Galileo Mining (GAL) H2 2025 earnings summary

Executive summary

• FY2025 focused on advancing the Norseman Project, targeting Platinum Group Elements (PGE) with significant drilling at Mission Sill and Callisto, and maintaining exploration at Fraser Range.

• Norseman Project expanded with over 9,800m aircore and 2,100m RC drilling, returning high-grade palladium and platinum intercepts, and extending mineralised zones.

• Fraser Range Project saw early-stage drilling; no significant assays, but geological setting remains prospective for future exploration.

• Strong financial position with $9.74 million cash at 30 June 2025, supporting ongoing exploration.

Financial highlights

• Net loss of $1,160,880 for FY2025, compared to a profit of $3,374,077 in FY2024.

• Cash on hand at year-end was $9,736,051, down from $13,617,755 the previous year.

• Net assets totaled $46,993,637 at 30 June 2025, slightly down from $47,396,767 in FY2024.

• No dividends declared or recommended for the year.

• Share-based payment expense for the year was $757,750.

Outlook and guidance

• Continued focus on systematic exploration at Norseman, with further aircore and RC drilling planned at Mission Sill and Callisto.

• Additional drilling at Fraser Range to be guided by down-hole EM survey results and geochemical analysis.

• Strong cash position enables full execution of planned exploration programs.