We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. Galileo Mining Ltd (GAL.AX) - Yahoo! Stable Share Price: GAL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week. Concerned about the content? We look forward to updating the market as work progresses on this exciting new West Australian discovery. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). Contact Details: The Galileo Mining share price soared 83% in the past year while it is up 116% year to date. Get in touch with us directly. TO MAKE THE WORLD Galileo Mining has amarket capitalisationof about $81 million. The top 20 shareholders on listing held 57% of the stock. Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. Company Buyback. 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. Legends successes at Rockford, and in particular Mawson, have attracted strong attention around Australia, including from its high-profile partners who continue to support the companys endeavours. With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. 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. To get a sense of who is truly in control of Galileo Mining Ltd (ASX:GAL), it is important to understand the ownership structure of the business. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Have feedback on this article? 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Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY SMARTER, HAPPIER, AND RICHER. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. Ownership Breakdown Dilution of Shares: Shareholders have been diluted in the Ltd. is currently the company's largest PERTH (miningweekly.com) Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at its Callisto palladium/nickel discovery, in Western Australia. Profile data is unavailable for this security. WebName No. Jul 4, 2022 Anthony Macdonald, This lithium giant could still have room to climb higher from current levels according to one broker. This can be negative in some circumstances. Galileo Mining Funds will be used to expand drilling at the new discovery, testing the five-kilometre prospective strike length, as well as drilling at the Mission Sill and Jimberlana prospects. Legend Mining Limited's (ASX:LEG) two major shareholders remain fellow Fraser Range players Creasy Group and IGO Ltd (ASX:IGO) (OTCMKTS:IPGDF) following the company's recent $20 million capital raising. EMAILTHISARTICLE. 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 take a look at how you could receive passive income from two iron ore miners. 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. Overview 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. Past performance is not necessarily indicative of future returns. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which sections of the website you find most interesting and useful. Join our flagship membership service, Share Advisor. Monica O'Shea. Meanwhile, private companies make up 30% of the companys shareholders. 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. Public companies currently own 17% of Galileo Mining stock. Galileo Mining Ltd, GAL:ASX profile - FT.com - Financial Receive daily sector news alerts. Our latest articles and strategies for the post-work life you want. Galileo Mining Ltd is an Australia-based mining and exploration company. Bronwyn Allen. Lessons from the Masters: Where is super prospector Mark In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. These cookies are used to deliver our website and content. 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. The high level of interest has allowed us to complete the A$20.4-million placement with A$8.7-million of the funds coming from our major shareholders, Mark Creasy and IGO. We note that hedge funds don't have a meaningful investment in Galileo Mining. 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. WebGalileo Mining Ltd (ASX:GAL) insider upped their holding earlier this year. Galileo Mining ASX:GAL Stock Report - Simply Wall St