Galileo Mining (GAL) Investor Presentation summary

Company overview

• Specialist explorer focused on palladium and nickel discoveries in Western Australia, with additional exposure to lithium through a joint venture.

• Projects located in tier 1 mining jurisdictions, including Norseman and Fraser Range, with established infrastructure and proximity to major mining operations.

• Well-funded with approximately AUD $12 million in cash as of September 2024, supporting ongoing and planned exploration programs.

• Market capitalization of ~$26.6 million and strong shareholder base, including Mark Creasy (27.5%) and IGO Ltd (8.3%).

• Led by an experienced management team with a track record in mineral discovery, project development, and capital markets.

Key projects and resources

• Norseman Project hosts the Callisto deposit, a maiden JORC resource of 17.5Mt @ 1.04g/t 4E, 0.20% Ni, and 0.16% Cu, containing 585,000oz 4E, 35kt Ni, and 28kt Cu.

• Callisto mineralisation remains open at depth, with unclassified mineralisation below the current resource.

• Callisto is the first discovery of its kind in Australia, with a 300m strike length, 800m down-dip extent, and average true thickness of 40m.

• The project area covers 255km², is 10km from Norseman, and benefits from access to road, rail, gas, and water.

• Fraser Range JV (67% Galileo) covers over 600km² of prospective ground near IGO's Nova nickel mine, with multiple nickel-copper-cobalt targets.

Exploration and development activities

• Multiple drilling programs underway and planned through mid-2025, targeting palladium, platinum, nickel, and copper at Norseman and Fraser Range.

• 5,000m drill program at Mission Sill and Jimberlana prospects, with follow-up RC drilling at Callisto and other targets.

• Fraser Range drilling scheduled for first half of 2025, focusing on untested EM targets at Easterly and Green Moon prospects.

• Ongoing geophysical surveys and campaign drilling to advance exploration along the 20km Callisto trend and 12km Mission Sill trend.