Slide 1: Investor Presentation August 2019
INVESTOR PRESENTATION AUGUST 2019 (ASX:GAL)
Slide 2: Disclaimer
DISCLAIMER This Presentation (“Presentation” or the “Document”) has been prepared by Galileo Mining Ltd (ACN 104 114 132) (“Company”) and is general background information about the Company and its wholly owned subsidiaries activities as at the date of this Presentation. This Document is prepared fo
Slide 3: Investment Opportunity
INVESTMENT OPPORTUNITY $7.1 million in cash1 - fully funded for the next two years Nickel, copper and cobalt assets in Tier-1 mining jurisdiction Strategic focus on drilling programs to create value through discovery Norseman copper drilling in August Fraser Range nickel drilling in Septem
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Key Metrics Share Price (six months) ASX Code GAL Shares on Issue 120.4m Share price (as at 1st Aug 2019) 14.5c Market Cap (undiluted) $17.5m Cash (30/06/19) $7.1m Enterprise Value $10.4m Options on Issue 15m @ $0.20 (vesting condition: 60 day VWAP > $0.60) Debt No debt Shareholde
Slide 5: Growth Through Discovery
GROWTH THROUGH DISCOVERY © GALILEO Evolution of an Exploration Company : _ Mine : Develop- : ment ! Operating ' Revenues High : Lower eward |: Risk High Risk: R SHARE PRICE ' ' Resource ! ' Pre-discovery: Discovery ‘Quantification: Construction | Production Exploration Mining TIME
Slide 6: Project Portfolio
PROJECT PORTFOLIO Western Australia focus Stable jurisdiction Numerous operating mines in the district with access to world-class infrastructure (road, rail, Port of Esperance) Norseman Project High grade copper gossan on surface, drill testing in August 25Mt JORC resource with 26,600t c
Slide 7: Norseman Copper Targets
NORSEMAN COPPER TARGETS High value copper resources Volcanogenic Massive Sulphide (VMS) deposits Copper occurs together with gold, zinc, lead and silver Volcanic eruptions at surface are accompanied by sulphide mineralisation emplaced at shallow depths West Australian examples include; DeG
Slide 8: Norseman Project - Subzero
NORSEMAN PROJECT - SUBZERO High grade copper gossan at Subzero Prospect Assays from surface sampling with maximum 19.9% copper (1) Copper outcrop around historic prospecting shaft (image to right) Prospective rock unit can be traced for over two kilometres EM survey suggests potential for la
Slide 9: Norseman Project - Subzero
NORSEMAN PROJECT - SUBZERO Significant conductive targets Extensive conductors over 2.1km strike length (1) Conductive rocks targeted in copper exploration due to sulphide minerals responding to electrical charge Modelled conductors start from 80 metres below surface adjacent to surface copper
Slide 10: Norseman Project - Cobalt
NORSEMAN PROJECT - COBALT Substantial cobalt-nickel resource 25.1Mt @ 0.11% cobalt and 0.49% nickel (1) 26,600 tonnes of contained cobalt and 122,500 tonnes of contained nickel Shallow resource close to established infrastructure Resource is 20km from the town of Norseman Provides leverage
Slide 11: Fraser Range Project
FRASER RANGE PROJECT Fraser Range: Fast developing mineral province Two significant nickel-copper-cobalt discoveries in past seven years (Nova & Silver Knight) IGO: Nova nickel-copper-cobalt mine 14.4 Mt @ 2.3% Nickel, 0.9% Copper and 0.08 % Cobalt (1) Plus gold and base metal prospectivity
Slide 12: Fraser Range Targets
FRASER RANGE TARGETS High value nickel-copper resources Magmatic nickel-copper sulphide deposits Nickel occurs together with copper and cobalt in sulphide form Irregular intrusions called “chonoliths” and regular layered sills are emplaced below the surface by pulses of magma West Australian
Slide 13: Lantern Prospect
LANTERN PROSPECT Intrusions with similar host rocks to Nova and Silver Knight Aircore drilling shows gabbro, gabbro-norite and peridotite rocks with potential to host nickel- copper Best aircore results so far 27m @ 0.18% Ni and 0.17% Copper from 47m (LAAC041) (1) Detailed magnetic and gravity
Slide 14: Lantern Prospect
LANTERN PROSPECT Conductive response defines large scale target Electro Magnetic survey demonstrates conductive zone within intrusion (late time EM image to right) (1) Conductor may be related to economic sulphide mineralisation Priority areas for drilling are above the conductive response and
Slide 15: Empire Rose Prospect
EMPIRE ROSE PROSPECT Best intercept from maiden drilling completed in October 2018 was 36m @ 0.2% Nickel from 18m (drill hole ERAC015) (1) Electro-magnetic (EM) survey delineated a strongly conductive target 250 metres below surface (1) Diamond drilling showed anomalous gold associated with su
Slide 16: A Significant Investment Opportunity
A SIGNIFICANT INVESTMENT OPPORTUNITY $7.1 million in cash - fully funded exploration programs for the next two years Active explorer focussed on target generation and drill testing Highly leveraged to nickel, copper and cobalt in a period of increasing demand Norseman exploration with highly
Slide 17: Appendix - Galileo Board
APPENDIX - GALILEO BOARD Simon Jenkins Mr Jenkins has been a director of corporate law firm Price Sierakowski Corporate since 2005 and has experience in a broad range of corporate transactions including takeovers, mergers and capital raisings both in Australia and overseas. Chairman He has exten
Slide 18: Appendix - JORC Resources
APPENDIX – JORC RESOURCES JORC 2012 RESOURCES Cut-off Class Tonnes Mt Co Ni Cobalt % % Tonnes % Tonnes MT THIRSTY SILL 0.06 % Indicated 10.5 0.12 12,100 0.58 60,800 Inferred 2.0 0.11 2,200 0.51 10,200 Total 12.5 0.11 14,300 0.57 71,100 MISSION SILL 0.06 % Inferred 7.7 0.11 8,200 0.45 35,000 GOBLIN 0
Slide 19: Thank You
THANK YOU P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/ 19