Galileo Resources Plc · LSE:GLR
Galileo Resources — 7th International Rare Earth Conference 2011
23 slides from Galileo Resources's conference presentation, Nov 15, 2011
Slide 1: Flagship Glenover Rare Earth Project
FLAGSHIP GLENOVER RARE EARTH PROJECT 7th International Rare Earth Conference Hong Kong November 15 - 17 2011
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT (“DOCUMENT”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THE DISTRIBUTION OF THIS DOCUMENT MAY BE RESTRICTED BY LAW. ACCORDINGLY, THIS DOCUMENT MAY NOT BE DISTRIBUTED IN ANY JURISDICTION EXCEPT IN ACCORDANCE WITH THE LEGAL REQUIREMENTS
Slide 3: Board Of Directors
Lots of experience, commitment and achievement Board Of Directors Colin Bird is a chartered mining engineer with multi commodity mine management experience in Africa, Spain, Latin America and the Middle East. He has been the prime Colin Bird Executive mover in a number of public listings in the UK,
Slide 4: Mission Statement
Galileo is Focused Mission Statement To process the Glenover Rare Earth stockpiles To explore, increase & exploit Glenover Primary source for Rare Earths & Niobium Develop strategically placed North Eastern Cape quarry To prospect & explore properties around South Africa in Manganese, Iron O
Slide 5: Why Rare Earths?
Who knew much about Rare Earths two years ago? Why Rare Earths? Possess numerous unique properties, making them indispensable to modern technology required to sustain the needs of today’s society “Green” technologies such as fuel cells, hybrid vehicles, wind turbines China produces over 95 % o
Slide 6: Rare Earth Supply & Demand
There’s a big market to be supplied against real supply constraints Rare Earth Supply & Demand Source: Technology Minerals The Rare Earths race is on! Ernst & Young April 2011 6
Slide 7: Rare Earths Quotas
Chinese have really put the brakes on! Rare Earths Quotas 2010 2011 Feb 2011 China’s State Council says it will Nov 2010 China resumes Strengthen oversight of the shipments of rare earths to Japan Rare earths industry Jul 2011 Beijing brings 2011 export Jul 2010 Beijing slashes export Quotas to the
Slide 8: REE Applications
It is all about today’s life REE Applications More energy efficient through lower consumption Hybrid Vehicles Compact Fluorescent Lights Fluid Cracking Catalysts Improve Environmental protection – reduce greenhouse gas emissions Diesel Additives Auto Catalysts Wind Turbines Enabling digi
Slide 9: Location Of Projects
We are diverse with one big project: Glenover Phosphate Location Of Projects Glenover Phosphate Project Calais 470 Bergheim 229 Santoy 230 Waldeck West Gamasep 485 Kapok 733 Gamaliets 659 Leinster 222 Brightwater Quarry Project Projects Exploration sites 9
Slide 10: Project location
Lots of action before we got there! Project location 10
Slide 11: Glenover Rare Earth Project
Lots of action before we got there! Glenover Rare Earth Project Available process equipment Phosphate open pit Recent drilling Open pit stockpiles 11
Slide 12: Carbonatite
Southern Africa’s second biggest carbonatite Carbonatite Mine Area and Apatite-Haematite Breccia Ore Stockpiles Ore Stockpiles 0 50 100 200 Metres Ore Stockpiles 1.34 million m3 2.0-2.5 million tonnes 12
Slide 13: Glenover Carbonatite Geology
Big system – Big potential Glenover Carbonatite Geology Pit Area Pit Area Geology Carbonatite Geology Carbonatised Pyroxenite Coarse-grained Pyroxenite Carbonatite Fine-grained Pyroxenite Fenitised Quartzite Carbonatised Pyroxenite Coarse-grained Pyroxenite Fine-grained Pyroxenite Fenitised Quartzit
Slide 14: Glenover Rare Earth Project
Early production opportunities, huge medium term potential Glenover Rare Earth Project Short time to market and to realize investment returns: Existing stockpiles of REE-rich minerals have already been mined and are ready for processing. Highly accessible REE: Stockpile material has low levels o
Slide 15: Glenover Rare Earth Project
Good spread of much sought after REE Glenover Rare Earth Project SAMPLE & ANALYSIS (SUMMARY) A sample of the above ground stockpile was found to contain around 1.6% Total Rare Earth Oxides (“TREO”) Approximately 80% of the REE value in Nd and Pr The remaining material also contains Iron Oxide,
Slide 16: Borehole GHV 001
First Borehole confirms REE split contained in stockpiles Borehole GHV 001 Relative Proportion of the Light REEs in Core (LREEs: Ce La Nd Pr Sm Gd Eu) =100% representing 98% of total REEs in Core) La 18% Pr 6% Ce 46% Nd 23% Eu Gd Sm 1% 2% 4% 16
Slide 17: GHV 001 Assay Results
Working on correlation between mineral types and contained REE GHV 001 Assay Results Total Apatite dominant Monazite dominant Core run From To Width REOs P2O5 Nb2O5 sampled m m m %* % % Total 0 243.12 243.12 1.97 17.19 0.73 >1%REO 25.22 173.07 147.85 2.78 25.12 1.03 including 92.38 169.85 77.47 3.66
Slide 18: Brightwater Quarry
Idea is that cash flow limits shareholder dilution Brightwater Quarry Primarily a hard dolerite/norite reserve covering an area of 14 hectares Entire deposit is well exposed Quarry has been previously worked for the supply of road aggregates Two separate pits are planned to maximize the extr
Slide 19: Prospecting/Mining Rights
Good rights in highly prospective environments Prospecting/Mining Rights Exploration Site Location Rights details and status Waldeck West no 254 110km from Upington, Prospecting right granted for Manganese and Iron Ore Northern Cape, RSA Gamaliets no 659 30km from Prospecting right granted for Manga
Slide 20: Programme
Mission clear, Direction clear, Getting on with it. Programme Mineralogical & Metallurgical testwork Design flowsheet for Rare Earths Develop Feasibility Study Explore primary deposit to increase Rare Earth Ore Resource Develop Rare Earth large Extract Facility Develop Roadstone Quarry w
Slide 21: Share price performance
Lots of potential for value addition Share price performance AIM: GLR Shares in issue: 70 million Market capitalisation: £ 24.5 million 21
Slide 22: Compelling Investment Case
Well balanced with above average Rare Earth Project Compelling Investment Case Quality, near cash flow, strategic position Glenover Rare Earth above average, since ready for production build & a major Rare Earth Resource Strong Partners Dilution minimized by cash flow from Quarry Operations
Slide 23: Thank you for your attention
Thank you for your attention www.galileoresources.com 23
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