Galileo Mining (GAL) Q4 2026 TU earnings summary

Executive summary

• Maintained strong cash position of approximately A$7.5 million at quarter-end, supporting ongoing exploration and capital discipline.

• Advanced Norseman Project with significant exploration, including diamond drilling and commencement of a 5,000m aircore drilling campaign.

• Identified a new mineralised ultramafic sill beneath the Callisto Resource, enhancing the potential for further PGM discoveries.

• Enhanced geological understanding and refined drill targeting at Mission Sill through gravity and IP surveys.

Financial highlights

• Exploration and evaluation expenditure for the quarter totaled $730,000.

• Payments to related parties and associates during the quarter amounted to $190,000 for salaries, superannuation, and consulting fees.

Outlook and guidance

• Awaiting assay results from the 5,000m aircore drilling at Mission Sill and Callisto South.

• Ongoing evaluation of priority PGM targets and planning of follow-up exploration programs.

• Progressing metallurgical test work on Callisto Resource drill core.