Galileo Resources Plc · LSE:GLR
Galileo Resources — Investor Presentation (May 2020)
30 slides from Galileo Resources's investor presentation, May 2020
Slide 1: Star Zinc drilling, Zambia
Star Zinc drilling, Zambia
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT (“DOCUMENT”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THE DISTRIBUTION OF THIS DOCUMENT MAY BE RESTRICTED BY LAW. ACCORDINGLY, THIS DOCUMENT MAY NOT BE DISTRIBUTED IN ANY JURISDICTION EXCEPT IN ACCORDANCE WITH THE LEGAL REQUIREMENTS
Slide 3: Directors and Key Officers
Directors and Key Officers Strong resource management team Colin Bird Chief Executive Officer & Chairman Colin is a Chartered Engineer and has a Diploma in Mining Engineering, is a Fellow of the Institute of Materials, Minerals and Mining and is a certified mine manager both in the UK and in South A
Slide 4: Portfolio
Portfolio Commodity & Country Zinc Star Zinc Project Zambia Kashitu Prospect Zambia Phosphate Glenover Project South Africa (rare earths credit ) Copper/Gold Ferber Prospect USA 4
Slide 5: Our Mission
Our Mission Near Term Star Zinc • Mineral Resource Estimate to JORC 2012 • Secure Mining Licence (Small Scale) • Feasibility Study • Negotiate Off-take Agreement • Production Target Q4 Kashitu • Commence Exploration • Delineate Resource Glenover • Maximise Return Ferber • Secure funding 5
Slide 6: Star Zinc & Kashitu
Star Zinc & Kashitu Location Zambia DRC Kashitu MOZAMBIQUE ZAMBIA ZIMBABWE 6
Slide 7: Zinc Fundamentals
Zinc Fundamentals Zinc future strong 5-Year LME Zinc Warehouse Stocks Level 7
Slide 8: Zinc Supply Still Insufficient
Zinc Supply Still Insufficient 16,000,000 “Total Mine Production -O Demand 15,500,000 15,000,000 14,500,000 14,000,000 13,500,000 13,000,000 12,500,000 12,000,000 2018 2019 2020 2021
Slide 9: Star Zinc Summary
Star Zinc Summary • 80.75 % Galileo with exclusive option to further 14.25% - Zambian Govt holds 5% • 900,000 t exploration target defined grading 10-12% Zn * equivalent 88,000 t Zn metal - 3x historic tonnage 275,000t; 2x previous phase 1 drilling 475 000t • Silver and germanium credits confirmed -
Slide 10: Star Zinc Results of exploration
Star Zinc Results of exploration • 2,220 metres (m) drilling (56 holes) completed – depths down to 60m • Hole SZDD 002 average 15.8% Zn - 46 m downhole from surface including 38.86% Zn over 16m • Hole SZDD012 average 23.54% Zn - over 33m form 23 ot 45m downhole • SZDD014 average 21.73% Zn over 25m w
Slide 11: Star Zinc Phase Drilling - Completed DDHs
Star Zinc Phase 2 Drilling - Completed 26 DDHs SZ_2017_018 SZ_2017_001 SZ_2017_010 SZ_2017_011 SZ_2017_015 SZ_2017_017 SZ_2017_016 SZ_2017_021 SZ_2017_025 SZ_2017_007 SZ_2017_004 SZ_2017_002 SZ_2017_003 SZ_2017_012 SZ_2017_023 SZ_2017_020 SZ_2017_009 SZ_2017_026 SZ_2017_005 SZ_2017_014 SZ_2017_006 S
Slide 12: Mineralisation - Wire Frame Model
Star Zinc Mineralisation - Wire Frame Model Plan View of Wireframe Model with Drill Holes Section view of Wireframe looking North Mineralisation: • encountered at surface and extends to approximately 60m depth • tested across 350 m strike length • orientation zone approximately east-west, averaging
Slide 13: Drilling Results
Star Zinc Drilling Results Phase 1 metres (m) down hole Hole Hole Hole _ID _ID _ID From SZD From Width SZDD From (m) To (m) Width (m) Zn_% SZDD (m) To (m) Width (m) Zn_% D (m) To (m) (m) Zn_% 20 31 55 24 6.21 2 0 46 46 15.8 12 11 14 3 2.74 23 45 22 23.54 32 40 8 14.3 20 36 16 38.86 27 43 16 30.85 38
Slide 14: Drilling Results
Star Zinc Drilling Results Phase 2 metres (m) down hole Hole_ID SZDD From (m) To (m) Width (m) Zn_% Hole_ID SZDD From (m) To (m) Width (m) Zn_% 30 0 10 10 4.27 0 7 7 1.56 14 37 23 15.47 42 23 32 9 12.04 21 33 12 26.21 23.93 31 7.07 14.74 31 5 30 25 2.98 43 15 34 19 11.48 18 19 1 10.78 17.33 24 6.67
Slide 15: Drill Core Example
Star Zinc Drill Core Example 3.8 m section of 16 m core length - core assay 31.51 % Zn * SZDD048 assayed 23.05% Zn* over 22m total core * portable x-ray fluorescence determination 15
Slide 16: Summary of In-House Conceptual Grade Tonnage Estimates
