Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Investor Presentation (July 2018)
18 slides from Galileo Mining's investor presentation, Jul 31, 2018
Slide 1: Galileo Mining Ltd Investor Presentation
GALILEO MINING LTD INVESTOR PRESENTATION Brad Underwood | Managing Director | August 2018 ASX : GAL © Galileo Mining Ltd 2018
Slide 2: Disclaimer
Disclaimer 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 Document is prepared fo
Slide 3: Investment Opportunity
Investment Opportunity • Experienced board and management backed by Mark Creasy • West Australian assets with a focus on technology metals • JORC resources with potential for more discoveries • Significant landholding in the underexplored Fraser Range • Well funded with $11.3 million in the bank and
Slide 4: Corporate Snapshot
Corporate Snapshot Key Metrics Share Price and Volume ASX Code GAL Shares on issue 120.37m 0.36 Share price (as at 27 July 2018) 0.325 Market capitalisation (undiluted) $39.1 million 0.34 Cash (30/06/18) $11.6 million 0.32 Enterprise Valuation $27.5 million Options on issue 15m @ $0.20 (vesting cond
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. Chairman He has extensive
Slide 6: Cobalt Market
Cobalt Market 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 6
Slide 7: Project Locations
Project Locations Western Australia • Stable jurisdiction • Known development pathways • Battery mineral mines Norseman Cobalt Project • 20Mt JORC resource (Details on slide 8) • 22,500t Co & 106,000t Ni • World class infrastructure • Exploration upside Fraser Range Project • Strategic tenements in
Slide 8: Norseman Cobalt Project
Norseman Cobalt Project JORC 2012 Resource Estimates 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 1,000 Indicated 5.2 0.1
Slide 9: Deposit Geology
Deposit Geology Plan and section • Shallow flat lying ore-body, 20-30m deep • 0.7 strip ratio (ore > waste) • Contiguous high grade • Cobalt rich manganese minerals • Soft, free digging ore 9
Slide 10: Metallurgical Drilling
Metallurgical Drilling Diamond drilling • Up to two tonnes of core to be collected • Drill locations from within known resource boundaries • Coverage of resource for variability and characterisation test work • Drilling to provide all samples necessary for the completion of scoping study • Drilling
Slide 11: Metallurgical Development
Metallurgical Development Phase 1: Ore characterisation (July to September) • Diamond drilling to obtain core for variability testing • Detailed mineralogy, beneficiation test work ongoing Phase 2: Lab and pilot scale tests (September to October) • Identification of best pathway for Cobalt & Nickel
Slide 12: Exploration Drilling
Exploration Drilling Exploration Target* • 10-20 Mt @ 0.1 to 0.12% cobalt exploration target • Dominant land holding • Resource extensions & new prospects • Initial 7,500m RC drill campaign • Results from late August • Second drill campaign at the Mission Sill • Results from late September * The pot
Slide 13: Fraser Range Project
Fraser Range Project JV with Creasy Group • Two prospect areas • Yardilla area, 35km from Nova mine site, 50km from new Creasy Mine Lease Application • Kitchener Area, 80km from Nova mine site, 50km from new Creasy Mine Lease application • Both areas are prospective for Nova style nickel-copper-coba
Slide 14: Fraser Range Prospects
Fraser Range Prospects New Prospects • Empire Rose, Lantern, Nightmarch • Magnetic signatures indicative of intrusions with potential for mineralisation • Target geology is high grade magmatic nickel-copper-cobalt sulphides • Target examples are Nova in the Fraser Range, Voisey’s Bay and the Thompso
Slide 15: Value Drivers & News Flow
Value Drivers & News Flow • August to September: initial drill results from metallurgical and exploration drill programs; initial met test work; initial Fraser Range field program results • September to October: results of detailed met work; second round of exploration drilling; first pass drilling
Slide 16: Peer Comparisons
Peer Comparisons ASX Code Project Cut-off Class Tonnes (Mt) Cobalt % Nickel % Cobalt Nickel Deposit Current Share Market Cash in EV EV/ Co(kt) (ppm (Kt) (Kt) Type Price (27/7/18) Cap ($m) bank ($m) ($m) ($m) Co) (27/07/18) ASX. GAL Noseman Cobalt 600 Indicated 10.5 0.12% 0.58% Project Infered 9.7 0.
Slide 17: Galileo Summary
Galileo Summary Highlights • Experienced board and management backed by Mark Creasy • West Australian assets with a focus on technology metals • JORC resources with potential for more discoveries • Significant landholding in the underexplored Fraser Range • Well funded with $11.3 million in the bank
Slide 18: www.galileomining.com.au
©) GALILEO Mining www.galileomining.com.au