Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Investor Presentation (February 2019)
20 slides from Galileo Mining's investor presentation, Feb 6, 2019
Slide 1: Fraser Range Investor Presentation - February 2019
FRASER RANGE INVESTOR PRESENTATION - FEBRUARY 2019 (ASX:GAL)
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: A Significant Investment Opportunity
A SIGNIFICANT INVESTMENT OPPORTUNITY Well funded and active explorer with $9.1 million in the bank @ 31 Dec 2018 Successful mining entrepreneur Mark Creasy is the founder and major shareholder Nickel and cobalt assets in Tier-1 mining jurisdiction Fraser Range exploration with Nova and Silve
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Key Metrics Share Price ASX Code GAL Shares on Issue 120.37m Share price (as at 5 Feb 2019) 16.5c Market Cap (undiluted) $19.9m Cash (31/12/19) $9.1m Enterprise Value $10.8m Options on Issue 15m @ $0.20 (vesting condition: 60 day VWAP > $0.60) Debt No debt Shareholder Composition
Slide 5: Highly Experienced Board
HIGHLY EXPERIENCED BOARD 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 exten
Slide 6: Project Portfolio
PROJECT PORTFOLIO Western Australia focus Stable jurisdiction Battery metal mines hub Fraser Range JV Project * Developing nickel province with two significant deposits so far Management with proven track record of discovery in the Fraser Range Outstanding targets at the Empire Rose, N
Slide 7: Fraser Range Project
FRASER RANGE PROJECT Fast developing nickel and copper province Fraser Range is a developing mineralised province with exceptional potential for new discoveries Galileo management with a track record of discovery in the Fraser Range Two significant nickel discoveries in past six years (Nova an
Slide 8: Exploration Value Creation
EXPLORATION VALUE CREATION Sirius Resources* Exceptional value creation over short period of time Six cent share price to $2.00 over three months Further discovery of the Bollinger deposit pushed the Sirius share price higher High value, company making targets in the Fraser Range with no pre
Slide 9: Empire Rose Prospect
EMPIRE ROSE PROSPECT Prospect identified by magnetic signature Best intercept from maiden drilling completed in October 2018 was 36m @ 0.2% Nickel from 18m (drill hole EARC015) (1) Electro-magnetic (EM) survey delineated a strongly conductive target with a modelled depth of 250 metres below su
Slide 10: Empire Rose Drill Target
EMPIRE ROSE DRILL TARGET Drill Target Section Drilling program has been planned at Empire Rose with drill holes designed to intersect the conductive and chargeable target 250m below surface Geophysical signature consistent with that expected from sulphide source Possibly related to magmatic or
Slide 11: Lantern Prospect
LANTERN PROSPECT Interpreted intrusion with similar size to Nova host rock Magnetic signature indicates layered intrusion with potential for mineralisation Excellent structural location for the intrusion of prospective rocks Maiden drilling program of 3,000 to 4,000 aircore metres scheduled to
Slide 12: Lantern Drill Target
LANTERN DRILL TARGET Lantern Target Section Estimated 40 to 60 metres of sediment cover rock Drilling is targeting anomalous nickel and copper in weathered bedrock Maiden drilling program at Lantern of 3,000 to 4,000 aircore metres scheduled to begin this month First nickel drilling in the t
Slide 13: Nightmarch Prospect
NIGHTMARCH PROSPECT NIGHTMARCH NIGHTMARCH Prospect identified by magnetic signature MAGNETIC GRAVITY Gravity surveying highlighted significant targets at IMAGE IMAGE Nightmarch (1) Coincident magnetic and gravity anomalies suggests intrusive rocks prospective for magmatic nickel- copper-cobalt
Slide 14: Nightmarch Drill Target
NIGHTMARCH DRILL TARGET Nightmarch Target Section Estimated 30 to 40 metres of sediment cover rock Drilling is targeting anomalous nickel and copper in weathered bedrock 100 metre spaced drilling focused on overlapping magnetic and gravity targets Maiden drilling program at Nightmarch of 2,0
Slide 15: Exploration Under Cover
EXPLORATION UNDER COVER Next Generation Deposits Limited or no surface expression Fraser Range search space now targeting shallow deposits with no surface expression Five to ten metres of sediment cover rock is enough to mask surface expression of basement rocks in the Fraser Range Aircore d
Slide 16: Magmatic Sulphide Deposits
MAGMATIC SULPHIDE DEPOSITS High value deposit style Nickel occurs together with copper and cobalt in sulphide form Irregular intrusions called “chonoliths” and regular layered sills are emplaced below the surface by magma pulses West Australian examples include; Nova Mine with a pre-mining r
Slide 17: Volcanic Massive Sulphide Deposits
VOLCANIC MASSIVE SULPHIDE DEPOSITS High value deposit style Copper occurs together with gold, zinc, lead and silver Volcanic eruptions at surface are accompanied by sulphide mineralisation emplaced at shallow depths West Australian examples include; Degrussa Mine with a pre-mining resource o
Slide 18: A Significant Investment Opportunity
A SIGNIFICANT INVESTMENT OPPORTNUITY Well funded and active explorer with $9.1 million in the bank Nickel and cobalt assets in Tier-1 mining jurisdiction Fraser Range exploration with Nova and Silver Knight style nickel targets Galileo management with a track record of discovery in the Frase
Slide 19: A Significant Investment Opportunity
A SIGNIFICANT INVESTMENT OPPORTNUITY 19
Slide 20: Appendix – JORC Resources
APPENDIX – JORC RESOURCES JORC 2012 RESOURCES Cut-off Class Tonnes Mt Co Ni Cobalt % % Tonnes % Tonnes MT THIRSTY SILL 0.06 % Indicated 10.5 0.12 12,100 0.58 60,800 Inferred 2.0 0.11 2,200 0.51 10,200 Total 12.5 0.11 14,300 0.57 71,100 MISSION SILL 0.06 % Inferred 7.7 0.11 8,200 0.45 35,000 GOBLIN 0
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