Galileo Resources Plc · LSE:GLR
Galileo Resources — Investor Presentation (February 2023)
34 slides from Galileo Resources's investor presentation, February 2023
Slide 1: Corporate Presentation February 2023
CORPORATE PRESENTATION FEBRUARY 2023 WWW.GALILEORESOURCES.COM 1
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: Board of Directors
BOARD OF DIRECTORS Colin Bird Chief Executive Officer & Chairman Colin Bird is a chartered mining engineer with multi commodity mine management experience in Africa, Spain, Latin America and in the Middle East. He has been the prime mover in a number of public listings in the UK, Canada and South Af
Slide 4: Corporate
CORPORATE Number of ordinary shares in issue: 1,160,688,453 AIM code: GLR Market Cap: GBP 12.53 million Significant Shareholders Name of Holder No. of Ordinary Shares % of Voting Rights Hargreaves Lansdown Asset Mgmt 155,845,645 14.03 Interactive Investor 120,505,382 10.85 Jarvis Investment Manageme
Slide 5: Mission Statement
MISSION STATEMENT - Bring Luansobe open pit into production before end of first half of 2023 Commence Luansobe large scale exploration programme before the end of second half 2023 - Complete Kamativi lithium tantalum and tin exploration programme and assess future plans Advance copper occurrence at
Slide 6: Galileo Copper Projects
GALILEO COPPER PROJECTS 6
Slide 7: Galileo Projects Overview
GALILEO PROJECTS OVERVIEW Project Commodity Status Luansobe (Zambia) Cu Resource estimation & mine design Targeting >12Mt @ 2% Cu Shinganda (Zambia) Cu Drilling & exploration Targeting IOCG >15Mt Sandfire (Botswana) Cu Exploration Funded by Option partner GLR Botswana Cu Cu Kamativi (Zimbabwe) Li Ex
Slide 8: Luansobe, Zambia (Cu)
LUANSOBE, ZAMBIA (Cu) —— PROSPECT: LUAASOBE BOOP tea. LOO: DEPTH? ie 128'30m
Slide 9: Luansobe, Zambia (Cu)
LUANSOBE, ZAMBIA (Cu) • Located 15k NW of Mufulira • Exploration licence covers 918ha • New JV Co gives GLR the right to earn 75% majority interest • Reliable local partner Statunga Investments, working with GLR on other projects in Zambia • 1999 underground Mineral Resource Estimate (Z.C.C.M ltd –
Slide 10: Luansobe, Zambia (Cu)
LUANSOBE, ZAMBIA (Cu) • Preliminary open pit Mineral Resource Estimate of 5Mt @ 0.9% Cu Targeted • Assays received for the first 15 holes. Peak intercepts include: • LUDD005: 2.78% Cu over 2.56m from 45.44m Type Tonnes Grade • LUDD006: 0.66% cu over 7m from 21m (Mt) (% Cu) • LUDD009: 0.95% cu over 1
Slide 11: Shinganda, Zambia (Cu - Au)
SHINGANDA, ZAMBIA (Cu - Au) 11
Slide 12: Shinganda, Zambia (Cu - Au)
SHINGANDA, ZAMBIA (Cu - Au) • Central Western Zambia Hole ID Depth From Depth To Interval Grade Cu (m) (m) (m) (%) • Galileo has earned an initial 51% interest based on a cumulative spend of US$500k SHDD001 6.0 17 11.0 0.63 to date. Increased interest achievable by entering into JV to develop a mini
Slide 13: Shinganda, Zambia (Cu - Au)
SHINGANDA, ZAMBIA (Cu - Au) • Multiple targets identified within the license • Pitting, trenching and soil sampling has exposed significant Cu in soil and Au anomalies all warranting further follow-up • New Target: Pitting returns highly anomalous Au assays inc: Pit. Grade • Historic and more recent
Slide 14: Shinganda, Zambia (Cu - Au) Programme
SHINGANDA, ZAMBIA (Cu - Au) Programme • Prospecting has delineated a 12km x 6km area anomalous in Cu and Au. Work to date indicates a potential IOCG-type deposit with either numerous shallow ore bodies or a potentially larger target • Re-interpretation of recent magnetics has generated further new t
Slide 15: Sandfire, Botswana Copper Belt (Cu)
SANDFIRE, BOTSWANA COPPER BELT (Cu) 15
Slide 16: Sandfire, Botswana Copper Belt (Cu)
SANDFIRE, BOTSWANA COPPER BELT (Cu) • Kalahari Copper Belt Plutus: 82Mt @ 1.3% Cu & 13g/t Ag • 8 Exploration licences subject to a 2-year option Zeta NE: 27Mt @ Zeta UG: 19Mt @ 2.2% Cu & 43g/t Ag PL2 • Sandfire made an initial payment of cash and 1.5% Cu & 25g/t Ag 50 shares Zone 5N: 26Mt @ 2% Mahum
Slide 17: Sandfire, Botswana Copper Belt (Cu)
SANDFIRE, BOTSWANA COPPER BELT (Cu) Current – Future work programme • PL366: Review of historic soils completed • Comparative soil survey planned • Airborne Gravity Gradiometry (”AGG”) scheduled PL3 • PL367: 1,180 soil samples collected 66 • 4 multi-element anomalies identified for follow-up • Infil
Slide 18: Galileo Botswana Copper Belt (Cu)
GALILEO BOTSWANA COPPER BELT (Cu) • PL253/2018 forms a wedge • Kalahari Copper Belt between two Cobre licences subject of a recent Cu discovery • 8 licences held in subsidiary Crocus Serv Resources covering 2,832km2 • 7 licences held in subsidiary Virgo Business Solutions covering 2,200km2 • 15 lice
