Galileo Mining Ltd (ASX:GAL) is a resources company listed on the Australian Securities Exchange and is exploring for base metals in southeast Western Australia. The company has 100% ownership of its Norseman Project and has joint ventures with the Creasy Group over highly prospective tenements in the Fraser Range.
The Norseman Project is adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10 kilometres from the companys current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects.
The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012.
Galileos northern Fraser Range tenement is 80 kilometres from the operating Nova mine while the southern tenements are just 30 kilometres from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region.
The company was originally privately owned by renowned prospector Mark Creasy and Galileo managing director Brad Underwood spent eight years as general manager of the Creasy Groups exploration at the Fraser Range and at Norseman.
Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding.
Creasy continues to be the largest shareholder, controlling approximately 31% of the company. ASX-listed miner IGO Ltd (ASX:IGO) and Mineral Resources founder Chris Ellison are included within the companys top five largest shareholders.
Galileo key milestones:
- 2003 – Registered as a private company wholly-owned by Mark Creasy
- 2004 – Acquired the Norseman project
- 2006 – Initial drilling conducted at Norseman
- 2017 – Maiden JORC Resource completed at Norseman
- 2018 – Acquired interest in the Fraser Range project
- 2018 – Launched on the ASX as a public company
Moment of truth
Since the first Coffee with Samso in May, Galileo has been very active in preparing for this moment of drilling targets. We speak of the 'Truth Machine' being what all projects need or fear. In this case, I do believe that this will bring exciting times for shareholders.
Brad Underwood has been preparing these projects with desktop surveys, geochemistry and geophysics. The obvious next step is to drill the targets identified.
Brad tells us that there will be coming news for the next six months. He also tells us about how the geophysics is clean, meaning that the country rocks are not compromising the results.
Since preparing for the first Coffee with Samso with Brad, I have come to appreciate how unique this area is compared to your normal nickel project. When Brad talked about the unique metal composition, more copper, I think there are more discoveries left in the Fraser Range.
For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au
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