Galileo Mining Ltd. · ASX:GAL
Galileo Mining — RIU Explorers Conference 2022
21 slides from Galileo Mining's conference presentation, Feb 15, 2022
Slide 1: Electric Future: Nickel, Copper, Cobalt & Palladium in Western Australia
ELECTRIC FUTURE: NICKEL, COPPER, COBALT & PALLADIUM IN WESTERN AUSTRALIA RIU EXPLORERS CONFERENCE 2022 15 February 2022 ASX:GAL
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 background information about the Company and its wholly owned subsidia
Slide 3: Key Messages
Key Messages Strong cash position with High value nickel targets, Track record of drilling ~$9M 1 - Recently raised $6.5M palladium targets and an multiple drill campaigns from institutional and existing cobalt/nickel throughout the year sophisticated investors resource Fraser Range and Norseman Pre
Slide 4: Corporate Snapshot
Corporate Snapshot Share Price (twelve months) Key metrics ASX Code GAL 0.4 12 0.35 Shares on Issue 168.4m 10 0.3 Share price (@ 14th Feb 2022) 19.5 c 8 0.25 0.2 6 Market Cap $32.8 m 0.15 Cash (at 31st Dec 2021) $9.0 m 4 0.1 Enterprise Value $23.8 m 2 0.05 Options on Issue 12.5m @ $0.20 (exp 01/23);
Slide 5: Highly Experienced Board
Highly Experienced Board Over 20 years in exploration, prospecting, and mining. Brad Underwood Widely experienced in the strategic growth and commercialisation of mineral assets at different stages of development and over multiple commodity classes. Chairman & MD Involved in the discovery and
Slide 6: Project Portfolio
Project Portfolio Strategic • Numerous operating mines in the district Commodity & • Access to world-class infrastructure (road, rail, Kalgoorlie, Port of District Focus Esperance) • Developing mineral province with two significant deposits so far at Nova and Silver Knight Fraser Range JV • Manageme
Slide 7: Fraser Range Project
Fraser Range Project © GALILEO
Slide 8: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) 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 Nova and Silver Knight
Slide 9: Exploration in the Fraser Range
Exploration in the Fraser Range 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 identified to date at separa
Slide 10: Delta Blues (DB2) Drilling
DBDD001 Delta Blues (DB2) Drilling Copper and gold assays from RC drilling confirm Cross Section of Drill Holes DBRC001 & DBDD001 with EM Target at the Delta Blues DB2 mineralised sulphides Prospect • Copper-gold assay results from RC drilling : • 4m @ 0.29 g/t gold and 0.29% copper from 188m (DBRC0
Slide 11: DB2 Target – Diamond Drilling
DB2 Target – Diamond Drilling • Two deep diamond drill holes (DBDD001 & DBDD002) completed with matrix, stringer, and disseminated sulphides intercepted • Drill holes tested for mineralisation beneath initial prospective RC drill intercepts • Sulphides occur in association with tonalite intrusion (d
Slide 12: Strategic new Fraser Range tenement
Strategic new Fraser Range tenement • Highly prospective greenfield tenement acquired along 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 Lantern South Prospect w
Slide 13: Norseman Project
t iec Oj Norseman Pr GALILEO Mining
Slide 14: Norseman Project
Norseman Project Highly prospective ground 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 Coolgardie-Esperance Highway
Slide 15: Norseman Project: Palladium & Nickel Sulphide Targets
Norseman Project Palladium & Nickel Sulphide Targets • High palladium & platinum results identified beneath & adjacent to existing cobalt resources • 35 RC holes - anomalous palladium >0.4 g/t in regolith, 16 RC holes - anomalous palladium >0.2 g/t in fresh rock • Best palladium results from weather
Slide 16: Norseman Project Aircore Drilling
Norseman Project Aircore Drilling testing Priority Nickel-Palladium Targets successfully intercepts magmatic sulphide mineralisation • Soil sampling over Jimberlana Dyke (large scale ultramafic/mafic intrusion) shows maximum palladium values of 0.81g/t and maximum nickel of 0.2% MASSIVE SULPHIDE • H
Slide 17: Norseman Project: EM surveying over sulphide intercept
Norseman Project EM surveying over sulphide intercept defines priority targets • Strong conductors delineated beneath massive sulphide in aircore drilling • Sulphides occur above the convergence of two modelled conductors which start at ~70 metres below surface (aircore intercept @ 60m downhole, ~52
Slide 18: Norseman Project: Nickel and Cobalt Laterite Deposit
Norseman Project Nickel and Cobalt Laterite Deposit • 25.1Mt @ 0.11% cobalt and 0.49% nickel 1 • 26,600 tonnes of contained cobalt and 122,500 tonnes of contained nickel • Cobalt is contained within manganese minerals which are amenable to atmospheric leach extraction • Shallow, flat lying deposit,
Slide 19: A Significant Investment Opportunity
A Significant Investment Opportunity Highly leveraged Well funded Highly prospective to success with and supported junior Fraser Range and campaign drill programs exploration company Norseman projects Active explorer Focused on high with highly experienced demand metals – nickel, management and team
Slide 20: Contact details
P: +61 8 9463 0063 E: info@galileomining.com.au W:http://www.galileomining.com.au/
Slide 21: Appendix – JORC Resources
Mineral Resource Estimates for the Norseman Cobalt Project (“Estimates”) (refer to ASX “Prospectus” announcement dated May 25th 2018 and ASX announcement dated 11th December 2018, accessible at http://www.galileomining.com.au/investors/asx-announcements/). Galileo confirms that all material assumpti