Galileo Mining hits record high on platinum discovery in Western Australia

Galileo Mining

11/05/2022 03:20

** Shares of mining co Galileo Mining Ltd  GAL.AX  rise as
much as 250% to A$0.70, a record high
    ** Says it found palladium, platinum, gold, copper and
nickel mineralization at its Norseman project in Western
Australia  urn:newsml:reuters.com:*:nASX4RBRJl
    ** Initial samples from well re-submitted to check for
rhodium and all other platinum group elements
    ** Stock posts its biggest intraday pct gain till date
    ** Over 27.5 mln shares change hands, compared with the
30-day average volume of about 245,000 shares
    ** Stock has fallen 11.1% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))