Coffee with Samso Episode 168 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is about the year of Callisto.
The discovery of the Callisto PGE system in Norseman, Western Australia has all but sealed the future paths of the company. Galileo Mining is now at the resource building stage and Brad is calling 2023 the Year of Callisto.
This episode is all about where Callisto is headed in the near future.
Watch the interview: Coffee with Samso Episode 168
The Galileo story has always been about finding resources. It is a rare company in the small cap mineral resource companies sector that is focused on finding a resource that is meaningful. As we know, the amount of work is directly related to what is in the bank account. And Galileo has a lot of funds in their bank account.
The reason why Galileo can sustain the continuous mineral exploration activities is due to the fact that the major shareholder is Mark Creasy. Google him and you'll find out soon enough about the caliber of this shareholder.
Galileo will continue to drill, and by all accounts from the recent drilling, the grades are looking to be getting better with depth. I have suspected that the early exploration results were indicating some trend towards the east, and it is nice to see that more drilling has shown this to be true.
Brad Underwood gives us a great review of the results and what investors should take away from this Coffee with Samso. The Callisto Story is a classic successful mineral exploration story of perseverance, having the faith in the science and a great management team.
DYOR is the key here for investors and shareholders. I encourage viewers to reach out to Brad Underwood and get him to explain any questions you may have from today's Coffee with Samso.
Get comfortable, and enjoy this episode of Coffee with Samso.
01:28 Brad Underwood introduces Galileo Mining Limited.
02:04 Is 2023 All about Callisto?
03:33 Brad narrates the mineralisation at Callisto.
07:41 Is the grade increasing with depth?
09:21 Galileo is All In on Callisto.
11:08 Proving the geological model.
11:52 What is Callisto?
13:41 How much of Callisto is still not understood?
15:41 Galileo is all about finding resources.
17:56 How are recent results adding to the value of Callisto?
20:30 News Flow.
22:17 How should Investors view Galileo Mining Limited now?
24:18 Can Callisto get bigger?
25:34 Why buy Galileo Mining Limited?
26:36 The exciting part of Galileo Mining Limited.
About Brad Underwood
Executive Chair and Managing Director
Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of 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.
Previous conversations with Brad
Watch the previous Coffee With Samso conversation with Brad here.
Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction.
Listen to the Rooster Talk conversation with Brad here.
Focusing on the science and techniques of nickel exploration - the easy process and potential issues.
Featured on Brilliant-Online
Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium
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
2020 – Nickel Sulphides confirmed at Fraser Range project
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
VMS (Volcanogenic Massive Sulfide) Deposits Explained
In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment.
I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio
A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook.
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