Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Creasy Group's principal Mark Creasy is a world-renowned prospector who was behind was behind Sirius Resources when it struck the jackpot at the Nova-Bollinger nickel-copper deposit on Fraser Range. The billionaire prospector extraordinaire is credited with Galileo Mining has such a small amount of debt that we'll set it aside, and focus on the AU$6.9m in cash it held at December 2020. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. Legend and its respected two high-profile partners Rockford partners hold considerable expertise on Fraser Range district mineralisation styles. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. See our latest analysis for Galileo Mining. EMAILTHISARTICLE. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. Any information that you receive via FT.com is at best delayed intraday data and not "real time". That is, insiders In terms of relative price strength the Galileo Mining share price has While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Learn about investing with our Investing Education hub. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Get in touch with us directly. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. WebName No. The above has been published by Proactive Investors Limited (the "Company") on its website and is made available subject to the terms and conditions of use of its website (see Sign up to receive alerts and news direct to your inbox. FT is not responsible for any use of content by you outside its scope as stated in the. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. WebGalileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. separate emails by commas, maximum limit of 4 addresses, 6th July 2022 Legend Mining Ltd (ASX:LEG) managing director Mark Wilson brings Proactive up to speed on a mission to test the Octagonal prospects most exciting diamond drill targets. To access earlier articles, click Advanced Search and set an earlier date range.To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. WebGalileo Mining Limited. Creasy is well known for his gold finds and lucrative company exits, making the Guinness World Records in 1994 for pocketing $130 million in a gold deposits exit, the largest ever payout received by a prospector. WebGet detailed information on GALILEO MINING LTD (GAL.AX) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. WebShares in Galileo Mining last closed at AU$0.70 and the price had moved by +191.67% over the past 365 days. In addition, we found that Richard Underwood, the CEO has 4.4% of the shares allocated to their name. Please remember that investments can go up and down. On Legends Top 20 shareholder list Creasy Group is at the top with a 26.66% holding in Legend while IGO Ltd is second with a 14.12% stake. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). Postal Address: PO Box 415 West Perth WA 6872 P: +61 (0) 8 9324 2099 F: +61 (0) 8 9321 2337 E: info@galileomining.com.au W: WebGalileo Mining Ltd is an Australia-based mining and exploration company. May 1, 2023 | Galileo Mining Ltd Follow Mineral exploration. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. Listen to Our Podcast We look forward to updating the market as work progresses on this exciting new West Australian discovery. Simply Wall St has no position in any stocks mentioned. We also observed that the top 6 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. Hear our experts take on shares, the market & how to invest. Return vs Market: GAL exceeded the Australian Market which returned -5.5% over the past year. Data delayed 15 minutes unless otherwise indicated. Galileo Mining Ltd is an Australia-based mining and exploration company. Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Galileo Mining Ltd (ASX:GAL) s Brad Underwood speaks with Proactive s Elisha Newell about the $20.4 million the company has just raised to accelerate its exploration programs across its assets as it looks to aggressively explore the significant new palladium province within its Norseman Project area. Galileo Mining Ltd is an Australia-based mining and exploration company. See historical performance and comparison, Metals and Mining Industry Average Movement. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Less than 5% of Galileo Mining is held by institutional investors. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. The Company is engaged in the development and exploration of cobalt, nickel laterite and TO MAKE THE WORLD Share Registry. In their own names, insiders own AU$12m worth of stock in the AU$155m company. For more information please see our Financial Services Guide. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Legend Mining prepares to test most exciting diamond drill Legend Mining talks Octagonal prospect potential at Rockford. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Legend Mining welcomes maiden nickel, copper and cobalt resource Legend Mining hits Octagonal running with seismic data acquisition. This may not be consistent with full year annual report figures. However, high insider ownership can also give immense power to a small group within the company. Private companies may be related parties. