Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Investor Presentation (April 2023)
19 slides from Galileo Mining's investor presentation, Apr 26, 2023
Slide 1: Investor Presentation April 2023
For personal use only INVESTOR PRESENTATION APRIL 2023 ASX: GAL 1
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 For personal use only background information about the Company and its
Slide 3: Growth through discovery
Growth through discovery For personal use only Palladium and nickel discovery in an established mining region of Western Australia Specialist exploration company creating value by targeting new mineral resources Continuous drilling at the Callisto discovery and new prospects ready for drilling in co
Slide 4: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo) 4
Slide 5: Premier project location
Premier project location NORSEMAN PROJECT For personal use only Granted 10km from mining town of Norseman mining lease 3km from sealed highway Established Access to gas, water, road, and rail mining region 180km from Port of Esperance World class 255 square kilometre project area infrastru
Slide 6: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery * Discovery of palladium-nickel sulphide mineralisation For personal use only • Discovery drillhole in May 2022 (NRC266) returned significant palladium-platinum- gold-copper-nickel-rhodium mineralisation: • 33m @ 2.05 g/t 4E (1.64 g/t Pd, 0.28 g/t Pt, 0.09 g/t A
Slide 7: Norseman Project – Callisto Discovery: Large scale 2023 drill campaign
Norseman Project – Callisto Discovery * Large scale 2023 drill campaign underway For personal use only • Wide drill intersections up to 72 metres thick* • Highest palladium grades to date of 8.42 g/t and platinum grades up to 2.74 g/t over one metre interval in NRCD317* • 10,000 metre diamond drill
Slide 8: Callisto Discovery: Mineralisation continuing to the north and east
Norseman Project – Callisto Discovery * Mineralisation continuing to the north and east For personal use only • Magnetic map shows prospective host rock extends for five kilometres to the north • Callisto shows similarities in style to the Platreef deposits on the northern limb of the Bushveld Compl
Slide 9: Metallurgical test work
Metallurgical test work Excellent initial metallurgy results from Callisto For personal use only • Sulphide flotation at an industry standard 75µm grind size achieves excellent results with 94% copper recovery, 82% palladium recovery, 77% nickel recovery, 79% gold recovery, 78% platinum recovery, an
Slide 10: Mission Sill and Jimberlana Prospects
Norseman Project – Mission Sill and Jimberlana Prospects* Advanced prospects with RC drilling planned for June For personal use only Jimberlana Prospect • Multiple EM conductors and anomalous aircore results that require follow up RC and diamond drill testing • Sulphide intercept from 60m at JD1 tar
Slide 11: Norseman Project – Next Steps
Norseman Project – Next Steps For personal use only April – July 2023 Diamond core drilling Step out drilling RC drilling at at Callisto targeting the along strike of Jimberlana eastern and northern Callisto to the and Mission mineralised zones north Sill prospects Infill drilling of existing Geolog
Slide 12: Fraser Range JV Project (67% Galileo / 33% Creasy Group)
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 13: Fraser Range Nickel Province
Fraser Range Nickel Province For personal use only Over 600 km2 of highly prospective ground • Tenements between 30 and 90km from IGO’s operating high grade Nova nickel mine • Regional electromagnetic (EM) surveying to define target positions beneath cover rock • Intrusions with anomalous sulphides
Slide 14: Strategic Fraser Range tenement portfolio
Strategic Fraser Range tenement portfolio For personal use only • Greenfield tenements with no previous nickel exploration gives Galileo a unique first mover advantage • EM surveying underway along strike from E28/2797 the Lantern South Prospect where previous drilling intersected nickel-copper sulp
Slide 15: Key Messages
Key Messages For personal use only Well funded and supported junior exploration company Early discovery valuation with ongoing drill programs Highly prospective Norseman & Fraser Range projects Active explorer with highly experienced management and team Focused on high demand metals – palladium, pla
Slide 16: Corporate Snapshot
Corporate Snapshot For personal use only Share Price (twelve months) Key metrics 2 70 ASX Code GAL Volume (million) 1.8 60 1.6 Shares on Issue 197.4m 1.4 50 1.2 40 Share price (at 24th April 23) $0.695 1 0.8 30 0.6 Market Cap ~ $137m 20 0.4 0.2 10 Cash (at 31st March 23) $17.4m 0 0 Enterprise Value
Slide 17: Board & Management
Board & Management Over 20 years in exploration, prospecting, and mining. Brad Underwood For personal use only Widely experienced in the strategic growth and commercialisation of mineral assets at different stages of development and over multiple Chairman & MD commodity classes. Involved in th
Slide 18: Contact details
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: galileomining.com.au 18 18
Slide 19: Appendix – JORC Mineral Resource Estimates for the Norseman Cobalt Project
Appendix – JORC 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 m