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- Venture Minerals Limited (ASX: VMS) - A Rare Earth Story with a Difference.
Coffee with Samso Episode 163 is all about Rare Earths. Australian Mining The mass discoveries of REE recently is testament to the fact that Rare Earths are not very Rare. Most retail investors are not too concerned about the facts and the viability of REE projects as they jostle for trading opportunities. Many of these investors are only interested in the strategy of "selling dreams". One cannot begrudge this trading strategy. Trading to sell dreams has made a lot of investors' money. I don't work well with that system. I always end up with the short straw. I take my advice from a friend and mentor Geoffrey Donohue who taught me not to flow with the sentiment of the market but DYOR. Like all the great investors that we hear about, they are all into real facts and great management. Like all businesses, there are some that will be around for a long time and there are those that dance on tables now, but are never in the spotlight when the tide subsides. The best of these quotes are those from Warren Buffet. When I look at Venture Minerals, with the recent announcements, the first thing that came to my mind was whether this could be the catalyst that Mt Lindsay needs to get going. A credit to the mining cost that would give the tin and tungsten the boost for profitability. One of the best words used in the mining process is credits. Mining of the REE will be at the same stage as any other proposal to mine Tin and Tungsten so the excitement will be how much of the REE will contribute to the bottom line. In many other REE projects, they will need volume and logistics. Venture will be adding the REEs to an existing mining schedule which will likely create credits to any spreadsheet. When you look at the Cadia Gold Copper Mining Project, the most profitable gold mine in Australia, its All In Sustaining Cost (ALSC) is negative. In January 2021, Newcrest announced a record AISC of negative US$6 ($7.83) per ounce of gold due to higher copper prices and sales volumes, along with the timing of sustaining capital expenditure (Australian Mining). Cadia produces gold doré from a gravity circuit and gold-rich copper concentrates from a flotation circuit at Cadia. The gold dore is then refined at the Perth Mint and concentrates are piped to a dewatering plant at nearby Blayney and sent by rail to Port Kembla in New South Wales for export. The Molybdenum Plant is expected to deliver an additional revenue stream in the form of a molybdenum concentrate which will be a by-product credit to AISC per ounce. ---- Newcrest Website This is one of the most productive mines in Australia but it took a long time from discovery to production. At one stage, there was talk that this project was not going to get the tick of approval. Cadia was a closed mine since 1929 and only rejuvenated in 1992. Production as we know it did not happen immediately. Hence, when I hear all the negative narratives about Venture Minerals, I would like to remind viewers that all the great projects in the world today did not happen overnight. The tin and tungsten strategy has not disappeared. The resurgence of the REE sector is mainly due to the recent changing geopolitical positions. The jostling for the biggest bully in international politics is just beginning. This will impact Venture immensely as tin, tungsten and REE are key players in the critical and essential sectors. I sense that the resurgence of Tungsten may not be far away. Tungsten, in economical amounts, are indeed rare. The importance on the military side of things will make Tungsten take the spotlight. Coupled with REE and tin, I think Venture is definitely worth putting on your watch screen and DYOR. Take time and listen to Andrew Radonjic, Managing Director of Venture Minerals talk about the latest discoveries of REE in their projects. Chapters 00:00 Start 00:20 Introduction 00:55 News about Rare Earths prospects. 02:12 What are the learnings from the discoveries? 05:27 How do you want investors to see Venture Minerals? 11:12 A good geology setting for carbonatites? 13:54 How do you see the Rare Earths market going forward? 17:38 Updates on other projects - Kulin and Thor. 23:02 Are we in the phase of new discoveries? 27:22 News flow. 30:48 Why Venture Minerals? 33:35 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM Mr. Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX) . About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world's largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work. At the neighbouring Riley Iron Ore Mine , the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project. At the Company’s Golden Grove North Project , downhole EM has delineated a large conductor under High Grade Zinc-Copper-Gold drill intersections within the 5km long Volcanogenic Massive Sulfide Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets within the Kulin Project. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook . Disclaimer 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. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- The Search for Nickel and Palladium - A Methodical Exploration Strategy - Galileo Mining Limited
Coffee with Samso Episode 87 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) The search for Nickel Sulphides is one of the most challenging for geoscientists in the mineral exploration industry. For this reason, investors , in general, find it hard to comprehend what is required to make a discovery. Many investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) feel that Galileo Mining Limited (ASX: GAL) is making "slow progress" as they have not made a discovery. In this episode of Coffee with Samso , Brad Underwood, Chairman and Managing Director of the company share with us the methodical manner in which they are going about the business of locating the "Holy Grail", otherwise known as a Nickel Sulphide ore body. Brad outlines how the company is doing things in a step-by-step way to vector their drilling on the best case target. This is one of the most comprehensive episodes on understanding the process of nickel exploration. Here are some topics that Brad shared with us: How magnetic surveys work and the information it gives explorers The use of gravity and electromagnetic surveys The science behind all these geophysical surveys In this episode, Brad also shares with us the thinking and the science behind the new Palladium target in Norseman. Watch the interview: Coffee with Samso Episode 87 The historical data in Norseman has shown that there is a potential PGE mineralisation existing in the current project. The share price of the company has taken a rough ride but looking at the eagerness to punt prior to drilling programs tells me that there are a lot of believers out there. Galileo has quality management and that is always going to be useful in good or bad times. PODCAST 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 are 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 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. 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. Disclaimer 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. Download eBook 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Galileo Mining Limited (ASX: GAL) - Early discovery of Sulphides at Norseman Project
