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Galileo Mining Reports $706k Cash Outflow, Holds $11.3m for Exploration
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Galileo Mining Reports $706k Cash Outflow, Holds $11.3m for Exploration
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Net cash outflow of $706,000 for the December quarter
Significant $664,000 spent on exploration and evaluation activities
Cash and cash equivalents stand at $11.3 million at quarter-end
Estimated funding runway of 16 quarters based on current expenditure
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