Galileo Resources Plc · LSE:GLR
Galileo Resources — Investor Presentation (November 2015)
27 slides from Galileo Resources's investor presentation, November 2015
Slide 1: Galileo Resources PLC Corporate Presentation
Galileo Resources PLC Corporate Presentation November 2015
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT (“DOCUMENT”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THE DISTRIBUTION OF THIS DOCUMENT MAY BE RESTRICTED BY LAW. ACCORDINGLY, THIS DOCUMENT MAY NOT BE DISTRIBUTED IN ANY JURISDICTION EXCEPT IN ACCORDANCE WITH THE LEGAL REQUIREMENTS
Slide 3: Copper Fundamentals
Copper Fundamentals Copper demand to rise www.galileoresources.com 3
Slide 4: Copper Fundamentals
Copper Fundamentals www.galileoresources.com 4
Slide 5: Copper Trend
Copper Trend *graph taken from McEvenMining www.galileoresources.com 5
Slide 6: A World Class Portfolio
A World Class Portfolio Big positions in world’s most friendly mining regions Copper/Gold Assets in major mining provinces • Recent acquisition of Concordia in South Africa Northern Cape has potential to assume “World Class” copper mine potential • Galileo acquired in May 2014 by share swap the enti
Slide 7: Concordia Geographical Map
Concordia Geographical Map Large license area www.galileoresources.com 7
Slide 8: Concordia Assessment
Concordia Assessment Fast modelling leads to transformational thinking • Previous focus was on narrow steep underground copper ore-bodies that could be mined from underground • The challenge that resulted from the modelling done was, • That the narrow modeled ore bodies were very deep (>400m below s
Slide 9: Concordia Opportunity
Concordia Opportunity More of the same Five massive bulk copper mineralised zones within a 10km radius of each other all outcropping on surface in an area with good infrastructure Massive Kliphoog North target (geophysical footprint dwarf any other target) remains untested www.galileoresources.com 9
Slide 10: Some Data
Some Data Typical and exciting Koeëlkop 5 Ore body (all could be connected with more infill drilling) Combined: 1200m in length x 45m in width x open to depth Koeëlkop 5 only: 310m in strike-length x 20m wide (drilled surface to 50m open to depth) www.galileoresources.com 10
Slide 11: Sample Preliminary Modelling
Sample Preliminary Modelling Thick body which miners like Waaihoek Ore body 700m in strike-length x 40m wide (drilled surface to 50m open to depth) www.galileoresources.com 11
Slide 12: Aeromagnetic
Aeromagnetic Got the signature www.galileoresources.com 12
Slide 13: Next Steps
Next Steps Fast track to value 12 months from completing BFS (project at advanced stage) • Complete a Feasibility Study for the project from the perspective of developing a super pit • Infill drilling • Metallurgical test work • Pit optimization • EIA • Mine planning & Financial modeling • Evaluatio
Slide 14: Conclusion – Company Maker
Conclusion – Company Maker Not many of these around Super Pit potential quick to define • Concordia represents a world class copper district • Super pit approach is key to unlocking significant shareholder value • Five super pit mineralized zones at preliminary modeling stage with a huge sixth zone
Slide 15: St. Vincent Portfolio
St. Vincent Portfolio Desert above – treasures below Copper/Gold Assets in Nevada, USA Silverton • Gabbs (Nevada, USA): Nevada bulk mining proposition – major independent resource established and significant potential to increase • Ferber (Nevada, USA): Large gold copper concessions close to major n
Slide 16: St. Vincent Project Portfolio
St. Vincent Project Portfolio All projects have enormous potential – Get Nevada covered acquired from St. Vincent in 2014 Gabbs: Au-Cu Resource Au-Cu Targets Au Targets Ferber: Cu-Au Target Silverton: Au Targets Crow Springs: Cu porphyry target www.galileoresources.com 16
Slide 17: Galileo’s Ongoing Strategy
Galileo’s Ongoing Strategy Take Concordia and Gabbs to their true value • Current financing problems prevent company from releasing ultimate value but the outlook for the properties is well above average • Gabbs property in Nevada being reviewed for value release drill programme • Concordia property
Slide 18: Projects: Gabbs Project
Projects Can’t do much damage here Gabbs Project www.galileoresources.com 18
Slide 19: Gabbs Claim Package
Gabbs Claim Package Disused processing capability next door Lucky Strike Gold Ledge Sullivan Car Body Paradise Peak Mill and Mine • Gabbs claims package consists of 355 unpatented lode claims and 1 patented lode claim covering 6,900 acres (28 km²) • Property contains 4 distinct areas of mineralisati
Slide 20: Significant Drill Intercepts
Significant Drill Intercepts Very impressive long and significant intercepts Gabbs Project, Nevada - USA Zone Hole Intercept Sullivan SD-1 88 m @ 1.43g/t Au and 0.28% Cu from 56 m Sullivan SD-2 89.7 m @ 0.76 g/t Au, 0.29% Cu Sullivan SD-4 100 m @ 0.40 g/t Au and 0.29 % Cu from 93 m South Gold Ledge
Slide 21: Independent Resource Statement
Independent Resource Statement Large basic resource, plenty to work with Gabbs Project, Nevada - USA Cut-off Au g/t Tonnage Au Cu Au Eq Cu Eq Oxide/Non-Oxide (1,000t) (g/t) (ppm) (g/t) (%) 0.20/0.10 167,942 0.37 2,213 0.74 0.43 750,000 tonnes of copper equivalent www.galileoresources.com 21
Slide 22: Projects: Ferber Project
Projects Promising geology Ferber Project www.galileoresources.com 22
Slide 23: Ferber Property
Ferber Property Big position paid for • 120 unpatented mining claims and 21 patented mining claims covering 2377 acres • Adjacent to recent major gold discovery Kinsley Mountain • Claims of a new gold trend comparable to the prolific Carlin Trend • Previous work reported: 10.8 m of 0.53 g/t Au 4.6 m
Slide 24: Compelling Investment Case
Compelling Investment Case Balanced portfolio with near term production projects • Quality projects in South Africa and Nevada, historically big producing areas • Strong international interest in the St. Vincent properties generally because of size and location • Projects are open-pittable and of a
Slide 25: Directors and Key Officers
Directors and Key Officers Strong resource management team Colin Bird Chief Executive Officer & Chairman Colin is a Chartered Engineer and has a Diploma in Mining Engineering, is a Fellow of the Institute of Materials, Minerals and Mining and is a certified mine manager both in the UK and in South A
Slide 26: Corporate Information
Corporate Information Number of ordinary shares in issue: 155,752,721 Options : 4,945,000 AIM code: GLR Galileo Resources Plc 2 Cromwell Place, London, United Kingdom, SW7 2JE 7 Einstein Street, Highveld Techno Park, Centurion 0157 , South Africa Tel: + 44 (0) 207 581 4477 | Fax: + 44 (0) 207 589 78
Slide 27: Thank you very much
Thank you very much www.galileoresources.com
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