Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Mines & Money Online Connect September 2021
23 slides from Galileo Mining's conference presentation, Sep 1, 2021
Slide 1: Mineral Exploration for a Sustainable Future: Nickel, Copper, Cobalt & Palladium
For personal use only MINERAL EXPLORATION FOR A SUSTAINABLE FUTURE: NICKEL, COPPER, COBALT & PALLADIUM IN WESTERN AUSTRALIA Mines & Money Online Connect September 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
High value nickel targets, palladium targets, and an existing cobalt/nickel resource For personal use only Campaign drilling programs throughout the year Investment All assets are in the Tier-1 mining jurisdiction of Western Australia Opportunity Strong cash position with~$5.4M 1 Pre-discovery marke
Slide 4: Future Facing Metals
Future Facing Metals LME NICKEL (12 months) LME COPPER (12 months) For personal use only • Increasing demand for sustainable metals • 12-month price increase in nickel, copper, cobalt & palladium • Forecast step change in demand LME COBALT (12 months) LBMA PALLADIUM (12 months) for EV battery techno
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 (@ 31st August 2021) 32c Market Cap $45.8m Cash (at 30th June 2021) $5.4m Enterprise Value $40.4m Options on Issue 12.5m @ $0.20; 2.3m @ $0.44 per share Source
Slide 6: Highly Experienced Board
Highly Experienced Board 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 th
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, Kalgoorlie, Port of Esperance) Fraser Range JV Project * • Developing nickel province with two significant deposits so far at
Slide 8: Project Fraser Range
For personal use only Project Fraser Range
Slide 9: Thompson (Canada) vs Fraser Range (Australia)
Thompson (Canada) vs Fraser Range (Australia) For personal use only Thomson Fraser Nickel Range Belt Nickel Belt More than Two deposits 10 deposits with over over 100km 150km of of strike prospective length strike length VS Total known Total known resources resources of of 146Mt 18Mt with le
Slide 10: Fraser Range Mineral Belt
Fraser Range Mineral Belt For personal use only Fraser Range: Developing Mineral Province • Two nickel-copper-cobalt resources discovered since 2012 (Nova mine & Silver Knight deposit) • IGO: Nova nickel-copper-cobalt mine, pre-mining resource of 14.4 Mt @ 2.3% Nickel, 0.9% Copper and 0.08 % Cobalt
Slide 11: Exploration in the Fraser Range
Exploration in the Fraser Range For personal use only Prospective Proterozoic beneath Eocene sediments • Targeting magmatic intrusions with sulphide mineralisation • High-grade granulite facies metamorphism • Interpretation mostly from detailed aeromagnetic data • Aircore drilling of intrusions used
Slide 12: Drilling Activity – Lantern Prospect
Drilling Activity – Lantern Prospect For personal use only RC and diamond drilling campaigns • First RC and diamond drilling programs at Galileo’s Fraser Range project intersect sulphides • 23m @ 0.19% Ni & 0.14% Cu from 133m in disseminated nickel-copper sulphides from ultramafic host rock at Lante
Slide 13: 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 14: Delta Blues Drilling – Sulphides Intersected
Delta Blues Drilling – Sulphides Intersected For personal use only Drilling at DB2 intersects semi-massive sulphide mineralisation1,2 • 3 drill holes intercepted semi-massive sulphides over minimum 210m strike length • Semi-massive sulphides intersected from 190 -192m (DBRC001), 167 - 170m (DBRC002)
Slide 15: Delta Blues Drilling – Prospective Rocks
Delta Blues Drilling – Prospective Rocks For personal use only Drilling at DB1 intersects highly prospective intrusive rocks 1,2 • Initial RC drill testing has been completed at DB1 with drill hole DBRC004 touching only the very top of the EM model which was calculated to start between 175m and 255m
Slide 16: Developing Prospects
Developing Prospects For personal use only Ongoing target generation work delivering results • Shallow, large, and conductive target at the Easterly Prospect • Along strike from Lantern South Prospect where previous drilling intersected nickel-copper sulphides 1 o 41 metres @ 0.19% nickel & 0.14% co
Slide 17: Norseman Project
For personal use only Norseman Project
Slide 18: Norseman Project
Norseman Project For personal use only Highly prospective ground next to town of Norseman • 278km2 of prospective ground at the southern end of the prolific Norseman-Wiluna greenstone belt • Premier project location: • Multiple mine sites between Norseman and Kalgoorlie • 10km from Norseman and the
Slide 19: Norseman Project: Palladium Targets Identified from Existing Drilling
Norseman Project Palladium Targets Identified from Existing Drilling 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 resourc
Slide 20: Norseman Project: Two Priority Drill Targets from New Soil Sampling
Norseman Project Two Priority Drill Targets from New Soil Sampling1 For personal use only • New sampling shows two zones of strong palladium/platinum potential with extensive strike lengths of ~400m and 800m respectively: 1) Mission Sill at an ultramafic/mafic contact 2) Jimberlana Dyke at a particu
Slide 21: 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 - 80 metres deep • Contiguous high-grade cobalt mineralisation • Close to existing
Slide 22: Well supported junior exploration company
Well 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 discovery o
Slide 23: Mineral Resource Estimates for the Norseman Cobalt Project
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 assumpt
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