Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Mines & Money Conference (March 2021)
20 slides from Galileo Mining's conference presentation, Mar 25, 2021
Slide 1: Strategic Focus on Nickel, Copper & Cobalt in Western Australia
For personal use only STRATEGIC FOCUS ON NICKEL, COPPER & COBALT IN WESTERN AUSTRALIA Mines & Money Conference Investor Presentation March 2021 I ASX:GAL
Slide 2: Disclaimer
Disclaimer This Presentation (“ or the “ has been prepared by Galileo Mining Ltd (ACN 104 114 132 ))(“ not purport to contain all of the information that would be contained in a prospectus or that For personal use only and is general background information about the Company and its wholly owned reci
Slide 3: Investment Opportunity
Strong cash position with~$6.9M 1 High value nickel targets with an existing cobalt/nickel resource For personal use only Investment Campaign drilling programs throughout the year Opportunity All assets are in the Tier-1 mining jurisdiction of Western Australia Pre-discovery market valuation and hig
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Share Price (twelve months) Key metrics Key Metrics ASX Code GAL Shares on Issue 143.1m Share price (@ 23rd March 2021) 23.0c Market Cap $32.9m Cash (at 31st December 2020) $6.9m Enterprise Value $26.0m Options on Issue 12.5m @ $0.20; 2.3m @ $0.44 per share D
Slide 5: Highly Experienced Board
Highly Experienced Board A geologist with over 18 years’ experience in exploration, prospecting and mining. He has been involved For personal use only in nickel, gold, copper and cobalt discoveries and the development of numerous prospects over a variety of commodities. Brad Underwood 2010 – 201
Slide 6: Project Portfolio
Project Portfolio Strategic Commodity & District Focus For personal use only • Nickel and cobalt • Numerous operating mines in the district with access to world-class infrastructure (road, rail, Kalgoorlie, Port of Esperance) Fraser Range JV Project * • Developing nickel province with two significan
Slide 7: Project Fraser Range
For personal use only Project Fraser Range
Slide 8: Fraser Range Nickel Belt
Fraser Range Nickel Belt For personal use only Fraser Range: A New Mineral Province • Two nickel-copper-cobalt resources discovered since 2012 (Nova mine & Silver Knight deposit) • IGO: Nova nickel-copper-cobalt mine 14.4 Mt @ 2.3% Nickel, 0.9% Copper and 0.08 % Cobalt (1) • Silver Knight deposit, i
Slide 9: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) For personal use only Thomson Fraser Nickel Range Belt Nickel Belt More than Two deposits 10 deposits with over over 100km 150km of of strike prospective length strike length VS Total known Total known resources resources of of 146Mt 18Mt with le
Slide 10: Active Exploration Zone
Active Exploration Zone For personal use only Galileo Mining, Legend Mining, Creasy, IGO • Lantern and Delta Blues - two key prospect areas in the northern Fraser Range • Lantern Prospect is 50km along strike from Legend Mining’s Mawson Prospect • Delta Blues Prospect is along strike from Legend Min
Slide 11: Exploration in the Fraser Range
Exploration in the Fraser Range For personal use only Prospective Proterozoic beneath Eocene sediments • Mafic-ultramafic magmatic intrusions • High-grade granulite facies metamorphism • Interpretation of intrusions mostly from detailed aeromagnetic data • Aircore drilling used as a first pass test
Slide 12: Drilling Activity
Drilling Activity For personal use only RC and diamond drilling campaigns • First RC and diamond drilling programs intersect sulphides • 23m @ 0.19% Ni & 0.14% Cu from 133m in disseminated nickel-copper sulphides from ultramafic host rock at Lantern South (LARC013D) 1 • 41m @ 0.19% Ni & 0.14% Cu fro
Slide 13: Lantern South Prospect
• Ultramafic intrusion with nickel-copper sulphides Lantern South For personal use only • Limited drilling with potential for additional mineralisation Prospect • First appearance of high tenor primary massive sulphide over small intersection • Recent diamond drilling showed further disseminated min
Slide 14: Lantern East Prospect
Lantern East Prospect For personal use only EM target on margin of major intrusion • 1.6km along strike from Lantern South • Magnetic interpretation indicated large gabbronorite intrusion; confirmed by aircore drilling • 108m of disseminated pyrrhotite sulphide in first diamond drill hole (LARC008D)
Slide 15: Delta Blues Prospect
Delta Blues Prospect For personal use only Multiple EM targets within zone of prospective intrusions • Two strong EM conductors (modelled from 3,300 to 11,000 Siemens)1 • Shallow aircore drilling showed nickel prospective intrusive rock units 1 • Weathered sulphides (0.5 – 1%) observed in petrograph
Slide 16: Norseman Project
For personal use only Norseman Project
Slide 17: Norseman Project
Norseman Project For personal use only Nickel, Cobalt, and Gold next to Norseman • 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 Coolgardi
Slide 18: Norseman Project: Target Generation for Planned Drill Programs
Norseman Project For personal use only Target Generation for Planned Drill Programs • Recent soil sampling programs currently being integrated with existing data to develop focus areas • Maximum 0.39% nickel in soil assays from the Woodcutters Komatiite Nickel Prospect 1 • Maximum 0.17 g/t Platinum,
Slide 19: Well funded and supported junior exploration company
Well funded and supported junior exploration company For personal use only Highly leveraged to discovery success A Significant Fraser Range and Norseman projects with potential for high Investment value resource discoveries Opportunity Active explorer with experienced management and team Multiple dr
Slide 20: Appendix – Mineral Resource Estimates for the Norseman Cobalt Project
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/). Galileo confirms tha
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