Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Mines & Money Online Conference 2022
23 slides from Galileo Mining's conference presentation, Apr 5, 2022
Slide 1: Electric Future: Nickel, Copper, Cobalt & Palladium in Western Australia
For personal use only ELECTRIC FUTURE: NICKEL, COPPER, COBALT & PALLADIUM IN WESTERN AUSTRALIA MINES & MONEY ONLINE CONFERENCE 5 April 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 0.4 12 Shares on Issue 168.4m 0.35 10 0.3 Share price (@ 1st April 2022) 22 c 0.25 8 0.2 6 Market Cap ~ $37 m 0.15 4 Cash (at 31st Dec 2021) $9.0 m 0.1 0.05 2 Enterprise Value $28 m 0 0 Options on Issue 12.
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 • Numerous operating mines in the district Strategic For personal use only Commodity & • Access to world-class infrastructure (road, rail, Kalgoorlie, Port of District Focus Esperance) • Nickel, cobalt, palladium, gold, and lithium exploration • Strong nickel-copper-cobalt-palladiu
Slide 7: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo)
Slide 8: Norseman Project
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: Norseman Project – Upcoming Drilling
Norseman Project – Upcoming Drilling Palladium, Nickel, Copper Sulphide Targets For personal use only • Exploration on granted Mine Lease • Palladium, platinum, nickel and copper increasing towards the target zone; • 27m @ 0.58 g/t Pd, 0.12 g/t Pt, 0.18% Ni & 0.13 % Cu from 123m (MTRC096) • includin
Slide 10: Norseman Project – 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 11: Norseman Project – 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 12: Norseman Project – Mission Sill Prospect
Norseman Project – Mission Sill Prospect Palladium and platinum drill results over 9km strike length For personal use only • 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 13: Norseman Project – Next Steps
Norseman Project – Next Steps • RC drilling of Mt Thirsty prospect nickel-copper-palladium targets planned for For personal use only April 2022 • Follow up geophysical surveys and RC drilling planned around and below nickel, cobalt, palladium, and platinum drill intercepts • Follow up aircore drilli
Slide 14: Norseman Project 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 15: Fraser Range JV Project (67% Galileo / 33% Creasy Group)
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 16: 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 17: 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 18: 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 19: Empire Rose – RC Drilling
Empire Rose – RC Drilling For personal use only • 940m of RC drilling recently completed at Empire Rose prospect (March 2022) • Ultramafic rock unit prospective for nickel intersected in drill hole FSRC005. Down hole EM surveying to be undertaken • Drilling intersected disseminated sulphides associa
Slide 20: 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 21: A Significant Investment Opportunity
A Significant Investment Opportunity For personal use only Well funded Highly leveraged Highly prospective and supported junior to success with Norseman & Fraser exploration company campaign drill programs Range projects Active explorer Focused on high with highly experienced demand metals – nickel,
Slide 22: 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 23: 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
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