Galileo Mining (GAL) Q4 2025 TU earnings summary

Executive summary

• Maintained a strong cash position of approximately $9.74 million as of June 30, 2025, supporting ongoing exploration activities.

• Extended the Lithium Farm-In/Joint Venture Agreement with Mineral Resources Ltd, providing additional time and investment for lithium exploration.

• Advanced exploration at Norseman, with significant palladium and platinum assays at the Mission Sill prospect and extended mineralisation zones.

• Drilled four high-priority EM sulphide targets at Fraser Range JV, though no significant assays were returned in this round.

Financial highlights

• Cash balance stood at $9.74 million at quarter-end, ensuring robust funding for exploration.

• Exploration and evaluation expenditure for the quarter was $863,000.

• Payments to related parties totaled $210,000 for the quarter.

Outlook and guidance

• Well-funded to continue significant exploration programs at Norseman and Fraser Range.

• Further aircore and RC drilling planned at Mission Sill and Callisto prospects.

• Downhole EM surveying at Fraser Range to guide future drilling.