Australia's Galileo Mining soars on copper, nickel discovery at WA project

Galileo Mining

21/03/2023 01:13

** Shares of mineral explorer Galileo Mining Ltd  GAL.AX 
climb as much as 57.4% to A$0.850 - set for best day since May
2022, if gains hold 
    ** GAL stock hits its highest since Feb. 10
    ** Co says step-out drilling found thick sulphide zone at
Callisto discovery within its Norseman project in Western
Australia
    ** Says it recorded widest drill intersection to date with
72 metres of copper-nickel mineralisation
    ** Adds co is fully funded to implement all planned drilling
programmes, with no requirement to raise short-term capital
    ** Stock top gainer on ASX All Ordinaries index  .AORD 
    ** Trading volumes 6 times the 30-day average of 224,658
shares
    ** As of last close, stock down 37% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))