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. April 29, 2023 | May 1, 2023 | These audience insights are used to make our website more relevant. With over five kilometres of strike length at the Callisto discovery, and highly prospective targets at the Jimberlana and Mission Sill prospects, the potential for additional mineralisation is very high, he said. The energy sector lifted the market to a green finish today, with all four of the, Perenti (ASX:PRN) has secured a new five-year contract with mining giant and NYSE-listed Newmont at the, Almonty (ASX:AII) has continued construction works at its Sangdong tungsten mine in South Korea, with the, Peak Rare Earths (ASX:PEK) has tapped investors for $27.5 million to develop its Ngualla rare earth, Be the first with the news that moves the market, Arcadia Minerals (ASX:AM7) strikes sulphide copper and gold at Gamikaub, Namibia, Australian Strategic Materials (ASX:ASM) strikes feedstock supply deal with Vietnam Rare Earth Company, Santos (ASX:STO) faces fresh delay over sale of 5pc stake in PNG LNG project, Triton Minerals (ASX:TON) pockets $5m Shandong Yulong investment for Ancuabe graphite project, Everest Metals (ASX:EMC) finds fresh pegmatite targets through geophysical survey at Mt Edon, WA, Halo Food Co (ASX:HLF) secures multi-million dollar deal with Fonterra, ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD, Galileo Mining (GAL) raises $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA, The placement closed oversubscribed with cornerstone investments by major shareholders Mark Creasy and IGO, Galileo Mining is using the funds to expand drilling at the new discovery and for drilling at the Mission Sill and Jimberlana prospects, The placement will increase Galileos total cash balance to around $26.5 million, Galileo is up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. But to understand Galileo Mining better, we need to consider many other factors. Have feedback on this article? This may be a strategic interest and the two companies may have related business interests. The Top 20 Shareholders of GAL hold 0% of shares on issue. As reported in the most recent Annual Report. A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list. Ownership Breakdown Dilution of Shares: Shareholders have been diluted in the It holds a 100% interest in the Norseman project that covers an area of 306 square kilometers located to the town of Norseman; and 67% interest Fraser Range Project covering an area of 602 square kilometers situated in the Albany-Fraser Orogen. Jul 4, 2022 Anthony Macdonald, Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Company Buyback. Monica is a journalist with experience working for Daily Mail Australia in Sydney and the Port Pirie Recorder and the Flinders News in South Australia. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Subscriptions are available via the Creamer Media Store. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Our latest articles and strategies for the post-work life you want. Registered Office. Select your default regional edition of MiningWeekly.com. Galileo is exploring its 100% owned Norseman project in Western Australia. James Mickleboro. Share price information may be rounded up/down and therefore not entirely accurate. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here Legends Mark Wilson (centre) with Mark Creasy (left) and IGOs Peter Bradford, Legend Mining plans RC drilling to test new targets on extended Mawson footprint, Legend Mining kicks off 3,000-metre RC drilling program at Mawson on Fraser Range, Emyria progresses pivotal EMD-RX5 Phase 3 trial for treatment of psychological distress, Element 25 progresses staged development plan for Butcherbird to cater for current and new manganese markets, Flynn Gold in midst of exploration at Trafalgar gold discovery in Tasmania, Africa Oil is a full-cycle upstream oil and gas company with producing assets, Metas Mark Zuckerberg: Facebook founder is failing to keep up with the times, ChatGPT back online in Italy after implementing privacy measures, Flynn Gold appoints chief executive officer Neil Marston as managing director, Impact Minerals raises $4 million; goes full steam ahead with Lake Hope HPA Project in WA, Element 25 and car giant Stellantis extend key offtake and funding dates, Emyria completes $2.5M placement to advance MDMA-assisted therapy, 88 Energy: Unlocking potential on Alaska's North Slope, Thor Energy well placed to leverage off its uranium and energy metals projects, Strata Investment to focus on natural resources opportunities, MGC Pharmaceuticals to accelerate clinical pipeline development, ioneer's Rhyolite Ridge lithium-boron project in US poised to take advantage of global shift toward sustainable energy solutions, Imugene ends June 2021 quarter with $29.5m cash balance and strong focus on research and development, Venture Minerals Ltd on track to unlock potential of one of the worlds largest tin deposits, Australian Strategic Materials advances towards production at Korean Metals Plant in second half 2021, Antipa Minerals advances two-pronged approach to gold-copper development in Paterson Province, Queensland Pacific Metals advances financing for its 'green' Townsville Energy Chemicals Hub Project, Nvidias contradictory relationship with crypto mining, SPAC to square one: The boom and bust of the blank cheque market. The company on Wednesday said that it has already received firm commitments for the placement. has decreased from 36% to 12% over the past year, but is still higher than 75% of Australian stocks. On