What Galileo Mining does

Galileo Mining is an ASX-listed (ASX:GAL) base and precious-metal exploration company headquartered in Perth, Western Australia, founded in 2003 and publicly listed since May 2018. The company holds granted mining leases and exploration tenure across approximately 953 km² in Western Australia, organised around two principal project areas: Norseman (~278 km²) and the Fraser Range (~675 km²). Galileo's commodity focus is palladium, platinum, nickel, copper, cobalt and rhodium, with its flagship Callisto discovery described as the first Platreef-style PGE-nickel-copper mineralisation identified in Australia. A maiden Mineral Resource Estimate for Callisto was published in October 2023.

The company operates a junior explorer business model: it does not generate commercial revenue, instead funding drilling, assaying, geophysical surveys and resource studies through equity capital and joint-venture consideration. Cumulative funding includes an A$15M IPO in 2018, a ~A$20M placement in 2022 (backed by Mark Creasy and IGO Ltd), and A$7.5M of consideration from a 2024 lithium-rights JV with Mineral Resources. The shareholder register is concentrated, with Mark Creasy at 27.5%, IGO Ltd at 8.3%, and directors/management at 5.9%, reflecting an exploration-stage company that relies on strategic backers to underwrite multi-year drilling campaigns. Active work programs span extensional drilling at Callisto plus greenfield targets at Mission Sill and Jimberlana within the Fraser Range.

Galileo's revenue mechanics, by definition, are tied to a future transition from explorer to miner: any commercial income would flow from offtake of mined or processed PGE-nickel-copper concentrates to refiners, traders or downstream autocatalyst and battery supply chains. Until that transition, value is created through discovery, resource growth and the conversion of exploration results into defined mineral resources, with the November 2025 suspension of the MinRes lithium earn-in refocusing capital on the base-metal portfolio.

Name

Galileo Mining

Legal name

Galileo Mining Ltd

Website

https://galileomining.com.au

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Galileo Mining is a Perth-based, ASX-listed junior mineral explorer focused on palladium, platinum, nickel, copper, cobalt and rhodium across its Norseman and Fraser Range tenements in Western Australia, with the Callisto deposit as its flagship asset.

Ownership category

akta.pro rank

Product category

Mineral Exploration and Development

NAICS

Other Metal Ore Mining (212290), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Mineral exploration services
• Palladium platinum nickel
• Critical minerals discovery
• Base metals exploration
• JORC mineral resources

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Pre-Revenue Exploration Stage: Galileo Mining is a pre-revenue mineral exploration company. The company generates no current revenue from product sales. Future revenue will come from the sale of extracted minerals (palladium, platinum, nickel, copper, cobalt, rhodium) once commercial production is established, or from the sale of tenements or project interests to third parties. The company is currently funded through equity capital raises and joint venture arrangements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Galileo Mining is a pre-revenue mineral exploration company focused on the discovery of palladium, platinum, nickel, copper, cobalt, and rhodium deposits in Western Australia. Its flagship project is the Norseman PGE and Nickel Project, which contains the Callisto discovery — the first Platreef-style palladium-platinum-gold-rhodium-nickel-copper sulphide deposit identified in Australia. The company also holds a 67% interest in the Fraser Range Nickel Project (joint venture with Creasy Group) and a 30% interest in lithium rights at Norseman via a joint venture with Mineral Resources.

Product overview

Galileo Mining is a Perth-based, ASX-listed mineral exploration company (ASX:GAL) focused on discovering and developing palladium, platinum, nickel, copper, cobalt, and rhodium resources in Western Australia. The company's flagship asset is the wholly-owned Norseman PGE and Nickel Project (278 km2), which contains the Callisto Discovery - the first deposit of its type identified in Australia, analogous to South Africa's Platreef deposits. The company also holds a 67% interest in the Fraser Range Nickel Project (joint venture with Creasy Group), targeting nickel-copper-cobalt sulphide deposits similar to the Nova nickel mine. A separate lithium joint venture with Mineral Resources covers lithium rights at Norseman. Key mineral resources include the Callisto deposit (17.5Mt @ 1.04g/t 4E) and laterite resources (25.1Mt @ 0.11% Co, 0.49% Ni).

Differentiator

Problem solved

Functional benefit

Products and services

• Norseman PGE and Nickel Project Galileo's flagship project covering 278 km2 of prospective ground at the southern end of the Norseman-Wiluna greenstone belt in Western Australia. Contains the Callisto Discovery and adjacent regional prospects Jimberlana and Mission Sill, with potential for palladium, platinum, nickel, copper, cobalt and rhodium mineralisation. Located 10 km from the town of Norseman, with infrastructure access to gas, water, road, rail, and the Port of Esperance.
• Fraser Range Nickel Project Joint venture project (Galileo 67% / Creasy Group 33%) located in the Albany-Fraser Orogen covering 675 km2 of exploration licences, exploring for magmatic nickel-copper-cobalt sulphide deposits similar to the operating Nova nickel mine. Electromagnetic surveying is the primary exploration tool for identifying prospective sulphide zones.
• Norseman MinRes Lithium JV Joint venture with Mineral Resources (ASX:MIN) covering lithium rights on Galileo's Norseman tenements. MinRes holds 30% interest for A$7.5 million cash consideration and can earn up to 55% by expending $12.5 million. The Callisto PGE-nickel deposit is explicitly excluded from this JV.
• Callisto Mineral Resource Maiden JORC-compliant Mineral Resource Estimate for the Callisto Pd-Pt-Au-Rh-Ni-Cu sulphide deposit: 17.5 Mt at 1.04 g/t 4E, 0.20% Ni, 0.16% Cu (2.3 g/t PdEq), containing 585,000 oz 4E, 35 kt Ni and 28 kt Cu (~1.27 Moz PdEq or ~91,000 t NiEq). Approximately 8 Mt (46%) is in the Indicated category at 2.5 g/t PdEq grade. 95% of resource is constrained by pit optimisation and remains open at depth.
• Norseman Laterite Mineral Resource JORC-compliant mineral resource of 25.1 Mt grading 0.11% cobalt and 0.49% nickel (at 0.06% cobalt cut-off), containing 22,500 tonnes of cobalt and 106,000 tonnes of nickel. Comprises the Mt Thirsty and Mission Sill deposits developed on ultramafic igneous intrusions.

