Galileo Mining

Galileo is a well-funded and active exploration company focussed on its highly prospective Norseman and Fraser Range nickel-palladium projects in Western Australia. 

In 2022 Galileo made the Callisto nickel-palladium discovery at the Norseman Project and this area is the primary focus for the Company.

At the Fraser Range, Galileo has two project areas with strong potential for nickel. The operating Nova nickel mine, owned by IGO Ltd – Galileo’s second largest shareholder, sits between the two Galileo project areas.

Management Profile:

Brad Underwood is a geologist with over 20 years experience in exploration and mining. He has been involved in nickel, palladium, copper, gold, and cobalt discoveries and the development of multiple prospects. Brad has a wide range of skills including the strategic growth and commercialisation of mineral assets at different stages of development.

Noel O’Brien is a metallurgist and processing expert who was formerly Managing Director of SNC-Lavalin Inc, a leading global engineering and construction group, and was responsible for delivering base metal smelters and refinery projects across Africa. Noel has a deep understanding of metallurgy with processing expertise in smelting, gravity separation, flotation, leaching, and solvent extraction.

What is your rationale for taking part in 121 Mining Investment?

To build awareness and interest in Galileo's potential for value creation through the discovery of new nickel and PGE deposits in Western Australia.

What recent news would you like to highlight to investors attending?

1st October 2024 - Exploration Results and Upcoming Drilling

26th August 2024 - Drilling Underway at Priority Norseman Targets; 

16th July 2024 - Quarterly Cash Flow Report

12th June 2024 - Mineral Resources Lithium Joint Venture Agreement

What are your key goals for the next 3, 6 and 12 months?

3 Months

Discovery of new nickel and palladium resources

6 Months

Development of new drilling targets leading to the discovery of new nickel and palladium resources.

12 Months

Development of new drilling targets leading to the discovery of new nickel and palladium resources.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Exploration for new metal deposits is a high-risk business. This risk is mitigated through the experience that our team brings to this field of endeavour. Each drilling program is carefully planned and executed to maximise our chances of success.

What do you think makes your company such a compelling investment?

We have depth of experience in creating value through the discovery of hard rock mineral deposits in Australia. Although the past is no precise guide to the future, we have made mineral discoveries in the past and aim to do so again in the future.

What are the top 3 key investor takeaways?

Fully funded for upcoming drill programs, well supported by large shareholders, and highly leveraged to discovery success.