Slide 1: Electric Future: Nickel, Copper, Cobalt, Palladium & Platinum in Western Australia
For personal use only ELECTRIC FUTURE: NICKEL, COPPER, COBALT, PALLADIUM & PLATINUM IN WESTERN AUSTRALIA INVESTOR WEBINAR 12 May 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 For personal use only background information about the Company and its
Slide 3: Key Messages
Key Messages For personal use only Well supported – successful High value nickel targets, Fraser Range and Norseman mining investor Mark Creasy palladium targets and an projects in the Tier-1 mining and major mining company IGO existing cobalt/nickel jurisdiction of Western are the largest sharehold
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Share Price (twelve months) Key metrics ASX Code GAL 0.7 18 Shares on Issue 168.4m Millions 0.6 16 14 Share price (@ 11th May 2022) 63.5 c 0.5 12 0.4 10 Market Cap ~ $107 m 0.3 8 Cash (at 31st March 2022) $8.2 m 6 0.2 4 Enterprise Value ~$98.8 m 0.1 2 Options
Slide 5: Highly Experienced Board
Highly Experienced Board For personal use only 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
Slide 6: Project Portfolio
Project Portfolio Strategic For personal use only Commodity & • Numerous operating mines in the district District Focus • Access to world-class infrastructure (road, rail, Kalgoorlie, Port of Esperance) • Recent discovery of significant palladium-platinum-copper-nickel-sulphide from RC drilling Nors
Slide 7: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo)
Slide 8: Highly prospective ground next to Norseman
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 Coolgar
Slide 9: RC Drilling Program
Norseman Project – RC Drilling Program Discovery of significant palladium-platinum-copper-nickel-sulphide! For personal use only • 6 RC holes (1,142m) drilled at Mine Lease prospect (named the Callisto Discovery) • Callisto is a mineralised sulphide unit developed at base of an ultramafic sill where
Slide 10: Callisto Discovery
Norseman Project – Callisto Discovery A new palladium-platinum province in which Galileo controls all of For personal use only the most prospective ground! • Strong geological continuity between drill holes with all 6 RC drill holes intersecting disseminated sulphides • Discovery is on a granted min
Slide 11: Callisto Discovery: similarities to Platreef
Norseman Project – Callisto Discovery Geological similarities to South Africa’s extensive Platreef palladium- For personal use only platinum-gold-rhodium-copper-nickel deposits • Initial appraisal of Callisto results indicates similarities in mineralisation style to Platreef deposits on the northern
Slide 12: Aircore Drilling Program
Norseman Project – Aircore Drilling Program • ~ 9,000m aircore program took place in November/December 2021 For personal use only • Five priority palladium-nickel targets were tested with aircore drilling • Aircore drilling was designed to develop multiple prospects for follow up RC and/or diamond d
Slide 13: Jimberlana Prospect
Norseman Project – Jimberlana Prospect Strong EM conductors beneath sulphides For personal use only Highly anomalous nickel-copper-cobalt-palladium assays • Massive sulphides in NAC105 underlain by EM conductors (J3 & J4 EM Targets): • 1m @ 0.24% nickel, 0.35% copper, 0.04% cobalt and 0.25 g/t palla
Slide 14: Mission Sill Prospect
Norseman Project – Mission Sill Prospect Palladium and platinum drill results over 9km strike For personal use only length • High palladium and platinum results over broad intersections • 8m @ 1.44 g/t 2E (palladium + platinum), 0.11% nickel, 0.01% copper from 8m in NAC151 including • 4m @ 1.70 g/t
Slide 15: Next Steps
Norseman Project – Next Steps For personal use only 1) Assaying of all drill holes from the current RC program 2) Down hole EM surveying of selected drill holes to assist with next stage of drill targeting 3) Petrography of selected samples to determine precise rock classifications (as a guide to mi
Slide 16: Nickel and Cobalt JORC Laterite Resource
Norseman Project For personal use only Nickel and Cobalt JORC Laterite Resource • 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 • S
Slide 17: Fraser Range JV Project (67% Galileo / 33% Creasy Group)
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 18: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) For personal use only 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 N
Slide 19: Exploration in the Fraser Range
Exploration in the Fraser Range For personal use only 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 identi
Slide 20: Delta Blues (DB2) Drilling
Delta Blues (DB2) Drilling For personal use only Copper and gold assays from drilling confirm mineralised sulphides • Copper-gold assay results from RC drilling : • 4m @ 0.29 g/t gold and 0.29% copper from 188m (DBRC001) including 1 metre @ 0.61 g/t gold and 0.66% copper from 190m • 5m @ 0.10 g/t go
Slide 21: Strategic new Fraser Range tenement
Strategic new Fraser Range tenement • Highly prospective greenfield tenement acquired along For personal use only 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 La
Slide 22: A Significant Investment Opportunity
A Significant Investment Opportunity For personal use only Well funded Early discovery Highly prospective and supported junior valuation with upcoming Norseman & Fraser exploration company drill programs Range projects Active explorer Focused on high demand with highly experienced metals – nickel, c
Slide 23: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W:http://www.galileomining.com.au/
Slide 24: 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 that