GALILEO MINING LTD

ASX:GALMaterials

197.6M shares on issueASX (delayed) · snapshot 11 Sept 2026198.7M fully diluted+0.6% if every option and right converts$0.11price · delayed$21.7Mmarket cap · indicative

Today’s holders own 99.4% of what they think they own, once every option and right converts.

Minimal

Dilution risk

No issuance filings since 2024; no dilution pressure signals in current disclosures

Absolute levels — not a ranking against other companies.

Cash runway8.4 quarters of funding

Share-count growth (24m)0.0%no issuance filings since 2024

Raise cadence (24m)0 cash raises

Options & rights overhang0.6% of shares

In-the-money supply0.0% of shares

Pending proposed issuesnone

GALILEO MINING LTD has no share-issuance filings on record in the 24-month window and has lodged no new share-issuance filings since January 2024. The company has not raised capital in the past 24 months and has no proposed securities issues pending. Options and rights on issue could convert into 1M new shares, equal to 0.6% of the current share count, with the nearest expiry in October 2029. At the June 2026 quarter, GALILEO MINING LTD reported A$6.8M in available cash, which could cover 8.4 quarters of funding at its recent spending rate.

AI-generated summary of this page's cited filings · updated 8 Sept 2026

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0.6%

Options & rights overhang

0.0%

In-the-money supply

Raises · last 12 months

8.4 qtrs

Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 197.6M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

8.4 qtrs

More than four quarters of funding at the recent spend rate.

Funds operations to about July 2028 at the reported spend rate.

$6.8M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $7.5M cash at quarter end (item 4.6), 10.3 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.

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11 quarters on record — Cash runway history

Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.

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Issuance timeline

Latest 5 filings (Appendix 2A 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
22 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

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6 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

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Capital raises

No equity raises in the last 24 months.

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Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

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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.

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1 dated event on record — Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).

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Placement capacity — LR 7.1 / 7.1A

The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.

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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.6%

Options & rights overhang · of current shares

0.0%

In-the-money supply · at current price

1.1M

Potential new shares

Oct 2029

Nearest expiry

What a price move would switch on

At $0.11 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.

1 class ceased in the last 12 months and is not counted above

The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.

GALAPCondition-triggered2.4M securities → 022 Sept 2025 Appendix 2A

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1 option line on record — In-the-money value & price ladder

What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.

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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