Galileo Mining Ltd. · ASX:GAL
Galileo Mining — AMEC Investor Briefing (August 2018)
18 slides from Galileo Mining's conference presentation, Aug 27, 2018
Slide 1: Galileo Mining AMEC Investor Briefing
For personal use only GALILEO MINING LTD AMEC INVESTOR BRIEFING Brad Underwood | Managing Director | August 2018 ASX : GAL © Galileo Mining Ltd 2018
Slide 2: Disclaimer
Disclaimer For personal use only 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 D
Slide 3: Investment Highlights
Investment Highlights For personal use only • Well funded and active explorer with $11.3 million in the bank • Strong share register with Mark Creasy + IGO + Chris Ellison > 40% • West Australian cobalt and nickel assets • Norseman Cobalt Project scoping study underway with recent high grade drill r
Slide 4: Corporate Snapshot
Corporate Snapshot Key Metrics Share Price and Volume For personal use only ASX Code GAL Shares on issue 120.37m 0.35 Share price (as at 23 August 2018) 0.245 0.325 Market capitalisation (undiluted) $29.5 million 0.30 Cash (30/06/18) $11.3 million 0.275 Enterprise Valuation $18.2 million 0.25 Option
Slide 5: Board and Management
Board and Management 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. For personal use only Chair
Slide 6: Project Locations
Project Locations For personal use only Western Australia • Stable jurisdiction • Battery metal mines Norseman Cobalt Project • 20Mt JORC resource (Details on slide 17) • 22,500t Co & 106,000t Ni • World class infrastructure • Scoping study underway Fraser Range JV Project • Two exceptional targets
Slide 7: Cobalt Market
Cobalt Market For personal use only World Mine Production of Cobalt, by Consumption of Cobalt by end use region, 2017 2010 - 2017 (cobalt tonnes) From: Cobalt: Global Industry, Markets and Outlook, 2018 From: Cobalt: Global Industry, Markets and Outlook, 2018 Source: Roskill Source: Roskill 7
Slide 8: Metallurgical Drilling
Metallurgical Drilling For personal use only High grade drill results • 7m @ 0.42% Co & 1.08% Ni from 13m (GDH002)* • 11m @ 0.2% Co & 0.98% Ni from 31m (GDH003)* • 29m @ 0.2% Co & 0.76% Ni from 22m (GDH008)* • Two tonnes of core available for metallurgical and mining test work • Focus on beneficiati
Slide 9: Beneficiation Testwork
Beneficiation Testwork For personal use only Competitive Advantages of Beneficiation • Three times cobalt upgrade from 0.1% to 0.28%* • Very positive early results from Norseman cobalt ore • 73% of material rejected as low grade 0.04% waste • First step in the extraction of metals • Increased ore gr
Slide 10: Deposit Geology
Deposit Geology For personal use only Mineralisation under shallow cover • Ferricrete/laterite on surface • Flat lying shallow ore-body, 20 to 30m deep • 0.7 strip ratio (ore > waste) • Contiguous high grade cobalt • Cobalt rich manganese minerals • Free digging ore 10
Slide 11: Exploration Drilling
Exploration Drilling For personal use only Exploration Update • 7,300m of RC drilling completed at the Mt Thirsty, Goblin, Hobgoblin, Imp and Woodcutters prospects • Results expected in late August • Resource extensions & new prospects • Dominant land holding • 5,000m RC drilling scheduled in Septem
Slide 12: Fraser Range Project
Fraser Range Project JV with Creasy Group For personal use only • Three prospects in two areas • Nightmarch and Lantern prospects 60km from the Silver Knight deposit • Empire Rose prospect 40km from the Nova mine site • Fraser Range is a developing mineralised province with great potential for more
Slide 13: Nightmarch Prospect
Nightmarch Prospect For personal use only Shallow targets under cover • Shallow cover restricts traditional prospecting and exploration techniques • Magnetic and gravity targets consistent with magmatic intrusions (Nova style target rocks) • Depth to top of source modelled at 36 and 83 metres below
Slide 14: Empire Rose & Lantern Prospects
Empire Rose & Lantern Prospects For personal use only New Prospects • Magnetic signatures indicative of intrusions with potential for mineralisation • Empire Rose is 30km along strike from Newmont’s Gnama South prospect drilled in 1968 • Gnama South results included 6.1m @ 0.44% Ni & 0.12% Cu*, same
Slide 15: Value Drivers & News Flow
Value Drivers & News Flow For personal use only • August-September: first round of Norseman exploration drill results • September-October: second round of Norseman exploration drill results • October: metallurgical test work updates • October: Empire Rose first pass drilling and EM surveying results
Slide 16: Galileo Summary
Galileo Summary For personal use only • Well funded and active explorer with $11.3 million in the bank • Strong share register with Mark Creasy + IGO + Chris Ellison > 40% • West Australian cobalt and nickel assets • Norseman Cobalt Project scoping study underway with recent high grade drill results
Slide 17: Appendix – JORC Resources
Appendix – JORC Resources JORC 2012 Resource Estimates For personal use only Cut-off grade (ppm cobalt) Class Tonnes (Mt) Cobalt (%) Cobalt (Kt) Nickel (%) Nickel (Kt) 600 Indicated 10.5 0.12 12.1 0.58 60.8 600 Inferred 9.7 0.11 10.4 0.47 45.2 Total Resources (600 ppm cutoff) 20.2 0.11 22.5 0.52 106
Slide 18: For personal use only
For personal use only www.galileomining.com.au
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