galileo mining top 20 shareholders

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. 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. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. The Company is engaged in the development and exploration of cobalt, nickel laterite and nickel-copper-cobalt sulphide projects in Western Australia. WebName No. See our Cookie Policy for more information. Galileo Mining Ltd (ASX:GAL)s Brad Underwood speaks with Proactives 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.The Placement received heavy backing - about As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. Bronwyn Allen. Brooke Cooper, April 30, 2023 | With 17% and 6.5% of the shares outstanding respectively, IGO Limited and Yandal Investments Pty Ltd are the second and third largest shareholders. 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. May 1, 2023 | We look forward to updating the market as work progresses on this exciting new West Australian discovery. WebInsiders were net buyers of Galileo Mining Ltd's ( ASX:GAL ) stock during the past year. WebThe current holdings of RMI directors. Shares in the base metals explorer are skyrocketing today. However, high insider ownership can also give immense power to a small group within the company. 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. Profile data is unavailable for this security. Data delayed at least 20 minutes, as of May 01 2023 07:10 BST. In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.08% at the time of writing. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. James Mickleboro. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Share price information may be rounded up/down and therefore not entirely accurate. Registered Office. The companys shares are currently trading at 50 cents apiece, a 150% gain. Please remember that investments can go up and down. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Simply Wall St has no position in any stocks mentioned. Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY The Motley Fool Australia has no position in any of the stocks mentioned. May 1, 2023 | Australian Gold Resources Pty. Note: Search is limited to the most recent 250 articles. Listen to Our Podcast April 28, 2023 | Let's find out. 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. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Learn More. Galileo Mining discovered significant palladium, platinum, copper, gold, and nickel mineralisation at the Norseman project in Western Australia. ARTICLE ENQUIRY, To subscribe email subscriptions@creamermedia.co.za or click here Well supported successful mining investor Mark Creasy and major mining company IGO are the largest shareholders Full Company Profile Request Mining Companies Videos Currently Playing The Assay TV Brad Underwood, Chairman & Managing Director, Galileo Mining (ASX:GAL) 23/5/2022 To make the world Smarter, Happier, And Richer. Under the placement, Galileo will issue 17 million shares for $1.20 each. l. The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Substantial Shareholders A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. 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. SAVE THIS ARTICLE 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. The third reverse circulation drill program is scheduled to begin at the end of July with diamond drilling planned to commence in August. The Galileo Mining Ltd ( ASX: GAL) share price is soaring today on the back of a major discovery. In the last year, its cash burn was 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. Top 20 By Shareholder. Goldman Sachs says these are the lithium shares to buy due to a 'game changing' technology. Less than 5% of Galileo Mining is held by institutional investors. Creasy Group has a 26.66% holding in Legend while IGO's stake stands at 14.12%. 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. 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. Authorised by Scott Phillips. On the market this morning, Galileo were up 1.13 per cent and trading at $1.31 per share at 11:22 am AEST. The billionaire prospector extraordinaire is credited with 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. 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. See historical performance and comparison, Metals and Mining Industry Average Movement. Galileo Mining (GAL) has received firm commitments to raise $20.4 million for the Callisto palladium-nickel discovery within the Norseman project in WA. 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. 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. We take a look at how you could receive passive income from two iron ore miners. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Galileo has To that end, you should learn about the 4 warning signs we've spotted with Galileo Mining (including 2 which are concerning) . We use this information to make our site faster, more relevant and improve the navigation for all users. According to a change of substantial holding notice, Mark Creasy has increased his stake by 3 million shares to 44,371,895 shares. 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. Your password will be sent to this address. Share Registry. The Company holds interest in the FSZ Resources Pty Ltd, NSZ Resources Pty Ltd, and the mining tenements that comprise the Norseman project. Webshareholders including Mark Creasy (approximately 31%), Independence Group (4.9%) and Chris Ellison (4.2%). We aim to bring you long-term focused analysis driven by fundamental data. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Analysts have been running the rule over this lithium giant's latest update. Join Our Premium Community This can be negative in some circumstances. In addition, we are waiting for the assay results from the first four drill holes of the present drill program which are expected to be returned from the laboratory shortly. Taking note of what the big end of town is doing can provide insights for ordinary ASX shares investors. Overview 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. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. But to understand Galileo Mining better, we need to consider many other factors. Monica O'Shea. 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. Do the positives outweigh the negatives with BHP's shares? Macquarie says buy Santos shares now for 40% upside, The Galileo Mining share price is surging 150% today, The company has discovered major palladium, platinum, gold, copper, and nickel mineralisation, Galileo is exploring its 100% owned Norseman project in Western Australia, 6 metres at 2.21 g/t palladium, 0.37 g/t platinum, 0.11 g/t gold, 0.41% copper and 0.36% nickel from 159 metres, 1 metre at 2.66 g/t palladium, 0.41 g/t platinum, 0.14 g/t gold, 0.48% copper and 0.46% nickel from 176 metres. For more information please see our Financial Services Guide. Ltd. is currently the company's largest shareholder with 21% of shares outstanding. 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. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. 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. Email advertising@creamermedia.co.za, Barloworld Equipment~Booyco Electronics~Immersive Technologies~Integrated Pump Rental~Integrated Pump Technology~Multotec~Sandvik~SSG Consulting ~Trafo Power Solutions~Weir Minerals Africa, barloworld-equipment-2021-07-20~booyco-electronics-2021-06-07~immersive-technologies-2019-04-01~integrated-pump-rental-2019-12-09~integrated-pump-technology-2019-12-12~multotec-2021-02-03~sandvik-2022-08-29~ssg-consulting-project-management-2014-05-19~trafo-power-solutions-2022-12-13~weir-minerals-africa-2020-11-23, Creamer Media Senior Deputy Editor: Australasia, Sign up for our FREE daily email newsletter. 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. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileos existing placement capacity. Phone: (03) 8592 4841 The Fraser Range project consists of licences which are propspective for nickel, copper, and cobalt. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. In terms of relative price strength the Galileo Mining share price has Return vs Industry: GAL exceeded the Australian Metals and Mining industry which returned -7.6% over the past year.

Loungefly Darth Vader Floral Backpack, Rotita Catalog Request, Waterfront Airbnb Washington State, Krystal Enterprises Limousine Wiring Diagrams, Kaiserredux Best Paths, Articles G