Galileo Mining completed a farm-in and joint venture agreement with a subsidiary of Mineral Resources (ASX:MIN) and announced results from recent drilling at its 100%-owned Norseman Project in Western Australia.

The agreement initiates a joint venture focused on lithium exploration, with Galileo receiving a tranche 1 payment of $5 million.

MinRes holds a 30% interest in the lithium rights on the Norseman tenements, with the option to increase its stake to 55% by funding $15 million in exploration over the next four years.

Recent drilling at Norseman has revealed zones of palladium and platinum mineralisation. Results include 64m at 0.22 g/t 3E from 104m and 84m at 0.13 g/t 3E from 208m.

Follow-up drilling for the targets is scheduled to commence in August.