Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Investor Presentation (February 2024)
21 slides from Galileo Mining's investor presentation, Feb 13, 2024
Slide 1: Investor Presentation February 2024
For personal use only INVESTOR PRESENTATION FEBRUARY 2024 ASX: GAL 1
Slide 2: Disclaimer & Statements
Disclaimer & Statements of the recipient of this Document and the Company will not be responsible for any loss incurred by the Recipient This Presentation (“Presentation” or the “Document”) has been prepared by Galileo Mining Ltd (ACN 104 114 as a result of any actions taken by them. The Company rep
Slide 3: Growth through discovery
Growth through discovery Callisto nickel & palladium deposit in For personal use only an established mining region of Western Australia Specialist exploration company creating value by targeting new mineral resources Campaign drilling programs in 20km prospective zone around the Callisto deposit Ear
Slide 4: Corporate Snapshot
Corporate Snapshot Share Price (six months) Key metrics For personal use only Tickers ASX: GAL 0.6 2500000 0.5 Shares on Issue 197.4m 2000000 0.4 Share price (at 12th Feb 24) $0.21 1500000 0.3 1000000 0.2 Market Cap ~ $41.5m 0.1 500000 Cash (at 31st Dec 23) ~$10.4m 0 0 Enterprise Value ~$31.1m 14/08
Slide 5: Board & Management
Board & Management Over 20 years in exploration, prospecting, and mining. Brad Underwood Widely experienced in the strategic growth and commercialisation of mineral assets at different stages of development and over multiple Chairman & MD commodity classes. Involved in the discovery and develo
Slide 6: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo)
Slide 7: Premier project location
Premier project location NORSEMAN PROJECT For personal use only Granted 17.5Mt Maiden Resource Estimate mining lease 10 km from mining town of Norseman 3km from sealed highway Established mining region Access to gas, water, road, and rail 180km from Port of Esperance World class 255 squa
Slide 8: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery * Discovery of nickel-palladium sulphide mineralisation For personal use only • Discovery drillhole in May 2022 (NRC266) returned significant palladium-platinum- gold-copper-nickel-rhodium mineralisation: • 33m @ 2.05 g/t 4E (1.64 g/t Pd, 0.28 g/t Pt, 0.09 g/t A
Slide 9: Callisto Geology Modelling
Callisto Geology Modelling • Consistent and continuously mineralised sill starting at 75 metres below surface For personal use only • Strike length of approximately 300 metres, down dip extent of 800 metres, average true thickness approximately 40 metres • Geology and resource modelling based on 147
Slide 10: Callisto Resource Modelling
Callisto Resource Modelling* • Indicated and Inferred Mineral Resource of 17.5 Mt @ 1.04g/t 4E1, 0.20% Ni, 0.16% Cu (2.3g/t For personal use only PdEq2 or 0.52% NiEq3) • Contained metal of 585,000oz 4E, 35kt Ni and 28kt Cu (~1.27Moz PdEq or ~91,000t NiEq) • ~8Mt (46%) of the resource is inside the i
Slide 11: Metallurgical test work
Metallurgical test work Excellent initial metallurgy results from Callisto For personal use only • Sulphide flotation at an industry standard 75µm grind size achieves excellent results with 94% copper recovery, 82% palladium recovery, 77% nickel recovery, 79% gold recovery, 78% platinum recovery, an
Slide 12: Exploration Targeting
Exploration Targeting Multiple drilling and exploration programs in the works • Callisto deposit is analogous in mineralisation style to the For personal use only Platreef PGE deposits in South Africa • Thick blanket of disseminated sulphides within ultramafic sill towards base of much larger mafic-
Slide 13: Extensive 20km Callisto Trend
Extensive 20km Callisto Trend North Callisto – new PGE enriched areas* • New prospective trends with wide zones of anomalous palladium and For personal use only platinum: • 132m @ 0.21 g/t 3E from 60m (NRC463) • 62m @ 0.22 g/t 3E from 136m (NRC470) • 100m @ 0.19 g/t 3E from 56m (NRC466) • Results fr
Slide 14: 20km Callisto Trend - Geophysical IP
20km Callisto Trend -Geophysical IP North Callisto targets • Initial IP results show chargeable highs within For personal use only the interpreted sulphide zone - may be related to a greater intensity of sulphide accumulation and higher potential for economic mineralization Figure 1 - Chargeability
Slide 15: Norseman Project Work Programs
Norseman Project Work Programs February to April 2024 – target generation and drill testing For personal use only Ongoing RC drill campaign Geophysical IP geophysical along Callisto trend surveys and target Finalisation surveys at South at the North Callisto generation – of drill targets Callisto an
Slide 16: Fraser Range JV Project
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 17: Fraser Range Nickel Province
Fraser Range Nickel Province Over 600 km2 of highly prospective ground For personal use only • Tenements between 30 and 90km from IGO’s operating high grade Nova nickel mine • Regional electromagnetic (EM) surveying used to define target positions beneath cover rock • Intrusions with anomalous sulph
Slide 18: Strategic Fraser Range tenement portfolio
Strategic Fraser Range tenement portfolio • Greenfield tenements with no previous For personal use only nickel exploration gives Galileo a unique first mover advantage • EM surveying completed along strike from E28/2797 the Lantern South Prospect where previous drilling intersected nickel-copper sul
Slide 19: Key Messages
Key Messages Well funded and supported junior For personal use only exploration company Newly discovered mineral province with untapped potential Campaign drill programs throughout the year Highly prospective Norseman & Fraser Range projects Active explorer with experienced management and team 21 19
Slide 20: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: galileomining.com.au
Slide 21: Callisto Mineral Resource Estimate
Callisto Mineral Resource Estimate* Grades Metal accumulations Reporting Mass JORC Pd Pt Au Rh Ni PdEq NiEq 4E Pd Au Rh Ni PdEq NiEq 4E Criteria (Mt) Cu (%) Pt (Koz) Cu (Kt) (ppm) (ppm) (ppm) (ppm) (%) (ppm) (%) (ppm) (Koz) (Koz) (Koz) (Kt) (Koz) (Kt) (Koz) For personal use only Indicated 7.96 0.92
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