Rooster Talk Episode 51 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) is all about the discovery of sulphides at the Norseman project. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL) . The results are consistent with our expectations. We just did not think we were going to hit it with air-core drilling. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL) , shares with us the technical merits of the sulphides in today's Rooster Talk . The presence of the sulphides is important as this is indicating some for of mineralisation. Short of calling a discovery, the presence of these sulphides is going to add a lot of spice to the story at Norseman. Watch the interview: Rooster Talk Episode 51 Chapters: 00:00 Start 00:20 Introduction 59:01 Brad Updates. 02:10 Was the sulphides a geophysical target?. 03:02 Drilling still happening in same project. 03:17 Timing of results. 03:58 What does these results mean for the company? 05:49 What else is happening for Galileo. 06:54 The exploration ahead in 2022. 07:42 What's the different approach when looking at Norseman. 08:55 What are the historical nickel activities in the Norseman area. 09:48 Last Words from Brad. 10:15 Conclusion PODCAST 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 About Brad Underwood 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 Disclaimer 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. Download eBook 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- The Search for Palladium in Norseman Commences - Galileo Mining Limited (ASX: GAL)
Rooster Talk Episode 50 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) says the company is not shying away from exploration. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. Over time I have encouraged investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) who are looking for a company that actually spends the majority of their funds on good exploration, to look at Galileo Mining Limited (ASX: GAL) . Since early 2018, when the company listed on the ASX, they have undergone 14 drill programs. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL) , shares with us the technical merits of their projects in today's Rooster Talk . This episode talks about the exploration thinking behind the drilling in Norseman where Galileo is seeking a potential Ni-Cu-PGE target. The 10,000m drilling program has started and the targets are starting to look interesting as the geophysical anomalies appear to be guiding towards a possible source. The Jimberlana dyke in Norseman has always been a potential exploration target but has largely being ignored in the company's tenure. Watch the interview: Rooster Talk Episode 50 Chapters: 00:00 Start 00:20 Introduction 01:08 Brad Updates. 01:48 The prospectivity of Norseman. 03:04 The thinking behind the Jimberlana Dyke. 04:54 The significance of geological analogy for current targets in Norseman. 06:48 What do the targets mean? 08:08 Is there a big Halo of mineralisation? 08:38 Can the geophysical target be non-mineralisation? 09:53 What will happen going forward? 10:34 Last Words from Brad. 11:22 Conclusion The Jimberlana Dyke is similar to known geology that has sources of Palladium. PODCAST 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 About Brad Underwood 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 Disclaimer 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. Download eBook 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- NiS Exploration: More Science than Luck - Galileo Mining Limited (ASX: GAL)
Rooster Talk Episode 25: A Margaret River Series Update on the Nickel Exploration It's time for an update on nickel exploration with Brad Underwood , Chairman and Managing Director, Galileo Mining (ASX:GAL). Today we focus on the science and techniques of nickel exploration - which is the easy process but what are the potential issues? As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. About Galileo Mining and its Projects 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 a 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 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. Podcast 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 Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Disclaimer 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. Share this Rooster Talk If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact Samso . About Samso
- Galileo Mining Limited (ASX: GAL) - One Step Closer to more Sulphides
Coffee with Samso Episode 140 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is all about the next drilling campaign in Norseman. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL) . This episode is a discussion on the technical merits of the Norseman project. Galileo is about to undertake another drilling program. Watch the interview: Coffee with Samso Episode 140 Chapters: 00:00 Start 00:20 Introduction 00:57 Brad Updates. 01:28 The drilling starts again. 02:21 What have you learned from the past drilling campaign in Norseman? 03:40 Is the geology in Norseman and Albany Fraser different and if so, what are the differences? 05:14 How is the host rock chemistry different in Norseman and the Fraser Range? 06:14 Has the exploration strategy for GAL changed over time? 07:45 Is GAL looking at a new mineralising province? 09:12 What is a good Palladium grade? What should investors look for in a Palladium project? 10:37 What is the magical number that investors should look at in an announcement? 12:24 Is there a proportion of Nickel and Palladium to look for? 13:23 Palladium. 13:47 Why is GAL so well funded? 15:03 GAL has good shareholders. 15:44 What does Brad think of the Nickel market? 17:23 The News coming up for Investors and Shareholders. 18:37 Norseman has not been a Palladium area. 19:33 Conclusions PODCAST About Brad Underwood 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 Disclaimer 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. Download eBook 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- An Alternate Source for Nickel in the Albany Fraser Province for Galileo Mining?
