Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Resources Investor Roadshow – Sydney & Melbourne, September 2019
19 slides from Galileo Mining's conference presentation, Sep 18, 2019
Slide 1: Resources Investor Roadshow – Sydney & Melbourne
For personal use only RESOURCES INVESTOR ROADSHOW – SYDNEY & MELBOURNE SEPTEMBER 2019 (ASX:GAL)
Slide 2: Disclaimer
DISCLAIMER For personal use only 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 D
Slide 3: Investment Opportunity
INVESTMENT OPPORTUNITY For personal use only $7.1 million in cash1 - fully funded for the next two years Nickel, copper and cobalt assets in Tier-1 mining jurisdiction Strategic focus on drilling programs to create value through discovery Fraser Range nickel drilling to kick off in September
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Key Metrics Share Price (six months) ASX Code GAL Shares on Issue 120.4m Share price (as at 17th Sept 2019) 12.5c Market Cap (undiluted) $15.1m Cash (30/06/19) $7.1m Enterprise Value $8.0m Options on Issue 15m @ $0.20 (vesting condition: 60 day VWAP > $0.60)
Slide 5: Growth Through Discovery
GROWTH THROUGH DISCOVERY For personal use only 5
Slide 6: Project Portfolio
PROJECT PORTFOLIO For personal use only Western Australia focus Stable jurisdiction Numerous operating mines in the district with access to world-class infrastructure (road, rail, Port of Esperance) Norseman Project Subzero Copper/Zinc Prospect with encouraging first results 25Mt JORC re
Slide 7: Norseman Project - Subzero
NORSEMAN PROJECT - SUBZERO For personal use only Historic workings from 1950s Copper outcrop around historic prospecting shaft Prospective rock unit can be traced for over two kilometres EM survey suggests potential for large scale copper system No modern exploration First drilling program
Slide 8: Norseman Project - Subzero
NORSEMAN PROJECT - SUBZERO For personal use only First ever drilling program at the prospect Six shallow drill holes completed Thick zones of zinc and copper mineralisation (1); • 29m @ 0.49% zinc from 119m (NRC243) including • 10m @ 0.14% copper, 0.37% zinc & 1.9 g/t silver from 137m • 16m @ 0.
Slide 9: Norseman Project - Subzero: Open Along Strike
NORSEMAN PROJECT - SUBZERO For personal use only Open Along Strike Extensive conductors over 2.1km strike length (1) Good relationship between geophysical modelled conductors and sulphides in first drill holes (2) Modelled conductors start from 80 metres below surface and continue to greater t
Slide 10: Norseman Project - Cobalt
NORSEMAN PROJECT - COBALT For personal use only Substantial cobalt-nickel resource 25.1Mt @ 0.11% cobalt and 0.49% nickel (1) 26,600 tonnes of contained cobalt and 122,500 tonnes of contained nickel Shallow and flat lying resource close to established infrastructure Higher cobalt grade than
Slide 11: Norseman Project - Cobalt: Battery Demand Growth
NORSEMAN PROJECT - COBALT For personal use only Increasing cobalt use linked to lithium-ion battery demand growth Fastest growing segment of cobalt demand is from battery producers “Growth trajectory for lithium ion battery raw material demand is unprecedented” 1 Projected increase in lithium io
Slide 12: Fraser Range Project
FRASER RANGE PROJECT For personal use only Fraser Range: Fast developing mineral province Two significant nickel-copper-cobalt discoveries in past seven years (Nova & Silver Knight) IGO: Nova nickel-copper-cobalt mine 14.4 Mt @ 2.3% Nickel, 0.9% Copper and 0.08 % Cobalt (1) Plus gold and base
Slide 13: Lantern Prospect
LANTERN PROSPECT For personal use only Intrusions with similar host rocks to Nova and Silver Knight Aircore drilling shows gabbro, gabbro-norite and peridotite rocks with potential to host nickel- copper Best aircore results so far 27m @ 0.18% Ni and 0.17% Copper from 47m (LAAC041) (1) Detaile
Slide 14: Lantern Prospect
LANTERN PROSPECT For personal use only Conductive response defines large scale target Electro Magnetic survey demonstrates conductive zone within intrusion (late time EM image to right) (1) Conductor may be related to economic sulphide mineralisation Priority areas for upcoming drilling are ab
Slide 15: Empire Rose Prospect
EMPIRE ROSE PROSPECT For personal use only Best intercept from maiden drilling completed in October 2018 was 36m @ 0.2% Nickel from 18m (drill hole ERAC015) (1) Electro-magnetic (EM) survey delineated a strongly conductive target 250 metres below surface (1) Diamond drilling showed anomalous g
Slide 16: A Significant Investment Opportunity
A SIGNIFICANT INVESTMENT OPPORTUNITY For personal use only $7.1 million in cash - fully funded exploration programs for the next two years Active explorer focussed on target generation and drill testing Highly leveraged to nickel, copper and cobalt in a period of increasing demand Fraser Ran
Slide 17: Appendix - Galileo Board
APPENDIX - GALILEO BOARD For personal use only 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. C
Slide 18: Appendix – JORC Resources
APPENDIX – JORC RESOURCES For personal use only 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 8,20
Slide 19: Thank You
For personal use only THANK YOU P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/ 19
Galileo Mining — Resources Investor Roadshow – Sydney & Melbourne, September 2019 on 6ix