Galileo Mining Ltd. · ASX:GAL

Galileo Mining — Investor Presentation (February 2020)

20 slides from Galileo Mining's investor presentation, Feb 10, 2020

  1. Slide 1: Strategic Focus on Nickel, Copper & Cobalt in Tier-1 Mining Jurisdiction

    STRATEGIC FOCUS ON NICKEL, COPPER & COBALT IN TIER-1 MINING JURISDICTION INVESTOR PRESENTATION – FEBRUARY 2020 (ASX:GAL)

  2. Slide 2: Disclaimer

    Disclaimer 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 Document is prepared fo

  3. Slide 3: Investment Opportunity

    Investment Opportunity  Strong cash position - $5.4 million in cash1  Nova-style high value targets in the Fraser Range nickel belt  Nickel, copper and cobalt assets in Tier-1 mining jurisdiction  Strategic focus on drilling programs to create value through discovery  Active nickel/copper/cobal

  4. Slide 4: Corporate Snapshot

    Corporate Snapshot Key Metrics Share Price (twelve months) ASX Code GAL Shares on Issue 120.4m Share price (as at 7 Feb 2020) 15.0c Market Cap (undiluted) $18.1m Cash (31/12/19) $5.4m Enterprise Value $12.7m Options on Issue 15m @ $0.20 (vesting condition: 60 day VWAP > $0.60) Debt No debt Sharehold

  5. Slide 5: Project Portfolio

    Project Portfolio  Strategic Commodity & District Focus  Nickel and cobalt  Numerous operating mines in the district with access to world- class infrastructure (road, rail, Port of Esperance)  Fraser Range JV Project *  Developing nickel province with two significant deposits so far  Managemen

  6. Slide 6: Commodity Overview

    Commodity Overview LME Nickel Cash Price and LME/SHFE Stocks Strategic Focus on Nickel and Cobalt  Nickel market in surplus up to 2016 when prices averaged US$9,605/t  Nickel market in deficit since 2016 price lows  LME and SHFE stocks have been dropping  Stainless steel accounts for around 70%

  7. Slide 7: Fraser Range Nickel Belt

    Fraser Range Nickel Belt Fraser Range: Fast developing mineral province  Two significant nickel-copper-cobalt discoveries in past eight years (Nova & Silver Knight)  IGO: Nova nickel-copper-cobalt mine 14.4 Mt @ 2.3% Nickel, 0.9% Copper and 0.08 % Cobalt (1)  Silver Knight deposit, initial public

  8. Slide 8: Similar to Canadian Nickel Belts

    Similar to Canadian Nickel Belts Canadian Nickel Belts analogous to the Fraser Range Belt  Three world class nickel mining centres  Each Canadian nickel hub is on the margin of the Archean aged Superior Province  The Fraser Range is on the margin of the Archean aged Yilgarn Province in a similar

  9. Slide 9: Thompson vs Fraser Range

    Thompson vs Fraser Range Thomson Fraser Range Nickel Belt Nickel Belt  More than 10  Two deposits with deposits over over 150km of 100km of strike prospective strike length length  Total known vs  Total known resources of resources of 18Mt 146Mt with less than  Over 50 years of eight years of m

  10. Slide 10: Active Exploration Zone

    Active Exploration Zone Galileo, Creasy, IGO and Legend Mining  Lantern Prospect is 50km along strike from Legend Mining’s Mawson (Area D) Prospect  IGO aggressively exploring in the Fraser Range with a $24 million regional exploration budget and a $26 million Nova near-mine exploration budget (1)

  11. Slide 11: Lantern Prospect

    Lantern Prospect Intrusions with the same host rocks as the Nova and Silver Knight deposits  Multiple highly prospective drill targets  Best aircore results so far 27m @ 0.18% Ni and 0.17% Copper from 47m (LAAC041) (1)  Aircore drilling shows gabbro, gabbro-norite and peridotite rocks with potent

  12. Slide 12: Lantern Drill Targets

    Lantern Drill Targets RC drilling above EM conductor  Aircore drill holes to a maximum 102m depth designed to penetrate sedimentary cover rock (1)  Prospective gabbronorite intrusion identified above EM response  February RC drilling planned to provide Down Hole EM platform  Diamond drilling to

  13. Slide 13: Growth through Discovery

    Growth through Discovery Extensive Drilling Programs  Exploration is our business – high levels of in ground expenditure  Eight drilling programs in 18 months since listing  RC, aircore and diamond drilling programs planned over next five months  Improved chances of discovery through targeted dr

  14. Slide 14: Empire Rose Prospect

    Empire Rose Prospect  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 gold associated with su

  15. Slide 15: Norseman Project

    Norseman Project  278 square kilometres of prospective ground at the southern end of the prolific Norseman- Wiluna greenstone belt  Tenements are prospective for komatiite hosted nickel sulphide, VMS copper-gold and nickel- cobalt laterite mineralisation  Current 25 Mt nickel-cobalt laterite reso

  16. Slide 16: Norseman Project - Cobalt

    Norseman Project - Cobalt 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 most laterite resource

  17. Slide 17: A Significant Investment Opportunity

    A Significant Investment Opportunity  $5.4 million in cash fully funded exploration programs  Active explorer with experienced management and team focussed on making discoveries  Highly leveraged to nickel and cobalt in a period of increasing demand  Fraser Range exploration with strong potentia

  18. Slide 18: Appendix – Galileo Board

    Appendix – Galileo Board Brad Underwood  Mr Underwood is a geologist with over 18 years’ experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety Chairman & Managing of commodities

  19. Slide 19: Appendix – JORC Resources

    Appendix – JORC 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 8,200 0.45 35,000 GOBLIN 0.06 % Inferred 4.9 0

  20. Slide 20: P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/

    P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/ 20

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