GALILEO MINING LTD
ASX:GALMaterialsToday’s holders own 99.4% of what they think they own, once every option and right converts.
No issuance filings since 2024; no dilution pressure signals in current disclosures
GALILEO MINING LTD has not lodged any share-issuance (Appendix 2A) filings since January 2024 and no such filings are on record for the period, so no share-count change figure is available. The company has not raised capital through any cash placement, rights issue or share purchase plan in the 24-month window. Options and rights on issue could convert into 1M new shares, equal to 0.6% of the current share count, none of which are in the money; the nearest expiry falls in October 2029. The company has more than 4 quarters of funding at the recent spend rate, based on its September 2026 quarterly report. No proposed securities issues are pending.
Quick answers · 3
How much placement capacity does GAL have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does GAL have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Galileo Mining reported $6.9M of cash and estimated 12.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do GAL's options expire?
Unexercised options and rights equal 0.6% of Galileo Mining's shares on issue; the nearest expiry is Oct 2029.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 24 Oct 2025 | 3G · unquoted | GAL : ORDINARY FULLY PAID | 197.6M | Appendix 3G |
| 24 Oct 2025 | 3G · unquoted | GAL : ORDINARY FULLY PAID | 197.6M | Appendix 3G |
| 23 Sept 2025 | 3H · cancellation | GAL : ORDINARY FULLY PAID | 197.6M | Appendix 3H |
| 1 Aug 2025 | 3H · cancellation | ORDINARY FULLY PAID | 197.6M | Appendix 3H |
| 31 Oct 2024 | 3H · cancellation | GAL : ORDINARY FULLY PAID | 197.6M | Appendix 3H |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · RC drill program (to start)
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.10 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 1.1M (0.6% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| — | Options | Price-triggered | $0.30 | 9 Oct 2029 | 1.1M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 23 Oct 2025 | Brad Underwood | Other | 8.6M | 4.0M | — | — | 3Y notice |
| 23 Oct 2025 | Mathew Joseph Whyte | Other | 350k | 1.0M | — | — | 3Y notice |
| 23 Oct 2025 | Noel Mark O'Brien | Other | 2.4M | 1.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.