Legends Top 20 shareholder list Creasy Group is at the top with a 26.66% holding in Legend while IGO Ltd is second with a 14.12% stake. For story tips and broker tips, email me at, By clicking this button, you agree to our, Galileo Mining share price explodes 150% on major discovery, How Id generate $400 in monthly passive income from 2 ASX 200 iron ore shares. When not writing for Motley Fool Australia, Monica enjoys travel, sport, music, and likes to play the violin in her spare time. Galileo Mining's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public, A total of 6 investors have a majority stake in the company with 50% ownership, Using data from company's past performance alongside ownership research, one can better assess the future performance of a company. We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. The Galileo Mining Ltd(ASX: GAL) share price is soaring today on the back of a major discovery. Legend Mining doubles down on seismic survey for Rockford Project, Astro Resources delivers 50% increase in indicated resources at Fe Limited continues operation ramp-up at JWD Iron Ore Project; South Harz Potash well positioned as global economic and political Emyria initiates pre-clinical studies for MDMA-inspired analogues. Data as of May 01 2023. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. Commenting on the news, managing director Brad Underwood said: While we are at an early stage in the discovery process, the thick and consistent zone of mineralisation, and the extensive prospective strike length, suggests the potential for a large mineralised system. Already Galileos top shareholder after folding projects owned by his private Creasy Group at Norseman and the Fraser Range into the 2018 float, Creasy sent its shares soaring even further to a record 86c after buying 3 million on market in the wake of the Callisto discovery. These cookies are used to deliver our website and content. The company was originally privately owned by renowned prospector Mr Mark Creasy, and Galileo Managing Director Mr Brad Underwood spent eight years as General Manager of the Creasy Groups exploration at the Fraser Range and at Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Galileo Mining (ASX:GAL) sees increasing grades at Callisto discovery, WA Galileo Mining (GAL) has recorded increasing palladium, nickel and copper grades at Carolyn Rebeiro 04 January 2023 10:58 (AEST) 783 views 2 minute read ASX News Materials Galileo Mining (ASX:GAL) strikes high-grade nickel sulphide at Callisto, WA Earnings have declined by 3.9% per year over past 5 years, Volatile share price over the past 3 months, Shareholders have been diluted in the past year, Capture your thoughts, links and company narrative. In May 2022 Galileo made a major Palladium-Platinum discovery at Callisto on the Norseman Project and is currently undertaking a resource drill out with numerous areas having potential for further PGE, nickel, copper and cobalt discoveries. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. Galileo expects to begin a third RC program at the end of this month and will be followed by diamond drilling in August. GALILEO MINING LTD : Forcasts, revenue, earnings, analysts expectations, ratios for GALILEO MINING LTD Stock | GAL | AU0000007510 Legend Mining continues evolution of the Mawson story with more massive sulphides intersected. We use this information to make our site faster, more relevant and improve the navigation for all users. To advertise email advertising@creamermedia.co.za or click here, Mining Weekly is a product of Creamer Media.www.creamermedia.co.za, Other Creamer Media Products include:Engineering NewsResearch Channel AfricaPolity, Sign up for our FREE daily email newsletter The placement closed oversubscribed with cornerstone investments of $8.7 million by major shareholders Mark Creasy and IGO. Two nickel-copper sulphide target areas are on the radar for this initial campaign, representing the most compelling Only registered members can use this feature. Data is 20 mins delayed. We aim to bring you long-term focused analysis driven by fundamental data. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. By: Esmarie Iannucci Galileo said this shows the potential for a large mineralised system. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Our data indicates that Private Companies hold 30%, of the company's shares. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees. Contact Details: Galileo Mining is an ASX-listed company (ASX: GAL) focussed on the discovery of base metals in Western Australia. Phone: (03) 8592 4841 Join Our Premium Community Why did the NAB share price smash the ASX 200 in April? With over 5 km of strike length at the Callisto discovery, and highly prospective targets at the Jimberlana and Mission Sill prospects, the potential for additional mineralisation is very high, said Underwood. You can do it. We look forward to updating the market with results from this exciting new West Australian discovery., Edited by: Creamer Media Reporter EMAIL THIS ARTICLE SAVE THIS ARTICLE Note: Search is limited to the most recent 250 articles. GAL $ 0.790 -0.040 -4.82% Data last updated: Apr 28, 2023 3.56pm. Galileo remains fully funded with $8.2 million at the end of the March quarter and able to continue aggressive exploration programs at all our projects.

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