Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Mines & Money @ IMARC 2021
20 slides from Galileo Mining's conference presentation, Oct 19, 2021
Slide 1: Electric Future: Nickel, Copper, Cobalt & Palladium in Western Australia
ELECTRIC FUTURE: NICKEL, COPPER, COBALT & PALLADIUM IN WESTERN AUSTRALIA MINES & MONEY @ IMARC PRESENTATION 19 October 2021 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 background information about the Company and its wholly owned subsidia
Slide 3: Investment Opportunity
Investment Opportunity Strong cash position High value nickel targets, Campaign drilling programs with~$10.4M 1 Recently raised palladium targets and an throughout the year $6.5M from institutional and existing cobalt/nickel sophisticated investors resource All assets are in the Tier-1 Pre-discovery
Slide 4: Corporate Snapshot
Corporate Snapshot Share Price (twelve months) Key metrics 0.45 12000000 ASX Code GAL 0.4 Shares on Issue 168.1m 10000000 0.35 Share price (@ 18th October 2021) 24.5c 0.3 8000000 0.25 Market Cap $41.2m 6000000 0.2 Cash (at 30th Sep 2021) $10.4m 0.15 4000000 Enterprise Value $30.8m 0.1 2000000 0.05 O
Slide 5: Highly Experienced Board
Highly Experienced Board Over 18 years’ experience in exploration, prospecting and mining. Brad Underwood 2010 – 2018 worked for Mark Creasy as General Manager of several private companies. Discovered the Silver Knight nickel-copper-cobalt deposit in the Fraser Range and Chairman & MD Galileo’
Slide 6: Project Portfolio
Project Portfolio Strategic • Numerous operating mines in the district Commodity & • Access to world-class infrastructure (road, rail, City of Kalgoorlie, District Focus Port of Esperance) • Developing nickel province with two significant deposits so far at Nova and Silver Knight • Management with e
Slide 7: Fraser Range Project
Fraser Range Project Nickel, copper, cobalt
Slide 8: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) 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 known resources of VS resources of 18Mt 146Mt with less than ten years of m
Slide 9: Fraser Range Mineral Belt
Fraser Range Mineral Belt A New Mineral Province • Two nickel-copper-cobalt resources discovered since 2012 (Nova mine & Silver Knight deposit) • IGO: Nova nickel-copper-cobalt mine 14.4 Mt @ 2.3% Nickel, 0.9% Copper and 0.08 % Cobalt (1) • Silver Knight deposit, initial publicly disclosed resource
Slide 10: Drilling Activity
Drilling Activity RC and diamond drilling campaigns • First RC and diamond drilling programs intersect sulphides at the Lantern Prospect • 23m @ 0.19% Ni & 0.14% Cu from 133m in disseminated nickel- copper sulphides from ultramafic host rock (LARC013D) 1 • 41m @ 0.19% Ni & 0.14% Cu from 55m (LARC012
Slide 11: Delta Blues Drilling
Delta Blues Drilling First round of drilling - copper and gold assays confirm prospective mineralised sulphides 1,2 • Copper-gold assay results of: • 4m @ 0.29 g/t gold and 0.29% copper from 188m (DBRC001) including 1 metre @ 0.61 g/t gold and 0.66% copper from 190m • 5m @ 0.10 g/t gold and 0.25% co
Slide 12: New Nickel Target
New Nickel Target Results from target generation electro-magnetic (EM) surveying in the Fraser Range region continue to identify new nickel targets 1 • New nickel prospect less than 5km from confirmed nickel sulphides at the Lantern South prospect • Modelled EM conductor is a large-scale target 750
Slide 13: Norseman Project
Norseman Project Palladium, nickel, cobalt
Slide 14: Norseman Project
Norseman Project 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 Coolgardie-Esperance Highway
Slide 15: Norseman Project Priority Drill Targets from Palladium Soil Sampling
Norseman Project 5 Priority Drill Targets Identified from New Palladium Soil Sampling1 • Five priority palladium-nickel targets to be tested in upcoming aircore drilling program • High value palladium up to 0.81 g/t in soil sampling and nickel up to 0.25% define target zones2 • Large scale 10,000 me
Slide 16: Norseman Project Palladium Targets
Norseman Project Palladium Targets Identified from Existing Drilling Drill Section with Basement Palladium Mineralisation and Target Zone at the Mt Thirsty • Palladium drill results demonstrate highly prospective ground Prospect position 1 o 27 metres @ 0.58 g/t Pd, 0.12 g/t Pt, 0.13 % Cu & 0.18% Ni
Slide 17: Norseman Project Established Nickel and Cobalt Deposit
Norseman Project Established Nickel and Cobalt Deposit • 25.1Mt @ 0.11% cobalt and 0.49% nickel 1 • 26,600 tonnes of contained cobalt and 122,500 tonnes of contained nickel • Shallow, flat lying deposit, 20 -30 metres deep • Contiguous high-grade cobalt mineralisation • Ongoing metallurgical test wo
Slide 18: A Significant Investment Opportunity
A Significant Investment Opportunity Well funded Highly leveraged Fraser Range and and supported junior to discovery success Norseman projects exploration company with campaign drilling Active explorer Focused on discovery with experienced nickel, cobalt, copper & management and team palladium
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/
Slide 20: 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 Appendix – http://www.galileomining.com.au/investors/asx-announcements/). Galileo confirms that all materi