Coffee with Samso Episode 98 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) Galileo Mining is one company that is not shying away from finding Nickel Sulphides. Are their recent drilling results showing more evidence of a potential new source of nickel sulphides? Investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) who are looking for a company that actually spends the majority of their funds on good exploration should look at Galileo Mining Limited (ASX: GAL) . Since the company listed on the ASX, they have undergone 13 drill programs since early 2018. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL) , shares with us the technical merits of their projects in today's Coffee with Samso . Brad indicates that there is potential of a different source of nickel sulphides in the Albany-Fraser Range. Conversations with Brad What the recent results mean in realising a potential new source for the nickel sulphides. The need to understand the "Black Art" of geophysics What is the Ni-Cu-PGE story? The reasons why the Galileo story is robust and is worthy of an Investment for ASX for investors. Watch the interview: Coffee with Samso Episode 98 Chapters: 00:00 Introduction 01:39 Recent drilling results - What does it mean? 04:04 Do the current findings give you new ideas? 05:56 The significance of the S2 trend. 07:38 What is controlling the mineralisation? 08:14 What do the EM numbers mean? 10:59 What is happening with the other projects? 12:00 What is the Ni - Cu - PGE story all about? 13:55 How do you find palladium? 15:15 What will happen now going forward? 17:40 Conclusion Exploration is about doing the work and this includes the Black Art of Geophysics. PODCAST 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 are 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 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 Disclaimer 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. Download eBook 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- 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. PODCAST 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. Disclaimer 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google .
- The Start of a Compelling PGE Story - Galileo Mining Limited (ASX: GAL)
Coffee with Samso Episode 152 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) talks about the Callisto PGE/Palladium discovery. The discovery of a PGE system has been made in Norseman, Western Australia. Now it is all about establishing a resource and create a path to production. This episode is a discussion on the potential and the understanding of what Callisto can be and the path to production. The project is blessed with the best access to highway, railway, gas pipeline and access to a deep port in Esperance. Watch the interview: Coffee with Samso Episode 152 As Galileo Mining moves into a new phase of drilling, I ask Brad Underwood how investors understand the PGE story. I ask him what can investors look for to better understand a good result and how to see value creations as more drill results materialize. Galileo has been creating so much value for shareholders lately with the discovery so I asked Brad what he thinks of the mineral resource industry. What are his thoughts about the future market sentiment? This sentiment will also dictate when his potential production path will follow. This is one of the best episodes with Brad Underwood so I urge readers to get a cup of coffee, tea or hot chocolate and settle in for a good half an hour of the Galileo story. Chapters: 00:00 Start 00:20 Introduction 01:28 Updates on the Callisto discovery. 02:10 Understanding the Callisto Project. 05:28 Interpreting the cross sections. 07:00 What is the next drill program testing? 08:48 Is this the biggest drill program in Galileo? 10:21 Lessons learnt from Exploration Results. 12:12 PGE Story - Rhodium. 14:15 PGE Story - Palladium. 15:28 How do Investors understand the PGE Story? 17:25 The Fraser Range Project. 18:10 Investors - Patience in PGE projects. 20:25 Plans on other projects. 21:46 Callisto - Production and cashflow timeline. 23:36 Will the Mineral Resources Boom Continue? 26:30 News flow summary. 28:16 Conclusions. PODCAST 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 Disclaimer 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. Download eBook 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Delivering Success: Building a PGE Resource - Galileo Mining Limited (ASX: GAL)
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. Chapters: 00:00 Start 00:20 Introduction 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. 26:59 Conclusion PODCAST 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 Disclaimer 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. Download eBook 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- The four-letter word that drives the price of gold
