Galileo Resources Plc · LSE:GLR
Galileo Resources — Investor Presentation (October 2012)
36 slides from Galileo Resources's investor presentation, October 2012
Slide 1: Glenover Rare Earths
GLENOVER RARE EARTHS ALEX ANDERSSON - MD - GLENOVER
Slide 2: Agenda
Glenover Rare Earth Project Agenda INTRODUCTION & PROJECT BACKGROUND GLENOVER PROJECT INFRASTRUCTURE METALLURGY DEVELOPMENT VALUE DERIVED SUMMARY GLENOVER RARE EARTHS
Slide 3: Glenover Project Background
GLENOVER PROJECT BACKGROUND
Slide 4: Location
Glenover Rare Earth Project Location Glenover GLENOVER RARE EARTHS
Slide 5: Location
Glenover Rare Earth Project LOCATION
Slide 6: Original Broad Geological Model
Glenover Rare Earth Project ORIGINAL BROAD GEOLOGICAL MODEL GEOLOGY Breccia Body “hill” Pyroxenite Late Stage Carbonatite Source: Dr. W J Verwoerd
Slide 7: Rock Types
Glenover Rare Earth Project ROCK TYPES Pyroxenite/Glimmerite Pyroxenite cross cut by Carbonatite Veins Coarse Grained Dolomitic Carbonatite Apatite Martite Breccia
Slide 8: Geophysics – Aeromagnetic Signature
Glenover Rare Earth Project GEOPHYSICS – AEROMAGNETIC SIGNATURE
Slide 9: Geophysics – Radiometric Signature
Glenover Rare Earth Project GEOPHYSICS – RADIOMETRIC SIGNATURE
Slide 10: History – Goldfields Operation 1958-1982
Glenover Rare Earth Project HISTORY – GOLDFIELDS OPERATION 1958 - 1982
Slide 11: History – Ferminore Operation 1999-2011
Glenover Rare Earth Project HISTORY – FERMINORE OPERATION 1999 - 2011
Slide 12: Glenover Project Infrastructure
GLENOVER PROJECT INFRASTRUCTURE
Slide 13: Project Infrastructure
Glenover Rare Earth Project PROJECT INFRASTRUCTURE TAR ROAD TO SITE RAIL SERVICES WITHIN 20KM 2 REGIONAL POWER STATIONS
Slide 14: Booming Local Mining Industry
Glenover Rare Earth Project BOOMING LOCAL MINING INDUSTRY
Slide 15: Project Infrastructure On Site
Glenover Rare Earth Project PROJECT INFRASTRUCTURE ON SITE BOREHOLE WATER ELECTRICAL SUPPLY WORKSHOPS/OFFICE ABLUTION FACILITIES
Slide 16: Infrastructure
Glenover Rare Earth Project INFRASTRUCTURE 3.5MT of fines and ROM stockpiles ready for processing
Slide 17: Glenover Getting to Metallurgy
GLENOVER GETTING TO METALLURGY
Slide 18: Geochemistry – 3000m Drill Programme
Glenover Rare Earth Project GEOCHEMISTRY – 3000M DRILL PROGRAMME
Slide 19: Geochemistry – 3000m Drill Programme
Glenover Rare Earth Project GEOCHEMISTRY – 3000M DRILL PROGRAMME
Slide 20: Geochemistry
Glenover Rare Earth Project GEOCHEMISTRY
Slide 21: Resource
Glenover Rare Earth Project RESOURCE
Slide 22: Resource
Glenover Rare Earth Project RESOURCE
Slide 23: Resource Statement – Apatite Breccia Only
Glenover Rare Earth Project RESOURCE STATEMENT – APATITE BRECCIA ONLY Cut-off Tonnes Average Grade Contained Grade TREO % TREO Mt % TREO kt Indicated 1 7.4 2.2 163 Resource In Situ Inferred Resource 1 3.1 1.9 59 (Stockpiles) TOTAL 10.5 222
Slide 24: Apatite Breccia Mineralogy Highlights
Glenover Rare Earth Project APATITE BRECCIA MINERALOGY HIGHLIGHTS Potential Co-products Grade Summary: TREO HREO HREO/ Nb2O5 Sc2O3 ThO2 P2O5 Fe2O3 TREO % % % % ppm ppm % % Apatite 2.22 0.14 6.31 0.81 143 540 18.21 23.67 Breccia Main REE Bearing Minerals: Apatite (Primary + Secondary); Monazite; Sync
Slide 25: Apatite Breccia Mineralogy Highlights – Grain Size Distribution
Glenover Rare Earth Project APATITE BRECCIA MINERALOGY HIGHLIGHTS Grain Size Distribution LG Apatite Breccia 100 90 Cu mulative mass % mineral passing size 80 70 60 REE Phosphates 50 REE Carbonates 40 Zr Oxides and Silicates REE Nb-rich 30 Apatite 20 Fe Oxide Fe Oxide with Goethite 10 0 10 100 1000
Slide 26: Flow Sheet
Glenover Rare Earth Project Flow Sheet
Slide 27: Proposed Plant Expansion and Pit Enlargement
PROPOSED PLANT EXPANSION AND PIT Glenover Rare Earth Project ENLARGEMENT
Slide 28: Glenover Development Value Derived
GLENOVER DEVELOPMENT VALUE DERIVED
Slide 29: Development Summary – Geology
Glenover Rare Earth Project DEVELOPMENT SUMMARY - GEOLOGY • June 2011: Mineralogy study on Apatite Breccia completed by SGS • Jan 2012: Initial 3000m Drill Programme completed • March 2012: 6-hole Step Out Drill Programme completed • June 2012: Updated SAMREC Resource published • To Aug 2012: Stockp
Slide 30: Development Summary – Metallurgy
Glenover Rare Earth Project DEVELOPMENT SUMMARY – METALLURGY • June 2010: Fer-Min-Ore magnetic separation testwork • April 2012: Completion of Maelgwyn apatite flotation testwork • August 2012: PEA scope awarded to process consultant GBM, UK • September 2012: PFS metallurgy contract awarded to lab,
Slide 31: Benchmarking – Nd Rich REE Package
Glenover Rare Earth Project BENCHMARKING – Nd RICH REE PACKAGE Galileo Frontier Montero GWMG Arafura Lynas Rare Element Quest RE Oxide Glenover Zandkopsdrift Wigu Hill Steenkampskraal Nolans Bore Mt Weld Bear Lodge Strange Lake PEER RATING OF CREO DISTRIBUTION Lanthanum 16.71% 25.37% 37.07% 21.05% 1
Slide 32: Benchmarking
Glenover Rare Earth Project BENCHMARKING
Slide 33: Project Development Plans – Synchysite Target – Value Potential
Glenover Rare Earth Project PROJECT DEVELOPMENT PLANS – SYNCHYSITE TARGET – VALUE POTENTIAL
Slide 34: Project Development Plans – 2012/2013
Glenover Rare Earth Project PROJECT DEVELOPMENT PLANS – 2012/2013 • Metallurgy – Complete Open and Closed Circuit PFS Met by Q4 2012 • Feasibility Studies - Complete PEA Q1 2013 and PFS Q4 2013 • Exploration Drilling – Investigate Synchysite Target
Slide 35: Glenover - Summary
GLENOVER - SUMMARY • Low Cost Project that Competes with World Class Peers • Potentially Low Cost Producer with Zero Mining Costs for 1st 3 Years • Potential Co-Product Credits • Significant Available Infrastructure • Excellent Further Target Potential in 7km Diameter Intrusive
Slide 36: Questions & Answers
QUESTIONS & ANSWERS i)
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