Galileo Mining (GAL) Investor presentation summary
Event summary combining transcript, slides, and related documents.
Investor presentation summary
25 Oct, 2026Investment case
Norseman Project covers 255km² in Western Australia’s Goldfields, 10km from Norseman, with access to road, rail, gas, water and Esperance port.
Callisto is a palladium-platinum-rhodium-gold-nickel-copper sulphide discovery; first discovery hole returned 33m at 2.05g/t 4E, 0.32% Cu and 0.30% Ni from 144m.
The presentation cites a strong exploration team, priority drill-ready targets, and substantial shareholders Mark Creasy and IGO.
Callisto resource and metallurgy
Indicated and inferred resource totals 17.48Mt at 1.04g/t 4E, 0.20% Ni and 0.16% Cu, equivalent to 2.3g/t PdEq; contained metal includes 585koz 4E, 35kt Ni and 28kt Cu.
Indicated resource is 7.96Mt, or 46% of the total, at 2.5g/t PdEq; unclassified mineralisation continues below the resource, which remains open at depth.
Flotation at a 75µm grind achieved recoveries of 94% Cu, 82% Pd, 77% Ni, 79% Au, 78% Pt and 63% Rh; initial results indicate potential for a single bulk concentrate.
Exploration pipeline
Callisto mineralisation starts 75m below surface, extends ~300m along strike and 800m down dip, and averages ~40m true thickness; the host ultramafic complex has a magnetic signature traceable for 20km.
Exploration targets include 20km of prospective strike around Callisto and a further 12km around Mission Sill, with the model based on South Africa’s Platreef deposits.
North Callisto surface rock chips 2km north of the resource returned up to 1.87g/t 3E; first-pass drilling was scheduled to begin in late September 2026.
Mission Sill aircore results define Zone A over 1.4km and Zone B over 2km; RC drilling to test further mineralisation was scheduled for November 2026.
September–December 2026 plans include North Callisto aircore drilling, RC campaigns at Mission Sill and along Callisto, prospecting and mapping, and integration of geophysical and geochemical data.
Latest events from Galileo Mining
- Surface PGM and gold discoveries sharpen Norseman targets as follow-up drilling advances.GAL
Q1 2027 TU - Norseman exploration delivered new PGM and gold targets; year-end cash $7.5M, net loss $4.7M.GAL
H2 2026 - Discovery of new mineralised sill and robust cash position drive expanded Norseman exploration.GAL
Q4 2026 TU - Net loss of $1.16 million as Norseman exploration advanced and cash reserves remained strong.GAL
H2 2025 - Returned to profitability with $3.37M net profit and strong cash reserves, funding all exploration.GAL
H2 2024 - Loss narrowed and cash reserves remain strong, supporting expanded exploration at Norseman.GAL
H1 2026 - Strong cash reserves support ongoing high-grade PGE and gold exploration at Norseman.GAL
Q1 2026 TU - Robust funding enables expanded exploration at Norseman and Fraser Range, with key PGE results.GAL
Q4 2025 TU - $10.7M cash enables expanded drilling as new targets and mineralisation zones are advanced.GAL
Q3 2025 TU