Another Samso Insight for the Metals and Mining sector Here's what I learnt from Rick Rule on what drives rapid market reaction and finding those Warren Buffet moments. Is this market sustainable or is it a bubble waiting to explode? Read on to find those golden nuggets. Was 1987 the mother of all crashes? In my nearly 30 years in the mineral resource industry, I have never seen or participated in a rush like the last five months. Prior to the stock market crash of 1987 when I was sitting in the Reid Library (University of Western Australia) counting what percentage of the Porsche 911 I had, I thought this was the easiest thing. Investing in equities was simple. The crash came and that car was no longer in the picture. Just as well it was in theory. As it turns out, for me, that crash would turn out to be one of many "crashes" for me to experience over the last three decades. As a geologist, there would be even more ups and downs. If we had thought that the 1987 crash was a mother of all crashes, the chart below will tell a different story. The 2008 drop would have to be the biggest and that was due to naughty bankers. Rightfully too as they are the masterminds of the world financial system. The recovery was pretty fast for the bigger companies. For the rest of the small-cap sector, and the mineral resources sector, it was literally being dragged through the desert and then the thorny bushes and then through the salt fields. And when we resurfaced, we found that the water source was not working and those that worked were leaking. For those people who were in the corporate sector, raising money was a hard slog. I remember listing my company in 2009 and then wondering how we were going to raise more money in the future. Equity markets - 2020 Today, August 2020, for me, in terms of investing in shares this is a surreal feeling of Deja Vu for me. I have seen stocks take off from $0.005 to $0.072 on not much news and activity. The company has not announced anything so how is one to make an informed decision. This is not to say that the company is bad, it is what the market, in general, has been doing since that faithful last week in March. The company I am referring to is, of course, Kairos Minerals Limited (ASX: KAI) . The Pilbara has this history of sparking a rush lately with the Conglomerate Gold rush in late 2017 and now what I call the Hemi Goldrush. The Hemi Goldrush is all about the discovery of the Hemi gold deposit by De Grey Mining Limited (ASX: DEG) . De Grey made an announcement on 17 December 2019 and it was on for the young and old. Anyone that had something that was close by and had some essence of similarity would attract the attention of eager punters. You would have thought that was the case but, punters were still few and far between. As you can see the share price of Kairos was pretty much underwater until that last week of March The share price for De Grey did not really start to move until February and took off around the same time as the whole market in the last week of March 2020. Hemi was touted as the next gold mine in the Pilbara and that may still be the case. It was a brand new discovery that made De Grey the darling of the market. Not too long before the discovery, when the company was trying to raise money, they were being shunned and how fortunes favour the brave. On another chapter, Calidus Resources Limited (ASX: CAI) which was completing a Feasibility Study on its Warrawoona Gold Project seemed to be on hiatus. Everyone was waiting for the completion of the study. Hence this meant that they were not attracting too many suitors but again, sprang to life on the last week of March. I am starting to feel that there is something different about this market. The market factors were looking different and investors are doing things differently. Rapid Market Reaction Uncertainty crept in and the wonderful four-letter word FEAR was driving the price of gold up. As the gold price started to move up and the reality of COVID became clear, for some reason, the market went into overdrive. Companies that had just an inkling of money being raised, potential projects being acquired was driving share prices in multiples of 10x and 20x. Everything was on the move. Investment decisions were being made not on technical merit but that fact the stock was going to "fly". When I looked at some of these projects on its technical merit, I was puzzled at what was so good and why on earth would anyone want to put money in them. It became clear that the market was no longer reacting to substance but rather on the power of a driving market. There were conversations about money being raised everywhere. There are too many examples to list and too many names to mention that were influencing the rising sentiment. During this time, I had a couple of conversations with Rick Rule and we had a couple of Coffee with Samso to talk some sense of this market. Rick Rule is the Senior Managing Director of Sprott Inc . and the President & CEO of Sprott US Holdings. Check out these episodes of Coffee with Samso with Rick Rule Gold, Equities, Sprott Management and Australian Gold Exploration (Not the best of recording) Markets and Commodities with Rick Rule Rick shares some great points and the one that sticks to my mind are the following: People buy GOLD when they FEAR They buy Silver when they are GREEDY. If the price of gold is at a level that is considered more than a demand vs Supply vs Insurance, there is something drastically wrong in our world. In the beginning, Invest first and Speculate later. I have taken on board these comments and I am looking at this market and thinking that one should now start to Invest and Speculate later. All the first three statements are now in play. This is not to say that the market is about to blow up, but rather to say that it is time to look at the substance rather than the speculative "plays". What is Substance? Let us look at some of the ones that are pretty obvious in the market now. One would ask the obvious question. Have they peaked? Is