Star Zinc Summary of (AMS) In- House Conceptual Grade Tonnage Estimates Cut off Grade VOLUME TONNES DENSITY Zn% Zn metal (COG) (T) (@COG) (T) Zn% 30 4,000 13,000 3.63 33 4,000 20 25,000 90,000 3.63 26 24,000 15 45,000 160,000 3.25 23 35,000 12 65,000 220,000 3.25 20 44,000 10 85,000 290,000 3.25 18
Slide 17: Conceptual Grade Tonnage Estimates Comparisons
Star Zinc Conceptual Grade Tonnage Estimates Comparisons Summary of Different Conceptual Grade Tonnage Estimates and Exploration Targets. (Current and Historical) None of the Mineral Resources below are reported in accordance with the JORC 2012 Code. Scenario * Volume Tonnes Zn 3 SG Tonnes Zn % (m )
Slide 18: Kashitu Zinc Prospect
Kashitu Zinc Prospect Location Residual Rights in Relation to Kabwe Project Tailings Kabwe Tailings ~ 5 km Project Licence 7081-HQ-SML 6990-HQ-LML white outline Kashitu Prospect 18
Slide 19: Kashitu Zinc Prospect Historical Exploration
Kashitu Zinc Prospect Historical Exploration orange dots BHP RAB drilling green dots BHP RC drilling orange triangles diamond drilling red outline Zn-in-Soil anomalism > 15,000 ppm Zn, old workings – black outline. 19
Slide 20: Kashitu Highlights
Kashitu Highlights • Historic soil Zn values > 15000 ppm (1.5% Zn) over a 1.2 km by 0.3 km area • Billiton Zambia Ltd reported willemite resource: approximately 25 Mt at 2 to 3% Zn+Pb • High-grade willemite mined historically nearby: fed to old Kabwe Zn-Pb mine • Re-interpretation historic drilling:
Slide 21: Kashitu Zinc Potential & Update Kabwe Refinery
Kashitu Zinc Potential & Update Kabwe Refinery • Jubilee Metals Group plc acquires Sable zinc refinery for recovery of Zn Pb V (vanadium) • Kashitu mineralisation (willemite) potential for zinc extraction at Sable refinery • Kashitu 6 km from the refinery • Explored area open ended to south - highly
Slide 22: Kashitu Zinc Prospect Exploration
Kashitu Zinc Prospect Exploration future explor’n Kashitu, with RAB holes in yellow, RC in red and diamond in green 22
Slide 23: Glenover Phosphate/REE Project
Glenover Phosphate/REE Project Established site Phosphate open pit Open pit stockpiles 23
Slide 24: Glenover Phosphate/REE Summary
Glenover Phosphate/REE Summary • 3 million tonnes of stockpile available for processing • 7 million tonnes of easily mineable open pit phosphate • 15 year off take agreement for phosphate to be signed after conditions precedent (CP) met by both parties • Any joint venture pursued would ensure rare e
Slide 25: Ferber Project in Nevada, USA
Ferber Project in Nevada, USA Gold skarn and Carlin-type gold Jerritt Canyon District Long Canyon Ferber Kinsley Mountain Galileo Resources PLC Ferber District Bald Mountain 25 km Elko County, Nevada UTM Grid North Northeastern Nevada Productive/Significant Gold Deposit 25
Slide 26: Ferber Summary
Ferber Summary Copper/Gold project in Nevada • Large concession close to Pilot Gold (10km) • On predicted next Carlin Trend (Long Canyon/Kinsley Mountain) • Historical copper and gold drilling results • Preference add value before joint venture • Low holding costs • Market and trade interest in Proj
Slide 27: Ferber Property
Ferber Property Exploration Summary • 343 unpatented and 19 patented claims covering 7,100 acres • 20 km from recent major gold discovery in Kinsley District • Historic drilling 10.7 m of 0.59 g/t Au 4.6 m of 2.37 g/t Au 4.6 m of 0.72 % Cu 25.9 m of 0.41 % Cu 12.2. m of 0.83 % Cu • Ferber gold syste
Slide 28: Compelling Investment Case
Compelling Investment Case • 2 advanced projects • Zinc projects with immense potential • Glenover long life predictable earnings • Nevada copper/gold project highly prospective • Experienced management team • Low market capitalisation relative to assets 28
Slide 29: Corporate Information
Corporate Information Number of ordinary shares in issue: 578,480,000 AIM code: GLR Market Cap: GBP 5.32 million Galileo Resources Plc 7/8 Kendricks Mews, London, United Kingdom, SW7 3HG 7 Einstein Street, Highveld Techno Park, Centurion 0157 , South Africa Tel: + 44 (0) 207 581 4477 | Fax: + 44 (0)
Slide 30: Thank you
Thank you galileo s