Galileo Mining Ltd. · ASX:GAL
Galileo Mining — Investor Presentation (November 2024)
20 slides from Galileo Mining's investor presentation, Nov 14, 2024
Slide 1: Investor Presentation November 2024
For personal use only INVESTOR PRESENTATION November 2024 Exploration to Discovery Palladium & Nickel in Western Australia ASX: GAL
Slide 2: Investment Highlights
Investment Highlights Specialist exploration company creating value For personal use only through discovery of new mineral resources Drilling programs underway targeting palladium- nickel deposits near the 2022 Callisto PGE discovery Early discovery market valuation with exceptional growth potential
Slide 3: Corporate Snapshot
Corporate Snapshot Share Price (six months) Key metrics For personal use only 0.3 3,000 Ticker ASX: GAL 0.25 2,500 Shares on Issue 197.4m 0.2 2,000 Share price (at 13th Nov 24) $0.135 0.15 1,500 Market Cap ~ $26.6m 0.1 1,000 Cash (at 30th September 24) ~$12m 0.05 500 Enterprise Value ~$14.6m 0 0 Opt
Slide 4: Board & Management
Board & Management Over 20 years in exploration and mining. Brad Underwood Highly experienced in the strategic growth and commercialisation of mineral assets at different stages of development. Chairman & MD Involved in the discovery and development of nickel, palladium, copper, cobalt, and go
Slide 5: Active Exploration Programs
Active Exploration Programs November 2024 to mid 2025 – multiple drilling programs For personal use only 5,000m drill program Ongoing palladium Follow up RC drilling targeting palladium, and platinum at Callisto, Mission platinum and nickel at targeting with new Sill, and Jimberlana the Mission Sill
Slide 6: For personal use only
For personal use only
Slide 7: Norseman Project - Premier location
Norseman Project - Premier location 17.5Mt Maiden JORC Resource* Significant For personal use only 255km2 tenure 10 km from mining town of Norseman 3km from sealed highway Established Access to gas, water, road, and rail mining region 180km from Port of Esperance World class 255 square k
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 Callisto geological interpretation (NRC266) returned significant section 6,448,000mN with discovery drill hole NRC266. 3E = palladium-platinum- gold-c
Slide 9: Callisto Discovery - Resource Modelling
Callisto Discovery - 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
Slide 10: Callisto Discovery - Geology Modelling
Callisto Discovery - Geology Modelling • First discovery of its kind in Australia • Consistent and continuously mineralised sill For personal use only starting at 75 metres below surface • Strike length of approximately 300 metres, down dip extent of 800 metres, average true thickness approximately
Slide 11: Exploration Targeting
Exploration Targeting Multiple drill programs planned in coming 12 months • Callisto deposit is analogous in mineralisation style to the For personal use only Platreef PGE deposits in South Africa • Thick blanket of disseminated sulphides at base of ultramafic sill within a much larger mafic-ultrama
Slide 12: Metallurgical test work
Metallurgical test work Excellent 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, and 63% rh
Slide 13: Mineral Resources Lithium JV Agreement
Mineral Resources Lithium JV Agreement • Farm-in and joint venture agreement1 with subsidiary of Mineral Resources (ASX:MIN) for 30% sale of lithium rights over For personal use only Norseman Project for $7.5m • Cash injection fully funds Galileo for all planned exploration programs at Norseman and
Slide 14: For personal use only
For personal use only
Slide 15: 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 16: 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 17: 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 18: Disclaimer & Statements
Disclaimer & Statements Nothing in this Presentation constitutes the provision of financial or legal advice. The Recipient should consider its This Presentation (“Presentation” or the “Document”) has been prepared by Galileo Mining Ltd (ACN 104 114 132) own financial situation, objectives and needs,
Slide 19: For personal use only
For personal use only P: +61 8 9463 0063 E: info@galileomining.com.au W: galileomining.com.au
Slide 20: 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
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