the gold price going to come back? Are we going to see a major pullback? The answer to this question is simple. DYOR (Do Your Own Research) and don't let FOMO (Fear Of Missing Out) drive your thinking. I would look for near producers that are undervalued and have lots of upside for growth. I agree that there are very little left in this category but I have two that I feel will do well (Hint: Don't stop reading now :-)...). If you look hard enough, you will find them. Warren Buffet finds them so you can as well. As he says, he only needs to find one or two a year and that will do him well. When he finds them, he goes in big. After many years of "speculating", I am now a practitioner of this method. This is a sign of old age and preparing for a slower pace of life :-) I am now in the school of "trying" to find those Warren Buffet moments and then backing the truck into it. There are many opportunities to "punt" but there are only one or two that you will "invest". Which Commodity? In terms of Gold, I think that the government stimulus which is happening all over the world now will keep gold price buoyant and most likely go up depending on how COVID plays out. Remember that prior to COVID, the inflationary issues associated with printing too much money was already rearing it head out of the pack. As for the base metals, I think all major and minor economies are just entering the next phase of rebuilding and so base metals will attract strong demand. I believe that copper will be the star of this batch. Dr. Copper is never wrong! There is the transition to EV (Electric Vehicles) and Renewable Energy, so the likes of Nickel, Lithium, Cobalt (?), REE and Uranium will be in strong demand. I just had an interesting conversation with an associate who is heavily into the trading of Spodumane (Li) . He has some good reasons that point to a Lithium recovery. Hard rock lithium recovery. What do I like? I like Blackstone Minerals Limited (ASX: BSX) because they have a very good project in Vietnam. This is a mine waiting to happen. This is a mine within the market for Nickel Sulphide. This is a mine with a great partner in EcoPro. So what is there not to like? My only regret is that I had to sell my holdings way too early. Looking at Figure 6, I am sure they are going to be a shining nickel company. Let us hope management still remembers how to spell Samso. I have been a great sideline supporter of this project from late last year. I am pretty sure the share price was around $0.15. Currently sitting over $0.40 is a true testament to the hard work from the management of the company. One that I have a holding in and I am happy shareholder is Hot Chili Limited (ASX: HCH) . Again, from my DYOR article on porphyry deposit in Chile - Copper Porphyry Districts - Chile & Associates - I have learnt that this is well managed and is a giant waiting to come out of the woods. There have been a couple of Coffee with Samso with Christian Easterday and I remember our discussion was on how the public never really understood the potential of the adjacent porphyries in El Fuego. If you watch the Coffee with Samso and the Rooster Talk I have done with Christian, you will slowly understand that this is one of those Warren Buffet moments. Even at the $0.039, the market capitalisation is only AUD77M. Go figure that. Conversations with Christian Easterday Coffee With Samso A Giant Copper - Gold Porphyry Story, Chile Tier-1 Copper-Gold Porphyry Deposits Rooster Talk Unveiling the Giant Copper Deposit - Hot Chili Limited (ASX: HCH) The beauty of HCH is that the market is still unaware of the value creation. The persistence of management to keep delivering milestones is commendable . it is not easy to stick to this task for ten years and work through some tough times. Conclusion I don't think this market is going to burst. However, I do feel that the small-cap market is now so speculative, the safest way is to look for value. I know this last statement goes against everything that a small-cap "investor" would do. My thoughts are based on the fact that this market is the best I have seen. In fact, if you look around the world, almost every exchange that I have some insight to is up and is as active as the ASX . The advice from Rick Rule is resonating in my mind as I write this. Invest first and speculate later. Gold is rising so FEAR is in the air. Silver is rising so GREED is near. The best way for me to create some form of insurance is to find those Warren Buffet moments. Disclaimer 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso
- Commodities and Equities: Advice from Rick Rule
Coffee with Samso Episode 70 is with Rick Rule, Senior Managing Director, Sprott Inc., and President & CEO, Sprott U.S. Holdings Learning is best done when you actually listen. In this episode of Coffee with Samso, I recommend listening well. Just over twelve months ago, I was browsing through LinkedIn and saw Rick Rule giving an interview and wondered if he would be interested to have a Coffee with Samso . I was thrilled he readily agreed. Rick Rule is on his third Coffee with Samso and the timing is impeccable as this is almost twelve months since our first conversation. That was when the pandemic had just started and everyone was thinking it would perhaps be chaotic for a while. As most investors know, this was followed by an equity rise not seen for many decades. The chaos was far from short-term. It has already been a year. Check out our Insight on