Slide 19: Galileo Botswana Copper Belt (Cu)
GALILEO BOTSWANA COPPER BELT (Cu) Current & Scheduled Programme • Formal engagement of Kalahari Copperbelt consultant • Relogging of all historic drill core and RC chips completed • Magnetic susceptibility completed on all cores • Ionic Leach soil surveys planned for specific licences • Diamond dril
Slide 20: Other New Age Metal Portfolio
OTHER NEW AGE METAL PORTFOLIO Copper Lithium Nickel & Zinc Gold 20
Slide 21: Kamativi, Zimbabwe (Li - Cu)
KAMATIVI, ZIMBABWE (Li - Cu) Kashitu Zambia Zn 21
Slide 22: Kamativi, Zimbabwe (Li - Cu)
KAMATIVI, ZIMBABWE (Li - Cu) • Western Zimbabwe - EPO 1782 covers 520km2 • Licensed to explore for Lithium – Tantalum – Niobium – Tin – Tungsten – Rare Earth Elements – Copper • Adjacent to Kamativi mine • Region well-known for significant Li deposits • Prospect Resources Ltd: Arcadia pit JORC (2012
Slide 23: Bulawayo Gold & Nickel, Zimbabwe
BULAWAYO GOLD & NICKEL, ZIMBABWE 23
Slide 24: Bulawayo Gold & Nickel, Zimbabwe
BULAWAYO GOLD & NICKEL, ZIMBABWE • 2 licenses covering 1,300km2 • Greenstone Belt rocks underlie the Licences • No systematic exploration for more than 25 years • Targeting 1 – 2Moz Au projects • Historic data compilation complete Known old • High resolution airborne geophysical survey completed occ
Slide 25: Bulawayo Gold, Zimbabwe
BULAWAYO GOLD, ZIMBABWE • Multiple targets identified • Extensions to historic or known high-grade narrow UG gold mines • Shallow cover historically prevented artisanal discovery • High resolution airborne geophysics highly successful • Regional structures hosting gold mines and localised Au- bearin
Slide 26: Bulawayo Nickel, Zimbabwe
BULAWAYO NICKEL, ZIMBABWE • Nickel targets identified during routine airborne geophysical survey • Multi-layered approach to exploration required with Au prospects sitting adjacent to Ni anomalies • Exploration approach based on known geometry and ore genesis of other Ni deposits in Zimbabwe • Some
Slide 27: Kashitu, Zambia (Zn)
KASHITU, ZAMBIA (Zn) 27
Slide 28: Kashitu, Zambia (Zn)
KASHITU, ZAMBIA (Zn) • GLR small-scale mining licence. Located 7km SE of the Kabwe processing plant • Abundant high-grade pervasive Zn mineralisation from surface • Supergene enriched Zn-Pb-Ag zinc “ash” from 0 to 3m at >7% Zn • High-grade willemite veins is small well-defined bodies at 30 – 50% Zn
Slide 29: Compelling Investment Case
COMPELLING INVESTMENT CASE - Advance new age metal portfolio with emphasis on copper - Investment return potential on Kamativi Lithium Project - Good potential for a major nickel discovery near Bulawayo in Zimbabwe - Company should be self funding on production commencing on Luansobe High value port
Slide 30: Global Recognition of the Importance of Cu
GLOBAL RECOGNITION OF THE IMPORTANCE OF Cu • World Bank: “A low-carbon future will be very mineral intensive because clean energy technologies need more materials than fossil- fuel-based electricity generation technologies” • IMF: “Striving to achieve net zero by 2050 is likely to spur unprecedented
Slide 31: Copper Demand
COPPER DEMAND • Global refined copper demand is projected to double from 25MMt in 2021 to nearly 49MMt in 2035 • Energy transition technologies will account for approximately half of the growth in demand • Cu production worldwide has never produced at the rate required to meet projected demand • Cu
Slide 32: Copper Supply Constraints
COPPER SUPPLY CONSTRAINTS • Rapid deployment globally of Energy Transition technologies will cause a huge surge in copper demand • Assuming aggressive capacity utilization rates and record recycling rates, refined copper demand will outstrip supply up to 2035 • The shortfall in Cu demand is projecte
Slide 33: Refined Copper Usage
REFINED COPPER USAGE • Growth in Cu demand will vary significantly by technology • During the period 2021 to 2035 Cu demand is projected to increase by 82% Sector demand during the same period: 2021 2035 Power and auto Sectors: 2.2MMtpa 9.3MMtpa Transmission/Distribution: 4.7MMtpa 7.5MMtpa Power Gen
Slide 34: Democracy Index 2021
DEMOCRACY INDEX 2021 • Information derived from Economist Intelligence 10 Democracy Index 2021* Unit (“EIU”) annual report on democracy 8 • The Democracy Index provides a snapshot of the 6 state of democracy worldwide in 165 independent 4 states and two territories 2 • This covers almost the entire
Galileo Resources — Investor Presentation (February 2023) on 6ix