Galileo Mining Ltd. · ASX:GAL
Galileo Mining — RIU Explorers Conference 2023
22 slides from Galileo Mining's conference presentation, Feb 14, 2023
Slide 1: RIU Explorers Conference Presentation
For personal use only RIU EXPLORERS CONFERENCE PRESENTATION FEBRUARY 2023 ASX: GAL 1
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 For personal use only background information about the Company and its
Slide 3: Key Messages
Key Messages Well supported with largest shareholders being successful For personal use only mining investor Mark Creasy and major mining company IGO High value palladium targets, nickel targets and an existing cobalt/nickel resource Tier-1 mining jurisdiction with Fraser Range and Norseman projects
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Share Price (twelve months) Key metrics 2 70 ASX Code GAL Volume (million) 1.8 60 1.6 Shares on Issue 197.6m 1.4 50 1.2 Share price (at 10th Feb. 23) $0.825 40 1 0.8 30 Market Cap ~ $163m 0.6 20 Cash (at 31st Dec. 22) $20.2m 0.4 10 0.2 Enterprise Value ~$142.
Slide 5: Board & Management
Board & Management Over 20 years in exploration, prospecting, and mining. Brad Underwood For personal use only Widely experienced in the strategic growth and commercialisation of mineral assets at different stages of development and over multiple Chairman & MD commodity classes. Involved in th
Slide 6: Project Portfolio
Project Portfolio Strategic • Numerous operating mines in the district For personal use only Commodity & • Access to world-class infrastructure (road, rail, airport, City of Kalgoorlie, Port District Focus of Esperance) • May 2022 discovery of significant palladium-platinum-copper-nickel-sulphide fr
Slide 7: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo) 7
Slide 8: Highly prospective ground next to Town of Norseman
Norseman Project Highly prospective ground next to Town of Norseman For personal use only • 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
Slide 9: Callisto Discovery
Norseman Project – Callisto Discovery * Discovery of significant palladium-platinum-copper-nickel & rhodium For personal use only • Discovery drillhole made in May 2022 (NRC266) returned significant palladium-platinum-gold-copper- nickel-rhodium mineralisation: • 33m @ 2.05 g/t 4E (1.64 g/t Pd, 0.28
Slide 10: Callisto Discovery: Significant activity to expand a new palladium-platinum-rhodium province
Norseman Project – Callisto Discovery* Significant activity to expand a new palladium-platinum-rhodium province For personal use only • Further drilling continues to expand the footprint of the discovery with mineralisation open to the southeast and along strike • Over 20,000m of RC drilling and 5,0
Slide 11: Callisto Discovery: Emerging area continues to yield new discoveries
Norseman Project – Callisto Discovery Emerging area continues to yield new discoveries For personal use only • Prospectivity rises with new types of mineralisation encountered in this underexplored region • Diamond drilling intersects 2.2m zone of massive and semi- massive sulphide (NRCD293) • Assay
Slide 12: Callisto Discovery: Emerging area continues to yield new discoveries
Norseman Project – Callisto Discovery * Emerging area continues to yield new discoveries For personal use only • Target generation shows a 5km area to the north of Callisto as highly prospective for new discoveries • Prospectivity model supported with new zone of disseminated nickel sulphide encount
Slide 13: Geological similarities to South Africa's Platreef deposits
Norseman Project – Callisto Discovery Geological similarities to South Africa’s extensive Platreef palladium-platinum-gold-rhodium-copper-nickel deposits For personal use only • Callisto shows similarities in mineralisation style to the Platreef deposits on the northern limb of the Bushveld Complex,
Slide 14: Additional Prospects
Norseman Project – Additional Prospects* Jimberlana Prospect For personal use only • Multiple EM conductors and anomalous aircore results that require follow up RC and diamond drill testing • Sulphide intercept from 60m at JD1 target adjacent to EM conductor • 1m @ 0.24% nickel, 0.35% copper, 0.04%
Slide 15: Next Steps
Norseman Project – Next Steps For personal use only Q1 CY23 Continued diamond Infill drilling of Early-stage core drilling at existing discovery metallurgical Drill planning Callisto targeting the testing of and permitting and drill out of eastern mineralized diamond drill for Jimberlana possible ne
Slide 16: Fraser Range JV Project (67% Galileo / 33% Creasy Group)
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 17: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) For personal use only 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 combined resources of VS resources of 18Mt 146Mt at N
Slide 18: Exploration in the Fraser Range
Exploration in the Fraser Range For personal use only Geophysics – the key to undercover discoveries • Magnetic and gravity interpretation as a guide to the location of prospective intrusions • Regional EM surveying to define target positions beneath cover rock • Two intrusions with sulphides identi
Slide 19: Strategic new Fraser Range tenement
Strategic new Fraser Range tenement • Highly prospective greenfield tenement acquired along For personal use only strike from Galileo’s existing Fraser Range targets • No previous exploration provides Galileo with a first mover advantage • Tenement E28/2797 is six kilometres along strike from the La
Slide 20: A Significant Investment Opportunity
A Significant Investment Opportunity For personal use only Well funded and supported junior exploration company Early discovery valuation with ongoing RC and diamond drill programs Highly prospective Norseman & Fraser Range projects Active explorer with highly experienced management and team Focused
Slide 21: Contact
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: galileomining.com.au 21 21
Slide 22: Appendix – JORC Mineral Resource Estimates for the Norseman Cobalt Project
Appendix – JORC 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 m