Galileo Mining Is Cashed Up And Looking For More Nickel-Copper Discoveries in WA

Galileo Mining (ASX: GAL) is on the ground at its South African-style palladium, nickel, copper, and cobalt discovery in Western Australia.

Cashed up with $10.4 million, the Calisto Discovery was the first PGE nickel-copper (platinum, palladium, rhodium, ruthenium, iridium, and osmium) discovery of its kind in Australia.

Galileo’s MD Brad Underwood is understandably keen to explore Calisto more intensively. If the mineralisation is similar to deposits in South Africa, Galileo may have numerous deposits over a long strike length.

The mining, exploration, and prospecting licenses covers a total area of 278 km2 at the Norseman project of which Calisto may prove one of several discoveries.

A fallback in share price with the junior sector has Galileo with a market capitalisation of $40 million, could this be an inflection point?

With funds in the bank and exploration cranking up, the stock is an interesting one to watch in 2024.

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