Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Australian Nickel Conference 2022
22 slides from Galileo Mining's conference presentation, Oct 5, 2022
Slide 1: Australian Nickel Conference – Investor Presentation
For personal use only AUSTRALIAN NICKEL CONFERENCE – INVESTOR PRESENTATION OCTOBER 2022 ASX: GAL 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 For personal use only background information about the Company and its
Slide 3: Key Messages
Key Messages Well supported with largest shareholders being successful For personal use only mining investor Mark Creasy and major mining company IGO High value palladium targets, nickel targets and an existing cobalt/nickel resource Tier-1 mining jurisdiction with Norseman and Fraser Range projects
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Share Price (twelve months) Key metrics 2 70 ASX Code GAL Millions 1.8 60 1.6 Shares on Issue 197.4m 1.4 50 1.2 Share price (at 3rd Oct. 22) $1.41 40 1 0.8 30 Market Cap ~ $278m 0.6 20 0.4 Cash (at 30th June 22) $7.0 m 0.2 10 *with further $20.4m raised in Ju
Slide 5: Highly Experienced Board
Highly Experienced Board Over 20 years in exploration, prospecting, and mining. For personal use only Widely experienced in the strategic growth and commercialisation of mineral assets at different stages Brad Underwood of development and over multiple commodity classes. Involved in the discov
Slide 6: Project Portfolio
Project Portfolio Strategic • Numerous operating mines in the district For personal use only Commodity & • Access to world-class infrastructure (road, rail, airport, City of Kalgoorlie, Port District Focus of Esperance) • Recent discovery of significant palladium-platinum-copper-nickel-sulphide from
Slide 7: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo) 7
Slide 8: Norseman Project
Norseman Project Highly prospective ground next to Town of Norseman For personal use only • 278km2 of prospective ground at the southern end of the prolific Norseman- Wiluna greenstone belt • Premier project location: 10km from Norseman and the historic 5Moz Norseman gold mine Adjacent to sealed
Slide 9: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery Discovery of significant palladium-platinum-copper-nickel & rhodium For personal use only • An initial 6 RC holes (1,142m) were drilled at the Callisto Discovery. • Discovery drillhole in May (NRC266) returned significant palladium-platinum-gold-copper-nickel-rh
Slide 10: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery A new palladium-platinum province in which Galileo controls all of the most prospective ground • Second round of RC drilling at Callisto completed in July - 3,939m drilled over 16 drill holes and three pre-collars For personal use only • All 16 holes returned pa
Slide 11: Callisto Discovery – Massive sulphides discovered
Norseman Project – Callisto Discovery Massive sulphides discovered* For personal use only • Diamond drilling intersects massive sulphide mineralisation – significant potential for high- grade zones at shallow depths within the mineralised system NRCD293 core tray - Massive sulphide • 1.25m of massiv
Slide 12: Geological similarities to South Africa's Platreef deposits
Norseman Project – Callisto Discovery Geological similarities to South Africa’s extensive Platreef palladium-platinum-gold-rhodium-copper-nickel deposits For personal use only • Callisto shows similarities in mineralisation style to Platreef deposits on the northern limb of the Bushveld Complex, Sou
Slide 13: Norseman Project – Additional Prospects
Norseman Project – Additional Prospects* For personal use only Jimberlana Prospect • Multiple EM conductors and anomalous aircore results that require follow up RC and diamond drill testing • Significant drill result up dip from Jimberlana EM conductor at JD2 location provides strong support for new
Slide 14: Norseman Project – Next Steps
Norseman Project – Next Steps For personal use only Q3 CY22 Q4 CY22 RC drill holes planned between High grade First assays 300m and 1,000m from diamond Early-stage palladium results north of current metallurgical Third round of RC from ongoing core drilling at drilling with testing of drilling at Ca
Slide 15: Fraser Range JV Project (67% Galileo / 33% Creasy Group)
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 16: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) For personal use only Thomson Fraser Range Nickel Belt Nickel Belt More than 10 Two deposits with deposits over over 150km of 100km of prospective strike strike length length Total known Total combined resources of VS resources of 18Mt 146Mt at N
Slide 17: Exploration in the Fraser Range
Exploration in the Fraser Range For personal use only Geophysics – the key to undercover discoveries • Magnetic and gravity interpretation as a guide to the location of prospective intrusions • Regional EM surveying to define target positions beneath cover rock • Two intrusions with sulphides identi
Slide 18: Strategic new Fraser Range tenement
Strategic new Fraser Range tenement • Highly prospective greenfield tenement acquired along For personal use only strike from Galileo’s existing Fraser Range targets • No previous exploration provides Galileo with a first mover advantage • Tenement E28/2797 is six kilometres along strike from the La
Slide 19: A Significant Investment Opportunity
A Significant Investment Opportunity For personal use only Well funded and supported junior exploration company Early discovery valuation with ongoing RC and diamond drill programs Highly prospective Norseman & Fraser Range projects Active explorer with experienced management and team Focused on hig
Slide 20: Contact details
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: galileomining.com.au 20 20
Slide 21: Appendix 1 – JORC Resources
Mineral Resource Estimates for the Norseman Cobalt Project (“Estimates”) (refer to ASX “Prospectus” announcement dated For personal use only May 25th 2018 and ASX announcement dated 11th December 2018, accessible at http://www.galileomining.com.au/investors/asx-announcements/). Appendix 1 – Galileo
Slide 22: Appendix – Visual Results Slide
Appendix 2 – Visual Results Slide 11 (see GAL ASX announcement dated 29/08/22) For personal use only Callisto Drill Hole Sulphide Mineralisation – Summary Log Cautionary Statement: Sulphide estimates are completed by visual observation with analytical laboratory results pending. Sulphide mineralisat