Galileo Mining Ltd. · ASX:GAL
Galileo Mining — RIU Sydney Resources Round-Up Conference 2019
21 slides from Galileo Mining's conference presentation, May 7, 2019
Slide 1: RIU Sydney Resources Round-Up Presentation
7 May 2019 ASX: GAL RIU SYDNEY RESOURCES Corporate Directory ROUND-UP PRESENTATION Directors Non-Executive Chairman Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to advise Simon Jenkins of its participation in the RIU Sydney Resources Round-Up Conference where Managing Directo
Slide 2: RIU Sydney Resources Round-Up Conference Presentation – May 2019
RIU SYDNEY RESOURCES ROUND-UP CONFERENCE PRESENTATION – MAY 2019 (ASX:GAL)
Slide 3: Disclaimer
DISCLAIMER 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 Document is prepared fo
Slide 4: A Significant Investment Opportunity
A SIGNIFICANT INVESTMENT OPPORTUNITY $8.0 million in cash - fully funded exploration programs for the next two years Successful mining entrepreneur Mark Creasy is the founder and major shareholder with 31% holding Nickel and cobalt assets in Tier-1 mining jurisdiction Currently drilling high
Slide 5: Project Portfolio
PROJECT PORTFOLIO Western Australia focus Stable jurisdiction Battery metal mines driven by Electric Vehicle demand Fraser Range JV Project * Developing nickel province with two significant deposits so far Management with proven track record of discovery in the Fraser Range** Outstandi
Slide 6: Exploration Value Creation
EXPLORATION VALUE CREATION 5
Slide 7: Sirius Resources – Discovery Timeline
SIRIUS RESOURCES* – DISCOVERY TIMELINE Ni-Cu-Co Geophysical results RC drilling Major Ni-Cu discovery anomalies show a strong EM at ‘The Eye” announced with significant identified in conductor returns first assay result of 4m @ first drilling at associated with Cu- positive 3.8% Ni & 1.4% Cu from ‘T
Slide 8: Galileo Mining – Exploration Timeline
GALILEO MINING – EXPLORATION TIMELINE First aircore drilling Follow up Geophysics results show delivers anomalous geophysical a strong EM conductor assays of 0.2% Ni survey shows a associated with mafic Diamond drill Empire Rose over a 36m strong IP rocks (host rocks to the testing of EM intersectio
Slide 9: Fraser Range Project
FRASER RANGE PROJECT Fraser Range: Fast developing nickel and copper province Two significant nickel discoveries in past seven years (Nova & Silver Knight) Independence Group: Nova nickel-copper-cobalt mine 14.4 Mt @ 2.3% Nickel, 0.9% Copper and 0.08 % Cobalt (1) Empire Rose and Yardilla South
Slide 10: Empire Rose & Yardilla South
EMPIRE ROSE & YARDILLA SOUTH 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 with a modelled depth of 250 metres below surface (1) Induced Polarisation (IP
Slide 11: Empire Rose Drill Target
EMPIRE ROSE DRILL TARGET Drill Target Section Drilling program has commenced at the Empire Rose with drill holes designed to intersect the conductive and chargeable target 250m below surface Geophysical signature consistent with that expected from sulphide source Possibly related to magmatic o
Slide 12: Yardilla South Drill Target
YARDILLA SOUTH DRILL TARGET Drill Target Section Historic data review shows a high quality untested gold target 150m below surface Old drill holes contained anomalous geochemistry above a geophysical chargeable target Geology suggests a potential gold system hosted in Banded Iron Formation G
Slide 13: Lantern Prospect
LANTERN PROSPECT Interpreted intrusion with similar size to Nova host rock Magnetic signature indicates layered intrusion with potential for mineralisation Excellent structural location for the intrusion of prospective rocks First pass aircore drilling confirms the right host rocks for magmati
Slide 14: Norseman Project
NORSEMAN PROJECT Substantial cobalt-nickel resource 25.1Mt @ 0.11% cobalt and 0.49% nickel (1) 26,600 Tonnes of contained cobalt and 122,500 Tonnes of contained nickel World class infrastructure adjacent to the town of Norseman “BMW to buy cobalt direct from Australia” (2) Provides leverag
Slide 15: Value Drivers
VALUE DRIVERS 2019 QUARTER 1 2019 QUARTER 2 2019 2nd HALF FRASER RANGE PROJECT Empire Rose Geophysics surveys Target definition Diamond drilling Yardilla South Historic data review Diamond drilling Lantern Aircore driling Discovery Geophysics surveys Focussed Target definition Drill testing NORSEMAN
Slide 16: A Significant Investment Opportunity
A SIGNIFICANT INVESTMENT OPPORTUNITY $8.0 million in cash - fully funded exploration programs for the next two years Nickel and cobalt assets in Tier-1 mining jurisdiction Strongly leveraged to nickel and cobalt in a period of increasing demand from battery technology and electric vehicles F
Slide 17: Appendix - Corporate Snapshot
APPENDIX - CORPORATE SNAPSHOT Key Metrics Share Price (six months) ASX Code GAL Shares on Issue 120.4m Share price (as at 6 May 2019) 12.0c Market Cap (undiluted) $14.5m Cash (31/03/19) $8.0m Enterprise Value $6.5m Options on Issue 15m @ $0.20 (vesting condition: 60 day VWAP > $0.60) Debt No debt Sh
Slide 18: Appendix – Galileo Board
APPENDIX – GALILEO BOARD Simon Jenkins Mr Jenkins has been a director of corporate law firm Price Sierakowski Corporate since 2005 and has experience in a broad range of corporate transactions including takeovers, mergers and capital raisings both in Australia and overseas. Chairman He has exten
Slide 19: Appendix - Nickel and Cobalt
APPENDIX - NICKEL AND COBALT Global Nickel Use 2010 – 2018 Global Cobalt Use 2010 – 2017 (nickel kilo-tonnes) (cobalt tonnes) 2,500 120,000 100,000 2,000 80,000 1,500 60,000 1,000 40,000 500 20,000 0 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2010 2011 2012 2013 2014 2015 2016 2017 Stainless ste
Slide 20: Appendix – JORC Resources
APPENDIX – JORC RESOURCES JORC 2012 RESOURCES 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 0
Slide 21: Thank You
THANK YOU P: +61 8 9463 0063 E: info@galileomining.com.au W: http://www.galileomining.com.au/ 20
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