Slide 1: Investor Presentation August 2023
For personal use only INVESTOR PRESENTATION AUGUST 2023 ASX: GAL OTCQX: GALMF 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 background information about the Company and its wholly owned subsidia
Slide 3: Growth through discovery
Growth through discovery Nickel & palladium discovery in an For personal use only established mining region of Western Australia Specialist exploration company creating value by targeting new mineral resources Campaign drilling at the Callisto discovery and new targets in underexplored province Earl
Slide 4: Corporate Snapshot
Corporate Snapshot Share Price (twelve months) Key metrics For personal use only 1.6 12 Tickers ASX: GAL / OTCQX: GALMF* Volume (million) 1.4 10 1.2 Shares on Issue 197.4m 8 1 Share price (at 15th Aug 23) $0.425 0.8 6 0.6 Market Cap ~ $84m 4 0.4 0.2 2 Cash (at 30th June 23) ~$14.5m 0 0 Enterprise Va
Slide 5: 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 6: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo)
Slide 7: Premier project location
Premier project location NORSEMAN PROJECT For personal use only Granted 10km from mining town of Norseman mining lease 3km from sealed highway Access to gas, water, road, and rail Established mining region 180km from Port of Esperance 255 square kilometre project area World class infrastru
Slide 8: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery * Discovery of nickel-palladium sulphide mineralisation For personal use only • Discovery drillhole 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 g/t Pt, 0.09 g/t A
Slide 9: Geological & Resource Modelling
Geological & Resource Modelling • Geological modelling of mineralisation being used to support resource modelling For personal use only • Resource modelling to investigate potential of economic extraction for this style of mineralisation and will provide parameters for additional exploration targeti
Slide 10: Norseman Project – Callisto Discovery: drill campaigns continuing
Norseman Project – Callisto Discovery * Drill campaigns continuing at Callisto and other prospects • Highest palladium grades to date of 8.42 g/t and platinum grades For personal use only up to 2.74 g/t over one metre interval in NRCD317* • Drill assays show disseminated sulphide mineralisation cont
Slide 11: Mineralisation continuing to the north and east
Norseman Project – Callisto Discovery * Mineralisation continuing to the north and east For personal use only • Magnetic map shows prospective host rock extends for five kilometres to the north • Callisto has similarities in style to the Platreef deposits on the northern limb of the Bushveld Complex
Slide 12: 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 13: Jimberlana & Mission Sill Prospects
Jimberlana & Mission Sill Prospects* Initial 4,000m RC drill campaign completed Jimberlana Prospect For personal use only • Assay results show elevated metals in new sulphide zone at Jimberlana North • 11m @ 0.21 g/t 3E1, 0.18% Cu, 0.13% Ni and 0.03% Co from 61m downhole (NRC432) including • 1m @ 0.
Slide 14: Jimberlana South – Nickel Sulphides discovered
Jimberlana South – Nickel Sulphides discovered* • First pass RC drilling at Jimberlana South intersects nickel and copper sulphides For personal use only • Shallow sulphide lenses starting at approximately Disseminated and matrix sulphides in RC Drill chips 59m below surface with best result of; (53
Slide 15: Norseman Project Next Steps
Norseman Project Next Steps August to December 2023 – three drill campaigns planned For personal use only First systematic RC drilling in five- Third RC drill Follow-up RC kilometre target campaign at Callisto drilling at Jimberlana and high value zone to the north of North & South Norseman prospect
Slide 16: Fraser Range JV Project
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 17: 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 to define target positions beneath cover rock • Intrusions with anomalous sulphides
Slide 18: 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 19: 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 20: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: galileomining.com.au
Slide 21: 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