Galileo Mining Ltd. · ASX:GAL
Galileo Mining — 121 Conference (May 2024)
20 slides from Galileo Mining's conference presentation, May 14, 2024
Slide 1: Exploration to Discovery: Palladium & Nickel in Western Australia
For personal use only INVESTOR PRESENTATION MAY 2024 Exploration to Discovery: Palladium & Nickel in Western Australia ASX: GAL
Slide 2: Catalysts for growth
Catalysts for growth Specialist exploration company creating For personal use only value through discovery of new mineral resources Drilling programs underway targeting 20km strike around the Callisto palladium-nickel deposit Early discovery market valuation with exceptional growth potential Well fu
Slide 3: For personal use only
For personal use only
Slide 4: Norseman Project - Premier location
Norseman Project - Premier location For personal use only Significant 17.5Mt Maiden JORC Resource* 255km2 tenure 10 km from mining town of Norseman 3km from sealed highway Established mining region Access to gas, water, road, and rail 180km from Port of Esperance World class 255 square k
Slide 5: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery * Discovery of nickel-palladium sulphide mineralisation For personal use only • Discovery drillhole in May 2022 Callisto geological interpretation (NRC266) returned significant section 6,448,000mN with discovery drill hole NRC266. 3E = palladium-platinum- gold-c
Slide 6: Norseman Project – Active Exploration
Norseman Project – Active Exploration May to July 2024 – drilling programs underway For personal use only 3,000m RC drill First assay results Follow up drilling program commenced from North Callisto scheduled for July in April to test strong drill program 2024 and with new geophysical anomalies expe
Slide 7: Callisto Discovery - Resource Modelling
Callisto Discovery - Resource Modelling* • Indicated and Inferred Mineral Resource of 17.5 Mt @ 1.04g/t 4E1, 0.20% Ni, 0.16% Cu (2.3g/t For personal use only PdEq2 or 0.52% NiEq3) • Contained metal of 585,000oz 4E, 35kt Ni and 28kt Cu (~1.27Moz PdEq or ~91,000t NiEq) • ~8Mt (46%) of the resource is
Slide 8: Callisto Discovery - Geology Modelling
Callisto Discovery - Geology Modelling • Consistent and continuously mineralised sill starting at 75 metres below surface For personal use only • Strike length of approximately 300 metres, down dip extent of 800 metres, average true thickness approximately 40 metres • Geology and resource modelling
Slide 9: Exploration Targeting
Exploration Targeting Multiple drill and exploration programs in the works • Callisto deposit is analogous in mineralisation style to the For personal use only Platreef PGE deposits in South Africa • Thick blanket of disseminated sulphides within ultramafic sill towards base of much larger mafic-ult
Slide 10: Geophysical IP surveying Figure - North Callisto
Geophysical IP surveying Figure 1 - North Callisto Chargeability model of IP survey line 6,452,000N showing the location of the sulphide target zone • Modelling of high-powered Induced Polarisation (IP) surveys at North Callisto For personal use only confirmed strong chargeable anomalies along strik
Slide 11: Metallurgical test work
Metallurgical test work Excellent initial metallurgy results from Callisto For personal use only • Sulphide flotation at an industry standard 75µm grind size achieves excellent results with 94% copper recovery, 82% palladium recovery, 77% nickel recovery, 79% gold recovery, 78% platinum recovery, an
Slide 12: For personal use only
For personal use only
Slide 13: Fraser Range Nickel Province
Fraser Range Nickel Province Over 600 km2 of highly prospective ground For personal use only • Tenements between 30 and 90km from IGO’s operating high grade Nova nickel mine • Regional electromagnetic (EM) surveying used to define target positions beneath cover rock • Intrusions with anomalous sulph
Slide 14: Strategic Fraser Range tenement portfolio
Strategic Fraser Range tenement portfolio • Greenfield tenements with no previous For personal use only nickel exploration gives Galileo a unique first mover advantage • EM surveying completed along strike from E28/2797 the Lantern South Prospect where previous drilling intersected nickel-copper sul
Slide 15: Corporate Snapshot
Corporate Snapshot Share Price (six months) Key metrics For personal use only 0.35 1.4 Tickers ASX: GAL Volume (million) 0.3 1.2 Shares on Issue 197.4m 0.25 1 Share price (at 13th May 24) $0.26 0.2 0.8 0.15 0.6 Market Cap ~ $51.3m 0.1 0.4 Cash (at 31st Mar 24) ~$10m 0.05 0.2 0 0 Enterprise Value ~$4
Slide 16: Board & Management
Board & Management Over 20 years in exploration, prospecting, and mining. Brad Underwood 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 the discovery and develo
Slide 17: Key Messages
Key Messages Well funded and supported junior For personal use only exploration company Early discovery valuation with ongoing drill programs Highly prospective Norseman & Fraser Range projects Active explorer with highly experienced management and team Focused on high demand metals – nickel, pallad
Slide 18: Disclaimer & Statements
Disclaimer & Statements of the recipient of this Document and the Company will not be responsible for any loss incurred by the Recipient This Presentation (“Presentation” or the “Document”) has been prepared by Galileo Mining Ltd (ACN 104 114 as a result of any actions taken by them. The Company rep
Slide 19: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: galileomining.com.au
Slide 20: Callisto Mineral Resource Estimate
Callisto Mineral Resource Estimate* Grades Metal accumulations Reporting Mass JORC Pd Pt Au Rh Ni PdEq NiEq 4E Pd Au Rh Ni PdEq NiEq 4E Criteria (Mt) Cu (%) Pt (Koz) Cu (Kt) (ppm) (ppm) (ppm) (ppm) (%) (ppm) (%) (ppm) (Koz) (Koz) (Koz) (Kt) (Koz) (Kt) (Koz) For personal use only Indicated 7.96 0.92