Galileo Mining Ltd. · ASX:GAL
Galileo Mining — 121 Mining Investment Online May 2021
18 slides from Galileo Mining's conference presentation, May 26, 2021
Slide 1: Sustainable Metals: Nickel, Copper, Cobalt & Palladium in Western Australia
For personal use only SUSTAINABLE METALS: NICKEL, COPPER, COBALT, & PALLADIUM IN WESTERN AUSTRALIA 121 Mining Investment Online May 2021 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~$6.1M 1 High value nickel targets, palladium targets and an existing For personal use only cobalt/nickel resource Investment Focussed on “green” sustainable metals with future demand growth Opportunity All assets are in the Tier-1 mining jurisdiction of Western Australia Pr
Slide 4: Sustainable Technology Metals
• Increasing demand for clean energy metals Sustainable • 12-month price increase in nickel, copper, cobalt & palladium Technology For personal use only Metals • Forecast step change in demand for EV battery technology • Limited new mine development for key commodities • Exploration required now for
Slide 5: 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 (@ 24th May 2021) 30.5c Market Cap $43.6m Cash (at 31st March 2021) $6.1m Enterprise Value $37.5m Options on Issue 12.5m @ $0.20; 2.3m @ $0.44 Debt No debt JOR
Slide 6: Experienced Team
Experienced Team For personal use only Over 18 years’ experience in exploration, prospecting and mining. 2010 – 2018 worked for Mark Creasy as General Manager of several private companies. Brad Underwood Played a key role in discovery of Silver Knight nickel-copper-cobalt deposit in the Fraser
Slide 7: Project Portfolio
Project Portfolio Strategic Commodity & District Focus For personal use only • Numerous operating mines in the district with access to world-class infrastructure (road, rail, gas , water, Kalgoorlie, Port of Esperance) Fraser Range JV Project * • Developing nickel province with two significant depos
Slide 8: Fraser Range Project
For personal use only Project Fraser Range
Slide 9: 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 10: 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 11: Delta Blues Prospect
Delta Blues Prospect For personal use only Multiple EM targets within zone of prospective intrusions • Two highly significant EM conductors • Shallow aircore drilling showed nickel prospective intrusive rock units 1 • Weathered sulphides (0.5 – 1%) observed in petrographic samples of cumulate intrus
Slide 12: Delta Blues Prospect: Proposed Diamond Drilling
Delta Blues Prospect For personal use only Initial Proposed Diamond DB1 & DB2 drilling to determine economic value Drill Hole at the Delta Blues DB1 Prospect • Initial 1,000m diamond drilling program to test highly conductive targets at DB1 and DB2 DB1 Initial drill hole to determine cause of the co
Slide 13: Norseman Project
For personal use only Norseman Project
Slide 14: Norseman Project
Norseman Project For personal use only 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 Coolgard
Slide 15: Norseman Project: Palladium Targets Identified
Norseman Project Palladium Targets Identified For personal use only Drill Section with Palladium Mineralisation • High palladium & rhodium assay results identified from historical analysis beneath & and Target Zone at the Mt Thirsty Prospect adjacent to existing cobalt resources1 • 35 RC holes - ano
Slide 16: Norseman Project: Nickel and Cobalt Deposit
Norseman Project For personal use only Nickel and Cobalt Deposit • 25.1Mt @ 0.11% cobalt and 0.49% nickel 1 • 26,600 tonnes of contained cobalt and 122,500 tonnes of contained nickel • Shallow, flat lying deposit, 20 -30 metres deep • Potential for additional cobalt mineralisation to supplement the
Slide 17: 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 strong potential Investment for new resource discoveries Opportunity Active explorer with experienced management and team Focused on
Slide 18: 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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