Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Resources Roadhouse (June 2022)
23 slides from Galileo Mining's conference presentation, Jun 9, 2022
Slide 1: Electric Future: Nickel, Copper, Cobalt, Palladium & Platinum in Western Australia
For personal use only ELECTRIC FUTURE: NICKEL, COPPER, COBALT, PALLADIUM & PLATINUM IN WESTERN AUSTRALIA RESOURCES ROADHOUSE INVESTMENT PRESENTATION 9 JUNE 2022 ASX:GAL
Slide 2: Disclaimer
Disclaimer This Presentation (“ or the “ has been prepared by Galileo Mining Ltd (ACN 104 114 132 ))(“ and is general this Document and the Company will not be responsible for any loss incurred by the Recipient as a result of any For personal use only background information about the Company and its
Slide 3: Key Messages
Key Messages For personal use only Well supported – successful High value nickel targets, Fraser Range and Norseman mining investor Mark Creasy palladium targets and an projects in the Tier-1 mining and major mining company IGO existing cobalt/nickel jurisdiction of Western are the largest sharehold
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Share Price (twelve months) Key metrics 2 70 ASX Code GAL Millions 1.8 60 Shares on Issue 178.8m 1.6 1.4 50 Share price (@ 8th June 2022) $1.555 1.2 40 1 Market Cap ~ $278 m 0.8 30 Cash (at 31st March 2022) $8.2 m 0.6 20 0.4 Enterprise Value ~$270 m 10 0.2 Op
Slide 5: Highly Experienced Board
Highly Experienced Board Over 20 years in exploration, prospecting, and mining. For personal use only Widely experienced in the strategic growth and commercialisation of mineral assets at Brad Underwood different stages of development and over multiple commodity classes. Involved in the discov
Slide 6: Project Portfolio
Project Portfolio Strategic For personal use only Commodity & • Numerous operating mines in the district District Focus • Access to world-class infrastructure (road, rail, Kalgoorlie, Port of Esperance) • Recent discovery of significant palladium-platinum-copper-nickel-sulphide from RC drilling at t
Slide 7: Targeting Green Metals in Western Australia
Targeting Green Metals in Western Australia Galileo is exploring for critical metals needed in a low-carbon future For personal use only PALLADIUM, PLATINUM & NICKEL & COBALT COPPER RHODIUM • Palladium, platinum & rhodium are critical • Essential components in lithium-ion • Used extensively in the g
Slide 8: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo)
Slide 9: Norseman Project
Norseman Project For personal use only Highly prospective ground next to Norseman • 278km2 of prospective ground at the southern end of the prolific Norseman- Wiluna greenstone belt • Premier project location: 10km from Norseman and the historic 5Moz Norseman gold mine Adjacent to sealed Coolgar
Slide 10: Norseman Project – RC Drilling Program
Norseman Project – RC Drilling Program Discovery of significant palladium-platinum-copper-nickel & rhodium sulphide For personal use only • 6 RC holes (1,142m) drilled at the Callisto Discovery. • Discovery drill hole NRC266 returned significant mineralisation over 33m. Assays from NRC266 also inclu
Slide 11: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery A new palladium-platinum province in which Galileo controls all of the For personal use only most prospective ground • Strong geological continuity between all drill holes with sulphides occurring at the base of an ultramafic sill where it intrudes into sediment
Slide 12: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery Geological similarities to South Africa’s extensive Platreef palladium- For personal use only platinum-gold-rhodium-copper-nickel deposits • Initial appraisal of Callisto results indicates similarities in mineralisation style to Platreef deposits on the northern
Slide 13: Norseman Project – Aircore Drilling Program
Norseman Project – Aircore Drilling Program • ~ 9,000m aircore program took place in November/December 2021 For personal use only • Five priority palladium-nickel targets were tested with aircore drilling • Aircore drilling was designed to develop multiple prospects for follow up RC and/or diamond d
Slide 14: Norseman Project – Jimberlana Prospect
Norseman Project – Jimberlana Prospect Strong EM conductors beneath sulphides For personal use only Highly anomalous nickel-copper-cobalt-palladium assays • Massive sulphides in NAC105 underlain by EM conductors (J3 & J4 EM Targets): • 1m @ 0.24% nickel, 0.35% copper, 0.04% cobalt and 0.25 g/t palla
Slide 15: Norseman Project – Mission Sill Prospect
Norseman Project – Mission Sill Prospect Palladium and platinum drill results over 9km strike For personal use only length • High palladium and platinum results over broad intersections • 8m @ 1.44 g/t 2E (palladium + platinum), 0.11% nickel, 0.01% copper from 8m in NAC151 including • 4m @ 1.70 g/t
Slide 16: Norseman Project – Next Steps
Norseman Project – Next Steps For personal use only 1) Assaying of all drill holes from the April RC program (complete) 2) Down hole EM surveying of selected drill holes from the April RC program to assist with next stage of drill targeting (complete) 3) Petrography of selected samples to determine
Slide 17: Fraser Range JV Project (67% Galileo / 33% Creasy Group)
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 18: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) For personal use only Thomson Fraser Range Nickel Belt Nickel Belt More than 10 Two deposits with deposits over over 150km of 100km of prospective strike strike length length Total known Total combined resources of VS resources of 18Mt 146Mt at N
Slide 19: Exploration in the Fraser Range
Exploration in the Fraser Range For personal use only Geophysics – the key to undercover discoveries • Magnetic and gravity interpretation as a guide to the location of prospective intrusions • Regional EM surveying to define target positions beneath cover rock • Two intrusions with sulphides identi
Slide 20: Strategic new Fraser Range tenement
Strategic new Fraser Range tenement • Highly prospective greenfield tenement acquired along For personal use only strike from Galileo’s existing Fraser Range targets • No previous exploration provides Galileo with a first mover advantage • Tenement E28/2797 is six kilometres along strike from the La
Slide 21: A Significant Investment Opportunity
A Significant Investment Opportunity For personal use only Well funded Early discovery Highly prospective and supported junior valuation with upcoming Norseman & Fraser exploration company drill programs Range projects Active explorer Focused on high demand with highly experienced metals – palladium
Slide 22: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W:http://www.galileomining.com.au/
Slide 23: Appendix – Mineral Resource Estimates for the Norseman Cobalt Project
Mineral Resource Estimates for the Norseman Cobalt Project (“Estimates”) (refer to ASX “Prospectus” announcement dated For personal use only May 25th 2018 and ASX announcement dated 11th December 2018, accessible at http://www.galileomining.com.au/investors/asx-announcements/). Galileo confirms that