Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Australian Nickel Conference (October 2023)
22 slides from Galileo Mining's conference presentation, Oct 4, 2023
Slide 1: Investor Presentation October 2023
For personal use only INVESTOR PRESENTATION OCTOBER 2023 ASX: GAL OTCQX: GALMF 1
Slide 2: Disclaimer & Statements
Disclaimer & Statements 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 background information about the Company and its wholly o
Slide 3: Growth through discovery
Growth through discovery Callisto nickel & palladium deposit in For personal use only an established mining region of Western Australia Specialist exploration company creating value by targeting new mineral resources Campaign drilling programs in 20km prospective zone around the Callisto deposit Ear
Slide 4: Corporate Snapshot
Corporate Snapshot Share Price (six months) Key metrics For personal use only 0.9 1.8 Tickers ASX: GAL / OTCQX: GALMF* Volume (million) 0.8 1.6 0.7 1.4 Shares on Issue 197.4m 0.6 1.2 0.5 1 Share price (at 3rd Oct 23) $0.415 0.4 0.8 0.3 0.6 Market Cap ~ $82m 0.2 0.4 0.1 0.2 Cash (at 30th June 23) ~$1
Slide 5: Board & Management
Board & Management 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 Chairman & MD commodity classes. Involved in the discovery and develo
Slide 6: Norseman Project (100% Galileo)
For personal use only Norseman Project (100% Galileo)
Slide 7: Premier project location
Premier project location NORSEMAN PROJECT For personal use only Granted 17.5Mt Maiden Resource Estimate mining lease 10 km from mining town of Norseman 3km from sealed highway Established mining region Access to gas, water, road, and rail 180km from Port of Esperance World class 255 squa
Slide 8: Norseman Project – Callisto Discovery
Norseman Project – Callisto Discovery * Discovery of nickel-palladium sulphide mineralisation For personal use only • Discovery drillhole in May 2022 (NRC266) returned significant palladium-platinum- gold-copper-nickel-rhodium mineralisation: • 33m @ 2.05 g/t 4E (1.64 g/t Pd, 0.28 g/t Pt, 0.09 g/t A
Slide 9: Callisto Geology Modelling
Callisto Geology Modelling • Consistent and continuously mineralised sill starting at 75 metres below surface For personal use only • Strike length of approximately 300 metres, down dip extent of 800 metres, average true thickness approximately 40 metres • Geology and resource modelling based on 147
Slide 10: Callisto Resource Modelling
Callisto Resource Modelling* • Indicated and Inferred Mineral Resource of 17.5 Mt @ 1.04g/t 4E1, 0.20% Ni, 0.16% Cu (2.3g/t For personal use only PdEq2 or 0.52% NiEq3) • Contained metal of 585,000oz 4E, 35kt Ni and 28kt Cu (~1.27Moz PdEq or ~91,000t NiEq) • ~8Mt (46%) of the resource is inside the i
Slide 11: Callisto Mineral Resource Estimate
Callisto Mineral Resource Estimate* Grades Metal accumulations Reporting Mass JORC Pd Pt Au Rh Ni PdEq NiEq 4E Pd Au Rh Ni PdEq NiEq 4E Criteria (Mt) Cu (%) Pt (Koz) Cu (Kt) (ppm) (ppm) (ppm) (ppm) (%) (ppm) (%) (ppm) (Koz) (Koz) (Koz) (Kt) (Koz) (Kt) (Koz) For personal use only Indicated 7.96 0.92
Slide 12: Metallurgical test work
Metallurgical test work Excellent initial metallurgy results from Callisto For personal use only • Sulphide flotation at an industry standard 75µm grind size achieves excellent results with 94% copper recovery, 82% palladium recovery, 77% nickel recovery, 79% gold recovery, 78% platinum recovery, an
Slide 13: Callisto Exploration Targeting
Callisto Exploration Targeting Multiple drill programs planned • Callisto deposit is analogous in mineralisation style to the For personal use only Platreef PGE deposits in South Africa • Thick blanket of disseminated sulphides within ultramafic sill towards base of much larger mafic-ultramafic sill
Slide 14: Callisto Exploration Targeting
Callisto Exploration Targeting Multiple drill programs planned • Drill ready targets at the North and For personal use only South Callisto prospects • Five kilometre highly prospective trend at North Callisto directly along strike from the deposit • Anomalous RC drill results at South Callisto match
Slide 15: Norseman Project – New Targets
Norseman Project – New Targets* Multiple mineralisation styles within project area • Highest palladium grades to date of 8.42 g/t and platinum grades For personal use only up to 2.74 g/t over one metre interval in NRCD317* • Drilling 600m north of Callisto has revealed a new style of Platinum Group
Slide 16: Norseman Project – New Targets
Norseman Project – New Targets* Multiple mineralisation styles within project area • First pass RC drilling at Jimberlana North and South prospects For personal use only intersects nickel and copper sulphides • Anomalous sulphides open at depth and along strike • Jimberlana North: 11m @ 0.21 g/t 3E,
Slide 17: Norseman Project Next Steps
Norseman Project Next Steps October to December 2023 – two drill campaigns planned For personal use only Assays from Second round of September RC RC drilling in five- Third RC drill drilling at North kilometre target campaign on Callisto Callisto and trend and other high zone to the north of Jimberl
Slide 18: Fraser Range JV Project
For personal use only Fraser Range JV Project (67% Galileo / 33% Creasy Group)
Slide 19: Fraser Range Nickel Province
Fraser Range Nickel Province Over 600 km2 of highly prospective ground For personal use only • Tenements between 30 and 90km from IGO’s operating high grade Nova nickel mine • Regional electromagnetic (EM) surveying used to define target positions beneath cover rock • Intrusions with anomalous sulph
Slide 20: Strategic Fraser Range tenement portfolio
Strategic Fraser Range tenement portfolio • Greenfield tenements with no previous For personal use only nickel exploration gives Galileo a unique first mover advantage • EM surveying completed along strike from E28/2797 the Lantern South Prospect where previous drilling intersected nickel-copper sul
Slide 21: Key Messages
Key Messages Well funded and supported junior For personal use only exploration company Early discovery valuation with ongoing drill programs Highly prospective Norseman & Fraser Range projects Active explorer with highly experienced management and team Focused on high demand metals – nickel, pallad
Slide 22: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: galileomining.com.au
Galileo Mining — Australian Nickel Conference (October 2023) on 6ix