Galileo Mining Ltd. · ASX:GAL
Galileo Mining — 121 Conference November 2020
19 slides from Galileo Mining's conference presentation, Nov 19, 2020
Slide 1: Western Australia Nickel Explorer
For personal use only WESTERN AUSTRALIA NICKEL EXPLORER 121 Conference Presentation I November 2020 I ASX:GAL
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 Opportunity
Investment Opportunity For personal use only Strong cash position with ~$7.7M1 High value nickel targets in the Fraser Range nickel belt Active nickel and gold exploration at Norseman with an existing nickel-cobalt resource base All assets are in the well-established mining jurisdiction of W
Slide 4: Corporate Snapshot
Corporate Snapshot Key Metrics For personal use only ASX Code GAL Shares on Issue 143.1m Share price (at 18 November 2020) 21.5c Share Price (six months) Market Cap (undiluted) $30.8m Cash (at 30 September 2020) $7.7m Enterprise Value $23.1m Options on Issue 15m @ $0.20 (vesting condition: 60 day VW
Slide 5: Project Portfolio
For personal use only 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 sign
Slide 6: Fraser Range Nickel Belt
For personal use only 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 Kni
Slide 7: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) For personal use only 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 18
Slide 8: Active Exploration Zone
For personal use only 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 f
Slide 9: Recent Drilling Activity
Recent Drilling Activity For personal use only 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
Slide 10: Lantern South Prospect
For personal use only 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 • First appearance of high tenor massive
Slide 11: Lantern East Prospect
For personal use only 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 sulphides in LARC007 and LARC008D has yet to be identified sugge
Slide 12: Nickel Deposits in the Fraser Range
Nickel Deposits in the For personal use only 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
Slide 13: EM Surveys Underway
For personal use only 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 • Large conductive target revealed at the Green Moon prospect, 6km from known sulphide mineralisation at Lanter
Slide 14: Delta Blues Prospect
For personal use only 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 surv
Slide 15: Norseman Project
For personal use only 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, gold, copper and nickel-cobalt laterite mineralisation • Current JORC compliant 2
Slide 16: A Significant Investment Opportunity
A Significant Investment For personal use only Opportunity • $7.7 million in cash = well funded junior exploration company • Highly leveraged to discovery success with current market cap around $31 million • Fraser Range exploration with strong potential for high value nickel deposits • Active explo
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 For personal use only been involved in nickel, gold, copper and cobalt discoveries and the development of numerous prospects Chairman & Managing over a
Slide 18: Appendix – Mineral Resource Estimates, Norseman Cobalt Project
Mineral Resource Estimates for the Norseman Cobalt Project (“Estimates”) (refer to ASX “Prospectus” announcement dated For personal use only May 25th 2018 and ASX announcement dated 11th December 2018, accessible at http://www.galileomining.com.au/investors/asx- announcements/). Galileo confirms tha
Slide 19: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/ 19