The Best Equity Investment Since the 1980s for more insights on this. In this Coffee with Samso, Rick shares with us some pointed topics as we work through some of the issues that we have faced and will face in the coming months. As precious metals take a step backward recently, the anticipation of the EV Revolution has sparked a race where investors were seen rushing to expose themselves to the Lithium market. We also discuss this rush as well as the recent interest in the REE and Silver. Rick reminds investors that Rare Earths Elements (REE) and Lithium are not rare. Where you want to position yourself is at the processing end of this sector. Do not chase the market noise/narrative but instead understand and believe the story of the company. And that's why Samso is proud to bring you stories direct from ASX companies! The recent "hot news" on REE and Silver which have captivated the market sentiment is not really making Rick excited. Make sure you tune in to understand why this is the case. Rick offers to review your resource share portfolio here Look out for the part where Rick offers to review your resource share portfolio. All you need to do is go to the link below and list your resource stocks and he will personally rank them from 1 to 10 (1 = best and 10 = worst). He will personally make comments on stocks that he knows as well. If you include charts in the question line, he will include Barron's gold mining chart which is a 50-year gold equities chart and a 100-year chart on commodities chart. https://sprottusa.com/brokerage-services/rankings/ PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Rick Rule Senior Managing Director, Sprott Inc. President & CEO, Sprott U.S. Holdings Rick Rule began his career in the securities business in 1974 and has been principally involved in natural resource security investments ever since. He is a leading resource investor specialising in mining, energy, water utilities, forest products and agriculture, and has originated and participated in hundreds of debt and equity transactions with private, pre-public and public companies. Mr. Rule is also the Founder of Global Resource Investments, President and CEO of Sprott U.S. Holdings, Inc. and a member of the Sprott Inc. Board of Directors. He is a frequent speaker at industry conferences and has been interviewed for numerous radio, television, print and online media outlets concerning natural resource investment and industry topics. Mr. Rule is frequently quoted by prominent natural resource oriented newsletters and advisories. About Sprott Sprott is a global asset manager providing investors with access to highly-differentiated precious metals strategies. Sprott's in-depth knowledge, experience and relationships separate them from the generalists. Sprott’s specialised investment products include innovative physical bullion trusts, managed equities, mining ETFs, as well as private equity and debt strategies. They also partner with natural resource companies to help meet their capital needs through brokerage and resource lending activities. Sprott is a global asset manager with offices in Toronto, New York and London. Sprott’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. Sprott today serves over 200,000 global clients and has approximately $16.3 billion in assets under management. A Rich History The company was founded in 1981 by Eric Sprott, an early champion of precious metals investing. Sprott has grown steadily over the past four decades through organic initiatives and acquisitions and has expanded its role far beyond its original focus as an institutional brokerage serving mostly small- to mid-cap Canadian natural resources companies. Today, their reach is global, and they are proud of their deep roots in the sector. Sprott’s unique expertise benefits both the investors and issuers. Their disciplined approach to investing, their focus on risk management and their ability to quickly assess and complete projects is built on more than 35 years of experience working with management teams across different project types and geographies. Their unique capabilities allow them to provide flexible financing solutions across the mining life cycle and to match global investor demand with a strong pipeline of investment opportunities. Contrarian Sprott goes against the grain when investing. Precious metals offer low correlation to other assets and can serve as natural hedges. In a time of increasing uncertainty about global markets and geopolitics, they are committed to providing investors with access to these assets and supporting the companies that produce them. Innovative Although precious metals have been coveted for thousands of years, Sprott believes there are significant new opportunities for investors and issuers in the sector. They continue to demonstrate this through investment innovations such as physical bullion trusts, factor-based ETFs, managed equities, and private equity and debt strategies. Aligned Sprott is committed to aligning the interests of their clients, shareholders and employees. This is demonstrated by their high level of employee share ownership, as well as by significant participation by Sprott and employees in their strategies. Disclaimer 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. Share to Grow: Your Bonus Samso has just released an eBook: 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 . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google .












