: GAL insiders have bought more shares than they have sold in the past 3 months. Galileo Mining Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Learn More. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. In the last year, its cash burn was James Mickleboro. GAL News, Analysis, Announcements & Results | Galileo Select your default regional edition of MiningWeekly.com. 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. 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: Australian Gold Resources Pty. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Less than 5% of Galileo Mining is held by institutional investors. Galileo Mining Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Companies Like Galileo Mining (ASX:GAL) Are In A Position To Legend Mining two major partners remain at top of shareholder Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Get Started Investing Authorised by Scott Phillips. Join Our Premium Community Do the positives outweigh the negatives with BHP's shares? Share Registry. 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 All Rights Reserved - Proactive Australia PTY LTD ACN:132787654 ABN:19132787654. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. Profile data is unavailable for this security. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial GALILEO MINING LTD : Shareholders Board Members 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 The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. It's always worth thinking about the different groups who own shares in a company. The Motley Fool Australia has no position in any of the stocks mentioned. You can do it. Data as of May 01 2023. That is, insiders l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. SMARTER, HAPPIER, AND RICHER. 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. Insiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. 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. SAVE THIS ARTICLE The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Our friendly customer service team will happily get back to you as soon as they can. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. Our most recent data indicates that insiders own some shares in Galileo Mining Ltd. of Shares % Piedmont Lithium Limited: 1,000,383,020: 11.26: Citicorp Nominees Pty Ltd: 691,211,585: 7.78: HSBC Custody Nominees (Australia) Limited But to understand Galileo Mining better, we need to consider many other factors. 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. WebGalileo Mining Limited. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. Galileo Mining Ltd (ASX:GAL PERTH (miningweekly.com) Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at its Callisto palladium/nickel discovery, in Western Australia. This holding is probably worth investigating further. Let's find out. Galileo remains fully funded with $8.2 million at the end of the March quarter and able to continue aggressive exploration programs at all our projects. Top 20 Shareholders Galileo Mining Ownership - Simply Wall St GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. 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. To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . WebGalileo Mining Ltd is an Australia-based mining and exploration company. 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. 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. Hear our experts take on shares, the market & how to invest. So if the company itself can improve over time, we may well see more institutional buyers in the future. WebGalileo Mining Limited. Australian Gold Resources Pty. The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Mark Creasy has upped his stake in Galileo Mining after its big Callisto palladium discovery last week. The above has been published by Proactive Investors Limited (the "Company") on its website and is made available subject to the terms and conditions of use of its website (see Sign up to receive alerts and news direct to your inbox. Galileo Mining Ltd is an Australia-based mining and exploration company. 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. Lessons from the Masters: Where is super prospector Mark Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. 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. 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. Under the placement, Galileo will issue 17 million shares for $1.20 Why did the NAB share price smash the ASX 200 in April? Ltd. is currently the company's largest shareholder with 21% of shares outstanding. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. In May 2022 Galileo made a major Palladium-Platinum discovery at Callisto on the Norseman Project and is currently undertaking a resource drill out with numerous areas having potential for further PGE, nickel, copper and cobalt discoveries. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. For more information please see our Financial Services Guide. In the past month, the companys shares have rocketed 120% and are 106% higher in the past week alone. May 1, 2023 | 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. Copyright Proactive Group Holdings Inc, 2023. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. 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. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. James Mickleboro. Galileo raises A$20.4m for exploration - Mining Weekly Galileo Mining ASX:GAL Stock Report - Simply Wall St Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. 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. Brooke Cooper, April 30, 2023 | We look forward to updating the market as work progresses on this exciting new West Australian discovery. 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. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Win at Retirement 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. Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year. 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 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. Listen to Our Podcast For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 7% in a year. 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.