Galileo Mining (GAL) Q1 2027 TU earnings summary

Executive summary

• September-quarter work generated multiple Norseman targets: mineralised surface outcrop near Callisto, two Mission Sill PGM zones, and a new Callisto South gold prospect.

• Cash of ~A$6.9 million at 30 September 2026 supports follow-up exploration; North Callisto aircore drilling began in early October, with Mission Sill RC drilling scheduled for November.

Financial highlights

• Cash was ~A$6.9 million at quarter-end; exploration and evaluation expenditure during the September quarter was A$582,000.

• Related-party payments totalled A$189,000 for directors’ and associates’ salaries, superannuation, director fees and consulting fees.

Outlook and guidance

• Complete the 5,000m North Callisto aircore campaign and assess results from the outcrop target and additional prospective zones north of Callisto.

• Mission Sill RC drilling is scheduled to start in November, targeting Zones A and B down-dip and along strike.

• Further work includes Callisto South mapping and sampling, plus ranking regional PGM targets across Norseman.