Bullish Outlook for Nickel Sulfide in the Year of the Ox: 2021 - Galileo Mining Limited (ASX: GAL)
Coffee with Samso Episode 58 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL)
The process of Exploration is slowly eliminating all the possibilities, and the year of the Mighty Metal Ox in 2021 is set to bring on its strong back a steady, confident outlook.
Galileo Mining Limited (ASX: GAL) is slowly creating a make or break situation for itself with the Albany Fraser nickel sulfide project. Blessed with one of the best portfolio of projects in the Fraser Range in Western Australia, Galileo has been bulldozing tirelessly over the last twelve months.
One of the key messages that Brad tells us is that Galileo is all about nickel exploration and they take the bull by the horns and drill for it! Not unlike the hardworking, strong and tireless animal, the company is single-minded in its dedication to exploration:
They have worked in the Fraser Range for over 10 years now and with this rock solid experience, they know what will work to make a discovery.
They are doing four to five drilling programs per year.
Since the company has listed, they have already completed 13 drilling programs. That is no mean feat for a company.
Brad gives us a good understanding of what the company has done in the last twelve months before outlining the exploration strategies in 2021.
Drilling out Lantern East.
Continuing the exploration in Lantern South.
Initiating the Norseman project.
Rising nickel price.
Future demand for Nickel Sulfide.
EM surveys to identify new targets.
Watch the interview: Coffee with Samso Episode 58
I have always liked this company as they take the bull by the horns and go straight for what matters - they are dedicated to exploration, pure and simple. There is no corporate juggernaut, there is no pretence of being anything but a company that raises money and devotes it entirely to exploration. That makes them a reliable and trustworthy entity.
The team at Galileo is ultimately a group of technical people who have worked closely with Mark Creasy over the last 10 years and are now in a public company. The projects are prospective as they have been nurtured over the last 10 years.
The share price may have taken a roller coaster ride over the last nine months but the prospectivity of the tenements remains at the same level. It is this level of prospectivity that maintains my optimism of the company and the chances of discovery. With the new year, we are all looking for more stability and this is one company I feel a stronger sense of security with.
About Galileo Mining Limited (ASX:GAL)
Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east 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 located 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 10km from the Company’s 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. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km 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 Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman.
Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding.
Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s 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
It has been nearly two months since I last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process is easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia.
About Brad Underwood
Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years’ experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities.
Watch the last Coffee With Samso conversation with Brad here.
Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction.
Listen to the last Rooster Talk conversation with Brad here.
Focusing on the science and techniques of nickel exploration - the easy process and potential issues.
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