Quantifiable outcome

• Callisto Maiden MRE: 17.5Mt @ 1.04g/t 4E, 0.20% Ni, 0.16% Cu (~1.27Moz PdEq)
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Mineral Resources (ASX:MIN)coreStrategic or Co-development Partner · 1 June 2024In June 2024, Galileo completed a farm-in and JV agreement with MinRes for the sale of a 30% interest in all lithium rights held by Galileo on the Norseman tenement package for A$7.5 million cash consideration. The parties formed a 30%/70% unincorporated joint venture for lithium exploration. MinRes can earn up to 55% by expending $12.5 million. In November 2025, an earn-in suspension period of up to 2 years was agreed. The Callisto PGE-nickel deposit is not part of this JV.
• Cube ConsultingminorImplementation/ SI/ Consulting Partner · 2 October 2023Galileo engaged Cube Consulting to complete the maiden Mineral Resource Estimate (MRE) for the Callisto deposit at the Norseman Project. Cube undertook the estimation work between August and September 2023, with results released to the market on 2nd October 2023.
• Creasy GroupcoreStrategic or Co-development Partner · 29 May 2018Galileo has a joint venture with the Creasy Group over Fraser Range tenements. Galileo holds 67% interest and the Creasy Group holds 33% in the Fraser Range Nickel Project. The project is prospective for nickel-copper sulphide deposits similar to the operating Nova nickel mine. The Creasy Group is also the vehicle through which Mark Creasy holds his shareholding.
• Association of Mining and Exploration Companies (AMEC)minorOthersGalileo Mining is a member of AMEC, the peak industry body for mining and exploration companies in Australia, providing networking, advocacy and industry representation.

Scale indicators8 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Legend Mining: ASX-listed junior explorer with a large Fraser Range nickel-copper-cobalt project (Rockford Project) directly adjacent to and overlapping Galileo's Fraser Range tenements. Highly comparable in scale, commodity focus, and exploration stage.
• Cobalt Blue Holdings: ASX-listed explorer-developer focused on cobalt-nickel mineralisation at the Broken Hill project in NSW. Comparable as a publicly listed critical-minerals (Co-Ni) junior targeting battery-metal supply chains.
• Azure Minerals: ASX-listed junior explorer with the Andover nickel-copper-cobalt project in the Pilbara region of Western Australia. Comparable as a WA-focused magmatic nickel-copper sulphide explorer at a similar pre-development stage with strong shareholder backing.
• Podium Minerals: ASX-listed PGE-focused explorer-developer with the Parks Reef PGE-nickel-copper project in Western Australia. Closely comparable as an Australian junior focused on palladium-platinum-nickel-copper sulphide mineralisation.
• Ardea Resources: ASX-listed explorer-developer focused on nickel-cobalt and critical minerals in Western Australia, including the Kalgoorlie Nickel Project. Directly comparable as a junior-to-mid-tier WA critical-minerals explorer with laterite nickel-cobalt resources.
• Panoramic Resources: ASX-listed nickel-copper-cobalt producer with the Savannah mine in Western Australia and a strong PGE by-product stream. Comparable as a small-cap WA-focused nickel-PGE producer with similar end-metal mix to Galileo's Callisto target.

Emerging players

• Chalice Mining: ASX-listed explorer-developer with the Julimar nickel-copper-PGE discovery in Western Australia, a major magmatic sulphide system. Comparable as a WA-based critical-minerals explorer focused on nickel-copper-PGE sulphide deposits, though at a more advanced stage.
• Aldebaran Resources: ASX- and TSX-listed exploration company with the Altar copper-gold project in Argentina and the Rio Grande copper-gold project. Comparable as a publicly listed junior explorer with critical/green-metals exposure and significant institutional backing.

Broad incumbents

• IGO Ltd: Major ASX-listed critical-minerals producer (nickel, cobalt, lithium) and Galileo's second-largest shareholder at 8.3%. IGO operates the Nova nickel mine in the Fraser Range adjacent to Galileo's tenure, making it the most directly comparable peer by geography, commodity focus, and corporate relationship.
• Nickel Mines: ASX-listed nickel producer with major Indonesian operations (Hengjaya, Ranger, Angel) and a long-term offtake relationship with Tsingshan. Comparable as a publicly listed nickel-focused company, though at a far more advanced production stage than Galileo.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/galileomining
• LinkedInlinkedin.com/company/galileo-mining/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Galileo Mining