Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Investor Presentation (October 2020)
19 slides from Galileo Mining's investor presentation, Oct 6, 2020
Slide 1: Strategic Focus on Nickel, Copper & Cobalt in Tier-1 Mining Jurisdiction
STRATEGIC FOCUS ON NICKEL, COPPER & COBALT IN TIER-1 MINING JURISDICTION Investor Presentation I October 2020 I 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 ✓ Strong cash position with ~$8.7M1 ✓ High value nickel targets in the Fraser Range nickel belt ✓ Active nickel/copper/cobalt exploration at Norseman with an existing resource base ✓ All assets are in the Tier-1 mining jurisdiction of Western Australia ✓ Pre-discovery market v
Slide 4: Corporate Snapshot
Corporate Snapshot Key Metrics ASX Code GAL Shares on Issue 143.1m Share price (at 2 October 2020) 20.5c Share Price (six months) Market Cap (undiluted) $29.3m Cash (at 30 June 2020) $8.7m Enterprise Value $20.6m Options on Issue 15m @ $0.20 (vesting condition: 60 day VWAP > $0.60) 2.3m @ $0.44 per
Slide 5: Project Portfolio
Project Portfolio Strategic Commodity & District Focus • Nickel and cobalt • Numerous operating mines in the district with access to world-class infrastructure (road, rail, Port of Esperance) Fraser Range JV Project * • Fraser Range is a developing nickel province with two significant deposits, at N
Slide 6: Fraser Range Nickel Belt
Fraser Range Nickel Belt Fraser Range: Fast developing new mineral province • Two nickel-copper-cobalt resource discoveries in the past eight years (Nova & Silver Knight) • IGO: Nova nickel-copper-cobalt mine 14.4 Mt @ 2.3% Nickel, 0.9% Copper and 0.08 % Cobalt (1) • Silver Knight deposit, initial p
Slide 7: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) Thomson Fraser Nickel Belt Range ▪ More than Nickel Belt 10 deposits ▪ Two deposits over 100km with over of strike vs 150km of length prospective ▪ Total known strike length resources of ▪ Total known 146Mt resources of ▪ Over 50 18Mt with less years of
Slide 8: Active Exploration Zone
Active Exploration Zone Galileo Mining, Legend Mining, S2 Resources, Creasy, IGO • Lantern and Delta Blues - two key prospect areas in the northern Fraser Range • Lantern Prospect is 50km along strike from Legend Mining’s Mawson Prospect • Delta Blues Prospect is along strike from Legend Mining’s Cr
Slide 9: Recent Drilling Activity
Recent Drilling Activity RC and diamond drilling campaign • First diamond drill program conducted at Galileo’s northern Fraser Range project and the first ever to be undertaken looking for nickel in the project area • 23m of heavily disseminated, blebby and banded nickel-copper sulphides in ultramaf
Slide 10: Lantern South Prospect
Lantern South Prospect • Ultramafic intrusion with nickel-copper sulphide mineralisation on the western margin • Limited drilling with potential for additional mineralisation • Open to the south and at depth – follow up drilling required • Assay results pending for the only diamond drill hole comple
Slide 11: Lantern East Prospect
Lantern East Prospect • Large EM target on the margin of a major gabbronorite intrusion • Disseminated sulphide in the only diamond drill hole so far completed (LARC008D) • Source of conductive anomaly adjacent to sulphide in LARC008D has yet to be identified suggesting potential for additional sulp
Slide 12: Delta Blues Prospect
Delta Blues Prospect • Aircore drilling in late 2019 showed nickel prospective intrusive rock units • Weathered sulphide (0.5 – 1%) observed in petrographic samples • Prospective area with Legend Mining and S2 Resources active along strike in both directions (see map) • EM surveying is planned to es
Slide 13: Nickel Deposits in the Fraser Range
Nickel Deposits in the Fraser Range • Undercover mineralisation means there are no surface indications (soil anomalies, rock outcrop, etc.) • Aircore drilling confirms rock types beneath cover • Electromagnetic (EM) surveys map out conductors at depth that may contain economic nickel deposits • RC a
Slide 14: EM Surveys Underway
EM Surveys Underway Expanded Moving Loop Electro Magnetic (MLEM) surveys are underway at Fraser Range • Aim is to identify new zones of nickel sulphide mineralisation • Surveys to cover prospective intrusions (named Think Big, Backwood and Green Moon) located along strike from the Lantern area which
Slide 15: Norseman Project
Norseman Project • 278 square kilometres of prospective ground at the southern end of the prolific Norseman-Wiluna greenstone belt • Tenements are prospective for komatiite hosted nickel sulphide, VMS copper-gold and nickel-cobalt laterite mineralisation • Current 25 Mt nickel-cobalt laterite resour
Slide 16: A Significant Investment Opportunity
A Significant Investment Opportunity • $8.7 million in cash = well funded junior exploration company • Highly leveraged to discovery success with current market cap around $29 million • Fraser Range exploration with strong potential for high value nickel deposits • Active explorer with experienced m
Slide 17: Appendix – Galileo Board
Appendix – Galileo Board Brad Underwood ▪ Mr Underwood is a geologist with over 18 years’ experience in exploration, prospecting and mining. He has been involved in nickel, gold, copper and cobalt discoveries and the development of numerous prospects Chairman & Managing over a variety of commodities
Slide 18: Appendix – JORC Resources
Mineral Resource Estimates for the Norseman Cobalt Project (“Estimates”) (refer to ASX “Prospectus” announcement dated May 25th 2018 and ASX announcement dated 11th December 2018, accessible at http://www.galileomining.com.au/investors/asx- announcements/). Galileo confirms that all material assumpt
Slide 19: P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/
P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/ 19
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