Galileo Mining Ltd. · ASX:GAL
Galileo Mining — ShareCafé Small Cap "Hidden Gems" Webinar (April 2020)
20 slides from Galileo Mining's conference presentation, Apr 30, 2020
Slide 1: Investor Webinar Presentation
30 April 2020 ASX: GAL INVESTOR WEBINAR PRESENTATION For personal use only Corporate Directory Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce Directors its participation in the ShareCafé Small Cap “Hidden Gems” Webinar to be held on Thursday 30th April 2020 from 2:3
Slide 2: Strategic Focus on Nickel, Copper & Cobalt in Tier-1 Mining Jurisdiction
For personal use only STRATEGIC FOCUS ON NICKEL, COPPER & COBALT IN TIER-1 MINING JURISDICTION INVESTOR PRESENTATION – APRIL 2020 (ASX:GAL)
Slide 3: Disclaimer
Disclaimer For personal use only 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 D
Slide 4: Investment Opportunity
Investment Opportunity For personal use only Strong cash position ~$9.5M (following $5M placement1) Nova-style high value nickel targets in the Fraser Range belt All assets in Tier-1 mining jurisdiction of Western Australia Strategic focus on drilling programs to create value through discove
Slide 5: Corporate Snapshot
Corporate Snapshot Key Metrics Share Price (six months) For personal use only ASX Code GAL Shares on Issue1 143.1m Share price (as at 29 April 2020) 25.5c Market Cap (undiluted) $36.5m Cash1 $9.5m (follows $5m placement) Enterprise Value $27.0m Options on Issue 15m @ $0.20 (vesting condition: 60 day
Slide 6: Project Portfolio
Project Portfolio For personal use only 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 depos
Slide 7: Fraser Range Nickel Belt
Fraser Range Nickel Belt For personal use only 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 d
Slide 8: Similar to Canadian Nickel Belts
Similar to Canadian Nickel Belts For personal use only 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
Slide 9: Thompson vs Fraser Range
Thompson vs Fraser Range For personal use only 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 yea
Slide 10: Active Exploration Zone
Active Exploration Zone For personal use only 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
Slide 11: Lantern Prospect Targets
Lantern Prospect Targets For personal use only Intrusions with the same host rocks as the Nova and Silver Knight deposits Multiple highly prospective drill targets Drilling and petrography shows gabbro, gabbro-norite and peridotite rocks with potential to host nickel-copper (1) Right rock type
Slide 12: Lantern Sulphide Discovery
Lantern Sulphide Discovery Disseminated nickel-copper For personal use only sulphide mineralisation (1) LARC003 returns significant intersection of; 12m @ 0.38% Ni & 033% Cu from 124 metres down hole Including 5m @ 0.49% Ni % 0.46% Cu from 126m Mineralisation open in all directions Maximum val
Slide 13: Accelerating Lantern Exploration
Accelerating Lantern Exploration For personal use only Priority drilling campaign underway $5 million placement allows aggressive expansion of exploration work 8,000m aircore program (doubled from 4,000m) currently underway to follow up along strike of sulphide mineralisation Diamond drill hol
Slide 14: Growth through Discovery
Growth through Discovery Extensive Drilling Programs For personal use only Exploration is our business – high levels of in ground expenditure Ten drilling programs in under 2 years since listing Aircore, RC and diamond drilling planned over coming months Improved chances of discovery through
Slide 15: Empire Rose Prospect
Empire Rose Prospect For personal use only 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 g
Slide 16: Norseman Project
Norseman Project For personal use only 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-
Slide 17: A Significant Investment Opportunity
A Significant Investment Opportunity For personal use only $9.5 million in cash = well funded junior exploration company 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 exp
Slide 18: Appendix – Galileo Board
Appendix – Galileo Board For personal use only 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 & M
Slide 19: Appendix – JORC Resources
Appendix – JORC Resources For personal use only 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
Slide 20: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/ 19
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